Nuveen Asset Management LLC lifted its position in shares of Goldman Sachs Group Inc (NYSE:GS) by 4.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,913,725 shares of the investment management company’s stock after buying an additional 81,283 shares during the quarter. Nuveen Asset Management LLC’s holdings in Goldman Sachs Group were worth $378,190,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of GS. Harvest Fund Management Co. Ltd purchased a new position in Goldman Sachs Group during the first quarter valued at approximately $26,000. Ninety One SA PTY Ltd acquired a new position in Goldman Sachs Group in the first quarter valued at $33,000. Howe & Rusling Inc. acquired a new position in Goldman Sachs Group in the second quarter valued at $35,000. Heritage Wealth Advisors boosted its holdings in Goldman Sachs Group by 495.0% in the second quarter. Heritage Wealth Advisors now owns 1,190 shares of the investment management company’s stock valued at $39,000 after acquiring an additional 990 shares during the last quarter. Finally, Costello Asset Management INC acquired a new position in Goldman Sachs Group in the second quarter valued at $44,000. 68.70% of the stock is currently owned by institutional investors.

Goldman Sachs Group stock traded up $5.28 during midday trading on Wednesday, hitting $203.28. The stock had a trading volume of 173,717 shares, compared to its average volume of 3,779,712. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.82. The business has a fifty day moving average price of $205.04 and a 200 day moving average price of $191.60. Goldman Sachs Group Inc has a 12 month low of $130.85 and a 12 month high of $250.46. The stock has a market cap of $68.13 billion, a P/E ratio of 10.75, a P/E/G ratio of 6.84 and a beta of 1.42.

Goldman Sachs Group (NYSE:GS) last issued its earnings results on Wednesday, July 15th. The investment management company reported $6.26 EPS for the quarter, beating the Zacks’ consensus estimate of $3.78 by $2.48. Goldman Sachs Group had a return on equity of 9.07% and a net margin of 13.40%. The company had revenue of $13.30 billion during the quarter, compared to the consensus estimate of $9.76 billion. During the same period in the previous year, the firm posted $5.81 earnings per share. Goldman Sachs Group’s quarterly revenue was up 40.5% compared to the same quarter last year. On average, equities analysts anticipate that Goldman Sachs Group Inc will post 12.28 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 1st will be paid a $1.25 dividend. The ex-dividend date is Monday, August 31st. This represents a $5.00 dividend on an annualized basis and a yield of 2.46%. Goldman Sachs Group’s payout ratio is currently 23.78%.

A number of research analysts recently weighed in on GS shares. Odeon Capital Group upgraded Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $207.00 target price on the stock in a report on Tuesday, May 26th. TheStreet lowered Goldman Sachs Group from a “b-” rating to a “c+” rating in a research report on Friday, August 14th. DA Davidson raised their price objective on Goldman Sachs Group from $215.00 to $238.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. Oppenheimer raised their price objective on Goldman Sachs Group from $335.00 to $355.00 in a research report on Thursday, July 16th. Finally, Morgan Stanley raised their price objective on Goldman Sachs Group from $177.00 to $192.00 and gave the company an “equal weight” rating in a research report on Thursday, July 16th. One analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $243.52.

Goldman Sachs Group Profile

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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Institutional Ownership by Quarter for Goldman Sachs Group (NYSE:GS)

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