Keybank National Association OH Has $7.71 Million Stock Holdings in The Goldman Sachs Group, Inc. $GS

Keybank National Association OH raised its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 6.6% in the second quarter, Holdings Channel.com reports. The fund owned 10,891 shares of the investment management company’s stock after acquiring an additional 676 shares during the quarter. Keybank National Association OH’s holdings in The Goldman Sachs Group were worth $7,708,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board lifted its stake in shares of The Goldman Sachs Group by 28.6% in the first quarter. Canada Pension Plan Investment Board now owns 524,296 shares of the investment management company’s stock worth $286,418,000 after buying an additional 116,535 shares during the last quarter. Blueshift Asset Management LLC lifted its stake in shares of The Goldman Sachs Group by 161.8% in the first quarter. Blueshift Asset Management LLC now owns 1,055 shares of the investment management company’s stock worth $576,000 after buying an additional 652 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of The Goldman Sachs Group in the first quarter worth $9,596,000. Strategic Blueprint LLC lifted its stake in shares of The Goldman Sachs Group by 15.2% in the first quarter. Strategic Blueprint LLC now owns 3,271 shares of the investment management company’s stock worth $1,787,000 after buying an additional 432 shares during the last quarter. Finally, Wells Trecaso Financial Group LLC lifted its stake in shares of The Goldman Sachs Group by 0.5% in the second quarter. Wells Trecaso Financial Group LLC now owns 21,534 shares of the investment management company’s stock worth $15,240,000 after buying an additional 108 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GS has been the subject of a number of analyst reports. Morgan Stanley reduced 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 research note on Wednesday, October 15th. Evercore ISI boosted their target price on shares of 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. Citizens Jmp reaffirmed a “market perform” rating on shares of The Goldman Sachs Group in a research report on Monday, July 14th. BMO Capital Markets initiated coverage on shares of The Goldman Sachs Group in a research report on Friday, October 3rd. They set a “market perform” rating and a $785.00 target price on the stock. Finally, Wall Street Zen raised shares of The Goldman Sachs Group from a “sell” rating to a “hold” rating in a research report on Saturday, July 12th. Three equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $779.50.

The Goldman Sachs Group Trading Down 0.1%

Shares of The Goldman Sachs Group stock opened at $789.50 on Friday. The firm has a market capitalization of $239.00 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 1.43 and a beta of 1.42. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.11 and a quick ratio of 0.67. The company’s fifty day moving average price is $773.85 and its two-hundred day moving average price is $690.22. The Goldman Sachs Group, Inc. has a 52-week low of $439.38 and a 52-week high of $825.25.

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, beating the consensus estimate of $10.27 by $1.98. The firm had revenue of $11.33 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $8.40 EPS. 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 declared a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd will be issued a $4.00 dividend. This represents a $16.00 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Tuesday, December 2nd. The Goldman Sachs Group’s payout ratio is 32.50%.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, COO John E. Waldron sold 9,000 shares of the business’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $750.51, for a total value of $6,754,590.00. Following the sale, the chief operating officer owned 106,268 shares of the company’s stock, valued at $79,755,196.68. The trade was a 7.81% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.55% of the stock is owned by company insiders.

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.