Clarius Group LLC Grows Stake in Goldman Sachs Group Inc (NYSE:GS)

Clarius Group LLC raised its stake in Goldman Sachs Group Inc (NYSE:GS) by 1.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,117 shares of the investment management company’s stock after purchasing an additional 51 shares during the quarter. Clarius Group LLC’s holdings in Goldman Sachs Group were worth $616,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in GS. Panagora Asset Management Inc. raised its position in Goldman Sachs Group by 177.7% in the fourth quarter. Panagora Asset Management Inc. now owns 24,723 shares of the investment management company’s stock valued at $5,685,000 after purchasing an additional 15,820 shares during the period. Franklin Resources Inc. raised its position in Goldman Sachs Group by 0.7% in the fourth quarter. Franklin Resources Inc. now owns 13,998 shares of the investment management company’s stock valued at $3,219,000 after purchasing an additional 103 shares during the period. Raymond James & Associates raised its position in Goldman Sachs Group by 2.0% in the fourth quarter. Raymond James & Associates now owns 170,458 shares of the investment management company’s stock valued at $39,194,000 after purchasing an additional 3,294 shares during the period. Vestcor Investment Management Corp purchased a new position in Goldman Sachs Group in the fourth quarter valued at about $1,271,000. Finally, Prospera Financial Services Inc raised its position in Goldman Sachs Group by 39.0% in the fourth quarter. Prospera Financial Services Inc now owns 4,317 shares of the investment management company’s stock valued at $993,000 after purchasing an additional 1,212 shares during the period. 68.07% of the stock is currently owned by institutional investors.

GS has been the topic of a number of analyst reports. BMO Capital Markets raised Goldman Sachs Group from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $205.00 to $276.00 in a research report on Thursday, May 14th. UBS Group lifted their target price on Goldman Sachs Group from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Morgan Stanley lifted their target price on Goldman Sachs Group from $164.00 to $177.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 25th. Royal Bank of Canada reaffirmed a “neutral” rating and set a $200.00 target price on shares of Goldman Sachs Group in a research report on Friday, July 3rd. Finally, Piper Sandler dropped their target price on Goldman Sachs Group from $278.00 to $214.00 and set an “overweight” rating on the stock in a research report on Friday, April 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and sixteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $229.73.

Shares of NYSE:GS opened at $202.25 on Thursday. The stock has a market capitalization of $68.56 billion, a PE ratio of 10.99, a P/E/G ratio of 5.55 and a beta of 1.46. Goldman Sachs Group Inc has a 1 year low of $130.85 and a 1 year high of $250.46. The firm has a fifty day moving average price of $199.75 and a 200 day moving average price of $202.46. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 2.78.

Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Wednesday, April 15th. The investment management company reported $3.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.83 by $0.28. The firm had revenue of $8.74 billion during the quarter, compared to analysts’ expectations of $7.92 billion. Goldman Sachs Group had a net margin of 14.04% and a return on equity of 9.26%. Goldman Sachs Group’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the prior year, the company posted $5.71 earnings per share. On average, sell-side analysts forecast that Goldman Sachs Group Inc will post 15.03 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Monday, June 1st were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date was Friday, May 29th. Goldman Sachs Group’s dividend payout ratio is presently 23.78%.

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.

Read More: What are the advantages to having securities held in street name?

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

Institutional Ownership by Quarter for Goldman Sachs Group (NYSE:GS)

Receive News & Ratings for Goldman Sachs Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goldman Sachs Group and related companies with MarketBeat.com's FREE daily email newsletter.