Zurcher Kantonalbank Zurich Cantonalbank decreased its holdings in shares of Goldman Sachs Group Inc (NYSE:GS) by 0.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 75,051 shares of the investment management company’s stock after selling 269 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Goldman Sachs Group were worth $15,355,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in GS. Toth Financial Advisory Corp raised its holdings in Goldman Sachs Group by 100.0% during the first quarter. Toth Financial Advisory Corp now owns 140 shares of the investment management company’s stock worth $27,000 after buying an additional 70 shares during the last quarter. Alera Investment Advisors LLC raised its holdings in shares of Goldman Sachs Group by 71.8% in the first quarter. Alera Investment Advisors LLC now owns 146 shares of the investment management company’s stock valued at $28,000 after purchasing an additional 61 shares during the last quarter. CNB Bank raised its holdings in shares of Goldman Sachs Group by 108.4% in the first quarter. CNB Bank now owns 173 shares of the investment management company’s stock valued at $33,000 after purchasing an additional 90 shares during the last quarter. Trustcore Financial Services LLC raised its holdings in shares of Goldman Sachs Group by 120.0% in the second quarter. Trustcore Financial Services LLC now owns 220 shares of the investment management company’s stock valued at $45,000 after purchasing an additional 120 shares during the last quarter. Finally, Truvestments Capital LLC purchased a new stake in shares of Goldman Sachs Group in the first quarter valued at about $47,000. Hedge funds and other institutional investors own 68.45% of the company’s stock.
GS traded down $0.10 during trading on Friday, hitting $206.90. 1,763,586 shares of the company traded hands, compared to its average volume of 2,657,278. The firm has a market capitalization of $74.39 billion, a price-to-earnings ratio of 8.19, a P/E/G ratio of 0.75 and a beta of 1.32. The firm’s fifty day moving average price is $209.33. The company has a current ratio of 0.85, a quick ratio of 0.86 and a debt-to-equity ratio of 2.78. Goldman Sachs Group Inc has a one year low of $151.70 and a one year high of $245.08.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 30th will be given a dividend of $1.25 per share. The ex-dividend date is Thursday, August 29th. This represents a $5.00 annualized dividend and a yield of 2.42%. This is a positive change from Goldman Sachs Group’s previous quarterly dividend of $0.85. Goldman Sachs Group’s dividend payout ratio is presently 13.45%.
Several analysts have recently commented on GS shares. TheStreet upgraded shares of Goldman Sachs Group from a “c+” rating to a “b” rating in a report on Tuesday. Keefe, Bruyette & Woods upgraded shares of Goldman Sachs Group from a “market perform” rating to an “outperform” rating and increased their target price for the company from $225.00 to $260.00 in a report on Friday, July 26th. Zacks Investment Research upgraded shares of Goldman Sachs Group from a “sell” rating to a “hold” rating and set a $207.00 target price for the company in a report on Tuesday, June 25th. Bank of America reiterated a “hold” rating and issued a $212.00 target price on shares of Goldman Sachs Group in a report on Monday, April 15th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and issued a $240.00 target price on shares of Goldman Sachs Group in a report on Wednesday, July 17th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $240.92.
In related news, EVP Dane E. Holmes sold 3,165 shares of the stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $212.15, for a total transaction of $671,454.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.41% of the stock is currently owned by corporate insiders.
About Goldman Sachs Group
The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates in 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.
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