Edmond DE Rothschild Holding S.A. Has $2.02 Million Position in The Goldman Sachs Group, Inc. $GS

Edmond DE Rothschild Holding S.A. lifted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 22.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 2,851 shares of the investment management company’s stock after purchasing an additional 530 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in The Goldman Sachs Group were worth $2,018,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in GS. Winthrop Advisory Group LLC increased its position in The Goldman Sachs Group by 3.4% in the 2nd quarter. Winthrop Advisory Group LLC now owns 429 shares of the investment management company’s stock valued at $303,000 after acquiring an additional 14 shares in the last quarter. Avion Wealth grew its stake in shares of The Goldman Sachs Group by 31.1% during the second quarter. Avion Wealth now owns 59 shares of the investment management company’s stock valued at $41,000 after purchasing an additional 14 shares during the last quarter. KPP Advisory Services LLC grew its stake in shares of The Goldman Sachs Group by 2.1% during the second quarter. KPP Advisory Services LLC now owns 668 shares of the investment management company’s stock valued at $473,000 after purchasing an additional 14 shares during the last quarter. Dumont & Blake Investment Advisors LLC increased its holdings in shares of The Goldman Sachs Group by 0.7% in the second quarter. Dumont & Blake Investment Advisors LLC now owns 2,241 shares of the investment management company’s stock valued at $1,586,000 after purchasing an additional 15 shares in the last quarter. Finally, WealthBridge Capital Management LLC raised its position in The Goldman Sachs Group by 3.1% in the 2nd quarter. WealthBridge Capital Management LLC now owns 495 shares of the investment management company’s stock worth $350,000 after purchasing an additional 15 shares during the last quarter. 71.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on GS. Daiwa Capital Markets increased their price objective on The Goldman Sachs Group from $756.00 to $810.00 and gave the company a “neutral” rating in a research report on Wednesday, October 8th. Wells Fargo & Company lifted their price objective on The Goldman Sachs Group from $785.00 to $855.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 16th. Dbs Bank upped their target price on shares of The Goldman Sachs Group from $800.00 to $890.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. BNP Paribas Exane increased their price target on shares of The Goldman Sachs Group from $685.00 to $775.00 and gave the company a “neutral” rating in a research report on Friday, October 17th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $750.00 price objective (up previously from $625.00) on shares of The Goldman Sachs Group in a research note on Tuesday, October 21st. Four investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, The Goldman Sachs Group presently has a consensus rating of “Hold” and an average target price of $786.00.

The Goldman Sachs Group Price Performance

Shares of GS opened at $815.88 on Thursday. The stock has a 50 day simple moving average of $786.85 and a 200 day simple moving average of $723.41. The Goldman Sachs Group, Inc. has a 52-week low of $439.38 and a 52-week high of $841.28. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.67 and a current ratio of 1.11. The firm has a market capitalization of $244.70 billion, a PE ratio of 16.57, a P/E/G ratio of 1.43 and a beta of 1.41.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share for the quarter, beating analysts’ consensus estimates of $10.27 by $1.98. The firm had revenue of $15.18 billion for the quarter, compared to analyst estimates of $13.68 billion. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 14.79%. The business’s revenue was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $8.40 earnings per share. Sell-side analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 2nd will be given a $4.00 dividend. This represents a $16.00 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Tuesday, December 2nd. The Goldman Sachs Group’s payout ratio is currently 32.50%.

The Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.