Livforsakringsbolaget Skandia Omsesidigt Grows Stock Holdings in The Goldman Sachs Group, Inc. $GS

Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 98.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,345 shares of the investment management company’s stock after buying an additional 32,489 shares during the period. The Goldman Sachs Group makes up 0.1% of Livforsakringsbolaget Skandia Omsesidigt’s investment portfolio, making the stock its 19th biggest holding. Livforsakringsbolaget Skandia Omsesidigt’s holdings in The Goldman Sachs Group were worth $46,248,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Canada Pension Plan Investment Board grew its position in shares of The Goldman Sachs Group by 28.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 524,296 shares of the investment management company’s stock valued at $286,418,000 after purchasing an additional 116,535 shares in the last quarter. Clear Creek Financial Management LLC purchased a new position in The Goldman Sachs Group in the first quarter worth $321,000. Blueshift Asset Management LLC grew its position in The Goldman Sachs Group by 161.8% in the first quarter. Blueshift Asset Management LLC now owns 1,055 shares of the investment management company’s stock worth $576,000 after acquiring an additional 652 shares in the last quarter. Adams Diversified Equity Fund Inc. grew its position in The Goldman Sachs Group by 41.5% in the first quarter. Adams Diversified Equity Fund Inc. now owns 49,800 shares of the investment management company’s stock worth $27,205,000 after acquiring an additional 14,600 shares in the last quarter. Finally, Terra Nova Asset Management LLC purchased a new position in The Goldman Sachs Group in the first quarter worth $1,643,000. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at The Goldman Sachs Group

In related news, COO John E. Waldron sold 9,244 shares of the stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $750.11, for a total value of $6,934,016.84. Following the completion of the transaction, the chief operating officer directly owned 115,268 shares of the company’s stock, valued at $86,463,679.48. This represents a 7.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John F.W. Rogers sold 6,008 shares of the stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $717.39, for a total transaction of $4,310,079.12. Following the completion of the transaction, the executive vice president directly owned 65,761 shares of the company’s stock, valued at approximately $47,176,283.79. The trade was a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,323 shares of company stock valued at $28,111,828 in the last three months. Corporate insiders own 0.55% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on GS shares. Evercore ISI set a $715.00 target price on shares of The Goldman Sachs Group and gave the stock an “outperform” rating in a research report on Thursday, July 10th. Keefe, Bruyette & Woods upped their target price on shares of The Goldman Sachs Group from $771.00 to $790.00 and gave the stock a “market perform” rating in a research report on Thursday, July 17th. Royal Bank Of Canada reissued a “sector perform” rating on shares of The Goldman Sachs Group in a research note on Thursday, July 10th. Zacks Research raised shares of The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 15th. Finally, Morgan Stanley boosted their price target on shares of The Goldman Sachs Group from $680.00 to $715.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $660.00.

The Goldman Sachs Group Stock Performance

Shares of NYSE:GS opened at $787.29 on Tuesday. The company has a market cap of $238.33 billion, a price-to-earnings ratio of 17.35, a price-to-earnings-growth ratio of 1.64 and a beta of 1.41. The company has a 50-day moving average price of $730.38 and a 200-day moving average price of $632.90. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.57. The Goldman Sachs Group, Inc. has a 12 month low of $439.38 and a 12 month high of $793.17.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Wednesday, July 16th. The investment management company reported $10.91 EPS for the quarter, beating the consensus estimate of $9.82 by $1.09. The firm had revenue of $14.58 billion during the quarter, compared to the consensus estimate of $13.53 billion. The Goldman Sachs Group had a net margin of 12.37% and a return on equity of 14.32%. The company’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $8.62 earnings per share. As a group, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, August 29th will be paid a $4.00 dividend. The ex-dividend date of this dividend is Friday, August 29th. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $3.00. This represents a $16.00 dividend on an annualized basis and a yield of 2.0%. The Goldman Sachs Group’s payout ratio is currently 35.26%.

About The Goldman Sachs Group

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.