Osaic Holdings Inc. Buys 19,229 Shares of The Goldman Sachs Group, Inc. $GS

Osaic Holdings Inc. boosted its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 19.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 115,870 shares of the investment management company’s stock after acquiring an additional 19,229 shares during the period. Osaic Holdings Inc.’s holdings in The Goldman Sachs Group were worth $79,853,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Dogwood Wealth Management LLC increased its holdings in shares of The Goldman Sachs Group by 1,800.0% in the second quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company’s stock worth $26,000 after purchasing an additional 36 shares during the last quarter. Clearstead Trust LLC bought a new position in The Goldman Sachs Group during the second quarter valued at approximately $31,000. Graney & King LLC grew its holdings in The Goldman Sachs Group by 51.5% during the 2nd quarter. Graney & King LLC now owns 50 shares of the investment management company’s stock valued at $35,000 after buying an additional 17 shares in the last quarter. Ridgewood Investments LLC raised its holdings in shares of The Goldman Sachs Group by 45.9% during the 2nd quarter. Ridgewood Investments LLC now owns 54 shares of the investment management company’s stock worth $38,000 after acquiring an additional 17 shares in the last quarter. Finally, MeadowBrook Investment Advisors LLC bought a new position in shares of The Goldman Sachs Group during the 2nd quarter valued at approximately $39,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on GS. Rothschild & Co Redburn boosted their price target on shares of The Goldman Sachs Group from $608.00 to $748.00 and gave the stock a “neutral” rating in a research report on Friday. Barclays lifted their price objective on shares of The Goldman Sachs Group from $720.00 to $850.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Dbs Bank upped their target price on shares of The Goldman Sachs Group from $800.00 to $890.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. BNP Paribas Exane lifted their price target on The Goldman Sachs Group from $685.00 to $775.00 and gave the stock a “neutral” rating in a research report on Friday, October 17th. Finally, BMO Capital Markets started coverage on The Goldman Sachs Group in a research note on Friday, October 3rd. They set a “market perform” rating and a $785.00 price objective on the stock. Four research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $787.06.

The Goldman Sachs Group Stock Performance

Shares of NYSE:GS opened at $890.48 on Tuesday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 2.53. The Goldman Sachs Group, Inc. has a 12 month low of $439.38 and a 12 month high of $919.10. The company has a market capitalization of $267.08 billion, a price-to-earnings ratio of 18.09, a PEG ratio of 1.17 and a beta of 1.36. The firm’s 50-day moving average is $801.88 and its 200 day moving average is $747.08.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data 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 the consensus estimate of $13.68 billion. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 15.29%. The firm’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the firm earned $8.40 earnings per share. Research analysts predict 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 disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd will be given a $4.00 dividend. This represents a $16.00 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Tuesday, December 2nd. The Goldman Sachs Group’s dividend payout ratio is 32.50%.

The Goldman Sachs Group 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.