Quadrant Private Wealth Management LLC Buys 349 Shares of The Goldman Sachs Group, Inc. $GS

Quadrant Private Wealth Management LLC boosted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 13.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,961 shares of the investment management company’s stock after acquiring an additional 349 shares during the period. Quadrant Private Wealth Management LLC’s holdings in The Goldman Sachs Group were worth $2,096,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in The Goldman Sachs Group by 17.1% in the fourth quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock worth $1,989,000 after purchasing an additional 508 shares during the period. Revolve Wealth Partners LLC increased its stake in The Goldman Sachs Group by 7.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock valued at $508,000 after acquiring an additional 58 shares during the period. Brown Advisory Inc. raised its position in The Goldman Sachs Group by 1.8% in the first quarter. Brown Advisory Inc. now owns 12,792 shares of the investment management company’s stock worth $6,988,000 after purchasing an additional 224 shares in the last quarter. Linden Thomas Advisory Services LLC lifted its stake in The Goldman Sachs Group by 13.1% during the first quarter. Linden Thomas Advisory Services LLC now owns 620 shares of the investment management company’s stock worth $339,000 after purchasing an additional 72 shares during the period. Finally, Cornerstone Planning Group LLC boosted its holdings in The Goldman Sachs Group by 46.9% during the first quarter. Cornerstone Planning Group LLC now owns 72 shares of the investment management company’s stock valued at $38,000 after purchasing an additional 23 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Trading Down 0.2%

GS opened at $786.03 on Friday. The firm’s fifty day moving average is $778.04 and its two-hundred day moving average is $700.04. The firm has a market cap of $235.75 billion, a PE ratio of 15.97, a price-to-earnings-growth ratio of 1.43 and a beta of 1.41. The Goldman Sachs Group, Inc. has a twelve month low of $439.38 and a twelve month high of $825.25. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.67 and a current ratio of 1.11.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Tuesday, October 14th. The investment management company reported $12.25 EPS for the quarter, beating analysts’ consensus estimates of $10.27 by $1.98. The business had revenue of $15.18 billion during the quarter, compared to analysts’ expectations of $13.68 billion. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 14.79%. The firm’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $8.40 EPS. Equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The firm 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 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Tuesday, December 2nd. The Goldman Sachs Group’s payout ratio is 32.50%.

Insider Activity

In related news, COO John E. Waldron sold 9,244 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $750.11, for a total value of $6,934,016.84. Following the completion of the transaction, the chief operating officer directly owned 115,268 shares in the company, valued at approximately $86,463,679.48. The trade was a 7.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.55% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on GS shares. Citigroup raised their target price on The Goldman Sachs Group from $700.00 to $765.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. Wall Street Zen upgraded shares of The Goldman Sachs Group from a “sell” rating to a “hold” rating in a research note on Saturday, July 12th. Royal Bank Of Canada reiterated a “neutral” rating and set a $843.00 target price on shares of The Goldman Sachs Group in a research report on Tuesday, October 14th. Citizens Jmp restated a “market perform” rating on shares of The Goldman Sachs Group in a research report on Monday, July 14th. Finally, BMO Capital Markets assumed coverage on shares of The Goldman Sachs Group in a report on Friday, October 3rd. They set a “market perform” rating and a $785.00 price objective for the company. Three analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $779.50.

The Goldman Sachs Group 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.