Voya Investment Management LLC Increases Position in Goldman Sachs Group Inc (GS)
Voya Investment Management LLC boosted its position in shares of Goldman Sachs Group Inc (NYSE:GS) by 3.4% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 166,454 shares of the investment management company’s stock after buying an additional 5,456 shares during the period. Voya Investment Management LLC’s holdings in Goldman Sachs Group were worth $36,715,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the stock. HRS Investment Holdings LLC boosted its stake in Goldman Sachs Group by 25.0% during the second quarter. HRS Investment Holdings LLC now owns 12,500 shares of the investment management company’s stock valued at $2,757,000 after buying an additional 2,500 shares in the last quarter. Valeo Financial Advisors LLC boosted its stake in Goldman Sachs Group by 21.8% during the second quarter. Valeo Financial Advisors LLC now owns 4,354 shares of the investment management company’s stock valued at $988,000 after buying an additional 780 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Goldman Sachs Group during the second quarter valued at $728,000. InterOcean Capital LLC lifted its holdings in shares of Goldman Sachs Group by 14.2% during the second quarter. InterOcean Capital LLC now owns 96,046 shares of the investment management company’s stock valued at $21,185,000 after purchasing an additional 11,930 shares during the last quarter. Finally, Wealthsource Partners LLC lifted its holdings in shares of Goldman Sachs Group by 84.8% during the second quarter. Wealthsource Partners LLC now owns 2,284 shares of the investment management company’s stock valued at $504,000 after purchasing an additional 1,048 shares during the last quarter. 71.04% of the stock is owned by institutional investors and hedge funds.
GS has been the subject of several analyst reports. Zacks Investment Research downgraded Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 22nd. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $280.00 target price on shares of Goldman Sachs Group in a report on Tuesday, June 12th. ValuEngine downgraded Goldman Sachs Group from a “hold” rating to a “sell” rating in a report on Thursday, June 21st. Credit Suisse Group raised Goldman Sachs Group from a “neutral” rating to an “outperform” rating in a report on Tuesday, July 17th. Finally, Keefe, Bruyette & Woods reduced their target price on Goldman Sachs Group from $260.00 to $255.00 and set a “hold” rating for the company in a report on Wednesday, July 18th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $273.69.
Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Tuesday, July 17th. The investment management company reported $5.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.66 by $1.32. The firm had revenue of $9.40 billion during the quarter, compared to the consensus estimate of $8.74 billion. Goldman Sachs Group had a return on equity of 13.58% and a net margin of 15.72%. The business’s revenue for the quarter was up 19.2% on a year-over-year basis. During the same period in the prior year, the business earned $3.95 EPS. research analysts forecast that Goldman Sachs Group Inc will post 24.92 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 27th. Investors of record on Thursday, August 30th will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.40%. The ex-dividend date is Wednesday, August 29th. Goldman Sachs Group’s dividend payout ratio is currently 16.19%.
In related news, insider David M. Solomon sold 8,382 shares of the stock in a transaction dated Wednesday, July 18th. The stock was sold at an average price of $232.08, for a total value of $1,945,294.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David M. Solomon sold 8,488 shares of the stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $237.92, for a total value of $2,019,464.96. The disclosure for this sale can be found here. 2.57% of the stock is currently owned by corporate insiders.
Goldman Sachs Group Profile
The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through 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.
Want to see what other hedge funds are holding GS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Goldman Sachs Group Inc (NYSE:GS).
Receive News & Ratings for Goldman Sachs Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goldman Sachs Group and related companies with MarketBeat.com's FREE daily email newsletter.