Fortune 45 LLC Increases Stock Position in The Goldman Sachs Group, Inc. $GS

Fortune 45 LLC raised its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 7.0% in the second quarter, Holdings Channel.com reports. The institutional investor owned 1,077 shares of the investment management company’s stock after buying an additional 70 shares during the quarter. The Goldman Sachs Group makes up about 0.4% of Fortune 45 LLC’s holdings, making the stock its 19th largest holding. Fortune 45 LLC’s holdings in The Goldman Sachs Group were worth $762,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Canada Pension Plan Investment Board raised its stake in The Goldman Sachs Group by 28.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 524,296 shares of the investment management company’s stock valued at $286,418,000 after buying an additional 116,535 shares during the last quarter. Clear Creek Financial Management LLC bought a new stake in shares of The Goldman Sachs Group during the 1st quarter valued at $321,000. Blueshift Asset Management LLC grew its position in shares of The Goldman Sachs Group by 161.8% during the 1st quarter. Blueshift Asset Management LLC now owns 1,055 shares of the investment management company’s stock valued at $576,000 after acquiring an additional 652 shares during the period. Jump Financial LLC bought a new stake in shares of The Goldman Sachs Group during the 1st quarter valued at $9,596,000. Finally, Strategic Blueprint LLC grew its position in shares of The Goldman Sachs Group by 15.2% during the 1st quarter. Strategic Blueprint LLC now owns 3,271 shares of the investment management company’s stock valued at $1,787,000 after acquiring an additional 432 shares during the period. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, COO John E. Waldron sold 9,244 shares of the stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $750.11, for a total transaction of $6,934,016.84. Following the completion of the transaction, the chief operating officer owned 115,268 shares of the company’s stock, valued at $86,463,679.48. This represents a 7.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.55% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on GS. Citizens Jmp reissued a “market perform” rating on shares of The Goldman Sachs Group in a research report on Monday, July 14th. BMO Capital Markets began coverage on shares of The Goldman Sachs Group in a research report on Friday, October 3rd. They set a “market perform” rating and a $785.00 price objective for the company. Wells Fargo & Company boosted their price objective on shares of The Goldman Sachs Group from $785.00 to $855.00 and gave the company an “overweight” rating in a research report on Tuesday, September 16th. UBS Group boosted their price objective on shares of The Goldman Sachs Group from $762.00 to $805.00 and gave the company a “neutral” rating in a research report on Tuesday, October 7th. Finally, Royal Bank Of Canada reaffirmed a “neutral” rating and issued a $843.00 target price on shares of The Goldman Sachs Group in a report on Tuesday, October 14th. Three 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $779.50.

The Goldman Sachs Group Trading Down 1.2%

Shares of The Goldman Sachs Group stock opened at $782.59 on Thursday. The company has a market capitalization of $236.90 billion, a P/E ratio of 15.90, a P/E/G ratio of 1.45 and a beta of 1.42. 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 company has a fifty day moving average of $771.43 and a 200 day moving average of $687.54. The Goldman Sachs Group, Inc. has a fifty-two week low of $439.38 and a fifty-two week high of $825.25.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share for the quarter, topping the consensus estimate of $10.27 by $1.98. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 14.79%. The company had revenue of $11.33 billion during the quarter, compared to the consensus estimate of $13.68 billion. During the same quarter in the prior year, the firm posted $8.40 EPS. The Goldman Sachs Group’s quarterly revenue was up 19.5% compared to the same quarter last year. On average, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

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

About The Goldman Sachs Group

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.