Swedbank AB Boosts Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Swedbank AB boosted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 4.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 339,047 shares of the investment management company’s stock after acquiring an additional 13,730 shares during the quarter. Swedbank AB’s holdings in The Goldman Sachs Group were worth $167,866,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in GS. International Assets Investment Management LLC purchased a new stake in shares of The Goldman Sachs Group in the 1st quarter worth $1,903,374,000. AMF Tjanstepension AB raised its position in shares of The Goldman Sachs Group by 1,102.4% in the 2nd quarter. AMF Tjanstepension AB now owns 810,836 shares of the investment management company’s stock worth $366,780,000 after acquiring an additional 743,402 shares in the last quarter. 1832 Asset Management L.P. raised its position in shares of The Goldman Sachs Group by 7,932.6% in the 2nd quarter. 1832 Asset Management L.P. now owns 444,285 shares of the investment management company’s stock worth $200,959,000 after acquiring an additional 438,754 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of The Goldman Sachs Group by 878.8% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 397,082 shares of the investment management company’s stock worth $179,608,000 after acquiring an additional 356,512 shares in the last quarter. Finally, Jennison Associates LLC raised its position in shares of The Goldman Sachs Group by 18.0% in the 1st quarter. Jennison Associates LLC now owns 1,801,395 shares of the investment management company’s stock worth $752,425,000 after acquiring an additional 274,509 shares in the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. UBS Group boosted their price target on The Goldman Sachs Group from $550.00 to $560.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Oppenheimer boosted their price target on The Goldman Sachs Group from $548.00 to $577.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Seaport Res Ptn lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 2nd. Keefe, Bruyette & Woods upped their target price on The Goldman Sachs Group from $485.00 to $520.00 and gave the company an “outperform” rating in a research report on Thursday, June 27th. Finally, JMP Securities upped their target price on The Goldman Sachs Group from $525.00 to $550.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 9th. Five investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, The Goldman Sachs Group presently has a consensus rating of “Moderate Buy” and an average price target of $504.75.

The Goldman Sachs Group Stock Performance

Shares of GS traded up $3.32 during mid-day trading on Tuesday, reaching $526.07. The company had a trading volume of 3,477,510 shares, compared to its average volume of 2,214,586. The Goldman Sachs Group, Inc. has a 52-week low of $289.36 and a 52-week high of $540.51. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.20. The stock has a market capitalization of $169.64 billion, a P/E ratio of 20.49, a PEG ratio of 0.77 and a beta of 1.36. The stock has a 50 day moving average of $494.34 and a two-hundred day moving average of $466.65.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Tuesday, October 15th. The investment management company reported $8.40 EPS for the quarter, topping analysts’ consensus estimates of $7.87 by $0.53. The Goldman Sachs Group had a return on equity of 10.56% and a net margin of 9.36%. The firm had revenue of $12.70 billion for the quarter, compared to the consensus estimate of $11.77 billion. During the same quarter in the prior year, the business earned $5.47 earnings per share. The company’s revenue was up 7.4% compared to the same quarter last year. On average, analysts expect that The Goldman Sachs Group, Inc. will post 35.52 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 2nd will be given a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 2.28%. The Goldman Sachs Group’s dividend payout ratio is currently 46.86%.

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.