LMR Partners LLP lifted its holdings in shares of Goldman Sachs Group Inc (NYSE:GS) by 330.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,425 shares of the investment management company’s stock after buying an additional 2,630 shares during the quarter. LMR Partners LLP’s holdings in Goldman Sachs Group were worth $755,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in GS. Summit Trail Advisors LLC increased its holdings in Goldman Sachs Group by 24,200.2% during the 1st quarter. Summit Trail Advisors LLC now owns 944,790 shares of the investment management company’s stock worth $945,000 after acquiring an additional 940,902 shares during the period. Millennium Management LLC increased its holdings in Goldman Sachs Group by 100.6% during the 1st quarter. Millennium Management LLC now owns 999,532 shares of the investment management company’s stock worth $251,742,000 after acquiring an additional 501,354 shares during the period. PointState Capital LP bought a new stake in Goldman Sachs Group during the 1st quarter worth approximately $109,184,000. Calamos Advisors LLC increased its holdings in Goldman Sachs Group by 96.9% during the 2nd quarter. Calamos Advisors LLC now owns 560,244 shares of the investment management company’s stock worth $123,573,000 after acquiring an additional 275,754 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Goldman Sachs Group by 15.5% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,446,660 shares of the investment management company’s stock worth $319,090,000 after acquiring an additional 193,776 shares during the period. Institutional investors own 72.60% of the company’s stock.
Shares of Goldman Sachs Group opened at $229.61 on Friday, MarketBeat reports. The firm has a market capitalization of $89.24 billion, a PE ratio of 11.62, a P/E/G ratio of 0.75 and a beta of 1.31. Goldman Sachs Group Inc has a one year low of $214.64 and a one year high of $275.31. The company has a debt-to-equity ratio of 3.02, a quick ratio of 0.92 and a current ratio of 0.90.
Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Tuesday, July 17th. The investment management company reported $5.98 EPS for the quarter, topping the Zacks’ consensus estimate of $4.66 by $1.32. The firm had revenue of $9.40 billion for the quarter, compared to analyst estimates of $8.74 billion. Goldman Sachs Group had a net margin of 15.72% and a return on equity of 13.58%. The business’s revenue for the quarter was up 19.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.95 EPS. research analysts expect that Goldman Sachs Group Inc will post 24.98 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 27th. Stockholders of record on Thursday, August 30th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend is Wednesday, August 29th. Goldman Sachs Group’s payout ratio is 16.19%.
In related news, insider David M. Solomon sold 8,488 shares of the stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $237.92, for a total transaction of $2,019,464.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider David M. Solomon sold 3,497 shares of the stock in a transaction on Tuesday, May 15th. The shares were sold at an average price of $244.40, for a total transaction of $854,666.80. The disclosure for this sale can be found here. Insiders sold a total of 20,367 shares of company stock worth $4,819,426 in the last three months. Insiders own 2.57% of the company’s stock.
GS has been the topic of a number of analyst reports. Royal Bank of Canada reaffirmed a “neutral” rating and set a $265.00 target price on shares of Goldman Sachs Group in a report on Tuesday, April 17th. Buckingham Research upped their target price on shares of Goldman Sachs Group from $285.00 to $292.00 and gave the stock a “neutral” rating in a report on Tuesday, April 17th. BMO Capital Markets reaffirmed a “hold” rating and set a $245.00 target price (up previously from $221.00) on shares of Goldman Sachs Group in a report on Wednesday, April 18th. Oppenheimer upped their target price on shares of Goldman Sachs Group from $280.00 to $308.00 and gave the stock an “outperform” rating in a report on Wednesday, April 18th. Finally, Credit Suisse Group upped their target price on shares of Goldman Sachs Group from $274.00 to $280.00 and gave the stock a “neutral” rating in a report on Wednesday, April 18th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $272.18.
About Goldman Sachs Group
The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.
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