Intact Investment Management Inc. Acquires 600 Shares of The Goldman Sachs Group, Inc. $GS

Intact Investment Management Inc. boosted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 18.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,900 shares of the investment management company’s stock after buying an additional 600 shares during the period. Intact Investment Management Inc.’s holdings in The Goldman Sachs Group were worth $2,760,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Winthrop Advisory Group LLC raised its stake in shares of The Goldman Sachs Group by 3.4% during the 2nd quarter. Winthrop Advisory Group LLC now owns 429 shares of the investment management company’s stock valued at $303,000 after purchasing an additional 14 shares during the period. Avion Wealth grew its holdings in The Goldman Sachs Group by 31.1% during the 2nd quarter. Avion Wealth now owns 59 shares of the investment management company’s stock valued at $41,000 after buying an additional 14 shares in the last quarter. KPP Advisory Services LLC increased its position in shares of The Goldman Sachs Group by 2.1% during the second quarter. KPP Advisory Services LLC now owns 668 shares of the investment management company’s stock valued at $473,000 after buying an additional 14 shares during the period. Dumont & Blake Investment Advisors LLC lifted its holdings in shares of The Goldman Sachs Group by 0.7% in the second quarter. Dumont & Blake Investment Advisors LLC now owns 2,241 shares of the investment management company’s stock worth $1,586,000 after buying an additional 15 shares in the last quarter. Finally, WealthBridge Capital Management LLC boosted its position in shares of The Goldman Sachs Group by 3.1% in the second quarter. WealthBridge Capital Management LLC now owns 495 shares of the investment management company’s stock valued at $350,000 after acquiring an additional 15 shares during the period. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Wall Street Analyst Weigh In

GS has been the topic of a number of analyst reports. Citigroup upped 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 report on Thursday, October 16th. Dbs Bank boosted their price target on shares of The Goldman Sachs Group from $800.00 to $890.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. Evercore ISI increased their price objective on The Goldman Sachs Group from $752.00 to $830.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 30th. Weiss Ratings reissued a “hold (c)” rating on shares of The Goldman Sachs Group in a research note on Monday, December 1st. Finally, Morgan Stanley decreased their target price on The Goldman Sachs Group from $854.00 to $828.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 15th. Four equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $786.00.

The Goldman Sachs Group Stock Up 1.6%

GS opened at $890.31 on Thursday. The stock has a market cap of $267.03 billion, a PE ratio of 18.08, a P/E/G ratio of 1.16 and a beta of 1.36. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 2.53. The Goldman Sachs Group, Inc. has a 52 week low of $439.38 and a 52 week high of $897.20. The business’s fifty day simple moving average is $795.42 and its 200 day simple moving average is $740.03.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.27 by $1.98. The firm had revenue of $15.18 billion during the quarter, compared to analyst estimates of $13.68 billion. The Goldman Sachs Group had a return on equity of 15.29% and a net margin of 13.18%.The company’s revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $8.40 earnings per share. As a group, research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd will be paid a $4.00 dividend. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a $16.00 annualized dividend and a yield of 1.8%. The Goldman Sachs Group’s dividend 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.