May Hill Capital LLC Increases Stock Position in The Goldman Sachs Group, Inc. $GS

May Hill Capital LLC boosted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 8.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,214 shares of the investment management company’s stock after purchasing an additional 91 shares during the period. May Hill Capital LLC’s holdings in The Goldman Sachs Group were worth $859,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Winthrop Advisory Group LLC grew its stake in shares of The Goldman Sachs Group by 3.4% during the second 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 lifted its stake in shares of The Goldman Sachs Group by 31.1% in the second quarter. Avion Wealth now owns 59 shares of the investment management company’s stock worth $41,000 after acquiring an additional 14 shares in the last quarter. KPP Advisory Services LLC boosted its holdings in The Goldman Sachs Group by 2.1% in 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 grew its stake in The Goldman Sachs Group by 0.7% during the 2nd 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, Mechanics Financial Corp increased its holdings in The Goldman Sachs Group by 5.8% during the 2nd quarter. Mechanics Financial Corp now owns 294 shares of the investment management company’s stock worth $208,000 after purchasing an additional 16 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Performance

GS stock opened at $789.87 on Tuesday. The Goldman Sachs Group, Inc. has a 1 year low of $439.38 and a 1 year high of $825.25. The stock has a market capitalization of $239.11 billion, a price-to-earnings ratio of 16.04, a PEG ratio of 1.43 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 stock’s fifty day moving average is $768.75 and its two-hundred day moving average is $683.40.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Tuesday, October 14th. The investment management company reported $12.25 earnings per share for the quarter, topping analysts’ consensus estimates of $10.27 by $1.98. The business had revenue of $11.33 billion for the quarter, compared to analysts’ expectations of $13.68 billion. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 14.79%. The company’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter last year, the company earned $8.40 EPS. On average, research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd will be paid a $4.00 dividend. The ex-dividend date is Tuesday, December 2nd. This represents a $16.00 annualized dividend and a dividend yield of 2.0%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 32.50%.

Analyst Ratings Changes

Several equities analysts have recently commented on GS shares. HSBC increased their target price on The Goldman Sachs Group from $652.00 to $677.00 in a research note on Thursday, October 2nd. Zacks Research downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 16th. Royal Bank Of Canada reissued a “neutral” rating and issued a $843.00 target price on shares of The Goldman Sachs Group in a research report on Tuesday, October 14th. Citigroup increased their price target on shares of The Goldman Sachs Group from $700.00 to $765.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. Finally, Citizens Jmp reiterated a “market perform” rating on shares of The Goldman Sachs Group in a research note on Monday, July 14th. Three investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $779.50.

Insider Buying and Selling at The Goldman Sachs Group

In other news, COO John E. Waldron sold 9,000 shares of the business’s stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $750.51, for a total transaction of $6,754,590.00. Following the completion of the transaction, the chief operating officer directly owned 106,268 shares in the company, valued at approximately $79,755,196.68. The trade was a 7.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.55% of the company’s stock.

The Goldman Sachs Group 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.