Lee Capital Holdings LLC Takes Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Lee Capital Holdings LLC purchased a new position in The Goldman Sachs Group, Inc. (NYSE:GS) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,000 shares of the investment management company’s stock, valued at approximately $1,407,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Stratos Wealth Partners LTD. raised its holdings in shares of The Goldman Sachs Group by 9.0% in the second quarter. Stratos Wealth Partners LTD. now owns 4,044 shares of the investment management company’s stock worth $799,000 after buying an additional 333 shares during the period. Duality Advisers LP purchased a new position in The Goldman Sachs Group during the 2nd quarter worth $1,998,000. Community Bank N.A. purchased a new position in The Goldman Sachs Group during the 2nd quarter worth $291,000. Brinker Capital Inc. lifted its holdings in shares of The Goldman Sachs Group by 15.0% in the 2nd quarter. Brinker Capital Inc. now owns 11,451 shares of the investment management company’s stock worth $2,263,000 after buying an additional 1,497 shares during the period. Finally, FARMERS & MERCHANTS TRUST Co OF LONG BEACH lifted its holdings in shares of The Goldman Sachs Group by 32.3% in the 2nd quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 4,381 shares of the investment management company’s stock worth $866,000 after buying an additional 1,070 shares during the period. Institutional investors own 68.70% of the company’s stock.

Shares of NYSE:GS traded down $2.79 during midday trading on Monday, reaching $232.61. The company’s stock had a trading volume of 36,348 shares, compared to its average volume of 3,672,562. The company has a quick ratio of 0.76, a current ratio of 0.73 and a debt-to-equity ratio of 2.63. The stock has a fifty day moving average of $209.90 and a 200 day moving average of $203.07. The Goldman Sachs Group, Inc. has a twelve month low of $130.85 and a twelve month high of $250.46. The firm has a market capitalization of $80.99 billion, a PE ratio of 9.92, a P/E/G ratio of 4.34 and a beta of 1.41.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Tuesday, October 20th. The investment management company reported $9.68 EPS for the quarter, beating the consensus estimate of $5.57 by $4.11. The company had revenue of $10.70 billion for the quarter, compared to analyst estimates of $9.40 billion. The Goldman Sachs Group had a net margin of 16.65% and a return on equity of 11.23%. The firm’s revenue was up 28.6% on a year-over-year basis. During the same period in the prior year, the company earned $4.79 earnings per share. Sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 19.08 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 30th. Investors of record on Wednesday, December 2nd will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend is Tuesday, December 1st. The Goldman Sachs Group’s dividend payout ratio (DPR) is 23.78%.

Several brokerages have issued reports on GS. Morgan Stanley cut shares of The Goldman Sachs Group from an “equal weight” rating to an “underweight” rating and set a $273.00 target price on the stock. in a report on Monday. Bank of America lifted their price objective on shares of The Goldman Sachs Group from $246.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, October 15th. UBS Group upgraded The Goldman Sachs Group from a “neutral” rating to a “buy” rating and upped their target price for the stock from $220.00 to $245.00 in a report on Wednesday, September 23rd. Barclays boosted their price target on The Goldman Sachs Group from $253.00 to $270.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 15th. Finally, BMO Capital Markets raised their price objective on The Goldman Sachs Group from $267.00 to $274.00 and gave the company an “outperform” rating in a research report on Thursday, October 15th. 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. The stock currently has an average rating of “Buy” and a consensus target price of $253.60.

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

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