Skandinaviska Enskilda Banken AB publ Purchases 1,752 Shares of Goldman Sachs Group Inc (GS)
Skandinaviska Enskilda Banken AB publ raised its stake in shares of Goldman Sachs Group Inc (NYSE:GS) by 2.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 61,564 shares of the investment management company’s stock after buying an additional 1,752 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Goldman Sachs Group were worth $14,602,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in GS. Sumitomo Mitsui Financial Group Inc. acquired a new position in Goldman Sachs Group during the 2nd quarter valued at about $101,000. Sterling Investment Advisors Ltd. grew its stake in shares of Goldman Sachs Group by 35.7% in the 2nd quarter. Sterling Investment Advisors Ltd. now owns 475 shares of the investment management company’s stock worth $105,000 after purchasing an additional 125 shares during the last quarter. Shine Investment Advisory Services Inc. acquired a new position in shares of Goldman Sachs Group in the 2nd quarter worth approximately $111,000. Gs Investments Inc. acquired a new position in shares of Goldman Sachs Group in the 2nd quarter worth approximately $111,000. Finally, First Personal Financial Services grew its stake in shares of Goldman Sachs Group by 230.2% in the 2nd quarter. First Personal Financial Services now owns 525 shares of the investment management company’s stock worth $116,000 after purchasing an additional 366 shares during the last quarter. 73.35% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Goldman Sachs Group Inc (NYSE:GS) traded up $1.79 on Monday, hitting $250.35. 1,959,000 shares of the company’s stock traded hands, compared to its average volume of 3,278,763. Goldman Sachs Group Inc has a one year low of $209.62 and a one year high of $255.15. The firm has a market capitalization of $94,432.40, a PE ratio of 13.04, a price-to-earnings-growth ratio of 1.27 and a beta of 1.47. The company has a debt-to-equity ratio of 2.82, a quick ratio of 0.90 and a current ratio of 0.90.
Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Tuesday, October 17th. The investment management company reported $5.02 EPS for the quarter, topping the consensus estimate of $4.17 by $0.85. The business had revenue of $8.33 billion during the quarter, compared to analysts’ expectations of $7.59 billion. Goldman Sachs Group had a net margin of 26.42% and a return on equity of 11.34%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the company posted $4.88 earnings per share. sell-side analysts forecast that Goldman Sachs Group Inc will post 19.03 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, November 30th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend is Wednesday, November 29th. Goldman Sachs Group’s dividend payout ratio is currently 15.63%.
Several equities analysts have recently issued reports on the stock. Vertical Group raised shares of Goldman Sachs Group from a “sell” rating to a “hold” rating in a research note on Friday. Bank of America lifted their price objective on shares of Goldman Sachs Group from $290.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Goldman Sachs Group in a research note on Monday, November 20th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $240.00 price objective on shares of Goldman Sachs Group in a research note on Wednesday, November 15th. Finally, Zacks Investment Research raised shares of Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $273.00 price objective on the stock in a research note on Tuesday, November 7th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $246.10.
In related news, insider Harvey M. Schwartz sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $245.00, for a total transaction of $6,125,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman Richard J. Gnodde sold 4,951 shares of the firm’s stock in a transaction that occurred on Wednesday, October 18th. The stock was sold at an average price of $239.95, for a total transaction of $1,187,992.45. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 135,177 shares of company stock valued at $32,435,160. 2.57% of the stock is currently owned by corporate insiders.
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About Goldman Sachs Group
The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.
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