Quadrant Capital Group LLC Has $6.08 Million Stock Holdings in The Goldman Sachs Group, Inc. $GS

Quadrant Capital Group LLC grew its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 18.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,585 shares of the investment management company’s stock after acquiring an additional 1,340 shares during the period. Quadrant Capital Group LLC’s holdings in The Goldman Sachs Group were worth $6,076,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of GS. Vinva Investment Management Ltd lifted its position in shares of The Goldman Sachs Group by 43.6% in the second quarter. Vinva Investment Management Ltd now owns 21,355 shares of the investment management company’s stock worth $14,752,000 after buying an additional 6,486 shares during the last quarter. RiverPark Advisors LLC lifted its holdings in The Goldman Sachs Group by 12.3% in the 2nd quarter. RiverPark Advisors LLC now owns 155 shares of the investment management company’s stock worth $110,000 after purchasing an additional 17 shares during the last quarter. Echo45 Advisors LLC bought a new stake in The Goldman Sachs Group during the second quarter worth approximately $229,000. Choreo LLC grew its holdings in The Goldman Sachs Group by 6.4% during the second quarter. Choreo LLC now owns 12,304 shares of the investment management company’s stock valued at $8,707,000 after purchasing an additional 737 shares during the last quarter. Finally, Correct Capital Wealth Management raised its position in shares of The Goldman Sachs Group by 3.0% in the second quarter. Correct Capital Wealth Management now owns 3,727 shares of the investment management company’s stock valued at $2,638,000 after purchasing an additional 107 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Up 1.7%

GS opened at $815.88 on Thursday. The company has a market capitalization of $244.70 billion, a P/E ratio of 16.57, a P/E/G ratio of 1.43 and a beta of 1.41. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.11 and a quick ratio of 0.67. The firm’s fifty day moving average price is $786.85 and its two-hundred day moving average price is $723.41. The Goldman Sachs Group, Inc. has a fifty-two week low of $439.38 and a fifty-two week high of $841.28.

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

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd will be paid a dividend of $4.00 per share. This represents a $16.00 annualized dividend and a yield of 2.0%. The ex-dividend date is Tuesday, December 2nd. The Goldman Sachs Group’s dividend payout ratio is currently 32.50%.

Analysts Set New Price Targets

Several analysts recently issued reports on GS shares. UBS Group upped their price objective 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. Wells Fargo & Company upped their price target on shares of The Goldman Sachs Group from $785.00 to $855.00 and gave the company an “overweight” rating in a report on Tuesday, September 16th. Dbs Bank raised their price target on The Goldman Sachs Group from $800.00 to $890.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. Evercore ISI boosted their price objective on The Goldman Sachs Group from $752.00 to $830.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 30th. Finally, Keefe, Bruyette & Woods increased their target price on The Goldman Sachs Group from $850.00 to $870.00 and gave the company a “market perform” rating in a research note on Friday, October 17th. Four investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $786.00.

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.