EP Wealth Advisors LLC Has $14.93 Million Stock Holdings in The Goldman Sachs Group, Inc. $GS

EP Wealth Advisors LLC boosted its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 37.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,765 shares of the investment management company's stock after buying an additional 4,055 shares during the quarter. EP Wealth Advisors LLC's holdings in The Goldman Sachs Group were worth $14,933,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BOK Financial Private Wealth Inc. raised its position in The Goldman Sachs Group by 188.9% in the 2nd quarter. BOK Financial Private Wealth Inc. now owns 26 shares of the investment management company's stock valued at $26,000 after purchasing an additional 17 shares during the last quarter. Garton & Associates Financial Advisors LLC acquired a new position in The Goldman Sachs Group during the 4th quarter worth about $26,000. Turim 21 Investimentos Ltda. bought a new stake in The Goldman Sachs Group during the 1st quarter worth about $25,000. Manning & Napier Advisors LLC raised its holdings in shares of The Goldman Sachs Group by 287.5% during the fourth quarter. Manning & Napier Advisors LLC now owns 31 shares of the investment management company's stock worth $27,000 after acquiring an additional 23 shares during the period. Finally, Steph & Co. bought a new position in The Goldman Sachs Group during the 1st quarter worth about $27,000. Institutional investors and hedge funds own 71.21% of the company's stock.

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock opened at $1,041.35 on Monday. The firm has a market capitalization of $303.21 billion, a P/E ratio of 16.07, a PEG ratio of 1.05 and a beta of 1.30. The business has a fifty day moving average price of $1,053.96 and a 200-day moving average price of $964.52. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.63 and a quick ratio of 0.63. The Goldman Sachs Group, Inc. has a one year low of $718.58 and a one year high of $1,153.99.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings results on Tuesday, July 14th. The investment management company reported $20.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $14.47 by $6.51. The Goldman Sachs Group had a return on equity of 19.16% and a net margin of 15.53%.The company had revenue of $20.34 billion for the quarter, compared to the consensus estimate of $16.22 billion. During the same quarter in the previous year, the business earned $10.91 EPS. The Goldman Sachs Group's revenue was up 39.4% compared to the same quarter last year. As a group, equities research analysts forecast that The Goldman Sachs Group, Inc. will post 68.89 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 1st will be paid a $5.00 dividend. This represents a $20.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Tuesday, September 1st. This is a boost from The Goldman Sachs Group's previous quarterly dividend of $4.50. The Goldman Sachs Group's dividend payout ratio (DPR) is currently 27.78%.

Key Headlines Impacting The Goldman Sachs Group

Here are the key news stories impacting The Goldman Sachs Group this week:

• Positive Sentiment: Goldman Sachs was among the financial giants receiving a “Buy” growth grade, reinforcing the view that its earnings growth, capital-markets franchise and strategic positioning remain attractive. Citigroup and Goldman Sachs lead as most financial giants earn Buy growth grades
• Positive Sentiment: The firm is reportedly expanding into India’s government share-sale market. Greater participation in equity offerings could create additional investment-banking revenue and deepen Goldman’s presence in a fast-growing market. Goldman Sachs expands into India's government share sale market
• Positive Sentiment: Goldman agreed to pay up to $2.25 billion for NEOS Investments, the issuer of high-income ETFs. The acquisition supports Goldman’s asset-management and wealth-products strategy, although investors will monitor the price paid and integration execution. Goldman Sachs acquisition of NEOS Investments
• Neutral Sentiment: Goldman research said gold could exceed its $4,900 year-end forecast amid options demand, Western investor buying and central-bank purchases. The call may benefit the firm’s commodities and trading franchise, but changing interest-rate expectations could increase market volatility and forecasting risk. Gold could top Goldman's forecast
• Negative Sentiment: Goldman strategists described July as one of the sharpest hedge-fund de-grossing episodes of the past decade, with hedge funds posting an unusually weak month relative to the S&P 500. Continued de-risking could pressure trading activity and investment-banking sentiment across Wall Street. Goldman Sachs hedge funds worst month versus S&P 500

Analysts Set New Price Targets

Several brokerages have issued reports on GS. Wells Fargo & Company raised their price objective on shares of The Goldman Sachs Group from $1,195.00 to $1,325.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 15th. Weiss Ratings raised The Goldman Sachs Group from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, August 6th. Keefe, Bruyette & Woods increased their target price on The Goldman Sachs Group from $1,050.00 to $1,130.00 and gave the company a "market perform" rating in a research report on Wednesday, July 15th. Wall Street Zen cut The Goldman Sachs Group from a "buy" rating to a "hold" rating in a report on Saturday, August 15th. Finally, BMO Capital Markets lifted their price target on shares of The Goldman Sachs Group from $1,070.00 to $1,190.00 and gave the company a "market perform" rating in a research report on Wednesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, The Goldman Sachs Group currently has a consensus rating of "Moderate Buy" and an average target price of $1,062.86.

The Goldman Sachs Group Profile

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs' core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

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