Profund Advisors LLC Increases Stock Holdings in Goldman Sachs Group Inc (NYSE:GS)

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Profund Advisors LLC boosted its position in shares of Goldman Sachs Group Inc (NYSE:GS) by 25.4% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 14,962 shares of the investment management company’s stock after acquiring an additional 3,030 shares during the quarter. Profund Advisors LLC’s holdings in Goldman Sachs Group were worth $3,061,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of GS. Alera Investment Advisors LLC grew its position in shares of Goldman Sachs Group by 71.8% in the first 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 acquired a new position in Goldman Sachs Group in the second quarter valued at approximately $28,000. Motco lifted its holdings in Goldman Sachs Group by 146.7% in the second quarter. Motco now owns 148 shares of the investment management company’s stock valued at $30,000 after acquiring an additional 88 shares during the last quarter. Tortoise Investment Management LLC lifted its stake in Goldman Sachs Group by 1,153.8% during the second quarter. Tortoise Investment Management LLC now owns 163 shares of the investment management company’s stock worth $33,000 after purchasing an additional 150 shares in the last quarter. Finally, Trustcore Financial Services LLC lifted its stake in Goldman Sachs Group by 120.0% during the second quarter. Trustcore Financial Services LLC now owns 220 shares of the investment management company’s stock worth $45,000 after purchasing an additional 120 shares in the last quarter. 69.17% of the stock is owned by institutional investors and hedge funds.

Shares of GS stock traded up $1.67 during midday trading on Friday, reaching $220.41. 252,264 shares of the company traded hands, compared to its average volume of 1,793,145. The firm’s 50 day simple moving average is $206.50 and its two-hundred day simple moving average is $201.07. Goldman Sachs Group Inc has a 1-year low of $151.70 and a 1-year high of $238.52. The company has a debt-to-equity ratio of 2.78, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market cap of $77.53 billion, a PE ratio of 8.73, a price-to-earnings-growth ratio of 0.79 and a beta of 1.34.

Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Tuesday, July 16th. The investment management company reported $5.81 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $4.73 by $1.08. Goldman Sachs Group had a net margin of 22.09% and a return on equity of 12.43%. The company had revenue of $9.46 billion during the quarter, compared to the consensus estimate of $8.88 billion. During the same period last year, the firm earned $5.98 EPS. The company’s revenue for the quarter was up .6% on a year-over-year basis. As a group, research analysts anticipate that Goldman Sachs Group Inc will post 22.81 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be paid a dividend of $1.25 per share. The ex-dividend date is Thursday, August 29th. This is a boost from Goldman Sachs Group’s previous quarterly dividend of $0.85. This represents a $5.00 annualized dividend and a dividend yield of 2.27%. Goldman Sachs Group’s payout ratio is currently 19.79%.

GS has been the topic of several analyst reports. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $240.00 price objective on shares of Goldman Sachs Group in a research note on Wednesday, July 17th. Royal Bank of Canada reissued a “neutral” rating and issued a $220.00 target price on shares of Goldman Sachs Group in a report on Tuesday, July 16th. Zacks Investment Research raised 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 lowered Goldman Sachs Group from a “buy” rating to a “hold” rating in a report on Thursday, September 5th. Finally, TheStreet raised Goldman Sachs Group from a “c+” rating to a “b” rating in a report on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company’s stock. Goldman Sachs Group currently has an average rating of “Hold” and a consensus price target of $240.92.

In other news, EVP Dane E. Holmes sold 3,165 shares of the business’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $212.15, for a total transaction of $671,454.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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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