Union Bancaire Privee UBP SA Has $19.77 Million Stake in The Goldman Sachs Group, Inc. $GS

Union Bancaire Privee UBP SA cut its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 8.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 24,828 shares of the investment management company’s stock after selling 2,170 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in The Goldman Sachs Group were worth $19,772,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of GS. Dogwood Wealth Management LLC boosted its position in The Goldman Sachs Group by 1,800.0% during the second quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company’s stock valued at $26,000 after acquiring an additional 36 shares during the last quarter. Clearstead Trust LLC acquired a new position in shares of The Goldman Sachs Group in the 2nd quarter valued at about $31,000. Graney & King LLC boosted its position in shares of The Goldman Sachs Group by 51.5% during the 2nd quarter. Graney & King LLC now owns 50 shares of the investment management company’s stock valued at $35,000 after purchasing an additional 17 shares in the last quarter. Ridgewood Investments LLC grew its stake in The Goldman Sachs Group by 45.9% during the second quarter. Ridgewood Investments LLC now owns 54 shares of the investment management company’s stock worth $38,000 after purchasing an additional 17 shares during the period. Finally, MeadowBrook Investment Advisors LLC acquired a new stake in The Goldman Sachs Group during the second quarter worth approximately $39,000. Institutional investors own 71.21% of the company’s stock.

Analysts Set New Price Targets

GS has been the topic of a number of research analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of The Goldman Sachs Group in a report on Monday. BNP Paribas Exane boosted their target price on shares of The Goldman Sachs Group from $685.00 to $775.00 and gave the company a “neutral” rating in a research report on Friday, October 17th. Royal Bank Of Canada increased their target price on shares of The Goldman Sachs Group from $843.00 to $900.00 and gave the stock a “sector perform” rating in a research note on Friday, December 12th. BMO Capital Markets started coverage on shares of The Goldman Sachs Group in a research note on Friday, October 3rd. They issued a “market perform” rating and a $785.00 price target for the company. Finally, Daiwa Capital Markets upped their price objective on shares of The Goldman Sachs Group from $756.00 to $810.00 and gave the company a “neutral” rating in a report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $787.06.

The Goldman Sachs Group Stock Down 1.1%

Shares of NYSE GS opened at $879.49 on Wednesday. The company has a debt-to-equity ratio of 2.53, a current ratio of 0.65 and a quick ratio of 0.65. The company has a 50-day moving average price of $803.70 and a 200-day moving average price of $749.05. The stock has a market capitalization of $263.78 billion, a P/E ratio of 17.86, a P/E/G ratio of 1.17 and a beta of 1.36. The Goldman Sachs Group, Inc. has a 1 year low of $439.38 and a 1 year high of $919.10.

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

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders 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 dividend yield of 1.8%. The Goldman Sachs Group’s dividend payout ratio is 32.50%.

The Goldman Sachs Group Company Profile

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.