Lee Johnson Capital Management LLC Purchases Shares of 5,524 The Goldman Sachs Group, Inc. $GS

Lee Johnson Capital Management LLC acquired a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) during the 2nd quarter, Holdings Channel reports. The firm acquired 5,524 shares of the investment management company’s stock, valued at approximately $5,587,000. The Goldman Sachs Group accounts for 1.7% of Lee Johnson Capital Management LLC’s holdings, making the stock its 21st biggest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in GS. BlackRock Inc. bought a new stake in The Goldman Sachs Group in the 2nd quarter valued at about $24,172,123,000. Norges Bank acquired a new stake in The Goldman Sachs Group in the fourth quarter valued at approximately $2,515,830,000. Orange County Employees Retirement System acquired a new stake in The Goldman Sachs Group in the second quarter valued at approximately $69,537,544,000. Bank of New York Mellon Corp bought a new stake in shares of The Goldman Sachs Group during the second quarter valued at approximately $2,560,028,000. Finally, Corient Private Wealth LLC increased its holdings in shares of The Goldman Sachs Group by 1,657.7% during the fourth quarter. Corient Private Wealth LLC now owns 2,596,487 shares of the investment management company’s stock valued at $2,282,312,000 after acquiring an additional 2,448,767 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

Trending Headlines about The Goldman Sachs Group

Here are the key news stories impacting The Goldman Sachs Group this week:

• Positive Sentiment: Goldman Sachs was among the financial giants receiving a “Buy” growth grade, reinforcing the view that its earnings growth, capital-markets franchise and strategic positioning remain attractive. Citigroup and Goldman Sachs lead as most financial giants earn Buy growth grades
• Positive Sentiment: The firm is reportedly expanding into India’s government share-sale market. Greater participation in equity offerings could create additional investment-banking revenue and deepen Goldman’s presence in a fast-growing market. Goldman Sachs expands into India’s government share sale market
• Positive Sentiment: Goldman agreed to pay up to $2.25 billion for NEOS Investments, the issuer of high-income ETFs. The acquisition supports Goldman’s asset-management and wealth-products strategy, although investors will monitor the price paid and integration execution. Goldman Sachs acquisition of NEOS Investments
• Neutral Sentiment: Goldman research said gold could exceed its $4,900 year-end forecast amid options demand, Western investor buying and central-bank purchases. The call may benefit the firm’s commodities and trading franchise, but changing interest-rate expectations could increase market volatility and forecasting risk. Gold could top Goldman’s forecast
• Negative Sentiment: Goldman strategists described July as one of the sharpest hedge-fund de-grossing episodes of the past decade, with hedge funds posting an unusually weak month relative to the S&P 500. Continued de-risking could pressure trading activity and investment-banking sentiment across Wall Street. Goldman Sachs hedge funds worst month versus S&P 500

Analyst Ratings Changes

A number of equities analysts recently issued reports on GS shares. Zacks Research upgraded The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Daiwa Securities Group boosted their price target on shares of The Goldman Sachs Group from $891.00 to $930.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. UBS Group upped their price objective on shares of The Goldman Sachs Group from $1,120.00 to $1,150.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Evercore reaffirmed an “outperform” rating on shares of The Goldman Sachs Group in a research note on Monday, July 6th. Finally, Wall Street Zen cut shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,062.86.

The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock opened at $1,041.35 on Friday. The Goldman Sachs Group, Inc. has a 52 week low of $718.58 and a 52 week high of $1,153.99. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 3.17. The business has a 50 day moving average price of $1,053.96 and a 200-day moving average price of $964.40. The company has a market cap of $303.21 billion, a PE ratio of 16.07, a price-to-earnings-growth ratio of 1.02 and a beta of 1.30.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Tuesday, July 14th. The investment management company reported $20.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $14.47 by $6.51. The Goldman Sachs Group had a return on equity of 19.16% and a net margin of 15.53%.The company had revenue of $20.34 billion for the quarter, compared to analysts’ expectations of $16.22 billion. During the same quarter in the previous year, the firm earned $10.91 earnings per share. The Goldman Sachs Group’s quarterly revenue was up 39.4% on a year-over-year basis. Equities analysts anticipate that The Goldman Sachs Group, Inc. will post 68.89 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $5.00 per share. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $4.50. The ex-dividend date is Tuesday, September 1st. This represents a $20.00 annualized dividend and a yield of 1.9%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 27.78%.

The Goldman Sachs Group Profile

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.