The Goldman Sachs Group, Inc. $GS Position Lifted by Orleans Capital Management Corp LA

Orleans Capital Management Corp LA grew its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.7% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 7,586 shares of the investment management company’s stock after purchasing an additional 125 shares during the quarter. The Goldman Sachs Group makes up 2.8% of Orleans Capital Management Corp LA’s portfolio, making the stock its 8th biggest position. Orleans Capital Management Corp LA’s holdings in The Goldman Sachs Group were worth $5,369,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Canada Pension Plan Investment Board raised its position in shares of The Goldman Sachs Group by 28.6% in the first quarter. Canada Pension Plan Investment Board now owns 524,296 shares of the investment management company’s stock valued at $286,418,000 after purchasing an additional 116,535 shares during the period. Ignite Planners LLC acquired a new position in shares of The Goldman Sachs Group in the second quarter valued at $239,000. Bank of New York Mellon Corp lifted its holdings in shares of The Goldman Sachs Group by 4.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,379,900 shares of the investment management company’s stock worth $2,392,124,000 after acquiring an additional 157,473 shares during the period. Blueshift Asset Management LLC lifted its stake in The Goldman Sachs Group by 161.8% during the first quarter. Blueshift Asset Management LLC now owns 1,055 shares of the investment management company’s stock worth $576,000 after purchasing an additional 652 shares during the period. Finally, Jump Financial LLC acquired a new stake in The Goldman Sachs Group in the 1st quarter valued at $9,596,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Up 1.3%

NYSE:GS opened at $826.51 on Friday. The company has a quick ratio of 0.67, a current ratio of 1.11 and a debt-to-equity ratio of 2.23. The Goldman Sachs Group, Inc. has a 12-month low of $439.38 and a 12-month high of $841.28. The stock’s fifty day simple moving average is $787.51 and its 200-day simple moving average is $726.53. The firm has a market capitalization of $247.89 billion, a P/E ratio of 16.79, a P/E/G ratio of 1.43 and a beta of 1.41.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 14.79% and a net margin of 13.18%.The company’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $8.40 earnings per share. Equities research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 2nd will be issued a dividend of $4.00 per share. The ex-dividend date is Tuesday, December 2nd. This represents a $16.00 dividend on an annualized basis and a yield of 1.9%. The Goldman Sachs Group’s payout ratio is currently 32.50%.

Wall Street Analyst Weigh In

GS has been the topic of a number of recent analyst reports. Royal Bank Of Canada restated a “neutral” rating and issued a $843.00 price target on shares of The Goldman Sachs Group in a research report on Tuesday, October 14th. BMO Capital Markets began coverage on The Goldman Sachs Group in a report on Friday, October 3rd. They issued a “market perform” rating and a $785.00 target price on the stock. Keefe, Bruyette & Woods raised their price target on The Goldman Sachs Group from $850.00 to $870.00 and gave the company a “market perform” rating in a report on Friday, October 17th. Deutsche Bank Aktiengesellschaft boosted their price objective on The Goldman Sachs Group from $725.00 to $790.00 and gave the stock a “hold” rating in a research note on Tuesday, September 30th. Finally, BNP Paribas Exane raised their target price on The Goldman Sachs Group from $685.00 to $775.00 and gave the company a “neutral” rating in a research note on Friday, October 17th. 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 MarketBeat, The Goldman Sachs Group presently has an average rating of “Hold” and a consensus target price of $786.00.

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.