Cambridge Investment Research Advisors Inc. Acquires 3,446 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Cambridge Investment Research Advisors Inc. grew its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 16.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,340 shares of the investment management company’s stock after purchasing an additional 3,446 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in The Goldman Sachs Group were worth $9,238,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in GS. Trinity Legacy Partners LLC raised its holdings in The Goldman Sachs Group by 32.3% in the 2nd quarter. Trinity Legacy Partners LLC now owns 6,250 shares of the investment management company’s stock worth $2,350,000 after acquiring an additional 1,527 shares during the period. Putnam Investments LLC raised its holdings in The Goldman Sachs Group by 8.0% in the 1st quarter. Putnam Investments LLC now owns 1,471,059 shares of the investment management company’s stock worth $481,037,000 after acquiring an additional 109,455 shares during the period. Baker Avenue Asset Management LP raised its holdings in The Goldman Sachs Group by 3.1% in the 1st quarter. Baker Avenue Asset Management LP now owns 10,051 shares of the investment management company’s stock worth $3,286,000 after acquiring an additional 298 shares during the period. Tarbox Family Office Inc. raised its holdings in The Goldman Sachs Group by 112.6% in the 2nd quarter. Tarbox Family Office Inc. now owns 2,643 shares of the investment management company’s stock worth $1,003,000 after acquiring an additional 1,400 shares during the period. Finally, GSA Capital Partners LLP raised its holdings in The Goldman Sachs Group by 298.8% in the 1st quarter. GSA Capital Partners LLP now owns 3,286 shares of the investment management company’s stock worth $1,075,000 after acquiring an additional 2,462 shares during the period. Institutional investors and hedge funds own 70.82% of the company’s stock.

Several research firms have issued reports on GS. Morgan Stanley raised their price target on shares of The Goldman Sachs Group from $332.00 to $384.00 and gave the stock an “underweight” rating in a research report on Thursday, July 29th. Oppenheimer raised their price target on shares of The Goldman Sachs Group from $493.00 to $540.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 14th. Jefferies Financial Group began coverage on shares of The Goldman Sachs Group in a research report on Wednesday, June 9th. They issued a “buy” rating and a $450.00 price target on the stock. Piper Sandler raised their price target on shares of The Goldman Sachs Group from $420.00 to $435.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 14th. Finally, JPMorgan Chase & Co. set a $458.00 price target on shares of The Goldman Sachs Group in a research report on Friday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $395.09.

Shares of GS stock opened at $391.46 on Friday. The Goldman Sachs Group, Inc. has a 12-month low of $185.52 and a 12-month high of $420.76. The company has a market capitalization of $131.96 billion, a P/E ratio of 7.07 and a beta of 1.50. The firm has a 50-day moving average price of $394.27 and a 200 day moving average price of $367.60. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 2.58.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Monday, July 12th. The investment management company reported $15.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.24 by $4.78. The Goldman Sachs Group had a net margin of 33.03% and a return on equity of 23.55%. The firm had revenue of $15.39 billion during the quarter, compared to the consensus estimate of $12.17 billion. During the same period last year, the firm posted $6.26 EPS. The firm’s quarterly revenue was up 15.8% on a year-over-year basis. As a group, research analysts expect that The Goldman Sachs Group, Inc. will post 52.72 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 29th. Shareholders of record on Wednesday, September 1st will be paid a $2.00 dividend. The ex-dividend date is Tuesday, August 31st. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $1.25. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.04%. The Goldman Sachs Group’s payout ratio is currently 23.36%.

The Goldman Sachs Group Company Profile

Goldman Sachs Group, Inc engages in global investment banking, securities, and investment management, which provides financial services. It operates through the following business segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The Investment Banking segment serves public and private sector clients around the world and provides financial advisory services, help companies raise capital to strengthen and grow their businesses and provide financing to corporate clients.

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

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