Migdal Insurance & Financial Holdings Ltd. Has $67.67 Million Position in Goldman Sachs Group, Inc. (The) (NYSE:GS)

Migdal Insurance & Financial Holdings Ltd. boosted its position in Goldman Sachs Group, Inc. (The) (NYSE:GS) by 21.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 304,945 shares of the investment management company’s stock after acquiring an additional 53,969 shares during the quarter. Goldman Sachs Group, Inc. (The) accounts for approximately 1.5% of Migdal Insurance & Financial Holdings Ltd.’s portfolio, making the stock its 19th largest holding. Migdal Insurance & Financial Holdings Ltd. owned about 0.08% of Goldman Sachs Group, Inc. (The) worth $67,667,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Sumitomo Mitsui Financial Group Inc. bought a new stake in shares of Goldman Sachs Group, Inc. (The) in the second quarter worth about $101,000. WealthTrust Arizona LLC grew its stake in shares of Goldman Sachs Group, Inc. (The) by 97.1% in the second quarter. WealthTrust Arizona LLC now owns 469 shares of the investment management company’s stock worth $104,000 after purchasing an additional 231 shares during the last quarter. Sterling Investment Advisors Ltd. grew its stake in shares of Goldman Sachs Group, Inc. (The) by 35.7% in the second quarter. Sterling Investment Advisors Ltd. now owns 475 shares of the investment management company’s stock worth $105,000 after purchasing an additional 125 shares during the last quarter. Shine Investment Advisory Services Inc. bought a new stake in shares of Goldman Sachs Group, Inc. (The) in the second quarter worth about $111,000. Finally, First Personal Financial Services grew its stake in shares of Goldman Sachs Group, Inc. (The) by 230.2% in the second quarter. First Personal Financial Services now owns 525 shares of the investment management company’s stock worth $116,000 after purchasing an additional 366 shares during the last quarter. 74.41% of the stock is currently owned by institutional investors and hedge funds.

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GS has been the topic of several recent analyst reports. TheStreet raised Goldman Sachs Group, Inc. (The) from a “c+” rating to a “b” rating in a research note on Friday, October 13th. J P Morgan Chase & Co set a $260.00 price objective on shares of Goldman Sachs Group, Inc. (The) and gave the stock a “buy” rating in a report on Friday, September 15th. Zacks Investment Research upgraded shares of Goldman Sachs Group, Inc. (The) from a “hold” rating to a “buy” rating and set a $271.00 price objective for the company in a report on Friday, October 20th. Royal Bank Of Canada restated a “hold” rating and issued a $240.00 price objective on shares of Goldman Sachs Group, Inc. (The) in a report on Thursday, August 31st. Finally, HSBC Holdings plc lowered shares of Goldman Sachs Group, Inc. (The) from a “buy” rating to a “hold” rating and lifted their target price for the company from $223.80 to $250.00 in a report on Friday, August 11th. Three analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $245.06.

Shares of Goldman Sachs Group, Inc. (GS) opened at $240.15 on Monday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 2.82. The stock has a market cap of $90,584.94, a PE ratio of 12.51, a PEG ratio of 1.22 and a beta of 1.48. Goldman Sachs Group, Inc. has a 1 year low of $198.25 and a 1 year high of $255.15.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last announced its earnings results on Tuesday, October 17th. The investment management company reported $5.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.17 by $0.85. The firm had revenue of $8.33 billion for the quarter, compared to analysts’ expectations of $7.59 billion. Goldman Sachs Group, Inc. (The) had a net margin of 26.42% and a return on equity of 11.34%. The business’s revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the company earned $4.88 EPS. sell-side analysts anticipate that Goldman Sachs Group, Inc. will post 19.03 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Wednesday, November 29th. Goldman Sachs Group, Inc. (The)’s dividend payout ratio is 15.63%.

In related news, Vice Chairman Richard J. Gnodde sold 4,951 shares of the company’s stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $239.95, for a total transaction of $1,187,992.45. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director David A. Viniar sold 7,393 shares of the company’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $245.18, for a total transaction of $1,812,615.74. The disclosure for this sale can be found here. Insiders have sold a total of 37,344 shares of company stock worth $9,125,608 over the last 90 days. Corporate insiders own 2.57% of the company’s stock.

Goldman Sachs Group, Inc. (The) Profile

The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.

Institutional Ownership by Quarter for Goldman Sachs Group, Inc. (The) (NYSE:GS)

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