Davidson Investment Advisors Increases Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Davidson Investment Advisors raised its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 0.1% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 58,053 shares of the investment management company’s stock after acquiring an additional 60 shares during the period. The Goldman Sachs Group makes up approximately 1.2% of Davidson Investment Advisors’ holdings, making the stock its 24th largest holding. Davidson Investment Advisors’ holdings in The Goldman Sachs Group were worth $18,724,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of GS. Norges Bank bought a new stake in The Goldman Sachs Group during the 4th quarter valued at approximately $759,531,000. Envestnet Asset Management Inc. boosted its position in shares of The Goldman Sachs Group by 608.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 2,390,752 shares of the investment management company’s stock worth $114,359,000 after purchasing an additional 2,053,162 shares in the last quarter. Morgan Stanley boosted its position in shares of The Goldman Sachs Group by 40.0% in the 4th quarter. Morgan Stanley now owns 5,936,351 shares of the investment management company’s stock worth $2,038,425,000 after purchasing an additional 1,696,350 shares in the last quarter. National Bank of Canada FI boosted its position in shares of The Goldman Sachs Group by 1,337.1% in the 2nd quarter. National Bank of Canada FI now owns 1,751,853 shares of the investment management company’s stock worth $572,072,000 after purchasing an additional 1,629,954 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich boosted its position in shares of The Goldman Sachs Group by 57,030.4% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,291,148 shares of the investment management company’s stock worth $416,447,000 after purchasing an additional 1,288,888 shares in the last quarter. 69.06% of the stock is owned by institutional investors.

The Goldman Sachs Group Stock Performance

Shares of NYSE:GS traded up $1.16 during midday trading on Monday, hitting $340.35. The company had a trading volume of 415,289 shares, compared to its average volume of 2,370,647. The company has a debt-to-equity ratio of 2.11, a current ratio of 0.77 and a quick ratio of 0.77. The company has a market cap of $110.99 billion, a price-to-earnings ratio of 16.44, a PEG ratio of 1.98 and a beta of 1.43. The Goldman Sachs Group, Inc. has a 12-month low of $289.36 and a 12-month high of $389.44. The company has a fifty day moving average of $319.07 and a two-hundred day moving average of $326.66.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Tuesday, October 17th. The investment management company reported $5.47 EPS for the quarter, topping the consensus estimate of $5.42 by $0.05. The firm had revenue of $11.82 billion during the quarter, compared to analyst estimates of $11.15 billion. The Goldman Sachs Group had a return on equity of 7.37% and a net margin of 7.77%. The Goldman Sachs Group’s revenue was down 1.3% on a year-over-year basis. During the same period in the prior year, the business posted $8.25 EPS. On average, equities research analysts expect that The Goldman Sachs Group, Inc. will post 22.98 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, November 30th will be issued a dividend of $2.75 per share. This represents a $11.00 annualized dividend and a dividend yield of 3.23%. The ex-dividend date is Wednesday, November 29th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 53.24%.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, major shareholder Goldman Sachs Group Inc sold 72,874 shares of the stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $0.71, for a total transaction of $51,740.54. Following the completion of the transaction, the insider now owns 397,954 shares of the company’s stock, valued at approximately $282,547.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on GS. HSBC began coverage on shares of The Goldman Sachs Group in a report on Thursday, September 7th. They issued a “buy” rating and a $403.00 price objective for the company. Oppenheimer boosted their price objective on shares of The Goldman Sachs Group from $447.00 to $468.00 and gave the stock an “outperform” rating in a report on Thursday. Morgan Stanley decreased their price objective on shares of The Goldman Sachs Group from $347.00 to $329.00 and set an “equal weight” rating for the company in a report on Tuesday, October 3rd. JMP Securities restated a “market outperform” rating and issued a $440.00 price objective on shares of The Goldman Sachs Group in a report on Wednesday, October 18th. Finally, Citigroup decreased their price objective on shares of The Goldman Sachs Group from $400.00 to $380.00 and set a “neutral” rating for the company in a report on Thursday, September 21st. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, The Goldman Sachs Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $393.76.

The Goldman Sachs Group 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 resale agreements.