AMF Tjanstepension AB Has $90.08 Million Stock Holdings in The Goldman Sachs Group, Inc. $GS

Key Points

• AMF Tjanstepension AB has increased its stake in The Goldman Sachs Group by 27.9% during the second quarter, resulting in holdings valued at $90.08 million.
• The Goldman Sachs Group reported an EPS of $10.91 for the last quarter, significantly exceeding the consensus estimate of $9.82.
• The firm recently raised its quarterly dividend to $4.00 per share, an increase from the previous $3.00, representing an annual yield of 2.0%.

AMF Tjanstepension AB increased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 27.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 127,212 shares of the investment management company's stock after purchasing an additional 27,766 shares during the period. AMF Tjanstepension AB's holdings in The Goldman Sachs Group were worth $90,075,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in GS. Brighton Jones LLC lifted its position in shares of The Goldman Sachs Group by 17.1% during the 4th quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company's stock worth $1,989,000 after purchasing an additional 508 shares during the last quarter. Revolve Wealth Partners LLC raised its holdings in The Goldman Sachs Group by 7.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company's stock valued at $508,000 after acquiring an additional 58 shares in the last quarter. NBC Securities Inc. acquired a new position in The Goldman Sachs Group in the 1st quarter valued at approximately $240,000. Fermata Advisors LLC acquired a new position in The Goldman Sachs Group in the 1st quarter valued at approximately $306,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in The Goldman Sachs Group by 21.3% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,151 shares of the investment management company's stock valued at $629,000 after acquiring an additional 202 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company's stock.

The Goldman Sachs Group Stock Up 1.4%

NYSE GS opened at $790.32 on Friday. The firm has a market cap of $239.25 billion, a PE ratio of 17.42, a price-to-earnings-growth ratio of 1.62 and a beta of 1.42. The Goldman Sachs Group, Inc. has a one year low of $439.38 and a one year high of $825.25. The stock's 50 day simple moving average is $755.05 and its 200 day simple moving average is $655.05. The company has a debt-to-equity ratio of 2.57, a current ratio of 0.67 and a quick ratio of 0.67.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings results on Wednesday, July 16th. The investment management company reported $10.91 EPS for the quarter, topping analysts' consensus estimates of $9.82 by $1.09. The business had revenue of $14.58 billion for the quarter, compared to analyst estimates of $13.53 billion. The Goldman Sachs Group had a return on equity of 14.32% and a net margin of 12.37%.The Goldman Sachs Group's revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the prior year, the company earned $8.62 EPS. As a group, sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, August 29th were given a dividend of $4.00 per share. This is a boost from The Goldman Sachs Group's previous quarterly dividend of $3.00. The ex-dividend date was Friday, August 29th. This represents a $16.00 dividend on an annualized basis and a yield of 2.0%. The Goldman Sachs Group's dividend payout ratio is currently 35.26%.

Insiders Place Their Bets

In related news, COO John E. Waldron sold 9,000 shares of the stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $750.51, for a total transaction of $6,754,590.00. Following the sale, the chief operating officer directly owned 106,268 shares in the company, valued at $79,755,196.68. This represents a 7.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David M. Solomon sold 6,608 shares of The Goldman Sachs Group stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $712.31, for a total value of $4,706,944.48. Following the completion of the sale, the chief executive officer directly owned 126,176 shares of the company's stock, valued at $89,876,426.56. This trade represents a 4.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,323 shares of company stock valued at $28,111,828 in the last 90 days. Insiders own 0.55% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on GS. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of The Goldman Sachs Group in a report on Saturday, September 27th. Morgan Stanley upped their price target on The Goldman Sachs Group from $706.00 to $854.00 and gave the company an "equal weight" rating in a report on Monday. Citigroup upped their price target on The Goldman Sachs Group from $550.00 to $700.00 and gave the company a "neutral" rating in a report on Monday, July 21st. HSBC reaffirmed a "reduce" rating and issued a $627.00 price target (up previously from $558.00) on shares of The Goldman Sachs Group in a report on Tuesday, July 8th. Finally, JMP Securities reissued a "market perform" rating and issued a $600.00 target price on shares of The Goldman Sachs Group in a report on Monday, July 14th. Five equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $713.88.

The Goldman Sachs Group Company 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 financing under securities to resale agreements.

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