Skandinaviska Enskilda Banken AB publ Purchases 1,100 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Skandinaviska Enskilda Banken AB publ lifted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.7% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 64,548 shares of the investment management company’s stock after purchasing an additional 1,100 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in The Goldman Sachs Group were worth $29,196,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Ranch Capital Advisors Inc. purchased a new position in The Goldman Sachs Group during the second quarter valued at $417,000. AE Wealth Management LLC lifted its position in shares of The Goldman Sachs Group by 10.6% during the 2nd quarter. AE Wealth Management LLC now owns 58,831 shares of the investment management company’s stock valued at $26,611,000 after buying an additional 5,643 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in shares of The Goldman Sachs Group by 34.8% during the 2nd quarter. Canada Pension Plan Investment Board now owns 843,646 shares of the investment management company’s stock valued at $381,598,000 after acquiring an additional 217,954 shares during the period. Benjamin F. Edwards & Company Inc. increased its holdings in The Goldman Sachs Group by 5.3% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 6,057 shares of the investment management company’s stock worth $2,740,000 after acquiring an additional 303 shares in the last quarter. Finally, GM Advisory Group LLC raised its stake in The Goldman Sachs Group by 21.8% during the 2nd quarter. GM Advisory Group LLC now owns 592 shares of the investment management company’s stock worth $268,000 after acquiring an additional 106 shares during the period. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Morgan Stanley upped their price target on shares of The Goldman Sachs Group from $513.00 to $561.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 30th. JPMorgan Chase & Co. increased their price target on The Goldman Sachs Group from $464.00 to $472.00 and gave the stock an “overweight” rating in a research note on Monday, September 9th. BMO Capital Markets boosted their price objective on The Goldman Sachs Group from $360.00 to $373.00 and gave the company a “market perform” rating in a research report on Wednesday, July 17th. Citigroup increased their target price on The Goldman Sachs Group from $460.00 to $485.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 16th. Finally, Keefe, Bruyette & Woods boosted their price target on The Goldman Sachs Group from $485.00 to $520.00 and gave the stock an “outperform” rating in a report on Thursday, June 27th. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $496.44.

The Goldman Sachs Group Stock Performance

Shares of NYSE:GS opened at $498.28 on Friday. The firm has a fifty day simple moving average of $491.96 and a two-hundred day simple moving average of $454.28. The Goldman Sachs Group, Inc. has a 52 week low of $289.36 and a 52 week high of $517.26. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.20. The stock has a market capitalization of $160.68 billion, a P/E ratio of 19.46, a PEG ratio of 0.73 and a beta of 1.36.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Monday, July 15th. The investment management company reported $8.62 EPS for the quarter, topping the consensus estimate of $8.52 by $0.10. The Goldman Sachs Group had a return on equity of 10.56% and a net margin of 9.36%. The company had revenue of $12.73 billion during the quarter, compared to analyst estimates of $12.60 billion. On average, analysts expect that The Goldman Sachs Group, Inc. will post 35.5 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be issued a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 2.41%. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $2.75. The ex-dividend date is Friday, August 30th. The Goldman Sachs Group’s dividend payout ratio is presently 46.86%.

Insider Buying and Selling

In other The Goldman Sachs Group news, insider Brian J. Lee sold 3,500 shares of the stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $505.99, for a total value of $1,770,965.00. Following the sale, the insider now owns 12,095 shares in the company, valued at $6,119,949.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Brian J. Lee sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $505.99, for a total value of $1,770,965.00. Following the completion of the sale, the insider now owns 12,095 shares in the company, valued at $6,119,949.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas K. Montag sold 10,000 shares of the firm’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $505.04, for a total value of $5,050,400.00. Following the transaction, the director now owns 12,450 shares in the company, valued at approximately $6,287,748. The disclosure for this sale can be found here. 0.54% of the stock is owned by corporate insiders.

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.