Goldman Sachs Group Inc (NYSE:GS) Shares Purchased by Parametric Portfolio Associates LLC
Parametric Portfolio Associates LLC grew its stake in Goldman Sachs Group Inc (NYSE:GS) by 9.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,076,269 shares of the investment management company’s stock after buying an additional 91,566 shares during the quarter. Parametric Portfolio Associates LLC’s holdings in Goldman Sachs Group were worth $220,205,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the business. Roundview Capital LLC lifted its holdings in shares of Goldman Sachs Group by 23.3% in the first quarter. Roundview Capital LLC now owns 9,819 shares of the investment management company’s stock valued at $1,885,000 after purchasing an additional 1,853 shares in the last quarter. Busey Wealth Management purchased a new stake in Goldman Sachs Group in the 2nd quarter worth approximately $3,126,000. Edmond DE Rothschild Holding S.A. increased its stake in Goldman Sachs Group by 34.4% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 1,386 shares of the investment management company’s stock valued at $266,000 after purchasing an additional 355 shares during the last quarter. Northeast Financial Consultants Inc increased its stake in shares of Goldman Sachs Group by 12.5% during the 1st quarter. Northeast Financial Consultants Inc now owns 11,886 shares of the investment management company’s stock valued at $2,282,000 after acquiring an additional 1,317 shares during the last quarter. Finally, Garrison Asset Management LLC increased its position in Goldman Sachs Group by 8.3% during the first quarter. Garrison Asset Management LLC now owns 7,556 shares of the investment management company’s stock worth $1,451,000 after purchasing an additional 578 shares during the last quarter. 69.17% of the stock is owned by institutional investors.
NYSE GS traded up $0.74 on Wednesday, hitting $216.37. 1,258,437 shares of the company were exchanged, compared to its average volume of 1,770,217. Goldman Sachs Group Inc has a 1-year low of $151.70 and a 1-year high of $238.52. The firm has a 50 day moving average of $206.53 and a two-hundred day moving average of $200.97. The company has a market cap of $76.22 billion, a P/E ratio of 8.56, a P/E/G ratio of 0.77 and a beta of 1.34. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 2.78.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 30th will be given a $1.25 dividend. This is a boost from Goldman Sachs Group’s previous quarterly dividend of $0.85. This represents a $5.00 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend is Thursday, August 29th. Goldman Sachs Group’s payout ratio is currently 19.79%.
Several equities analysts recently weighed in on GS shares. Deutsche Bank restated a “buy” rating on shares of Goldman Sachs Group in a report on Friday, June 28th. Keefe, Bruyette & Woods raised shares of Goldman Sachs Group from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $225.00 to $260.00 in a research report on Friday, July 26th. Zacks Investment Research upgraded Goldman Sachs Group from a “sell” rating to a “hold” rating and set a $207.00 price target for the company in a report on Tuesday, June 25th. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $240.00 price objective on shares of Goldman Sachs Group in a research report on Wednesday, July 17th. Finally, TheStreet raised Goldman Sachs Group from a “c+” rating to a “b” rating in a research report on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $240.92.
In other Goldman Sachs Group news, EVP Dane E. Holmes sold 3,165 shares of the business’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $212.15, for a total transaction of $671,454.75. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.41% of the company’s stock.
About Goldman Sachs Group
The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates in four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.
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