United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Purchases New Holdings in The Goldman Sachs Group, Inc. $GS

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new stake in The Goldman Sachs Group, Inc. (NYSE:GS) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,200 shares of the investment management company’s stock, valued at approximately $1,557,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in GS. Dogwood Wealth Management LLC increased its holdings in The Goldman Sachs Group by 1,800.0% during the second quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company’s stock worth $26,000 after buying an additional 36 shares during the last quarter. Clearstead Trust LLC bought a new position in shares of The Goldman Sachs Group in the 2nd quarter valued at about $31,000. Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of The Goldman Sachs Group during the 1st quarter worth about $25,000. Ridgewood Investments LLC increased its stake in shares of The Goldman Sachs Group by 45.9% during the 2nd quarter. Ridgewood Investments LLC now owns 54 shares of the investment management company’s stock worth $38,000 after purchasing an additional 17 shares during the last quarter. Finally, MeadowBrook Investment Advisors LLC bought a new stake in shares of The Goldman Sachs Group in the 2nd quarter valued at about $39,000. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Performance

NYSE: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 stock has a market cap of $244.70 billion, a P/E ratio of 16.57, a PEG ratio of 1.43 and a beta of 1.41. The Goldman Sachs Group, Inc. has a 1-year low of $439.38 and a 1-year high of $841.28. The company has a current ratio of 1.11, a quick ratio of 0.67 and a debt-to-equity ratio of 2.23.

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

The Goldman Sachs Group Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts recently commented on the company. UBS Group lifted their price target on The Goldman Sachs Group from $762.00 to $805.00 and gave the stock a “neutral” rating in a report on Tuesday, October 7th. BMO Capital Markets assumed coverage on The Goldman Sachs Group in a research note on Friday, October 3rd. They set a “market perform” rating and a $785.00 target price for the company. Citigroup boosted their target price on The Goldman Sachs Group from $700.00 to $765.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. Dbs Bank raised their price target 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. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of The Goldman Sachs Group in a report on Tuesday. Four analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $786.00.

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.