Groupama Asset Managment Has $2.19 Million Position in The Goldman Sachs Group, Inc. $GS

Groupama Asset Managment cut its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 28.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,164 shares of the investment management company’s stock after selling 1,246 shares during the quarter. Groupama Asset Managment’s holdings in The Goldman Sachs Group were worth $2,186,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of GS. State Board of Administration of Florida Retirement System lifted its stake in The Goldman Sachs Group by 1.2% in the second quarter. State Board of Administration of Florida Retirement System now owns 296,192 shares of the investment management company’s stock valued at $209,630,000 after buying an additional 3,503 shares in the last quarter. Korea Investment CORP raised its holdings in shares of The Goldman Sachs Group by 7.4% during the second quarter. Korea Investment CORP now owns 270,680 shares of the investment management company’s stock worth $191,574,000 after acquiring an additional 18,657 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new stake in The Goldman Sachs Group in the 2nd quarter valued at $1,557,000. Elevation Point Wealth Partners LLC boosted its stake in The Goldman Sachs Group by 1.4% in the 2nd quarter. Elevation Point Wealth Partners LLC now owns 5,386 shares of the investment management company’s stock worth $3,812,000 after purchasing an additional 74 shares during the period. Finally, GM Advisory Group LLC boosted its stake in The Goldman Sachs Group by 642.3% in the 2nd quarter. GM Advisory Group LLC now owns 4,142 shares of the investment management company’s stock worth $2,932,000 after purchasing an additional 3,584 shares during the period. 71.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

GS has been the topic of several recent research reports. BNP Paribas Exane lifted their price target on The Goldman Sachs Group from $685.00 to $775.00 and gave the company a “neutral” rating in a research note on Friday, October 17th. BMO Capital Markets began coverage on The Goldman Sachs Group in a report on Friday, October 3rd. They set a “market perform” rating and a $785.00 price objective for the company. Weiss Ratings reissued a “hold (c)” rating on shares of The Goldman Sachs Group in a research report on Tuesday. JPMorgan Chase & Co. reaffirmed 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 report on Tuesday, October 21st. Finally, Evercore ISI raised their price target on shares of The Goldman Sachs Group from $752.00 to $830.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 30th. Four investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $786.00.

The Goldman Sachs Group Stock Up 1.3%

NYSE:GS opened at $826.51 on Friday. The Goldman Sachs Group, Inc. has a twelve month low of $439.38 and a twelve month high of $841.28. The firm has a market capitalization of $247.89 billion, a price-to-earnings ratio of 16.79, a price-to-earnings-growth ratio of 1.43 and a beta of 1.41. The company has a quick ratio of 0.67, a current ratio of 1.11 and a debt-to-equity ratio of 2.23. The stock’s 50 day moving average price is $787.51 and its two-hundred day moving average price is $725.68.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Tuesday, October 14th. The investment management company reported $12.25 EPS for the quarter, beating the consensus estimate of $10.27 by $1.98. The Goldman Sachs Group had a return on equity of 14.79% and a net margin of 13.18%.The company had revenue of $15.18 billion during the quarter, compared to the consensus estimate of $13.68 billion. During the same quarter in the prior year, the firm posted $8.40 EPS. The firm’s revenue for the quarter was up 19.5% compared to the same quarter last year. Equities research analysts expect 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. Stockholders of record on Tuesday, December 2nd will be paid a dividend of $4.00 per share. The ex-dividend date is Tuesday, December 2nd. This represents a $16.00 annualized dividend and a dividend yield of 1.9%. The Goldman Sachs Group’s payout ratio is currently 32.50%.

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.