Scotia Capital Inc. Increases Position in Goldman Sachs Group Inc (NYSE:GS)

Scotia Capital Inc. boosted its holdings in shares of Goldman Sachs Group Inc (NYSE:GS) by 1.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,350 shares of the investment management company’s stock after acquiring an additional 203 shares during the period. Scotia Capital Inc.’s holdings in Goldman Sachs Group were worth $4,368,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FARMERS & MERCHANTS TRUST Co OF LONG BEACH grew its position in shares of Goldman Sachs Group by 1.6% in the 2nd 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 buying an additional 48 shares during the last quarter. Evolution Wealth Advisors LLC grew its position in shares of Goldman Sachs Group by 12.3% in the 2nd quarter. Evolution Wealth Advisors LLC now owns 449 shares of the investment management company’s stock valued at $92,000 after buying an additional 49 shares during the last quarter. Cannell Peter B & Co. Inc. grew its position in shares of Goldman Sachs Group by 1.6% in the 2nd quarter. Cannell Peter B & Co. Inc. now owns 3,130 shares of the investment management company’s stock valued at $640,000 after buying an additional 50 shares during the last quarter. Kistler Tiffany Companies LLC grew its position in shares of Goldman Sachs Group by 5.1% in the 2nd quarter. Kistler Tiffany Companies LLC now owns 1,063 shares of the investment management company’s stock valued at $217,000 after buying an additional 52 shares during the last quarter. Finally, SOL Capital Management CO grew its position in shares of Goldman Sachs Group by 3.4% in the 2nd quarter. SOL Capital Management CO now owns 1,652 shares of the investment management company’s stock valued at $338,000 after buying an additional 55 shares during the last quarter. 69.17% of the stock is owned by institutional investors.

GS has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $240.00 target price on shares of Goldman Sachs Group in a research report on Wednesday, July 17th. BMO Capital Markets increased 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. TheStreet raised shares of Goldman Sachs Group from a “c+” rating to a “b” rating in a research report on Tuesday, August 6th. Royal Bank of Canada reaffirmed a “neutral” rating and issued a $220.00 target price on shares of Goldman Sachs Group in a research report on Tuesday, July 16th. Finally, Odeon Capital Group downgraded shares of Goldman Sachs Group from a “buy” rating to a “hold” rating in a research report on Thursday, September 5th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. Goldman Sachs Group currently has an average rating of “Hold” and a consensus price target of $240.92.

Goldman Sachs Group stock traded up $1.72 during trading on Friday, reaching $220.46. The company had a trading volume of 242,415 shares, compared to its average volume of 1,793,145. The firm has a market capitalization of $77.53 billion, a price-to-earnings ratio of 8.73, a PEG ratio of 0.79 and a beta of 1.34. The company has a debt-to-equity ratio of 2.78, a quick ratio of 0.85 and a current ratio of 0.85. Goldman Sachs Group Inc has a 12-month low of $151.70 and a 12-month high of $238.52. The stock’s 50 day moving average price is $206.50 and its two-hundred day moving average price is $201.07.

Goldman Sachs Group (NYSE:GS) last posted its earnings results on Tuesday, July 16th. The investment management company reported $5.81 EPS for the quarter, topping analysts’ consensus estimates of $4.73 by $1.08. Goldman Sachs Group had a net margin of 22.09% and a return on equity of 12.43%. The business had revenue of $9.46 billion for the quarter, compared to analysts’ expectations of $8.88 billion. During the same period in the previous year, the company posted $5.98 earnings per share. The business’s revenue for the quarter was up .6% compared to the same quarter last year. As a group, research analysts expect that Goldman Sachs Group Inc will post 22.81 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be given a dividend of $1.25 per share. This is a boost from Goldman Sachs Group’s previous quarterly dividend of $0.85. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date is Thursday, August 29th. Goldman Sachs Group’s payout ratio is presently 19.79%.

In other news, EVP Dane E. Holmes sold 3,165 shares of the business’s stock in a transaction on 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 legal filing with the SEC, which is available through this hyperlink. Insiders own 1.41% of the company’s stock.

Goldman Sachs Group Company 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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