North Point Portfolio Managers Corp OH Grows Holdings in Goldman Sachs Group Inc (NYSE:GS)

North Point Portfolio Managers Corp OH raised its position in Goldman Sachs Group Inc (NYSE:GS) by 0.1% in the second quarter, Holdings Channel reports. The institutional investor owned 59,255 shares of the investment management company’s stock after purchasing an additional 78 shares during the period. Goldman Sachs Group accounts for about 2.2% of North Point Portfolio Managers Corp OH’s portfolio, making the stock its 24th largest position. North Point Portfolio Managers Corp OH’s holdings in Goldman Sachs Group were worth $12,124,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. FARMERS & MERCHANTS TRUST Co OF LONG BEACH grew its position in shares of Goldman Sachs Group by 1.6% in the second quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 3,093 shares of the investment management company’s stock valued at $633,000 after purchasing an additional 48 shares during the period. Evolution Wealth Advisors LLC grew its position in shares of Goldman Sachs Group by 12.3% in the second quarter. Evolution Wealth Advisors LLC now owns 449 shares of the investment management company’s stock valued at $92,000 after purchasing an additional 49 shares during the period. Savant Capital LLC grew its position in shares of Goldman Sachs Group by 3.0% in the first quarter. Savant Capital LLC now owns 1,731 shares of the investment management company’s stock valued at $332,000 after purchasing an additional 50 shares during the period. Telos Capital Management Inc. grew its position in shares of Goldman Sachs Group by 2.6% in the first quarter. Telos Capital Management Inc. now owns 2,020 shares of the investment management company’s stock valued at $388,000 after purchasing an additional 52 shares during the period. Finally, Kistler Tiffany Companies LLC grew its position in shares of Goldman Sachs Group by 5.1% in the second quarter. Kistler Tiffany Companies LLC now owns 1,063 shares of the investment management company’s stock valued at $217,000 after purchasing an additional 52 shares during the period. 69.54% of the stock is owned by institutional investors.

Several analysts have recently issued reports on the stock. BMO Capital Markets lifted their target price on shares of Goldman Sachs Group to $273.00 and gave the company a “market perform” rating in a research report on Wednesday, July 17th. Deutsche Bank reiterated a “buy” rating on shares of Goldman Sachs Group in a research report on Friday, June 28th. Odeon Capital Group upgraded shares of Goldman Sachs Group from a “hold” rating to a “buy” rating in a research report on Thursday, June 20th. Zacks Investment Research upgraded shares of Goldman Sachs Group from a “sell” rating to a “hold” rating and set a $207.00 target price on the stock in a research report on Tuesday, June 25th. Finally, JPMorgan Chase & Co. restated a “buy” rating and set a $240.00 price target on shares of Goldman Sachs Group in a research report on Wednesday, July 17th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $240.92.

In related news, EVP Dane E. Holmes sold 3,165 shares of the business’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $212.15, for a total transaction of $671,454.75. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.41% of the company’s stock.

GS traded up $3.66 on Friday, reaching $199.84. 130,332 shares of the company’s stock were exchanged, compared to its average volume of 2,334,167. The stock has a market cap of $73.39 billion, a PE ratio of 7.90, a P/E/G ratio of 0.75 and a beta of 1.32. Goldman Sachs Group Inc has a twelve month low of $151.70 and a twelve month high of $245.08. The stock’s fifty day moving average price is $209.98 and its 200-day moving average price is $200.19. The company has a debt-to-equity ratio of 2.78, a current ratio of 0.85 and a quick ratio of 0.85.

Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Tuesday, July 16th. The investment management company reported $5.81 earnings per share for the quarter, topping analysts’ consensus estimates of $4.73 by $1.08. The firm had revenue of $9.46 billion for the quarter, compared to analyst estimates of $8.88 billion. Goldman Sachs Group had a net margin of 22.09% and a return on equity of 12.43%. Goldman Sachs Group’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the business posted $5.98 earnings per share. As a group, research analysts predict that Goldman Sachs Group Inc will post 22.8 earnings per share for the current fiscal year.

The firm 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 dividend of $1.25 per share. The ex-dividend date of this dividend is Thursday, August 29th. This is a positive change from Goldman Sachs Group’s previous quarterly dividend of $0.85. This represents a $5.00 dividend on an annualized basis and a yield of 2.50%. Goldman Sachs Group’s payout ratio is presently 13.45%.

Goldman Sachs Group Profile

The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates in four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.

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Institutional Ownership by Quarter for Goldman Sachs Group (NYSE:GS)

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