Achmea Investment Management B.V. Grows Stake in The Goldman Sachs Group, Inc. $GS

Achmea Investment Management B.V. increased its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 335.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,109 shares of the investment management company’s stock after acquiring an additional 30,125 shares during the period. Achmea Investment Management B.V.’s holdings in The Goldman Sachs Group were worth $27,679,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC grew its position in The Goldman Sachs Group by 5.0% in the second quarter. Commonwealth Equity Services LLC now owns 133,574 shares of the investment management company’s stock worth $94,537,000 after acquiring an additional 6,365 shares in the last quarter. SouthState Corp boosted its position in shares of The Goldman Sachs Group by 11.8% during the second quarter. SouthState Corp now owns 4,496 shares of the investment management company’s stock valued at $3,182,000 after buying an additional 474 shares during the period. Resona Asset Management Co. Ltd. boosted its position in shares of The Goldman Sachs Group by 3.6% during the second quarter. Resona Asset Management Co. Ltd. now owns 101,945 shares of the investment management company’s stock valued at $71,887,000 after buying an additional 3,553 shares during the period. Atlantic Union Bankshares Corp boosted its position in shares of The Goldman Sachs Group by 396.5% during the second quarter. Atlantic Union Bankshares Corp now owns 46,930 shares of the investment management company’s stock valued at $33,215,000 after buying an additional 37,477 shares during the period. Finally, Convergence Financial LLC boosted its position in shares of The Goldman Sachs Group by 17.5% during the second quarter. Convergence Financial LLC now owns 2,797 shares of the investment management company’s stock valued at $1,980,000 after buying an additional 416 shares during the period. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on GS. Deutsche Bank Aktiengesellschaft boosted their target price on The Goldman Sachs Group from $725.00 to $790.00 and gave the company a “hold” rating in a research report on Tuesday, September 30th. Morgan Stanley decreased their price target on shares of The Goldman Sachs Group from $854.00 to $828.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 15th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $750.00 price target (up previously from $625.00) on shares of The Goldman Sachs Group in a research note on Tuesday, October 21st. Evercore ISI lifted their price target on shares of The Goldman Sachs Group from $752.00 to $830.00 and gave the company an “outperform” rating in a research note on Tuesday, September 30th. Finally, Zacks Research downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 16th. Three investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $779.50.

The Goldman Sachs Group Stock Performance

Shares of NYSE:GS opened at $793.12 on Thursday. The company has a market capitalization of $240.09 billion, a price-to-earnings ratio of 16.11, a price-to-earnings-growth ratio of 1.43 and a beta of 1.42. The Goldman Sachs Group, Inc. has a 52 week low of $439.38 and a 52 week high of $825.25. 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 firm has a 50 day moving average of $776.50 and a 200 day moving average of $697.45.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.27 by $1.98. The business had revenue of $15.18 billion for the quarter, compared to the consensus estimate of $13.68 billion. The Goldman Sachs Group had a return on equity of 14.79% and a net margin of 13.18%.The business’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the prior year, the firm posted $8.40 earnings per share. On average, sell-side analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd will be given a dividend of $4.00 per share. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a $16.00 dividend on an annualized basis and a dividend yield of 2.0%. The Goldman Sachs Group’s dividend payout ratio is presently 32.50%.

Insider Activity

In other news, COO John E. Waldron sold 9,244 shares of the company’s 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 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 SEC, which is accessible through this hyperlink. Insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Company 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.