Prudential PLC Has $33.51 Million Position in The Goldman Sachs Group, Inc. $GS

Prudential PLC raised its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 38.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,350 shares of the investment management company’s stock after buying an additional 13,129 shares during the quarter. Prudential PLC’s holdings in The Goldman Sachs Group were worth $33,512,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Catalyst Funds Management Pty Ltd bought a new stake in shares of The Goldman Sachs Group in the second quarter valued at about $1,840,000. Howe & Rusling Inc. boosted its stake in The Goldman Sachs Group by 3.1% during the second quarter. Howe & Rusling Inc. now owns 20,969 shares of the investment management company’s stock worth $14,841,000 after buying an additional 623 shares in the last quarter. PKS Advisory Services LLC increased its holdings in The Goldman Sachs Group by 13.2% in the 2nd quarter. PKS Advisory Services LLC now owns 549 shares of the investment management company’s stock valued at $389,000 after buying an additional 64 shares during the period. Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of The Goldman Sachs Group by 71.1% during the 2nd quarter. Clal Insurance Enterprises Holdings Ltd now owns 77 shares of the investment management company’s stock worth $54,000 after acquiring an additional 32 shares during the period. Finally, Empirical Finance LLC raised its position in The Goldman Sachs Group by 0.6% in the second quarter. Empirical Finance LLC now owns 11,461 shares of the investment management company’s stock worth $8,112,000 after purchasing an additional 72 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GS has been the subject of several recent analyst reports. Zacks Research lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 16th. Morgan Stanley decreased their price target on The Goldman Sachs Group from $854.00 to $828.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 15th. Weiss Ratings restated a “hold (c+)” rating on shares of The Goldman Sachs Group in a research note on Wednesday, October 8th. Barclays boosted their price objective on shares of The Goldman Sachs Group from $720.00 to $850.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Finally, BMO Capital Markets started coverage on The Goldman Sachs Group in a research note on Friday, October 3rd. They set a “market perform” rating and a $785.00 price target on the stock. Four equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $786.00.

Insider Activity

In other news, COO John E. Waldron sold 9,000 shares of the stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $750.51, for a total transaction of $6,754,590.00. Following the sale, the chief operating officer directly owned 106,268 shares of the company’s stock, valued at approximately $79,755,196.68. This represents a 7.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Trading Up 1.2%

NYSE:GS opened at $785.42 on Thursday. The company has a market cap of $235.57 billion, a P/E ratio of 15.95, a price-to-earnings-growth ratio of 1.43 and a beta of 1.41. The business has a 50 day moving average price of $786.35 and a two-hundred day moving average price of $715.26. 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 Goldman Sachs Group, Inc. has a twelve month low of $439.38 and a twelve month high of $841.28.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data 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 Goldman Sachs Group had a return on equity of 14.79% and a net margin of 13.18%.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 prior year, the business posted $8.40 EPS. The business’s revenue was up 19.5% compared to the same quarter last year. As a group, analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 2nd will be paid a $4.00 dividend. The ex-dividend date 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 32.50%.

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.