Czech National Bank Raises Holdings in The Goldman Sachs Group, Inc. $GS

by · The Cerbat Gem

Czech National Bank boosted its position in The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 4.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,002 shares of the investment management company’s stock after purchasing an additional 3,332 shares during the period. Czech National Bank’s holdings in The Goldman Sachs Group were worth $53,083,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in The Goldman Sachs Group by 98.9% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 65,345 shares of the investment management company’s stock valued at $46,248,000 after purchasing an additional 32,489 shares during the last quarter. Sandy Cove Advisors LLC grew its holdings in The Goldman Sachs Group by 4.4% in the second quarter. Sandy Cove Advisors LLC now owns 893 shares of the investment management company’s stock valued at $632,000 after purchasing an additional 38 shares during the last quarter. Parisi Gray Wealth Management grew its holdings in The Goldman Sachs Group by 2.5% in the second quarter. Parisi Gray Wealth Management now owns 5,983 shares of the investment management company’s stock valued at $4,235,000 after purchasing an additional 145 shares during the last quarter. Davis Investment Partners LLC grew its holdings in The Goldman Sachs Group by 4.7% in the second quarter. Davis Investment Partners LLC now owns 940 shares of the investment management company’s stock valued at $664,000 after purchasing an additional 42 shares during the last quarter. Finally, Atwood & Palmer Inc. grew its holdings in The Goldman Sachs Group by 40,225.6% in the second quarter. Atwood & Palmer Inc. now owns 33,067 shares of the investment management company’s stock valued at $23,403,000 after purchasing an additional 32,985 shares during the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Price Performance

Shares of The Goldman Sachs Group stock opened at $787.29 on Tuesday. The Goldman Sachs Group, Inc. has a twelve month low of $439.38 and a twelve month high of $793.17. The stock has a market capitalization of $238.33 billion, a P/E ratio of 17.35, a PEG ratio of 1.64 and a beta of 1.41. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.57. The business’s fifty day moving average price is $730.38 and its 200 day moving average price is $632.90.

The Goldman Sachs Group (NYSE:GS – Get Free Report) last issued its earnings results on Wednesday, July 16th. The investment management company reported $10.91 earnings per share for the quarter, beating analysts’ consensus estimates of $9.82 by $1.09. The Goldman Sachs Group had a return on equity of 14.32% and a net margin of 12.37%.The firm had revenue of $14.58 billion for the quarter, compared to analysts’ expectations of $13.53 billion. During the same quarter last year, the firm earned $8.62 earnings per share. The firm’s revenue for the quarter was up 14.5% compared to the same quarter last year. As a group, research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, August 29th will be given a $4.00 dividend. This represents a $16.00 annualized dividend and a yield of 2.0%. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $3.00. The ex-dividend date of this dividend is Friday, August 29th. The Goldman Sachs Group’s dividend payout ratio is 35.26%.

Insider Buying and Selling

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 7,463 shares of the firm’s stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $724.40, for a total value of $5,406,197.20. Following the transaction, the chief financial officer directly owned 18,594 shares of the company’s stock, valued at $13,469,493.60. This trade represents a 28.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David M. Solomon sold 6,608 shares of the firm’s stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $712.31, for a total value of $4,706,944.48. Following the completion of the transaction, the chief executive officer directly owned 126,176 shares in the company, valued at $89,876,426.56. This trade represents a 4.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,323 shares of company stock valued at $28,111,828. 0.55% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on GS shares. Citizens Jmp reiterated a “market perform” rating on shares of The Goldman Sachs Group in a report on Monday, July 14th. Evercore ISI set a $715.00 target price on The Goldman Sachs Group and gave the company an “outperform” rating in a report on Thursday, July 10th. Morgan Stanley increased their target price on The Goldman Sachs Group from $680.00 to $715.00 and gave the company an “equal weight” rating in a report on Thursday, July 17th. Zacks Research upgraded The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a report on Friday, August 15th. Finally, JMP Securities reiterated a “market perform” rating and set a $600.00 target price on shares of The Goldman Sachs Group in a report on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $660.00.

Get Our Latest Research Report on The Goldman Sachs Group

About The Goldman Sachs Group

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding GS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Goldman Sachs Group, Inc. (NYSE:GS – Free Report).