Envestnet Asset Administration Inc. grew its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 14.7% through the 2nd quarter, in response to its most up-to-date 13F submitting with the SEC. The institutional investor owned 429,728 shares of the funding administration firm’s inventory after buying an extra 55,005 shares through the interval. Envestnet Asset Administration Inc. owned roughly 0.13% of The Goldman Sachs Group price $194,375,000 on the finish of the latest reporting interval.
A number of different institutional buyers additionally lately made adjustments to their positions in GS. Aveo Capital Companions LLC boosted its place in shares of The Goldman Sachs Group by 8.2% through the 4th quarter. Aveo Capital Companions LLC now owns 697 shares of the funding administration firm’s inventory price $269,000 after buying an extra 53 shares within the final quarter. Kingsview Wealth Administration LLC boosted its place in shares of The Goldman Sachs Group by 1.7% through the 4th quarter. Kingsview Wealth Administration LLC now owns 3,699 shares of the funding administration firm’s inventory price $1,427,000 after buying an extra 62 shares within the final quarter. Monetary Advocates Funding Administration boosted its place in shares of The Goldman Sachs Group by 7.3% through the 4th quarter. Monetary Advocates Funding Administration now owns 1,918 shares of the funding administration firm’s inventory price $740,000 after buying an extra 130 shares within the final quarter. Norges Financial institution acquired a brand new place in shares of The Goldman Sachs Group through the 4th quarter price $1,120,119,000. Lastly, Clearbridge Investments LLC raised its stake in shares of The Goldman Sachs Group by 1.1% through the 4th quarter. Clearbridge Investments LLC now owns 189,162 shares of the funding administration firm’s inventory price $72,973,000 after shopping for an extra 1,998 shares over the last quarter. 71.21% of the inventory is at present owned by hedge funds and different institutional buyers.
Analyst Upgrades and Downgrades
A number of analysis companies have lately issued experiences on GS. Keefe, Bruyette & Woods lifted their value goal on The Goldman Sachs Group from $485.00 to $520.00 and gave the inventory an “outperform” ranking in a analysis notice on Thursday, June twenty seventh. Barclays boosted their goal value on shares of The Goldman Sachs Group from $493.00 to $565.00 and gave the corporate an “obese” ranking in a analysis notice on Tuesday, July sixteenth. UBS Group boosted their goal value on shares of The Goldman Sachs Group from $490.00 to $535.00 and gave the corporate a “purchase” ranking in a analysis notice on Tuesday, July ninth. Morgan Stanley boosted their goal value on shares of The Goldman Sachs Group from $513.00 to $561.00 and gave the corporate an “obese” ranking in a analysis notice on Tuesday, July thirtieth. Lastly, Seaport Res Ptn downgraded shares of The Goldman Sachs Group from a “strong-buy” ranking to a “maintain” ranking in a analysis notice on Tuesday, July 2nd. 5 analysis analysts have rated the inventory with a maintain ranking and fourteen have given a purchase ranking to the inventory. In keeping with MarketBeat, the inventory presently has a mean ranking of “Reasonable Purchase” and a mean goal value of $496.44.
Insider Transactions at The Goldman Sachs Group
In different information, Director Thomas Okay. Montag bought 10,000 shares of the enterprise’s inventory in a transaction dated Tuesday, July sixteenth. The inventory was bought at a mean value of $505.04, for a complete transaction of $5,050,400.00. Following the completion of the sale, the director now owns 12,450 shares within the firm, valued at roughly $6,287,748. The sale was disclosed in a doc filed with the Securities & Alternate Fee, which could be accessed by the SEC web site. In different The Goldman Sachs Group information, insider Brian J. Lee bought 3,500 shares of the corporate’s inventory in a transaction that occurred on Tuesday, July sixteenth. The inventory was bought at a mean value of $505.99, for a complete worth of $1,770,965.00. Following the completion of the transaction, the insider now owns 12,095 shares within the firm, valued at roughly $6,119,949.05. The transaction was disclosed in a doc filed with the SEC, which could be accessed by this hyperlink. Additionally, Director Thomas Okay. Montag bought 10,000 shares of the corporate’s inventory in a transaction that occurred on Tuesday, July sixteenth. The inventory was bought at a mean value of $505.04, for a complete worth of $5,050,400.00. Following the completion of the transaction, the director now owns 12,450 shares of the corporate’s inventory, valued at roughly $6,287,748. The disclosure for this sale could be discovered right here. Firm insiders personal 0.54% of the corporate’s inventory.
The Goldman Sachs Group Buying and selling Up 1.0 %
NYSE GS opened at $478.99 on Monday. The corporate has a debt-to-equity ratio of two.20, a present ratio of 0.72 and a fast ratio of 0.72. The Goldman Sachs Group, Inc. has a 12 month low of $289.36 and a 12 month excessive of $517.26. 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 corporate has a 50-day transferring common of $490.33 and a 200-day transferring common of $451.61.
The Goldman Sachs Group (NYSE:GS – Get Free Report) final issued its earnings outcomes on Monday, July fifteenth. The funding administration firm reported $8.62 earnings per share (EPS) for the quarter, topping 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 enterprise had income of $12.73 billion through the quarter, in comparison with analysts’ expectations of $12.60 billion. As a gaggle, equities analysts predict that The Goldman Sachs Group, Inc. will submit 35.5 earnings per share for the present yr.
The Goldman Sachs Group Will increase Dividend
The corporate additionally lately introduced a quarterly dividend, which might be paid on Friday, September twenty seventh. Stockholders of document on Friday, August thirtieth might be issued a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, August thirtieth. This represents a $12.00 dividend on an annualized foundation and a dividend yield of two.51%. It is a enhance from The Goldman Sachs Group’s earlier quarterly dividend of $2.75. The Goldman Sachs Group’s payout ratio is presently 46.86%.
About The Goldman Sachs Group
The Goldman Sachs Group, Inc, a monetary establishment, supplies a variety of economic companies for companies, monetary establishments, governments, and people worldwide. It operates by World Banking & Markets, Asset & Wealth Administration, and Platform Options segments. The World Banking & Markets phase supplies monetary advisory companies, 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, by structured credit score and asset-backed lending and concerned in financing beneath securities to resale agreements.
See Additionally
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