Goldman Sachs Group Inc (GS) Holdings Increased by WINTON GROUP Ltd

WINTON GROUP Ltd grew its holdings in shares of Goldman Sachs Group Inc (NYSE:GS) by 144.9% in the second quarter, HoldingsChannel.com reports. The fund owned 5,165 shares of the investment management company’s stock after acquiring an additional 3,056 shares during the quarter. WINTON GROUP Ltd’s holdings in Goldman Sachs Group were worth $1,139,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of GS. Summit Trail Advisors LLC grew its holdings in Goldman Sachs Group by 24,200.2% during the 1st quarter. Summit Trail Advisors LLC now owns 944,790 shares of the investment management company’s stock worth $945,000 after acquiring an additional 940,902 shares during the period. Renaissance Technologies LLC boosted its position in shares of Goldman Sachs Group by 716.4% during the 2nd quarter. Renaissance Technologies LLC now owns 801,657 shares of the investment management company’s stock worth $176,821,000 after purchasing an additional 703,457 shares in the last quarter. Investec Asset Management LTD boosted its position in shares of Goldman Sachs Group by 360.3% during the 2nd quarter. Investec Asset Management LTD now owns 704,170 shares of the investment management company’s stock worth $155,319,000 after purchasing an additional 551,181 shares in the last quarter. Millennium Management LLC boosted its position in shares of Goldman Sachs Group by 100.6% during the 1st quarter. Millennium Management LLC now owns 999,532 shares of the investment management company’s stock worth $251,742,000 after purchasing an additional 501,354 shares in the last quarter. Finally, PointState Capital LP bought a new position in shares of Goldman Sachs Group during the 1st quarter worth about $109,184,000. Hedge funds and other institutional investors own 70.95% of the company’s stock.

In related news, insider David M. Solomon sold 8,382 shares of the firm’s stock in a transaction dated Wednesday, July 18th. The shares were sold at an average price of $232.08, for a total value of $1,945,294.56. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider David M. Solomon sold 8,488 shares of the firm’s stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $237.92, for a total transaction of $2,019,464.96. The disclosure for this sale can be found here. 2.57% of the stock is currently owned by company insiders.

A number of research firms have recently issued reports on GS. Wolfe Research began coverage on shares of Goldman Sachs Group in a research report on Tuesday. They set an “outperform” rating on the stock. Wells Fargo & Co reissued a “buy” rating on shares of Goldman Sachs Group in a research report on Thursday, September 20th. Zacks Investment Research cut shares of Goldman Sachs Group from a “buy” rating to a “hold” rating in a research report on Wednesday, September 12th. JPMorgan Chase & Co. reissued a “buy” rating and set a $285.00 price objective on shares of Goldman Sachs Group in a research report on Monday, September 10th. Finally, Societe Generale raised shares of Goldman Sachs Group from a “sell” rating to a “hold” rating in a research report on Wednesday, July 18th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $273.69.

Shares of NYSE GS opened at $228.88 on Thursday. Goldman Sachs Group Inc has a fifty-two week low of $218.89 and a fifty-two week high of $275.31. The stock has a market capitalization of $87.78 billion, a P/E ratio of 11.58, a price-to-earnings-growth ratio of 0.74 and a beta of 1.27. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 3.02.

Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Tuesday, July 17th. The investment management company reported $5.98 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.66 by $1.32. Goldman Sachs Group had a net margin of 15.72% and a return on equity of 13.58%. The business had revenue of $9.40 billion for the quarter, compared to analysts’ expectations of $8.74 billion. During the same quarter last year, the firm earned $3.95 EPS. The firm’s revenue for the quarter was up 19.2% compared to the same quarter last year. sell-side analysts expect that Goldman Sachs Group Inc will post 24.69 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 27th. Investors of record on Thursday, August 30th will be given a $0.80 dividend. The ex-dividend date is Wednesday, August 29th. This represents a $3.20 annualized dividend and a yield of 1.40%. Goldman Sachs Group’s payout ratio is 16.19%.

Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through 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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Institutional Ownership by Quarter for Goldman Sachs Group (NYSE:GS)

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