National Pension Service Purchases 32,792 Shares of The Goldman Sachs Group, Inc. $GS

National Pension Service lifted its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 5.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 645,998 shares of the investment management company’s stock after buying an additional 32,792 shares during the quarter. National Pension Service owned about 0.21% of The Goldman Sachs Group worth $457,205,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of GS. Clal Insurance Enterprises Holdings Ltd acquired a new position in The Goldman Sachs Group during the 1st quarter worth $25,000. Dogwood Wealth Management LLC grew its position in shares of The Goldman Sachs Group by 1,800.0% in the second quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company’s stock valued at $26,000 after purchasing an additional 36 shares during the last quarter. Ridgewood Investments LLC increased its stake in shares of The Goldman Sachs Group by 45.9% in the second quarter. Ridgewood Investments LLC now owns 54 shares of the investment management company’s stock worth $38,000 after purchasing an additional 17 shares during the period. MeadowBrook Investment Advisors LLC acquired a new position in shares of The Goldman Sachs Group during the 2nd quarter worth about $39,000. Finally, Avion Wealth lifted its position in shares of The Goldman Sachs Group by 31.1% during the 2nd quarter. Avion Wealth now owns 59 shares of the investment management company’s stock worth $41,000 after purchasing an additional 14 shares during the last quarter. 71.21% of the stock is owned by institutional investors.

Insider Buying and Selling

In other The Goldman Sachs Group news, COO John E. Waldron sold 9,244 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $750.11, for a total transaction of $6,934,016.84. Following the completion of the transaction, the chief operating officer owned 115,268 shares in the company, valued at $86,463,679.48. This trade represents a 7.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.55% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

GS has been the topic of a number of research analyst reports. Wells Fargo & Company raised their target price on The Goldman Sachs Group from $785.00 to $855.00 and gave the company an “overweight” rating in a report on Tuesday, September 16th. Citigroup increased their price objective on The Goldman Sachs Group from $700.00 to $765.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $750.00 price objective (up previously from $625.00) on shares of The Goldman Sachs Group in a research note on Tuesday, October 21st. UBS Group boosted their target price on shares of The Goldman Sachs Group from $762.00 to $805.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 7th. Finally, Daiwa Capital Markets increased their price target on shares of The Goldman Sachs Group from $756.00 to $810.00 and gave the company a “neutral” rating in a report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $779.50.

The Goldman Sachs Group Stock Up 1.6%

Shares of GS stock opened at $810.21 on Wednesday. The Goldman Sachs Group, Inc. has a one year low of $439.38 and a one year high of $825.25. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.11 and a quick ratio of 0.67. The stock has a fifty day moving average price of $780.67 and a 200 day moving average price of $706.15. The stock has a market cap of $243.00 billion, a P/E ratio of 16.46, a price-to-earnings-growth ratio of 1.43 and a beta of 1.41.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.27 by $1.98. The firm had revenue of $15.18 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $8.40 EPS. Analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 2nd will be given a $4.00 dividend. This represents a $16.00 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Tuesday, December 2nd. The Goldman Sachs Group’s dividend payout ratio is 32.50%.

The Goldman Sachs Group Company 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.