Allied Investment Advisors LLC Has $15.70 Million Stake in The Goldman Sachs Group, Inc. $GS

Allied Investment Advisors LLC lifted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 0.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,176 shares of the investment management company’s stock after acquiring an additional 71 shares during the period. The Goldman Sachs Group makes up approximately 2.7% of Allied Investment Advisors LLC’s portfolio, making the stock its 9th biggest position. Allied Investment Advisors LLC’s holdings in The Goldman Sachs Group were worth $15,695,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in GS. Kingstone Capital Partners Texas LLC raised its position in shares of The Goldman Sachs Group by 617,504.5% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 29,058,291 shares of the investment management company’s stock worth $20,566,005,000 after acquiring an additional 29,053,586 shares in the last quarter. Nuveen LLC acquired a new position in The Goldman Sachs Group during the 1st quarter worth approximately $897,185,000. Ninety One UK Ltd acquired a new position in The Goldman Sachs Group during the 2nd quarter worth approximately $408,780,000. Cohen Investment Advisors LLC raised its stake in The Goldman Sachs Group by 5,559.2% during the 1st quarter. Cohen Investment Advisors LLC now owns 470,220 shares of the investment management company’s stock worth $256,876,000 after buying an additional 461,911 shares during the period. Finally, Amundi raised its stake in The Goldman Sachs Group by 13.6% during the 1st quarter. Amundi now owns 1,891,260 shares of the investment management company’s stock worth $967,193,000 after buying an additional 225,993 shares during the period. 71.21% of the stock is owned by institutional investors.

Insider Buying and Selling

In other The Goldman Sachs Group news, COO John E. Waldron sold 9,244 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $750.11, for a total transaction of $6,934,016.84. Following the completion of the transaction, the chief operating officer directly owned 115,268 shares of the company’s stock, valued at approximately $86,463,679.48. This represents a 7.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.55% of the company’s stock.

Analysts Set New Price Targets

GS has been the topic of a number of research reports. JMP Securities reaffirmed a “market perform” rating and set a $600.00 price target on shares of The Goldman Sachs Group in a research note on Monday, July 14th. Royal Bank Of Canada reaffirmed a “neutral” rating and set a $843.00 price target on shares of The Goldman Sachs Group in a research note on Tuesday, October 14th. Wells Fargo & Company boosted their price objective on The Goldman Sachs Group from $785.00 to $855.00 and gave the stock an “overweight” rating in a report on Tuesday, September 16th. Weiss Ratings reissued a “hold (c+)” rating on shares of The Goldman Sachs Group in a report on Wednesday, October 8th. Finally, Citizens Jmp reissued a “market perform” rating on shares of The Goldman Sachs Group in a report on Monday, July 14th. Three research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $779.50.

The Goldman Sachs Group Stock Performance

GS stock opened at $784.09 on Friday. The firm has a market cap of $237.36 billion, a PE ratio of 15.93, a P/E/G ratio of 1.37 and a beta of 1.42. The company has a quick ratio of 0.67, a current ratio of 1.11 and a debt-to-equity ratio of 2.23. The business has a 50 day moving average of $767.57 and a 200-day moving average of $678.85. The Goldman Sachs Group, Inc. has a 12-month low of $439.38 and a 12-month high of $825.25.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.27 by $1.98. The company had revenue of $11.33 billion during the quarter, compared to analyst estimates of $13.68 billion. The Goldman Sachs Group had a return on equity of 14.79% and a net margin of 13.18%.The Goldman Sachs Group’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the prior year, the company posted $8.40 earnings per share. As a group, sell-side analysts expect 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. Stockholders of record on Tuesday, December 2nd will be issued a $4.00 dividend. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a $16.00 annualized dividend and a dividend yield of 2.0%. The Goldman Sachs Group’s dividend payout ratio is currently 32.50%.

About The Goldman Sachs Group

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.