Scientech Research LLC Purchases New Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Scientech Research LLC purchased a new stake in The Goldman Sachs Group, Inc. (NYSE:GS) in the second quarter, HoldingsChannel reports. The firm purchased 5,384 shares of the investment management company’s stock, valued at approximately $2,435,000. The Goldman Sachs Group accounts for approximately 0.5% of Scientech Research LLC’s investment portfolio, making the stock its 19th biggest position.

Other hedge funds and other institutional investors have also modified their holdings of the company. Waldron Private Wealth LLC boosted its holdings in shares of The Goldman Sachs Group by 0.8% during the 2nd quarter. Waldron Private Wealth LLC now owns 2,399 shares of the investment management company’s stock worth $1,085,000 after buying an additional 20 shares during the period. Fulton Bank N.A. raised its holdings in The Goldman Sachs Group by 0.8% in the 2nd quarter. Fulton Bank N.A. now owns 2,727 shares of the investment management company’s stock valued at $1,233,000 after acquiring an additional 22 shares in the last quarter. Nicholas Hoffman & Company LLC. raised its holdings in The Goldman Sachs Group by 1.1% in the 2nd quarter. Nicholas Hoffman & Company LLC. now owns 1,975 shares of the investment management company’s stock valued at $893,000 after acquiring an additional 22 shares in the last quarter. Jacobi Capital Management LLC raised its holdings in The Goldman Sachs Group by 1.5% in the 1st quarter. Jacobi Capital Management LLC now owns 1,564 shares of the investment management company’s stock valued at $653,000 after acquiring an additional 23 shares in the last quarter. Finally, Mayflower Financial Advisors LLC raised its holdings in The Goldman Sachs Group by 1.2% in the 2nd quarter. Mayflower Financial Advisors LLC now owns 2,019 shares of the investment management company’s stock valued at $913,000 after acquiring an additional 23 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Evercore ISI lifted their price objective on The Goldman Sachs Group from $475.00 to $520.00 and gave the company an “outperform” rating in a report on Tuesday, July 16th. UBS Group lifted their price objective on The Goldman Sachs Group from $490.00 to $535.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. JPMorgan Chase & Co. lifted their price objective on The Goldman Sachs Group from $464.00 to $472.00 and gave the company an “overweight” rating in a report on Monday, September 9th. Oppenheimer lifted their price objective on The Goldman Sachs Group from $504.00 to $559.00 and gave the company an “outperform” rating in a report on Tuesday, July 16th. Finally, Wolfe Research raised The Goldman Sachs Group to a “hold” rating in a report on Wednesday, September 18th. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $496.44.

Insider Activity

In other news, Director Thomas K. Montag sold 10,000 shares of the business’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $505.04, for a total value of $5,050,400.00. Following the transaction, the director now directly owns 12,450 shares of the company’s stock, valued at approximately $6,287,748. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Brian J. Lee sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $505.99, for a total transaction of $1,770,965.00. Following the transaction, the insider now directly owns 12,095 shares of the company’s stock, valued at approximately $6,119,949.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Thomas K. Montag sold 10,000 shares of the stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $505.04, for a total value of $5,050,400.00. Following the completion of the sale, the director now directly owns 12,450 shares of the company’s stock, valued at $6,287,748. The disclosure for this sale can be found here. 0.54% of the stock is owned by company insiders.

The Goldman Sachs Group Trading Up 1.2 %

Shares of GS stock opened at $497.05 on Friday. The firm has a market capitalization of $156.97 billion, a P/E ratio of 19.41, a P/E/G ratio of 0.78 and a beta of 1.36. The Goldman Sachs Group, Inc. has a twelve month low of $289.36 and a twelve month high of $517.26. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.20. The stock’s fifty day simple moving average is $491.97 and its 200 day simple moving average is $457.25.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Monday, July 15th. The investment management company reported $8.62 earnings per share for the quarter, topping analysts’ consensus estimates of $8.52 by $0.10. The business had revenue of $12.73 billion for the quarter, compared to analyst estimates of $12.60 billion. The Goldman Sachs Group had a return on equity of 10.56% and a net margin of 9.36%. As a group, sell-side analysts predict that The Goldman Sachs Group, Inc. will post 35.43 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be paid a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.41%. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $2.75. The ex-dividend date is Friday, August 30th. The Goldman Sachs Group’s payout ratio is currently 46.86%.

About The Goldman Sachs Group

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 financing under securities to resale agreements.