The Goldman Sachs Group, Inc. $GS Stock Holdings Boosted by Bailard Inc.

Bailard Inc. lifted its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 123.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,107 shares of the investment management company’s stock after buying an additional 2,269 shares during the period. Bailard Inc.’s holdings in The Goldman Sachs Group were worth $2,907,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Dogwood Wealth Management LLC boosted its position in shares of The Goldman Sachs Group by 1,800.0% during the 2nd 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 in the last quarter. Clal Insurance Enterprises Holdings Ltd acquired a new stake in The Goldman Sachs Group during the first quarter valued at approximately $25,000. Ridgewood Investments LLC boosted its holdings in The Goldman Sachs Group by 45.9% during the second quarter. Ridgewood Investments LLC now owns 54 shares of the investment management company’s stock worth $38,000 after buying an additional 17 shares in the last quarter. MeadowBrook Investment Advisors LLC acquired a new position in The Goldman Sachs Group in the second quarter worth approximately $39,000. Finally, Avion Wealth increased its holdings in shares of The Goldman Sachs Group by 31.1% in the second quarter. Avion Wealth now owns 59 shares of the investment management company’s stock valued at $41,000 after buying an additional 14 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on GS shares. HSBC raised their price objective on The Goldman Sachs Group from $652.00 to $677.00 in a research note on Thursday, October 2nd. Evercore ISI increased their price target on The Goldman Sachs Group from $752.00 to $830.00 and gave the company an “outperform” rating in a research report on Tuesday, September 30th. Royal Bank Of Canada reissued a “neutral” rating and issued a $843.00 price target on shares of The Goldman Sachs Group in a research note on Tuesday, October 14th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of The Goldman Sachs Group in a research note on Wednesday, October 8th. Finally, Morgan Stanley dropped their target price on shares of 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. Three investment 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $779.50.

The Goldman Sachs Group Stock Performance

Shares of GS opened at $838.80 on Thursday. The company has a market capitalization of $251.58 billion, a PE ratio of 17.04, a PEG ratio of 1.43 and a beta of 1.41. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.67 and a current ratio of 1.11. The company’s 50 day moving average price is $782.87 and its 200 day moving average price is $707.08. The Goldman Sachs Group, Inc. has a 52 week low of $439.38 and a 52 week high of $840.00.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $15.18 billion during the quarter, compared to the consensus estimate of $13.68 billion. During the same quarter in the prior year, the firm earned $8.40 EPS. The company’s revenue was up 19.5% compared to the same quarter last year. Research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd will be paid a $4.00 dividend. The ex-dividend date is Tuesday, December 2nd. This represents a $16.00 dividend on an annualized basis and a yield of 1.9%. The Goldman Sachs Group’s payout ratio is 32.50%.

Insiders Place Their Bets

In other news, COO John E. Waldron sold 9,244 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $750.11, for a total transaction of $6,934,016.84. Following the completion of the sale, the chief operating officer directly owned 115,268 shares of the company’s stock, valued at $86,463,679.48. This trade represents 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 hyperlink. 0.55% of the stock is currently owned by 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.