Simon Quick Advisors LLC Boosts Stake in The Goldman Sachs Group, Inc. $GS

Simon Quick Advisors LLC raised its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 12.5% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 3,626 shares of the investment management company’s stock after purchasing an additional 404 shares during the period. Simon Quick Advisors LLC’s holdings in The Goldman Sachs Group were worth $2,567,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board increased its stake 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 worth $286,418,000 after purchasing an additional 116,535 shares during the last quarter. Clear Creek Financial Management LLC purchased a new stake in shares of The Goldman Sachs Group during the 1st quarter worth approximately $321,000. Blueshift Asset Management LLC increased its stake in shares of The Goldman Sachs Group by 161.8% during the 1st quarter. Blueshift Asset Management LLC now owns 1,055 shares of the investment management company’s stock worth $576,000 after purchasing an additional 652 shares during the last quarter. Jump Financial LLC purchased a new stake in shares of The Goldman Sachs Group during the 1st quarter worth approximately $9,596,000. Finally, Strategic Blueprint LLC increased its stake in shares of The Goldman Sachs Group by 15.2% during the 1st quarter. Strategic Blueprint LLC now owns 3,271 shares of the investment management company’s stock worth $1,787,000 after purchasing an additional 432 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Analyst Ratings Changes

GS has been the subject of several research analyst reports. UBS Group raised their price target on shares of The Goldman Sachs Group from $762.00 to $805.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 7th. Hsbc Global Res lowered shares of The Goldman Sachs Group from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, July 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of The Goldman Sachs Group in a research note on Wednesday, October 8th. JMP Securities reiterated a “market perform” rating and issued a $600.00 price objective on shares of The Goldman Sachs Group in a research note on Monday, July 14th. Finally, HSBC lifted their price objective on shares of The Goldman Sachs Group from $652.00 to $677.00 in a research note on Thursday, October 2nd. Three research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, The Goldman Sachs Group has an average rating of “Hold” and an average price target of $779.50.

The Goldman Sachs Group Stock Up 0.7%

GS opened at $788.83 on Friday. The company has a fifty day moving average price of $772.90 and a 200-day moving average price of $688.24. The firm has a market capitalization of $238.79 billion, a P/E ratio of 16.02, a price-to-earnings-growth ratio of 1.43 and a beta of 1.42. 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 Goldman Sachs Group, Inc. has a one year low of $439.38 and a one year high of $825.25.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Tuesday, October 14th. The investment management company reported $12.25 EPS for the quarter, beating analysts’ consensus estimates of $10.27 by $1.98. The firm had revenue of $11.33 billion during 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 period in the previous year, the business earned $8.40 EPS. 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 declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd will be given a dividend of $4.00 per share. This represents a $16.00 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Tuesday, December 2nd. The Goldman Sachs Group’s payout ratio is 32.50%.

Insider Activity at The Goldman Sachs Group

In other news, COO John E. Waldron sold 9,244 shares of the business’s stock in a transaction on 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 directly owned 115,268 shares in the company, valued at $86,463,679.48. The trade was a 7.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.55% of the stock is owned by company insiders.

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.