Farr Miller & Washington LLC DC trimmed its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 20.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 119,414 shares of the investment management company’s stock after selling 31,424 shares during the quarter. The Goldman Sachs Group makes up 2.1% of Farr Miller & Washington LLC DC’s holdings, making the stock its 20th biggest holding. Farr Miller & Washington LLC DC’s holdings in The Goldman Sachs Group were worth $23,999,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the company. Slow Capital Inc. bought a new stake in The Goldman Sachs Group in the third quarter worth approximately $31,000. Crewe Advisors LLC increased its holdings in The Goldman Sachs Group by 42.8% in the third quarter. Crewe Advisors LLC now owns 207 shares of the investment management company’s stock worth $42,000 after purchasing an additional 62 shares in the last quarter. West Oak Capital LLC bought a new stake in shares of The Goldman Sachs Group during the third quarter valued at approximately $48,000. CX Institutional increased its holdings in shares of The Goldman Sachs Group by 183.0% during the second quarter. CX Institutional now owns 249 shares of the investment management company’s stock valued at $49,000 after acquiring an additional 161 shares in the last quarter. Finally, Clear Harbor Asset Management LLC bought a new stake in shares of The Goldman Sachs Group during the third quarter valued at approximately $65,000. 68.70% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE GS opened at $233.88 on Monday. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.76 and a current ratio of 0.73. The firm has a market capitalization of $80.99 billion, a price-to-earnings ratio of 9.92, a PEG ratio of 4.34 and a beta of 1.41. The stock has a 50 day moving average price of $209.90 and a 200 day moving average price of $203.07. The Goldman Sachs Group, Inc. has a 52-week low of $130.85 and a 52-week high of $250.46.
The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Tuesday, October 20th. The investment management company reported $9.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.57 by $4.11. The firm had revenue of $10.70 billion during the quarter, compared to analyst estimates of $9.40 billion. The Goldman Sachs Group had a return on equity of 11.23% and a net margin of 16.65%. The Goldman Sachs Group’s quarterly revenue was up 28.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.79 earnings per share. Analysts forecast that The Goldman Sachs Group, Inc. will post 19.08 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 30th. Investors of record on Wednesday, December 2nd will be issued a $1.25 dividend. The ex-dividend date is Tuesday, December 1st. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.14%. The Goldman Sachs Group’s payout ratio is 23.78%.
Several research analysts have weighed in on GS shares. Citigroup boosted their price objective on The Goldman Sachs Group from $285.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, October 15th. Barclays upped their target price on The Goldman Sachs Group from $253.00 to $270.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 15th. Oppenheimer increased their price objective on The Goldman Sachs Group from $326.00 to $356.00 in a research report on Thursday, October 15th. UBS Group upgraded The Goldman Sachs Group from a “neutral” rating to a “buy” rating and increased their price objective for the company from $220.00 to $245.00 in a research report on Wednesday, September 23rd. Finally, Credit Suisse Group reiterated a “buy” rating and set a $262.00 price objective (up from $255.00) on shares of The Goldman Sachs Group in a research report on Monday, October 19th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and fifteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $253.60.
The Goldman Sachs Group Company Profile
The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates in four segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The company's Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and middle-market lending, relationship lending, and acquisition financing, as well as transaction banking services.
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