604 Shares in The Goldman Sachs Group, Inc. $GS Purchased by denkapparat Operations GmbH

denkapparat Operations GmbH purchased a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 604 shares of the investment management company’s stock, valued at approximately $427,000.

Several other institutional investors and hedge funds have also bought and sold shares of GS. Tobam grew its position in shares of The Goldman Sachs Group by 139.4% in the 2nd quarter. Tobam now owns 450 shares of the investment management company’s stock worth $318,000 after buying an additional 262 shares during the last quarter. Central Asset Investments & Management Holdings HK Ltd lifted its stake in The Goldman Sachs Group by 30.8% in the second quarter. Central Asset Investments & Management Holdings HK Ltd now owns 654 shares of the investment management company’s stock worth $463,000 after acquiring an additional 154 shares during the period. Forsta AP Fonden lifted its stake in The Goldman Sachs Group by 9.6% in the second quarter. Forsta AP Fonden now owns 86,800 shares of the investment management company’s stock worth $61,433,000 after acquiring an additional 7,600 shares during the period. KBC Group NV boosted its holdings in The Goldman Sachs Group by 74.8% in the second quarter. KBC Group NV now owns 211,401 shares of the investment management company’s stock valued at $149,619,000 after acquiring an additional 90,491 shares in the last quarter. Finally, Jupiter Asset Management Ltd. increased its position in The Goldman Sachs Group by 49.9% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 49,012 shares of the investment management company’s stock valued at $34,688,000 after purchasing an additional 16,309 shares during the period. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, COO John E. Waldron sold 9,244 shares of the 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 sale, 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Stock Performance

Shares of GS stock opened at $810.21 on Wednesday. The company has a market capitalization of $243.00 billion, a price-to-earnings ratio of 16.46, a price-to-earnings-growth ratio of 1.43 and a beta of 1.41. 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 Goldman Sachs Group, Inc. has a one year low of $439.38 and a one year high of $825.25. The company’s 50-day moving average is $780.67 and its 200 day moving average is $706.15.

The Goldman Sachs Group (NYSE:GS) last issued its 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 business had revenue of $15.18 billion during the quarter, compared to analysts’ expectations of $13.68 billion. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 14.79%. The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period in the previous year, the company earned $8.40 earnings per share. Sell-side analysts expect 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 disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 2nd will be issued a $4.00 dividend. This represents a $16.00 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Tuesday, December 2nd. The Goldman Sachs Group’s payout ratio is presently 32.50%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Citigroup raised their target price on shares of The Goldman Sachs Group from $700.00 to $765.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. BMO Capital Markets initiated coverage on shares of The Goldman Sachs Group in a research note on Friday, October 3rd. They issued a “market perform” rating and a $785.00 price target for the company. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $750.00 price objective (up from $625.00) on shares of The Goldman Sachs Group in a research report on Tuesday, October 21st. Morgan Stanley reduced their target price on 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. Finally, Barclays raised their target price on The Goldman Sachs Group from $720.00 to $850.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Three analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, The Goldman Sachs Group currently has a consensus rating of “Hold” and an average price target of $779.50.

The Goldman Sachs Group Company 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.