The Goldman Sachs Group, Inc. $GS Position Boosted by Schroder Investment Management Group

Schroder Investment Management Group boosted its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 190,896 shares of the investment management company’s stock after buying an additional 2,661 shares during the quarter. Schroder Investment Management Group owned approximately 0.06% of The Goldman Sachs Group worth $135,107,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of GS. Colonial Trust Advisors lifted its holdings in The Goldman Sachs Group by 0.6% during the 2nd quarter. Colonial Trust Advisors now owns 27,232 shares of the investment management company’s stock worth $19,274,000 after buying an additional 174 shares during the last quarter. Norges Bank acquired a new stake in shares of The Goldman Sachs Group during the 2nd quarter valued at approximately $2,138,031,000. Laidlaw Wealth Management LLC lifted its stake in The Goldman Sachs Group by 8.7% during the second quarter. Laidlaw Wealth Management LLC now owns 473 shares of the investment management company’s stock worth $335,000 after purchasing an additional 38 shares during the last quarter. Scotia Capital Inc. lifted its stake in The Goldman Sachs Group by 8.6% during the second quarter. Scotia Capital Inc. now owns 66,280 shares of the investment management company’s stock worth $46,909,000 after purchasing an additional 5,250 shares during the last quarter. Finally, Level Four Advisory Services LLC boosted its holdings in The Goldman Sachs Group by 0.9% in the second quarter. Level Four Advisory Services LLC now owns 16,406 shares of the investment management company’s stock worth $11,612,000 after purchasing an additional 152 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on GS shares. BNP Paribas Exane increased their target price on shares of The Goldman Sachs Group from $685.00 to $775.00 and gave the stock a “neutral” rating in a report on Friday, October 17th. Dbs Bank increased their price objective on shares of The Goldman Sachs Group from $800.00 to $890.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Zacks Research cut shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 16th. UBS Group lifted their target price on The Goldman Sachs Group from $762.00 to $805.00 and gave the company a “neutral” rating in a research note on Tuesday, October 7th. Finally, Morgan Stanley dropped their price target on The Goldman Sachs Group from $854.00 to $828.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 15th. Four equities research 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’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $786.00.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS opened at $826.51 on Friday. The firm’s 50 day moving average is $787.51 and its two-hundred day moving average is $726.53. The Goldman Sachs Group, Inc. has a 52 week low of $439.38 and a 52 week high of $841.28. The firm has a market capitalization of $247.89 billion, a P/E ratio of 16.79, a PEG ratio of 1.43 and a beta of 1.41. 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 issued its quarterly earnings data on Tuesday, October 14th. The investment management company reported $12.25 earnings per share (EPS) for the quarter, topping 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 business had revenue of $15.18 billion during the quarter, compared to the consensus estimate of $13.68 billion. During the same period in the previous year, the firm posted $8.40 earnings per share. The business’s revenue was up 19.5% on a year-over-year basis. Analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders 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 yield of 1.9%. The ex-dividend date is Tuesday, December 2nd. The Goldman Sachs Group’s payout ratio is 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.