Tompkins Financial Corp decreased its position in shares of Goldman Sachs Group Inc (NYSE:GS) by 7.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 680 shares of the investment management company’s stock after selling 57 shares during the period. Tompkins Financial Corp’s holdings in Goldman Sachs Group were worth $134,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also made changes to their positions in the company. Sciencast Management LP grew its holdings in Goldman Sachs Group by 166.6% during the 2nd quarter. Sciencast Management LP now owns 18,875 shares of the investment management company’s stock worth $3,972,000 after acquiring an additional 11,796 shares during the period. Pacer Advisors Inc. acquired a new position in Goldman Sachs Group in the second quarter valued at about $5,126,000. Horst & Graben Wealth Management LLC bought a new position in Goldman Sachs Group during the 2nd quarter worth approximately $222,000. Tranquility Partners LLC raised its holdings in Goldman Sachs Group by 10.9% in the second quarter. Tranquility Partners LLC now owns 3,715 shares of the investment management company’s stock worth $734,000 after purchasing an additional 364 shares during the period. Finally, Intact Investment Management Inc. bought a new position in shares of Goldman Sachs Group during the second quarter worth $1,659,000. Institutional investors own 68.02% of the company’s stock.
Shares of NYSE:GS opened at $197.96 on Friday. Goldman Sachs Group Inc has a 52-week low of $130.85 and a 52-week high of $250.46. The company has a market capitalization of $68.62 billion, a PE ratio of 10.59, a price-to-earnings-growth ratio of 4.61 and a beta of 1.46. The company has a debt-to-equity ratio of 2.42, a quick ratio of 0.79 and a current ratio of 1.24. The company has a fifty day moving average of $202.93 and a 200-day moving average of $199.51.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 1st will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a $5.00 annualized dividend and a yield of 2.53%. Goldman Sachs Group’s dividend payout ratio is presently 23.78%.
Several research analysts have weighed in on the company. Berenberg Bank lifted their target price on Goldman Sachs Group from $160.00 to $200.00 and gave the stock a “hold” rating in a report on Monday, July 20th. Citigroup lifted their price target on Goldman Sachs Group from $245.00 to $265.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. Odeon Capital Group raised shares of Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $207.00 price objective on the stock in a research report on Tuesday, May 26th. Piper Sandler reduced their price target on Goldman Sachs Group from $278.00 to $214.00 and set an “overweight” rating for the company in a research report on Friday, April 3rd. Finally, Societe Generale upgraded shares of Goldman Sachs Group from a “sell” rating to a “buy” rating in a research note on Tuesday, April 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the company. Goldman Sachs Group currently has a consensus rating of “Buy” and a consensus price target of $242.57.
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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