Jupiter Asset Management Ltd. Grows Stock Position in The Goldman Sachs Group, Inc. $GS

Jupiter Asset Management Ltd. raised its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 49.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 49,012 shares of the investment management company’s stock after acquiring an additional 16,309 shares during the period. Jupiter Asset Management Ltd.’s holdings in The Goldman Sachs Group were worth $34,688,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Canada Pension Plan Investment Board boosted its position in The Goldman Sachs Group by 28.6% during the first quarter. Canada Pension Plan Investment Board now owns 524,296 shares of the investment management company’s stock worth $286,418,000 after acquiring an additional 116,535 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in The Goldman Sachs Group by 4.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,379,900 shares of the investment management company’s stock worth $2,392,124,000 after purchasing an additional 157,473 shares during the last quarter. Blueshift Asset Management LLC grew its holdings in The Goldman Sachs Group by 161.8% during the 1st quarter. Blueshift Asset Management LLC now owns 1,055 shares of the investment management company’s stock worth $576,000 after acquiring an additional 652 shares in the last quarter. Jump Financial LLC acquired a new stake in The Goldman Sachs Group during the first quarter valued at approximately $9,596,000. Finally, Wells Trecaso Financial Group LLC lifted its stake in The Goldman Sachs Group by 0.5% during the second quarter. Wells Trecaso Financial Group LLC now owns 21,534 shares of the investment management company’s stock worth $15,240,000 after purchasing an additional 108 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Up 3.5%

GS stock opened at $838.80 on Thursday. The firm has a market cap of $251.58 billion, a PE ratio of 17.04, a PEG ratio of 1.43 and a beta of 1.41. The Goldman Sachs Group, Inc. has a 1 year low of $439.38 and a 1 year high of $840.00. The company has a fifty day simple moving average of $782.87 and a 200 day simple moving average of $707.08. 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 Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.27 by $1.98. The Goldman Sachs Group had a return on equity of 14.79% and a net margin of 13.18%.The company had revenue of $15.18 billion during the quarter, compared to the consensus estimate of $13.68 billion. During the same quarter in the prior year, the company posted $8.40 EPS. The firm’s revenue was up 19.5% on a year-over-year basis. Sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company 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 dividend yield of 1.9%. The ex-dividend date of this dividend is Tuesday, December 2nd. The Goldman Sachs Group’s dividend payout ratio is currently 32.50%.

Analysts Set New Price Targets

GS has been the subject of several recent research reports. BNP Paribas Exane increased their target price on shares of The Goldman Sachs Group from $685.00 to $775.00 and gave the stock a “neutral” rating in a report on Friday, October 17th. Morgan Stanley cut their target price on shares of The Goldman Sachs Group from $854.00 to $828.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 15th. Daiwa Capital Markets lifted their target price on The Goldman Sachs Group from $756.00 to $810.00 and gave the company a “neutral” rating in a research note on Wednesday, October 8th. BMO Capital Markets began coverage on The Goldman Sachs Group in a research report on Friday, October 3rd. They set a “market perform” rating and a $785.00 price target on the stock. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $750.00 price objective (up previously from $625.00) on shares of The Goldman Sachs Group in a research report on Tuesday, October 21st. 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. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $779.50.

Insider Transactions at The Goldman Sachs Group

In related news, COO John E. Waldron sold 9,244 shares of the firm’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $750.11, for a total value of $6,934,016.84. Following the transaction, the chief operating officer directly owned 115,268 shares in the company, valued at approximately $86,463,679.48. This trade represents a 7.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.55% of the company’s stock.

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.