Prudent Man Advisors LLC Acquires 151 Shares of The Goldman Sachs Group, Inc. $GS

Prudent Man Advisors LLC grew its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 31.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 625 shares of the investment management company’s stock after purchasing an additional 151 shares during the period. Prudent Man Advisors LLC’s holdings in The Goldman Sachs Group were worth $442,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Kingstone Capital Partners Texas LLC increased its stake in shares of The Goldman Sachs Group by 617,504.5% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 29,058,291 shares of the investment management company’s stock valued at $20,566,005,000 after purchasing an additional 29,053,586 shares during the last quarter. Northern Trust Corp grew its position in The Goldman Sachs Group by 1.2% during the 1st quarter. Northern Trust Corp now owns 3,332,804 shares of the investment management company’s stock worth $1,820,677,000 after acquiring an additional 40,125 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in The Goldman Sachs Group by 6.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,084,108 shares of the investment management company’s stock worth $1,138,527,000 after acquiring an additional 120,272 shares during the last quarter. Amundi grew its position 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 worth $967,193,000 after acquiring an additional 225,993 shares during the last quarter. Finally, Nuveen LLC bought a new stake in The Goldman Sachs Group during the 1st quarter worth $897,185,000. Institutional investors own 71.21% of the company’s stock.

Insider Activity at The Goldman Sachs Group

In related news, COO John E. Waldron sold 9,000 shares of the company’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $750.51, for a total transaction of $6,754,590.00. Following the sale, the chief operating officer owned 106,268 shares in the company, valued at $79,755,196.68. This represents a 7.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.55% of the stock is currently owned by insiders.

The Goldman Sachs Group Trading Up 4.4%

NYSE GS opened at $784.09 on Friday. The business’s 50-day moving average price is $767.57 and its two-hundred day moving average price is $680.36. The Goldman Sachs Group, Inc. has a 12 month low of $439.38 and a 12 month high of $825.25. The firm has a market capitalization of $237.36 billion, a PE ratio of 15.93, 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 Goldman Sachs Group (NYSE:GS) last released its quarterly 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 return on equity of 14.79% and a net margin of 13.18%.The firm had revenue of $11.33 billion for the quarter, compared to analyst estimates of $13.68 billion. During the same quarter in the previous year, the company posted $8.40 EPS. The business’s revenue was up 19.5% on a year-over-year basis. On average, analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on GS shares. Evercore ISI boosted their price objective on The Goldman Sachs Group from $752.00 to $830.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 30th. UBS Group boosted their price objective on The Goldman Sachs Group from $762.00 to $805.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 7th. Morgan Stanley reduced their price objective on The Goldman Sachs Group from $854.00 to $828.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 15th. BMO Capital Markets started 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 objective on the stock. Finally, Royal Bank Of Canada restated a “neutral” rating and set a $843.00 price objective on shares of The Goldman Sachs Group in a research report on Tuesday, October 14th. Three investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $779.50.

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.