The Goldman Sachs Group, Inc. $GS Shares Acquired by Cozad Asset Management Inc.

Cozad Asset Management Inc. raised its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 14.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,845 shares of the investment management company’s stock after acquiring an additional 3,019 shares during the period. The Goldman Sachs Group makes up 1.5% of Cozad Asset Management Inc.’s portfolio, making the stock its 12th biggest position. Cozad Asset Management Inc.’s holdings in The Goldman Sachs Group were worth $16,876,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of GS. Kingstone Capital Partners Texas LLC grew its stake in The Goldman Sachs Group by 617,504.5% during the second quarter. Kingstone Capital Partners Texas LLC now owns 29,058,291 shares of the investment management company’s stock worth $20,566,005,000 after buying an additional 29,053,586 shares during the period. Nuveen LLC purchased a new stake in The Goldman Sachs Group during the 1st quarter worth $897,185,000. Ninety One UK Ltd purchased a new stake in The Goldman Sachs Group during the 2nd quarter worth $408,780,000. AGF Management Ltd. increased its holdings in The Goldman Sachs Group by 2,429.6% in the 2nd quarter. AGF Management Ltd. now owns 485,375 shares of the investment management company’s stock valued at $343,524,000 after purchasing an additional 466,187 shares in the last quarter. Finally, Amundi raised its position in The Goldman Sachs Group by 13.6% in the first quarter. Amundi now owns 1,891,260 shares of the investment management company’s stock valued at $967,193,000 after purchasing an additional 225,993 shares during the period. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Performance

Shares of GS opened at $774.74 on Friday. The stock has a market capitalization of $232.37 billion, a PE ratio of 15.74, a price-to-earnings-growth ratio of 1.43 and a beta of 1.41. The business’s fifty day moving average price is $786.01 and its 200 day moving average price is $717.17. 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 12-month low of $439.38 and a 12-month high of $841.28.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results 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 net margin of 13.18% and a return on equity of 14.79%. The business had revenue of $15.18 billion during the quarter, compared to analyst estimates of $13.68 billion. During the same period in the previous year, the business posted $8.40 EPS. The company’s quarterly revenue was up 19.5% on a year-over-year basis. Equities research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd will be issued a dividend of $4.00 per share. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a $16.00 annualized dividend and a dividend yield of 2.1%. The Goldman Sachs Group’s dividend payout ratio is 32.50%.

Analysts Set New Price Targets

Several research firms recently commented on GS. Daiwa Capital Markets boosted their price target on The Goldman Sachs Group from $756.00 to $810.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of The Goldman Sachs Group from $725.00 to $790.00 and gave the stock a “hold” rating in a research report on Tuesday, September 30th. Royal Bank Of Canada reaffirmed a “neutral” rating and set a $843.00 price target on shares of The Goldman Sachs Group in a report on Tuesday, October 14th. BNP Paribas Exane boosted their price objective 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. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $750.00 price objective (up from $625.00) on shares of The Goldman Sachs Group in a research report on Tuesday, October 21st. Four analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, The Goldman Sachs Group presently has a consensus rating of “Hold” and a consensus target price of $786.00.

Insider Buying and Selling at The Goldman Sachs Group

In related news, COO John E. Waldron sold 9,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $750.51, for a total value of $6,754,590.00. Following the sale, the chief operating officer owned 106,268 shares of the company’s stock, valued at approximately $79,755,196.68. This trade represents a 7.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.55% of the company’s stock.

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.