Quadrant Capital Group LLC Has $6.08 Million Stock Position in The Goldman Sachs Group, Inc. $GS

Quadrant Capital Group LLC raised its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 18.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,585 shares of the investment management company’s stock after acquiring an additional 1,340 shares during the quarter. Quadrant Capital Group LLC’s holdings in The Goldman Sachs Group were worth $6,076,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of GS. Clal Insurance Enterprises Holdings Ltd bought a new stake in The Goldman Sachs Group during the 1st quarter worth about $25,000. Dogwood Wealth Management LLC grew its position in shares of The Goldman Sachs Group by 1,800.0% during the 2nd quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company’s stock worth $26,000 after buying an additional 36 shares during the period. Clearstead Trust LLC bought a new stake in shares of The Goldman Sachs Group during the second quarter worth approximately $31,000. Ridgewood Investments LLC lifted its holdings in The Goldman Sachs Group by 45.9% in the second quarter. Ridgewood Investments LLC now owns 54 shares of the investment management company’s stock valued at $38,000 after buying an additional 17 shares during the period. Finally, MeadowBrook Investment Advisors LLC bought a new position in The Goldman Sachs Group in the second quarter valued at approximately $39,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Price Performance

NYSE GS opened at $815.88 on Thursday. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.67 and a current ratio of 1.11. The stock has a market cap of $244.70 billion, a price-to-earnings ratio of 16.57, a PEG ratio of 1.43 and a beta of 1.41. The business has a 50 day simple moving average of $786.85 and a 200 day simple moving average of $723.41. The Goldman Sachs Group, Inc. has a 52-week low of $439.38 and a 52-week high of $841.28.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share for the quarter, beating analysts’ consensus estimates of $10.27 by $1.98. The business had revenue of $15.18 billion during the quarter, compared to the consensus estimate of $13.68 billion. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 14.79%. The firm’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter last year, the firm earned $8.40 earnings per share. Analysts anticipate 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. Investors of record on Tuesday, December 2nd will be issued a dividend of $4.00 per share. The ex-dividend date is Tuesday, December 2nd. This represents a $16.00 dividend on an annualized basis and a yield of 2.0%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 32.50%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Dbs Bank upped their target price on shares of The Goldman Sachs Group from $800.00 to $890.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. Wells Fargo & Company lifted their price objective on 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. Weiss Ratings reissued a “hold (c)” rating on shares of The Goldman Sachs Group in a research note on Tuesday. Deutsche Bank Aktiengesellschaft upped their price target on The Goldman Sachs Group from $725.00 to $790.00 and gave the company a “hold” rating in a research note on Tuesday, September 30th. Finally, Morgan Stanley lowered their target price on shares of The Goldman Sachs Group from $854.00 to $828.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 15th. Four 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 has a consensus rating of “Hold” and a consensus price target of $786.00.

The Goldman Sachs Group Profile

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.