HL Financial Services LLC Boosts Stake in Goldman Sachs Group Inc (GS)

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HL Financial Services LLC raised its stake in Goldman Sachs Group Inc (NYSE:GS) by 9.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,253 shares of the investment management company’s stock after acquiring an additional 1,977 shares during the quarter. HL Financial Services LLC’s holdings in Goldman Sachs Group were worth $4,990,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC increased its stake in shares of Goldman Sachs Group by 7,719.0% in the second quarter. Moneta Group Investment Advisors LLC now owns 23,457 shares of the investment management company’s stock valued at $104,000 after buying an additional 23,157 shares during the period. Zions Bancorporation acquired a new stake in Goldman Sachs Group during the 2nd quarter valued at approximately $109,000. Palo Capital Inc. acquired a new stake in Goldman Sachs Group during the 3rd quarter valued at approximately $109,000. First Mercantile Trust Co. acquired a new stake in Goldman Sachs Group during the 2nd quarter valued at approximately $110,000. Finally, Asset Advisors Investment Management LLC acquired a new stake in Goldman Sachs Group during the 3rd quarter valued at approximately $115,000. 71.32% of the stock is owned by hedge funds and other institutional investors.

Shares of GS stock opened at $228.20 on Wednesday. The company has a market cap of $86.72 billion, a PE ratio of 11.55, a P/E/G ratio of 0.75 and a beta of 1.15. Goldman Sachs Group Inc has a 52 week low of $208.40 and a 52 week high of $275.31. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.90 and a quick ratio of 0.90.

Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Tuesday, October 16th. The investment management company reported $6.28 EPS for the quarter, topping the consensus estimate of $5.38 by $0.90. The company had revenue of $8.65 billion during the quarter, compared to the consensus estimate of $8.43 billion. Goldman Sachs Group had a net margin of 16.68% and a return on equity of 13.57%. The company’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the firm posted $5.02 EPS. On average, sell-side analysts expect that Goldman Sachs Group Inc will post 25.32 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, November 30th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend is Thursday, November 29th. Goldman Sachs Group’s dividend payout ratio is currently 16.19%.

GS has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reissued a “buy” rating and set a $285.00 target price on shares of Goldman Sachs Group in a research report on Monday, September 10th. Wells Fargo & Co reissued a “buy” rating on shares of Goldman Sachs Group in a research report on Thursday, September 20th. Credit Suisse Group raised shares of Goldman Sachs Group from a “neutral” rating to an “outperform” rating in a research report on Tuesday, July 17th. Zacks Investment Research downgraded shares of Goldman Sachs Group from a “buy” rating to a “hold” rating in a research report on Wednesday, September 12th. Finally, Oppenheimer increased their target price on shares of Goldman Sachs Group from $304.00 to $335.00 and gave the company an “outperform” rating in a research report on Wednesday, July 18th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company’s stock. Goldman Sachs Group presently has a consensus rating of “Hold” and an average price target of $281.84.

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Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through 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.

Further Reading: How can you know how many shares are floating?

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

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