National Bank of Canada FI Has $358.49 Million Stake in The Goldman Sachs Group, Inc. $GS

National Bank of Canada FI lifted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 20.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 506,560 shares of the investment management company’s stock after buying an additional 87,625 shares during the period. National Bank of Canada FI owned about 0.17% of The Goldman Sachs Group worth $358,491,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Public Sector Pension Investment Board grew its stake in shares of The Goldman Sachs Group by 42.3% during the 2nd quarter. Public Sector Pension Investment Board now owns 118,775 shares of the investment management company’s stock worth $84,063,000 after acquiring an additional 35,332 shares in the last quarter. Evergreen Capital Management LLC grew its position in The Goldman Sachs Group by 10.3% in the second quarter. Evergreen Capital Management LLC now owns 1,845 shares of the investment management company’s stock valued at $1,306,000 after purchasing an additional 172 shares in the last quarter. Duquesne Family Office LLC bought a new position in The Goldman Sachs Group in the second quarter valued at $29,726,000. MUFG Securities EMEA plc acquired a new stake in The Goldman Sachs Group in the 2nd quarter valued at $642,000. Finally, U S Wealth Group LLC. lifted its position in The Goldman Sachs Group by 6.3% during the 2nd quarter. U S Wealth Group LLC. now owns 4,999 shares of the investment management company’s stock worth $3,538,000 after buying an additional 298 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on GS shares. Zacks Research downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 16th. Royal Bank Of Canada boosted their price target on The Goldman Sachs Group from $843.00 to $900.00 and gave the stock a “sector perform” rating in a research report on Friday. Dbs Bank increased their price objective on The Goldman Sachs Group from $800.00 to $890.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Morgan Stanley decreased their target price on shares of The Goldman Sachs Group from $854.00 to $828.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 15th. Finally, Evercore ISI boosted their target price on shares of The Goldman Sachs Group from $752.00 to $830.00 and gave the stock an “outperform” rating in a report on Tuesday, September 30th. Four investment analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $787.06.

The Goldman Sachs Group Stock Performance

Shares of NYSE GS opened at $887.90 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 2.53. The company has a market capitalization of $266.31 billion, a P/E ratio of 18.04, a P/E/G ratio of 1.17 and a beta of 1.36. The Goldman Sachs Group, Inc. has a 12 month low of $439.38 and a 12 month high of $919.10. The stock has a 50 day moving average of $800.00 and a 200-day moving average of $744.12.

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 (EPS) for the quarter, beating the consensus estimate of $10.27 by $1.98. The Goldman Sachs Group had a return on equity of 15.29% and a net margin of 13.18%.The business had revenue of $15.18 billion during the quarter, compared to the consensus estimate of $13.68 billion. During the same quarter last year, the firm posted $8.40 EPS. The company’s quarterly revenue was up 19.5% on a year-over-year basis. As a group, equities research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors 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 dividend on an annualized basis and a yield of 1.8%. The Goldman Sachs Group’s dividend payout ratio is 32.50%.

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.