Vinva Investment Management Ltd Acquires 6,486 Shares of The Goldman Sachs Group, Inc. $GS

Vinva Investment Management Ltd boosted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 43.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,355 shares of the investment management company’s stock after purchasing an additional 6,486 shares during the period. Vinva Investment Management Ltd’s holdings in The Goldman Sachs Group were worth $14,752,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Brighton Jones LLC increased its stake in shares of The Goldman Sachs Group by 17.1% during the fourth quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock valued at $1,989,000 after buying an additional 508 shares during the period. Revolve Wealth Partners LLC boosted its holdings in The Goldman Sachs Group by 7.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock valued at $508,000 after acquiring an additional 58 shares in the last quarter. Prosperity Consulting Group LLC boosted its holdings in The Goldman Sachs Group by 38.0% in the first quarter. Prosperity Consulting Group LLC now owns 1,412 shares of the investment management company’s stock valued at $771,000 after acquiring an additional 389 shares in the last quarter. Meeder Asset Management Inc. increased its position in The Goldman Sachs Group by 104.8% during the 1st quarter. Meeder Asset Management Inc. now owns 172 shares of the investment management company’s stock valued at $94,000 after purchasing an additional 88 shares during the period. Finally, N.E.W. Advisory Services LLC bought a new position in The Goldman Sachs Group in the 1st quarter worth $72,000. Institutional investors own 71.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on GS shares. BNP Paribas Exane lifted their target price on shares of The Goldman Sachs Group from $685.00 to $775.00 and gave the company a “neutral” rating in a research note on Friday, October 17th. Morgan Stanley lowered their price objective on shares of The Goldman Sachs Group from $854.00 to $828.00 and set an “equal weight” rating for the company in a report on Wednesday, October 15th. Deutsche Bank Aktiengesellschaft lifted their price objective on The Goldman Sachs Group from $725.00 to $790.00 and gave the company a “hold” rating in a research report on Tuesday, September 30th. Zacks Research lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 16th. Finally, Keefe, Bruyette & Woods lifted their price target on The Goldman Sachs Group from $850.00 to $870.00 and gave the company a “market perform” rating in a research report on Friday, October 17th. Four analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, The Goldman Sachs Group presently has a consensus rating of “Hold” and a consensus target price of $786.00.

The Goldman Sachs Group Trading Up 1.7%

NYSE GS opened at $815.88 on Thursday. The Goldman Sachs Group, Inc. has a 12 month low of $439.38 and a 12 month high of $841.28. 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’s fifty day moving average price is $786.85 and its 200-day moving average price is $723.41. The stock has a market cap of $244.70 billion, a P/E ratio of 16.57, a P/E/G ratio of 1.43 and a beta of 1.41.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share (EPS) for the quarter, topping 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 company had revenue of $15.18 billion for the quarter, compared to analysts’ expectations of $13.68 billion. During the same quarter in the previous year, the business posted $8.40 EPS. The Goldman Sachs Group’s revenue was up 19.5% compared to the same quarter last year. As a group, equities analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd will be paid a $4.00 dividend. This represents a $16.00 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Tuesday, December 2nd. The Goldman Sachs Group’s dividend payout ratio is currently 32.50%.

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.