Vinva Investment Management Ltd Raises Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Vinva Investment Management Ltd increased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 12.3% during the third quarter, HoldingsChannel reports. The fund owned 14,902 shares of the investment management company’s stock after buying an additional 1,636 shares during the period. Vinva Investment Management Ltd’s holdings in The Goldman Sachs Group were worth $7,429,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Janus Henderson Group PLC lifted its position in shares of The Goldman Sachs Group by 1.8% during the 1st quarter. Janus Henderson Group PLC now owns 57,734 shares of the investment management company’s stock valued at $24,114,000 after acquiring an additional 1,002 shares during the period. Citizens Financial Group Inc. RI raised its stake in shares of The Goldman Sachs Group by 13.1% during the 1st quarter. Citizens Financial Group Inc. RI now owns 1,294 shares of the investment management company’s stock worth $540,000 after buying an additional 150 shares during the last quarter. LRI Investments LLC purchased a new stake in shares of The Goldman Sachs Group in the 1st quarter worth about $80,000. Atria Investments Inc grew its stake in The Goldman Sachs Group by 3.3% in the 1st quarter. Atria Investments Inc now owns 19,379 shares of the investment management company’s stock valued at $8,093,000 after acquiring an additional 612 shares during the last quarter. Finally, PGGM Investments increased its holdings in The Goldman Sachs Group by 341.8% during the 1st quarter. PGGM Investments now owns 11,527 shares of the investment management company’s stock valued at $4,815,000 after acquiring an additional 8,918 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GS. Keefe, Bruyette & Woods lifted their price objective on The Goldman Sachs Group from $555.00 to $570.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Bank of America upped their price objective on The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Oppenheimer boosted their target price on shares of The Goldman Sachs Group from $614.00 to $661.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Barclays raised their price target on shares of The Goldman Sachs Group from $565.00 to $588.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Finally, Hsbc Global Res lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $550.63.

The Goldman Sachs Group Price Performance

GS stock opened at $605.42 on Thursday. The stock has a 50-day moving average price of $536.69 and a two-hundred day moving average price of $497.33. The company has a market cap of $190.05 billion, a PE ratio of 17.76, a price-to-earnings-growth ratio of 0.88 and a beta of 1.35. The Goldman Sachs Group, Inc. has a 12-month low of $334.87 and a 12-month high of $612.25. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Tuesday, October 15th. The investment management company reported $8.40 earnings per share for the quarter, beating analysts’ consensus estimates of $6.89 by $1.51. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.39%. The firm had revenue of $12.70 billion for the quarter, compared to analysts’ expectations of $11.77 billion. During the same period in the previous year, the company posted $5.47 earnings per share. The Goldman Sachs Group’s revenue was up 7.4% compared to the same quarter last year. As a group, research analysts predict that The Goldman Sachs Group, Inc. will post 37.15 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 2nd will be given a dividend of $3.00 per share. The ex-dividend date is Monday, December 2nd. This represents a $12.00 dividend on an annualized basis and a yield of 1.98%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 35.21%.

Insider Activity at The Goldman Sachs Group

In other news, insider Brian J. Lee sold 2,000 shares of the firm’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $530.90, for a total transaction of $1,061,800.00. Following the completion of the sale, the insider now directly owns 10,095 shares in the company, valued at $5,359,435.50. This trade represents a 16.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Sheara J. Fredman sold 2,974 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total value of $1,768,072.74. Following the completion of the transaction, the chief accounting officer now owns 8,489 shares in the company, valued at approximately $5,046,795.39. This trade represents a 25.94 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 11,390 shares of company stock worth $6,656,119. Corporate insiders own 0.54% of the company’s stock.

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.