Caitong International Asset Management Co. Ltd Has $219,000 Stock Position in The Goldman Sachs Group, Inc. $GS

Caitong International Asset Management Co. Ltd raised its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 30,800.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 309 shares of the investment management company’s stock after buying an additional 308 shares during the quarter. Caitong International Asset Management Co. Ltd’s holdings in The Goldman Sachs Group were worth $219,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of GS. Dogwood Wealth Management LLC boosted its stake in The Goldman Sachs Group by 1,800.0% during the second quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company’s stock worth $26,000 after acquiring an additional 36 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of The Goldman Sachs Group during the first quarter valued at about $25,000. American Capital Advisory LLC acquired a new position in shares of The Goldman Sachs Group during the first quarter valued at about $29,000. Ridgewood Investments LLC boosted its position in shares of The Goldman Sachs Group by 45.9% during the 2nd quarter. Ridgewood Investments LLC now owns 54 shares of the investment management company’s stock worth $38,000 after purchasing an additional 17 shares in the last quarter. Finally, Avion Wealth grew its stake in shares of The Goldman Sachs Group by 31.1% in the 2nd quarter. Avion Wealth now owns 59 shares of the investment management company’s stock valued at $41,000 after buying an additional 14 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Trading Up 0.9%

Shares of The Goldman Sachs Group stock opened at $751.21 on Friday. The company has a market capitalization of $227.41 billion, a P/E ratio of 15.26, a price-to-earnings-growth ratio of 1.36 and a beta of 1.42. The stock has a fifty day simple moving average of $766.49 and a 200 day simple moving average of $676.63. The Goldman Sachs Group, Inc. has a 12-month low of $439.38 and a 12-month high of $825.25. The company has a current ratio of 1.11, a quick ratio of 0.67 and a debt-to-equity ratio of 2.23.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Tuesday, October 14th. The investment management company reported $12.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.27 by $1.98. The firm had revenue of $11.33 billion for the quarter, compared to the consensus estimate of $13.68 billion. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 14.79%. The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $8.40 EPS. On average, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd will be given a $4.00 dividend. This represents a $16.00 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Tuesday, December 2nd. The Goldman Sachs Group’s dividend payout ratio is presently 32.50%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. HSBC upped their price target on The Goldman Sachs Group from $652.00 to $677.00 in a research note on Thursday, October 2nd. BNP Paribas Exane upped their target price on The Goldman Sachs Group from $685.00 to $775.00 and gave the stock a “neutral” rating in a research report on Friday, October 17th. Deutsche Bank Aktiengesellschaft increased their target price on The Goldman Sachs Group from $725.00 to $790.00 and gave the stock a “hold” rating in a report on Tuesday, September 30th. JPMorgan Chase & Co. restated a “neutral” rating and set a $750.00 price target (up previously from $625.00) on shares of The Goldman Sachs Group in a research note on Tuesday. Finally, Royal Bank Of Canada reaffirmed a “neutral” rating and issued a $843.00 price objective on shares of The Goldman Sachs Group in a research note on Tuesday, October 14th. Three analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $779.50.

Insider Buying and Selling

In other The Goldman Sachs Group news, COO John E. Waldron sold 9,000 shares of The Goldman Sachs Group stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $750.51, for a total transaction of $6,754,590.00. Following the transaction, the chief operating officer owned 106,268 shares of the company’s stock, valued at $79,755,196.68. This trade represents a 7.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Profile

The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.