Blair William & Co. IL Acquires 7,179 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Blair William & Co. IL grew its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 5.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 143,410 shares of the investment management company’s stock after acquiring an additional 7,179 shares during the period. Blair William & Co. IL’s holdings in The Goldman Sachs Group were worth $64,867,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Capital World Investors increased its holdings in The Goldman Sachs Group by 6.0% in the fourth quarter. Capital World Investors now owns 6,012,564 shares of the investment management company’s stock valued at $2,319,470,000 after purchasing an additional 338,181 shares during the period. Fisher Asset Management LLC increased its stake in shares of The Goldman Sachs Group by 2.8% in the fourth quarter. Fisher Asset Management LLC now owns 5,516,093 shares of the investment management company’s stock valued at $2,127,944,000 after buying an additional 150,532 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of The Goldman Sachs Group by 5.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,953,461 shares of the investment management company’s stock worth $1,910,897,000 after acquiring an additional 274,989 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of The Goldman Sachs Group by 3.0% in the first quarter. Bank of New York Mellon Corp now owns 4,895,928 shares of the investment management company’s stock worth $2,044,980,000 after acquiring an additional 141,538 shares during the period. Finally, International Assets Investment Management LLC bought a new stake in The Goldman Sachs Group in the first quarter valued at approximately $1,903,374,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on GS shares. JPMorgan Chase & Co. raised their price target on shares of The Goldman Sachs Group from $464.00 to $472.00 and gave the stock an “overweight” rating in a report on Monday, September 9th. Wells Fargo & Company lifted their target price on shares of The Goldman Sachs Group from $504.00 to $550.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 16th. Barclays upped their price target on shares of The Goldman Sachs Group from $493.00 to $565.00 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. UBS Group increased their price target on The Goldman Sachs Group from $490.00 to $535.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $500.00 price objective on shares of The Goldman Sachs Group in a research note on Tuesday, July 30th. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $496.44.

The Goldman Sachs Group Stock Up 0.0 %

Shares of NYSE GS opened at $485.39 on Wednesday. The company has a debt-to-equity ratio of 2.20, a current ratio of 0.72 and a quick ratio of 0.72. The company has a 50-day moving average price of $490.99 and a 200-day moving average price of $452.97. The stock has a market capitalization of $156.52 billion, a P/E ratio of 18.95, a P/E/G ratio of 0.73 and a beta of 1.36. The Goldman Sachs Group, Inc. has a 1 year low of $289.36 and a 1 year high of $517.26.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Monday, July 15th. The investment management company reported $8.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.52 by $0.10. The business had revenue of $12.73 billion during the quarter, compared to the consensus estimate of $12.60 billion. The Goldman Sachs Group had a return on equity of 10.56% and a net margin of 9.36%. On average, equities research analysts forecast that The Goldman Sachs Group, Inc. will post 35.5 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 30th will be given a $3.00 dividend. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $2.75. This represents a $12.00 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date is Friday, August 30th. The Goldman Sachs Group’s dividend payout ratio is presently 46.86%.

Insider Buying and Selling at The Goldman Sachs Group

In other news, Director Thomas K. Montag sold 10,000 shares of the company’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $505.04, for a total value of $5,050,400.00. Following the completion of the sale, the director now owns 12,450 shares in the company, valued at approximately $6,287,748. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Thomas K. Montag sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $505.04, for a total value of $5,050,400.00. Following the completion of the transaction, the director now directly owns 12,450 shares of the company’s stock, valued at $6,287,748. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Brian J. Lee sold 3,500 shares of the stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $505.99, for a total value of $1,770,965.00. Following the sale, the insider now directly owns 12,095 shares of the company’s stock, valued at $6,119,949.05. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

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.