Oppenheimer Asset Administration Inc. lifted its stake in The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 11.3% within the second quarter, in line with its most up-to-date Type 13F submitting with the Securities and Trade Fee (SEC). The agency owned 10,311 shares of the funding administration firm’s inventory after buying a further 1,046 shares throughout the interval. Oppenheimer Asset Administration Inc.’s holdings in The Goldman Sachs Group had been price $4,664,000 on the finish of the newest reporting interval.
Different massive buyers have additionally lately made modifications to their positions within the firm. First Private Monetary Providers purchased a brand new stake in The Goldman Sachs Group throughout the first quarter valued at $25,000. POM Funding Methods LLC purchased a brand new stake in The Goldman Sachs Group throughout the second quarter valued at $26,000. Headlands Applied sciences LLC purchased a brand new stake in The Goldman Sachs Group throughout the second quarter valued at $27,000. Versant Capital Administration Inc boosted its stake in The Goldman Sachs Group by 106.3% throughout the first quarter. Versant Capital Administration Inc now owns 66 shares of the funding administration firm’s inventory valued at $28,000 after shopping for a further 34 shares throughout the interval. Lastly, SJS Funding Consulting Inc. boosted its stake in The Goldman Sachs Group by 103.3% throughout the second quarter. SJS Funding Consulting Inc. now owns 61 shares of the funding administration firm’s inventory valued at $28,000 after shopping for a further 31 shares throughout the interval. 71.21% of the inventory is owned by institutional buyers.
The Goldman Sachs Group Inventory Up 1.0 %
GS opened at $478.99 on Monday. The corporate has a market cap of $154.46 billion, a P/E ratio of 18.70, a P/E/G ratio of 0.73 and a beta of 1.36. The enterprise’s 50-day shifting common value is $490.33 and its 200-day shifting common value is $451.61. The corporate has a present ratio of 0.72, a fast ratio of 0.72 and a debt-to-equity ratio of two.20. The Goldman Sachs Group, Inc. has a 12 month low of $289.36 and a 12 month excessive of $517.26.
The Goldman Sachs Group (NYSE:GS – Get Free Report) final introduced its quarterly earnings outcomes on Monday, July fifteenth. The funding administration firm reported $8.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.52 by $0.10. The Goldman Sachs Group had a return on fairness of 10.56% and a internet margin of 9.36%. The corporate had income of $12.73 billion for the quarter, in comparison with the consensus estimate of $12.60 billion. On common, equities analysts anticipate that The Goldman Sachs Group, Inc. will put up 35.5 EPS for the present 12 months.
The Goldman Sachs Group Will increase Dividend
The agency additionally lately declared a quarterly dividend, which shall be paid on Friday, September twenty seventh. Traders of report on Friday, August thirtieth shall be issued a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized foundation and a yield of two.51%. The ex-dividend date is Friday, August thirtieth. This is a rise from The Goldman Sachs Group’s earlier quarterly dividend of $2.75. The Goldman Sachs Group’s payout ratio is at present 46.86%.
Analysts Set New Value Targets
GS has been the topic of a number of analysis analyst stories. Citigroup lifted their value goal on The Goldman Sachs Group from $460.00 to $485.00 and gave the corporate a “impartial” score in a analysis observe on Tuesday, July sixteenth. Wells Fargo & Firm lifted their value goal on The Goldman Sachs Group from $504.00 to $550.00 and gave the inventory an “chubby” score in a analysis observe on Tuesday, July sixteenth. BMO Capital Markets lifted their value goal on The Goldman Sachs Group from $360.00 to $373.00 and gave the inventory a “market carry out” score in a analysis observe on Wednesday, July seventeenth. Morgan Stanley lifted their value goal on The Goldman Sachs Group from $513.00 to $561.00 and gave the inventory an “chubby” score in a analysis observe on Tuesday, July thirtieth. Lastly, JPMorgan Chase & Co. lifted their value goal on The Goldman Sachs Group from $464.00 to $472.00 and gave the inventory an “chubby” score in a analysis observe on Monday, September ninth. 5 analysis analysts have rated the inventory with a maintain score and fourteen have given a purchase score to the corporate. In response to information from MarketBeat, The Goldman Sachs Group presently has a median score of “Average Purchase” and a median goal value of $496.44.
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Insider Exercise at The Goldman Sachs Group
In associated information, insider Brian J. Lee offered 3,500 shares of the enterprise’s inventory in a transaction dated Tuesday, July sixteenth. The inventory was offered at a median value of $505.99, for a complete transaction of $1,770,965.00. Following the transaction, the insider now owns 12,095 shares within the firm, valued at roughly $6,119,949.05. The sale was disclosed in a doc filed with the SEC, which could be accessed via the SEC web site. In different The Goldman Sachs Group information, Director Thomas Okay. Montag offered 10,000 shares of The Goldman Sachs Group inventory in a transaction that occurred on Tuesday, July sixteenth. The inventory was offered at a median value of $505.04, for a complete transaction of $5,050,400.00. Following the sale, the director now instantly owns 12,450 shares of the corporate’s inventory, valued at roughly $6,287,748. The transaction was disclosed in a authorized submitting with the SEC, which is accessible via this hyperlink. Additionally, insider Brian J. Lee offered 3,500 shares of The Goldman Sachs Group inventory in a transaction that occurred on Tuesday, July sixteenth. The shares had been offered at a median value of $505.99, for a complete worth of $1,770,965.00. Following the sale, the insider now instantly owns 12,095 shares within the firm, valued at $6,119,949.05. The disclosure for this sale could be discovered right here. 0.54% of the inventory is owned by firm insiders.
The Goldman Sachs Group Firm Profile
The Goldman Sachs Group, Inc, a monetary establishment, supplies a spread of economic providers for companies, monetary establishments, governments, and people worldwide. It operates via World Banking & Markets, Asset & Wealth Administration, and Platform Options segments. The World Banking & Markets phase supplies monetary advisory providers, together with strategic advisory assignments associated to mergers and acquisitions, divestitures, company protection actions, restructurings, and spin-offs; and relationship lending, and acquisition financing, in addition to secured lending, via structured credit score and asset-backed lending and concerned in financing beneath securities to resale agreements.
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