Epoch Investment Partners Inc. Grows Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Epoch Investment Partners Inc. lifted its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 6.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,350 shares of the investment management company’s stock after acquiring an additional 151 shares during the quarter. Epoch Investment Partners Inc.’s holdings in The Goldman Sachs Group were worth $1,063,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of GS. 1832 Asset Management L.P. raised its position in The Goldman Sachs Group by 7,932.6% during the 2nd quarter. 1832 Asset Management L.P. now owns 444,285 shares of the investment management company’s stock valued at $200,959,000 after purchasing an additional 438,754 shares in the last quarter. Frank Rimerman Advisors LLC increased its stake in shares of The Goldman Sachs Group by 10,420.0% during the second quarter. Frank Rimerman Advisors LLC now owns 2,104 shares of the investment management company’s stock valued at $952,000 after buying an additional 2,084 shares during the period. Prospector Partners LLC raised its holdings in shares of The Goldman Sachs Group by 1.1% in the second quarter. Prospector Partners LLC now owns 16,115 shares of the investment management company’s stock valued at $7,289,000 after acquiring an additional 180 shares in the last quarter. ProShare Advisors LLC lifted its stake in The Goldman Sachs Group by 8.4% in the second quarter. ProShare Advisors LLC now owns 172,699 shares of the investment management company’s stock worth $78,115,000 after acquiring an additional 13,402 shares during the period. Finally, Hancock Whitney Corp grew its holdings in The Goldman Sachs Group by 101.5% during the 2nd quarter. Hancock Whitney Corp now owns 4,270 shares of the investment management company’s stock worth $1,931,000 after acquiring an additional 2,151 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on GS shares. Keefe, Bruyette & Woods upped their price target on shares of The Goldman Sachs Group from $485.00 to $520.00 and gave the stock an “outperform” rating in a research report on Thursday, June 27th. Barclays increased their target price on The Goldman Sachs Group from $493.00 to $565.00 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. Wells Fargo & Company boosted their price target on The Goldman Sachs Group from $504.00 to $550.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. Morgan Stanley raised their price objective on The Goldman Sachs Group from $513.00 to $561.00 and gave the company an “overweight” rating in a research report on Tuesday, July 30th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $500.00 target price on shares of The Goldman Sachs Group in a report on Tuesday, July 30th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, The Goldman Sachs Group has an average rating of “Moderate Buy” and an average target price of $496.44.

Insider Activity

In other The Goldman Sachs Group news, Director Thomas K. Montag sold 10,000 shares of the company’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 sale, the director now directly owns 12,450 shares of the company’s stock, valued at $6,287,748. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other The Goldman Sachs Group news, insider Brian J. Lee sold 3,500 shares of the company’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $505.99, for a total value of $1,770,965.00. Following the completion of the transaction, the insider now owns 12,095 shares in the company, valued at $6,119,949.05. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Thomas K. Montag sold 10,000 shares of the firm’s stock in a transaction dated 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 sale, the director now owns 12,450 shares in the company, valued at $6,287,748. The disclosure for this sale can be found here. Insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Price Performance

Shares of GS opened at $497.45 on Tuesday. The firm has a market capitalization of $160.41 billion, a PE ratio of 19.42, a price-to-earnings-growth ratio of 0.73 and a beta of 1.36. The company has a debt-to-equity ratio of 2.20, a current ratio of 0.72 and a quick ratio of 0.72. The company’s fifty day moving average price is $492.07 and its 200-day moving average price is $455.95. The Goldman Sachs Group, Inc. has a 1-year low of $289.36 and a 1-year high of $517.26.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Monday, July 15th. The investment management company reported $8.62 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $12.73 billion for the quarter, compared to analyst estimates of $12.60 billion. On average, equities research analysts predict that The Goldman Sachs Group, Inc. will post 35.5 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 30th will be paid a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 2.41%. This is a boost 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 payout ratio is presently 46.86%.

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.