AGF Management Ltd. Buys 16,509 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

AGF Management Ltd. grew its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1,061.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,065 shares of the investment management company’s stock after buying an additional 16,509 shares during the quarter. AGF Management Ltd.’s holdings in The Goldman Sachs Group were worth $8,171,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. International Assets Investment Management LLC bought a new stake in shares of The Goldman Sachs Group in the first quarter worth about $1,903,374,000. Norges Bank bought a new stake in shares of The Goldman Sachs Group in the fourth quarter worth about $1,120,119,000. AMF Tjanstepension AB grew its stake in shares of The Goldman Sachs Group by 1,102.4% in the second quarter. AMF Tjanstepension AB now owns 810,836 shares of the investment management company’s stock worth $366,780,000 after purchasing an additional 743,402 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of The Goldman Sachs Group by 27.0% in the fourth quarter. Wellington Management Group LLP now owns 2,184,196 shares of the investment management company’s stock worth $842,597,000 after purchasing an additional 464,954 shares during the last quarter. Finally, Verity & Verity LLC grew its stake in shares of The Goldman Sachs Group by 26,378.2% in the first quarter. Verity & Verity LLC now owns 407,764 shares of the investment management company’s stock worth $170,000 after purchasing an additional 406,224 shares during the last quarter. 71.21% of the stock is owned by institutional investors.

Insider Buying and Selling

In other The Goldman Sachs Group news, Director Thomas K. Montag sold 10,000 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, July 16th. The shares were 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 owns 12,450 shares of the company’s stock, valued at approximately $6,287,748. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other The Goldman Sachs Group news, insider Brian J. Lee sold 3,500 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $505.99, for a total value of $1,770,965.00. Following the completion of the sale, the insider now owns 12,095 shares of the company’s stock, valued at approximately $6,119,949.05. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Thomas K. Montag sold 10,000 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $505.04, for a total transaction 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 approximately $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 Price Performance

Shares of NYSE GS opened at $474.00 on Friday. The Goldman Sachs Group, Inc. has a twelve month low of $289.36 and a twelve month high of $517.26. The firm has a market cap of $152.85 billion, a P/E ratio of 18.51, a PEG ratio of 0.74 and a beta of 1.36. The company has a 50 day moving average of $490.04 and a 200 day moving average of $450.16. 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 Goldman Sachs Group (NYSE:GS) last announced 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 Goldman Sachs Group had a net margin of 9.36% and a return on equity of 10.56%. The company had revenue of $12.73 billion during the quarter, compared to analyst estimates of $12.60 billion. As a group, research analysts expect that The Goldman Sachs Group, Inc. will post 35.49 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 30th will be issued a $3.00 dividend. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $2.75. This represents a $12.00 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date is Friday, August 30th. The Goldman Sachs Group’s payout ratio is presently 46.86%.

Analyst Ratings Changes

GS has been the topic of several research reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $500.00 price objective on shares of The Goldman Sachs Group in a research report on Tuesday, July 30th. BMO Capital Markets lifted their price objective on The Goldman Sachs Group from $360.00 to $373.00 and gave the company a “market perform” rating in a research report on Wednesday, July 17th. Wells Fargo & Company lifted their price objective on The Goldman Sachs Group from $504.00 to $550.00 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. Barclays lifted their price objective on The Goldman Sachs Group from $493.00 to $565.00 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. Finally, Keefe, Bruyette & Woods lifted their price objective on The Goldman Sachs Group from $485.00 to $520.00 and gave the company an “outperform” rating in a research report on Thursday, June 27th. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $496.44.

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.