Nvwm LLC increased its holdings in shares of Goldman Sachs Group Inc (NYSE:GS) by 13.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 2,434 shares of the investment management company’s stock after acquiring an additional 291 shares during the period. Nvwm LLC’s holdings in Goldman Sachs Group were worth $498,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of GS. Alera Investment Advisors LLC raised its position in Goldman Sachs Group by 71.8% during the 1st quarter. Alera Investment Advisors LLC now owns 146 shares of the investment management company’s stock valued at $28,000 after purchasing an additional 61 shares in the last quarter. Next Capital Management LLC bought a new stake in Goldman Sachs Group during the 2nd quarter valued at $28,000. Motco raised its position in Goldman Sachs Group by 146.7% during the 2nd quarter. Motco now owns 148 shares of the investment management company’s stock valued at $30,000 after purchasing an additional 88 shares in the last quarter. CNB Bank raised its position in Goldman Sachs Group by 108.4% during the 1st quarter. CNB Bank now owns 173 shares of the investment management company’s stock valued at $33,000 after purchasing an additional 90 shares in the last quarter. Finally, Tortoise Investment Management LLC raised its position in Goldman Sachs Group by 1,153.8% during the 2nd quarter. Tortoise Investment Management LLC now owns 163 shares of the investment management company’s stock valued at $33,000 after purchasing an additional 150 shares in the last quarter. 68.78% of the stock is owned by hedge funds and other institutional investors.
GS stock traded down $2.42 on Tuesday, hitting $197.23. 90,911 shares of the company’s stock were exchanged, compared to its average volume of 2,031,773. Goldman Sachs Group Inc has a 12-month low of $151.70 and a 12-month high of $245.08. The firm has a 50 day moving average price of $208.68 and a two-hundred day moving average price of $200.26. The company has a debt-to-equity ratio of 2.78, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market cap of $72.07 billion, a P/E ratio of 7.80, a price-to-earnings-growth ratio of 0.72 and a beta of 1.32.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 30th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.54%. The ex-dividend date is Thursday, August 29th. This is an increase from Goldman Sachs Group’s previous quarterly dividend of $0.85. Goldman Sachs Group’s payout ratio is presently 13.45%.
GS has been the subject of a number of research analyst reports. TheStreet raised Goldman Sachs Group from a “c+” rating to a “b” rating in a research report on Tuesday, August 6th. ValuEngine raised Goldman Sachs Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 1st. BMO Capital Markets boosted their price target on Goldman Sachs Group to $273.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 17th. Zacks Investment Research raised Goldman Sachs Group from a “sell” rating to a “hold” rating and set a $207.00 price target for the company in a research report on Tuesday, June 25th. Finally, Deutsche Bank reissued a “buy” rating on shares of Goldman Sachs Group in a research report on Friday, June 28th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $240.92.
In other Goldman Sachs Group news, EVP Dane E. Holmes sold 3,165 shares of the business’s stock in a transaction dated 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 filing with the SEC, which is accessible through this hyperlink. 1.41% of the stock is currently 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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