Bank of Montreal Can Increases Holdings in The Goldman Sachs Group, Inc. $GS

Bank of Montreal Can grew its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 14.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,288,989 shares of the investment management company’s stock after purchasing an additional 159,768 shares during the quarter. Bank of Montreal Can’s holdings in The Goldman Sachs Group were worth $912,282,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in GS. Winthrop Advisory Group LLC increased its holdings in The Goldman Sachs Group by 3.4% in the 2nd quarter. Winthrop Advisory Group LLC now owns 429 shares of the investment management company’s stock worth $303,000 after acquiring an additional 14 shares during the last quarter. Avion Wealth increased its holdings in The Goldman Sachs Group by 31.1% in the 2nd quarter. Avion Wealth now owns 59 shares of the investment management company’s stock worth $41,000 after acquiring an additional 14 shares during the last quarter. KPP Advisory Services LLC increased its holdings in The Goldman Sachs Group by 2.1% in the 2nd quarter. KPP Advisory Services LLC now owns 668 shares of the investment management company’s stock worth $473,000 after acquiring an additional 14 shares during the last quarter. Dumont & Blake Investment Advisors LLC increased its holdings in The Goldman Sachs Group by 0.7% in the 2nd quarter. Dumont & Blake Investment Advisors LLC now owns 2,241 shares of the investment management company’s stock worth $1,586,000 after acquiring an additional 15 shares during the last quarter. Finally, Mechanics Financial Corp increased its holdings in The Goldman Sachs Group by 5.8% in the 2nd quarter. Mechanics Financial Corp now owns 294 shares of the investment management company’s stock worth $208,000 after acquiring an additional 16 shares during the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Stock Performance

Shares of GS opened at $789.50 on Monday. The company has a market cap of $239.00 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 1.43 and a beta of 1.42. The company has a current ratio of 1.11, a quick ratio of 0.67 and a debt-to-equity ratio of 2.23. The stock has a 50-day moving average price of $773.85 and a 200-day moving average price of $692.85. The Goldman Sachs Group, Inc. has a 12-month low of $439.38 and a 12-month high of $825.25.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.27 by $1.98. The firm had revenue of $11.33 billion during the quarter, compared to the consensus estimate of $13.68 billion. The Goldman Sachs Group had a return on equity of 14.79% and a net margin of 13.18%.The company’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter last year, the company posted $8.40 EPS. As a group, equities analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd will be given a dividend of $4.00 per share. This represents a $16.00 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Tuesday, December 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is 32.50%.

Insider Activity

In related news, COO John E. Waldron sold 9,000 shares of the business’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 completion of the sale, the chief operating officer owned 106,268 shares in the company, valued at $79,755,196.68. The trade was a 7.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.55% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on GS shares. Daiwa Capital Markets lifted their price objective on The Goldman Sachs Group from $756.00 to $810.00 and gave the stock a “neutral” rating in a report on Wednesday, October 8th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $750.00 price objective (up previously from $625.00) on shares of The Goldman Sachs Group in a report on Tuesday, October 21st. Citizens Jmp reissued a “market perform” rating on shares of The Goldman Sachs Group in a report on Monday, July 14th. Deutsche Bank Aktiengesellschaft lifted their price objective on The Goldman Sachs Group from $725.00 to $790.00 and gave the stock a “hold” rating in a report on Tuesday, September 30th. Finally, Royal Bank Of Canada reissued a “neutral” rating and issued a $843.00 price objective on shares of The Goldman Sachs Group in a report on Tuesday, October 14th. Three equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, The Goldman Sachs Group has an average rating of “Hold” and a consensus price target of $779.50.

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.