LifeWealth Investments LLC Purchases 123 Shares of The Goldman Sachs Group, Inc. $GS

LifeWealth Investments LLC raised its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 19.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 759 shares of the investment management company’s stock after purchasing an additional 123 shares during the quarter. LifeWealth Investments LLC’s holdings in The Goldman Sachs Group were worth $537,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Winthrop Advisory Group LLC raised its position in shares of The Goldman Sachs Group by 3.4% in the second quarter. Winthrop Advisory Group LLC now owns 429 shares of the investment management company’s stock valued at $303,000 after purchasing an additional 14 shares during the period. Dumont & Blake Investment Advisors LLC grew its stake in The Goldman Sachs Group by 0.7% in the 2nd quarter. Dumont & Blake Investment Advisors LLC now owns 2,241 shares of the investment management company’s stock valued at $1,586,000 after buying an additional 15 shares in the last quarter. Mechanics Financial Corp grew its stake in The Goldman Sachs Group by 5.8% in the 2nd quarter. Mechanics Financial Corp now owns 294 shares of the investment management company’s stock valued at $208,000 after buying an additional 16 shares in the last quarter. TFB Advisors LLC raised its holdings in The Goldman Sachs Group by 2.0% during the 2nd quarter. TFB Advisors LLC now owns 826 shares of the investment management company’s stock valued at $585,000 after acquiring an additional 16 shares during the period. Finally, Ridgewood Investments LLC lifted its position in shares of The Goldman Sachs Group by 45.9% during the second quarter. Ridgewood Investments LLC now owns 54 shares of the investment management company’s stock worth $38,000 after acquiring an additional 17 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

Insiders Place Their Bets

In other news, COO John E. Waldron sold 9,000 shares of The Goldman Sachs Group stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $750.51, for a total transaction of $6,754,590.00. Following the completion of the sale, the chief operating officer directly owned 106,268 shares of the company’s stock, valued at approximately $79,755,196.68. The trade was a 7.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Denis P. Coleman sold 7,463 shares of The Goldman Sachs Group stock in a transaction on Friday, July 25th. The stock was sold at an average price of $724.40, for a total transaction of $5,406,197.20. Following the sale, the chief financial officer directly owned 18,594 shares of the company’s stock, valued at $13,469,493.60. This represents a 28.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,707 shares of company stock valued at $19,094,804 over the last ninety days. 0.55% of the stock is currently owned by insiders.

The Goldman Sachs Group Stock Down 2.0%

Shares of NYSE:GS opened at $744.18 on Thursday. The firm has a fifty day moving average price of $766.42 and a two-hundred day moving average price of $674.65. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.11 and a quick ratio of 0.67. The Goldman Sachs Group, Inc. has a one year low of $439.38 and a one year high of $825.25. The company has a market cap of $225.28 billion, a price-to-earnings ratio of 15.12, a PEG ratio of 1.39 and a beta of 1.42.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Tuesday, October 14th. The investment management company reported $12.25 EPS for the quarter, beating the consensus estimate of $10.27 by $1.98. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 14.79%. The firm had revenue of $11.33 billion during the quarter, compared to the consensus estimate of $13.68 billion. During the same period last year, the firm earned $8.40 EPS. The business’s quarterly revenue was up 19.5% compared to the same quarter last year. Analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd will be issued a dividend of $4.00 per share. This represents a $16.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Tuesday, December 2nd. The Goldman Sachs Group’s payout ratio is currently 32.50%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on GS shares. Barclays raised their price target on The Goldman Sachs Group from $720.00 to $850.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Royal Bank Of Canada restated a “neutral” rating and issued a $843.00 target price on shares of The Goldman Sachs Group in a research note on Tuesday, October 14th. UBS Group lifted their target price on The Goldman Sachs Group from $762.00 to $805.00 and gave the company a “neutral” rating in a report on Tuesday, October 7th. Zacks Research downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 16th. Finally, Citigroup raised their price objective on shares of The Goldman Sachs Group from $700.00 to $765.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. Three analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $779.50.

The Goldman Sachs Group Company 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.