The Goldman Sachs Group, Inc. $GS Shares Acquired by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd boosted its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 134.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,341 shares of the investment management company’s stock after buying an additional 14,514 shares during the period. Mediolanum International Funds Ltd’s holdings in The Goldman Sachs Group were worth $17,506,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in GS. Seeds Investor LLC increased its holdings in shares of The Goldman Sachs Group by 22.2% in the 2nd quarter. Seeds Investor LLC now owns 578 shares of the investment management company’s stock worth $409,000 after acquiring an additional 105 shares during the period. Archvest Wealth Advisors Inc. grew its position in The Goldman Sachs Group by 5.4% in the 2nd quarter. Archvest Wealth Advisors Inc. now owns 429 shares of the investment management company’s stock worth $304,000 after purchasing an additional 22 shares during the last quarter. Marvin & Palmer Associates Inc. increased its stake in shares of The Goldman Sachs Group by 26.3% in the second quarter. Marvin & Palmer Associates Inc. now owns 7,086 shares of the investment management company’s stock valued at $5,015,000 after purchasing an additional 1,474 shares during the period. Prudential PLC raised its holdings in shares of The Goldman Sachs Group by 38.4% during the second quarter. Prudential PLC now owns 47,350 shares of the investment management company’s stock valued at $33,512,000 after buying an additional 13,129 shares during the last quarter. Finally, Catalyst Funds Management Pty Ltd acquired a new position in shares of The Goldman Sachs Group during the second quarter worth approximately $1,840,000. 71.21% of the stock is currently owned by institutional investors.

The Goldman Sachs Group Price Performance

GS stock opened at $774.74 on Friday. The Goldman Sachs Group, Inc. has a one year low of $439.38 and a one year high of $841.28. The firm has a 50-day moving average of $786.01 and a two-hundred day moving average of $717.17. The firm has a market capitalization of $232.37 billion, a PE ratio of 15.74, a P/E/G ratio of 1.43 and a beta of 1.41. 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 posted its quarterly earnings data on Tuesday, October 14th. The investment management company reported $12.25 EPS for the quarter, topping analysts’ consensus estimates of $10.27 by $1.98. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 14.79%. The firm had revenue of $15.18 billion during the quarter, compared to analyst estimates of $13.68 billion. During the same quarter last year, the business posted $8.40 EPS. The company’s revenue was up 19.5% on a year-over-year basis. On average, analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd will be paid a dividend of $4.00 per share. This represents a $16.00 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Tuesday, December 2nd. The Goldman Sachs Group’s payout ratio is 32.50%.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, COO John E. Waldron sold 9,244 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $750.11, for a total value of $6,934,016.84. Following the transaction, the chief operating officer owned 115,268 shares in the company, valued at approximately $86,463,679.48. This represents a 7.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.55% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on GS. Royal Bank Of Canada reaffirmed a “neutral” rating and set a $843.00 target price on shares of The Goldman Sachs Group in a research note on Tuesday, October 14th. Keefe, Bruyette & Woods upped their price objective on shares of The Goldman Sachs Group from $850.00 to $870.00 and gave the stock a “market perform” rating in a report on Friday, October 17th. Barclays boosted their price target on shares of The Goldman Sachs Group from $720.00 to $850.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Wells Fargo & Company increased their price objective on shares of The Goldman Sachs Group from $785.00 to $855.00 and gave the company an “overweight” rating in a report on Tuesday, September 16th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of The Goldman Sachs Group in a research report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, The Goldman Sachs Group presently has a consensus rating of “Hold” and a consensus price target of $786.00.

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.