Highview Capital Management LLC DE Boosts Holdings in The Goldman Sachs Group, Inc. $GS

Highview Capital Management LLC DE increased its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 2.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,054 shares of the investment management company’s stock after acquiring an additional 80 shares during the period. The Goldman Sachs Group comprises approximately 1.1% of Highview Capital Management LLC DE’s holdings, making the stock its 24th largest position. Highview Capital Management LLC DE’s holdings in The Goldman Sachs Group were worth $2,869,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Brighton Jones LLC lifted its holdings in shares of The Goldman Sachs Group by 17.1% during the fourth quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock valued at $1,989,000 after purchasing an additional 508 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in The Goldman Sachs Group by 7.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock worth $508,000 after buying an additional 58 shares in the last quarter. Crestwood Advisors Group LLC raised its position in The Goldman Sachs Group by 2.3% in the 1st quarter. Crestwood Advisors Group LLC now owns 13,822 shares of the investment management company’s stock worth $7,551,000 after buying an additional 305 shares during the last quarter. Obermeyer Wealth Partners lifted its stake in The Goldman Sachs Group by 51.8% during the 1st quarter. Obermeyer Wealth Partners now owns 554 shares of the investment management company’s stock valued at $303,000 after acquiring an additional 189 shares during the period. Finally, Y Intercept Hong Kong Ltd lifted its stake in The Goldman Sachs Group by 466.6% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 16,795 shares of the investment management company’s stock valued at $9,175,000 after acquiring an additional 13,831 shares during the period. 71.21% of the stock is owned by institutional investors.

The Goldman Sachs Group Price Performance

NYSE GS opened at $777.11 on Wednesday. The stock has a market cap of $233.08 billion, a price-to-earnings ratio of 15.79, a PEG ratio of 1.43 and a beta of 1.41. The Goldman Sachs Group, Inc. has a 12 month low of $439.38 and a 12 month high of $841.28. The company’s 50 day moving average is $786.05 and its two-hundred day moving average is $714.77. The company has a current ratio of 1.11, a quick ratio of 0.67 and a debt-to-equity ratio of 2.23.

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 for the quarter, beating analysts’ consensus estimates of $10.27 by $1.98. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 14.79%. The company had revenue of $15.18 billion for the quarter, compared to analysts’ expectations of $13.68 billion. During the same quarter in the previous year, the company earned $8.40 EPS. The Goldman Sachs Group’s revenue for the quarter was up 19.5% on a year-over-year basis. As a group, research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

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 given a dividend of $4.00 per share. This represents a $16.00 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Tuesday, December 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is 32.50%.

Analyst Upgrades and Downgrades

GS has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $750.00 price target (up from $625.00) on shares of The Goldman Sachs Group in a research note on Tuesday, October 21st. UBS Group raised their target price on shares of The Goldman Sachs Group from $762.00 to $805.00 and gave the stock a “neutral” rating in a report on Tuesday, October 7th. BMO Capital Markets assumed coverage on shares of The Goldman Sachs Group in a research note on Friday, October 3rd. They set a “market perform” rating and a $785.00 target price for the company. Evercore ISI raised their price target on The Goldman Sachs Group from $752.00 to $830.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 30th. Finally, BNP Paribas Exane upped their price objective on The Goldman Sachs Group from $685.00 to $775.00 and gave the company a “neutral” rating in a research report on Friday, October 17th. Four equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $786.00.

Insider Activity at The Goldman Sachs Group

In related news, COO John E. Waldron sold 9,244 shares of The Goldman Sachs Group stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $750.11, for a total transaction of $6,934,016.84. Following the completion of the sale, the chief operating officer owned 115,268 shares in the company, valued at $86,463,679.48. This trade represents a 7.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.55% of the company’s stock.

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.