Regentatlantic Capital LLC Increases Position in Goldman Sachs Group Inc (NYSE:GS)

Regentatlantic Capital LLC lifted its holdings in Goldman Sachs Group Inc (NYSE:GS) by 8.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,480 shares of the investment management company’s stock after purchasing an additional 1,413 shares during the period. Regentatlantic Capital LLC’s holdings in Goldman Sachs Group were worth $3,781,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. FARMERS & MERCHANTS TRUST Co OF LONG BEACH boosted its holdings in Goldman Sachs Group by 1.6% in the 2nd quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 3,093 shares of the investment management company’s stock worth $633,000 after buying an additional 48 shares during the last quarter. World Asset Management Inc boosted its holdings in Goldman Sachs Group by 3.0% in the 2nd quarter. World Asset Management Inc now owns 25,296 shares of the investment management company’s stock worth $5,176,000 after buying an additional 743 shares during the last quarter. Granite Investment Advisors LLC boosted its holdings in Goldman Sachs Group by 29.2% in the 2nd quarter. Granite Investment Advisors LLC now owns 1,770 shares of the investment management company’s stock worth $362,000 after buying an additional 400 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in Goldman Sachs Group by 1.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 47,127 shares of the investment management company’s stock worth $9,641,000 after buying an additional 589 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in Goldman Sachs Group by 1.3% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 17,016 shares of the investment management company’s stock worth $3,481,000 after buying an additional 216 shares during the last quarter. Hedge funds and other institutional investors own 68.49% of the company’s stock.

NYSE GS traded down $3.66 on Friday, reaching $207.94. The stock had a trading volume of 165,989 shares, compared to its average volume of 2,295,937. The company has a market capitalization of $77.41 billion, a price-to-earnings ratio of 8.22, a price-to-earnings-growth ratio of 0.81 and a beta of 1.30. The company has a quick ratio of 0.86, a current ratio of 0.85 and a debt-to-equity ratio of 2.43. Goldman Sachs Group Inc has a 12-month low of $151.70 and a 12-month high of $245.08. The company’s fifty day moving average price is $207.24.

Goldman Sachs Group (NYSE:GS) last announced its earnings results on Tuesday, July 16th. The investment management company reported $5.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.73 by $1.08. The company had revenue of $9.46 billion for the quarter, compared to analyst estimates of $8.88 billion. Goldman Sachs Group had a return on equity of 11.99% and a net margin of 22.09%. The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.98 earnings per share. On average, sell-side analysts expect that Goldman Sachs Group Inc will post 22.81 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 30th will be given a $1.25 dividend. This is a positive change from Goldman Sachs Group’s previous quarterly dividend of $0.85. The ex-dividend date is Thursday, August 29th. This represents a $5.00 dividend on an annualized basis and a yield of 2.40%. Goldman Sachs Group’s payout ratio is presently 13.45%.

Several research analysts have recently weighed in on GS shares. Zacks Investment Research upgraded Goldman Sachs Group from a “sell” rating to a “hold” rating and set a $207.00 target price on the stock in a report on Tuesday, June 25th. Odeon Capital Group upgraded Goldman Sachs Group from a “hold” rating to a “buy” rating in a report on Thursday, June 20th. HSBC set a $202.00 price objective on Goldman Sachs Group and gave the company a “neutral” rating in a report on Thursday, April 4th. BMO Capital Markets upped their price objective on Goldman Sachs Group to $273.00 and gave the company a “market perform” rating in a report on Wednesday, July 17th. Finally, ValuEngine upgraded Goldman Sachs Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, May 1st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $240.92.

In other news, EVP Dane E. Holmes sold 3,165 shares of the company’s stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $212.15, for a total transaction of $671,454.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.41% of the stock is owned by insiders.

Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates in four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.

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Institutional Ownership by Quarter for Goldman Sachs Group (NYSE:GS)

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