Rockefeller Capital Management L.P. Grows Stock Position in The Goldman Sachs Group, Inc. $GS

Rockefeller Capital Management L.P. lifted its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 24.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 137,376 shares of the investment management company’s stock after buying an additional 27,355 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in The Goldman Sachs Group were worth $97,228,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Canada Pension Plan Investment Board lifted its position in shares of The Goldman Sachs Group by 28.6% during the first quarter. Canada Pension Plan Investment Board now owns 524,296 shares of the investment management company’s stock worth $286,418,000 after purchasing an additional 116,535 shares in the last quarter. Bank of New York Mellon Corp increased its stake in The Goldman Sachs Group by 4.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,379,900 shares of the investment management company’s stock worth $2,392,124,000 after buying an additional 157,473 shares during the period. Blueshift Asset Management LLC lifted its holdings in The Goldman Sachs Group by 161.8% during the 1st quarter. Blueshift Asset Management LLC now owns 1,055 shares of the investment management company’s stock worth $576,000 after buying an additional 652 shares in the last quarter. Ignite Planners LLC purchased a new position in The Goldman Sachs Group in the 2nd quarter valued at approximately $239,000. Finally, Jump Financial LLC acquired a new position in shares of The Goldman Sachs Group in the first quarter worth $9,596,000. 71.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on GS. BNP Paribas Exane lifted their target price on The Goldman Sachs Group from $685.00 to $775.00 and gave the company a “neutral” rating in a report on Friday, October 17th. Daiwa Capital Markets raised their target price on shares of The Goldman Sachs Group from $756.00 to $810.00 and gave the company a “neutral” rating in a report on Wednesday, October 8th. Wells Fargo & Company boosted their price target on shares of The Goldman Sachs Group from $785.00 to $855.00 and gave the stock an “overweight” rating in a report on Tuesday, September 16th. Morgan Stanley reduced their price objective on shares of The Goldman Sachs Group from $854.00 to $828.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 15th. Finally, Citigroup boosted their target price on shares of The Goldman Sachs Group from $700.00 to $765.00 and gave the stock a “neutral” rating in a research note on Thursday, October 16th. Four analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, The Goldman Sachs Group has a consensus rating of “Hold” and an average target price of $786.00.

Insider Activity

In related news, COO John E. Waldron sold 9,000 shares of the firm’s 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 transaction, the chief operating officer directly owned 106,268 shares in the company, valued at $79,755,196.68. This trade represents a 7.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Price Performance

GS opened at $790.56 on Friday. The Goldman Sachs Group, Inc. has a twelve month low of $439.38 and a twelve month high of $841.28. The firm has a market cap of $237.11 billion, a price-to-earnings ratio of 16.06, a PEG ratio of 1.43 and a beta of 1.41. 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 company has a fifty day simple moving average of $785.07 and a 200 day simple moving average of $710.58.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data 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 company had revenue of $15.18 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 19.5% on a year-over-year basis. During the same period in the prior year, the company posted $8.40 EPS. Equities research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 2nd will be issued a $4.00 dividend. This represents a $16.00 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Tuesday, December 2nd. The Goldman Sachs Group’s 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.