LFA Lugano Financial Advisors SA Takes Position in The Goldman Sachs Group, Inc. $GS

LFA Lugano Financial Advisors SA bought a new position in The Goldman Sachs Group, Inc. (NYSE:GS) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 72 shares of the investment management company’s stock, valued at approximately $51,000.

Other large investors have also recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC lifted its stake in The Goldman Sachs Group by 617,504.5% in the second quarter. Kingstone Capital Partners Texas LLC now owns 29,058,291 shares of the investment management company’s stock worth $20,566,005,000 after purchasing an additional 29,053,586 shares during the last quarter. Nuveen LLC bought a new position in shares of The Goldman Sachs Group during the first quarter valued at approximately $897,185,000. Ninety One UK Ltd purchased a new stake in shares of The Goldman Sachs Group in the second quarter worth approximately $408,780,000. AGF Management Ltd. lifted its stake in shares of The Goldman Sachs Group by 2,429.6% during the 2nd quarter. AGF Management Ltd. now owns 485,375 shares of the investment management company’s stock worth $343,524,000 after acquiring an additional 466,187 shares during the last quarter. Finally, Amundi boosted its holdings in The Goldman Sachs Group by 13.6% during the 1st quarter. Amundi now owns 1,891,260 shares of the investment management company’s stock valued at $967,193,000 after acquiring an additional 225,993 shares during the period. 71.21% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other The Goldman Sachs Group news, COO John E. Waldron sold 9,244 shares of the company’s stock in a transaction on 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 owned 115,268 shares in the company, valued at $86,463,679.48. This represents a 7.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.55% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have commented on GS. Wall Street Zen raised The Goldman Sachs Group from a “sell” rating to a “hold” rating in a research report on Saturday, July 12th. Royal Bank Of Canada restated a “neutral” rating and issued a $843.00 price target on shares of The Goldman Sachs Group in a report on Tuesday, October 14th. HSBC raised their price target on shares of The Goldman Sachs Group from $652.00 to $677.00 in a research note on Thursday, October 2nd. JMP Securities reiterated a “market perform” rating and set a $600.00 price objective on shares of The Goldman Sachs Group in a report on Monday, July 14th. Finally, Wells Fargo & Company upped their target price on shares of The Goldman Sachs Group from $785.00 to $855.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 16th. Three analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $779.50.

The Goldman Sachs Group Stock Performance

GS stock opened at $786.03 on Friday. The Goldman Sachs Group, Inc. has a 1-year low of $439.38 and a 1-year high of $825.25. The business has a 50-day moving average price of $778.04 and a 200 day moving average price of $701.30. The company has a market capitalization of $235.75 billion, a P/E ratio of 15.97, a PEG ratio of 1.43 and a beta of 1.41. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.11 and a quick ratio of 0.67.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Tuesday, October 14th. The investment management company reported $12.25 EPS for the quarter, beating 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 business had revenue of $15.18 billion for the quarter, compared to the consensus estimate of $13.68 billion. During the same quarter last year, the firm posted $8.40 EPS. The company’s revenue for the quarter was up 19.5% on a year-over-year basis. As a group, equities research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

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

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.