Natixis Has $130.21 Million Holdings in The Goldman Sachs Group, Inc. $GS

Natixis grew its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 231.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 183,983 shares of the investment management company’s stock after purchasing an additional 128,536 shares during the period. The Goldman Sachs Group comprises 0.6% of Natixis’ portfolio, making the stock its 20th largest holding. Natixis owned about 0.06% of The Goldman Sachs Group worth $130,214,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Kingstone Capital Partners Texas LLC increased its stake in The Goldman Sachs Group by 617,504.5% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 29,058,291 shares of the investment management company’s stock valued at $20,566,005,000 after buying an additional 29,053,586 shares during the period. Norges Bank acquired a new stake in shares of The Goldman Sachs Group during the 2nd quarter valued at $2,138,031,000. Nuveen LLC purchased a new position in shares of The Goldman Sachs Group during the 1st quarter valued at $897,185,000. Ninety One UK Ltd acquired a new position in shares of The Goldman Sachs Group in the second quarter worth $408,780,000. Finally, AGF Management Ltd. increased its stake in shares of The Goldman Sachs Group by 2,429.6% in the second quarter. AGF Management Ltd. now owns 485,375 shares of the investment management company’s stock worth $343,524,000 after acquiring an additional 466,187 shares during the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Daiwa Capital Markets boosted their target price on The Goldman Sachs Group from $756.00 to $810.00 and gave the company a “neutral” rating in a research note on Wednesday, October 8th. Citigroup raised their price target on The Goldman Sachs Group from $700.00 to $765.00 and gave the stock a “neutral” rating in a research note on Thursday, October 16th. BMO Capital Markets began coverage on The Goldman Sachs Group in a research note on Friday, October 3rd. They issued a “market perform” rating and a $785.00 price target for the company. UBS Group lifted their target price on shares of The Goldman Sachs Group from $762.00 to $805.00 and gave the company a “neutral” rating in a research note on Tuesday, October 7th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of The Goldman Sachs Group from $725.00 to $790.00 and gave the stock a “hold” rating in a research report on Tuesday, September 30th. Four analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $786.00.

The Goldman Sachs Group Stock Up 1.9%

GS opened at $854.06 on Monday. The firm has a market cap of $256.16 billion, a P/E ratio of 17.35, a price-to-earnings-growth ratio of 1.13 and a beta of 1.36. The company has a debt-to-equity ratio of 2.53, a quick ratio of 0.65 and a current ratio of 0.65. The business has a 50 day moving average price of $790.53 and a 200 day moving average price of $735.13. The Goldman Sachs Group, Inc. has a twelve month low of $439.38 and a twelve month high of $856.20.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Tuesday, October 14th. The investment management company reported $12.25 EPS for the quarter, beating analysts’ consensus estimates of $10.27 by $1.98. The company had revenue of $15.18 billion for the quarter, compared to analyst estimates of $13.68 billion. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 15.29%. The company’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the firm posted $8.40 earnings per share. Research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd will be given a dividend of $4.00 per share. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a $16.00 dividend on an annualized basis and a yield of 1.9%. The Goldman Sachs Group’s payout ratio is currently 32.50%.

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 financing under securities to resale agreements.