Burling Wealth Partners LLC Has $1.47 Million Stake in The Goldman Sachs Group, Inc. $GS

Burling Wealth Partners LLC lowered its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 9.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,078 shares of the investment management company’s stock after selling 225 shares during the period. Burling Wealth Partners LLC’s holdings in The Goldman Sachs Group were worth $1,471,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of GS. Brighton Jones LLC increased its stake in shares of 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 valued at $1,989,000 after buying an additional 508 shares during the period. Revolve Wealth Partners LLC grew its holdings in The Goldman Sachs Group by 7.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock worth $508,000 after acquiring an additional 58 shares during the last quarter. Larson Financial Group LLC increased its position in The Goldman Sachs Group by 2.9% in the 1st quarter. Larson Financial Group LLC now owns 1,675 shares of the investment management company’s stock valued at $915,000 after acquiring an additional 47 shares during the period. Cullen Frost Bankers Inc. increased its position in The Goldman Sachs Group by 37.0% in the 1st quarter. Cullen Frost Bankers Inc. now owns 100 shares of the investment management company’s stock valued at $55,000 after acquiring an additional 27 shares during the period. Finally, Ascent Wealth Partners LLC raised its stake in shares of The Goldman Sachs Group by 3.4% during the first quarter. Ascent Wealth Partners LLC now owns 7,190 shares of the investment management company’s stock valued at $3,928,000 after acquiring an additional 235 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other The Goldman Sachs Group 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 value 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. UBS Group boosted their price objective on shares of The Goldman Sachs Group from $762.00 to $805.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft upped their price target on The Goldman Sachs Group from $725.00 to $790.00 and gave the company a “hold” rating in a research report on Tuesday, September 30th. Keefe, Bruyette & Woods raised their price objective on The Goldman Sachs Group from $850.00 to $870.00 and gave the stock a “market perform” rating in a research report on Friday, October 17th. Barclays upped their target price on The Goldman Sachs Group from $720.00 to $850.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. Finally, Royal Bank Of Canada restated a “neutral” rating and set a $843.00 price target on shares of The Goldman Sachs Group in a report on Tuesday, October 14th. Three research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, The Goldman Sachs Group has a consensus rating of “Hold” and an average price target of $779.50.

The Goldman Sachs Group Trading Down 3.9%

NYSE GS opened at $806.56 on Friday. The stock has a market capitalization of $241.91 billion, a P/E ratio of 16.38, a P/E/G ratio of 1.43 and a beta of 1.41. The business has a 50 day simple moving average of $784.04 and a 200 day simple moving average of $707.77. 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 $841.28.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.27 by $1.98. The firm had revenue of $15.18 billion for the quarter, compared to analyst estimates of $13.68 billion. The Goldman Sachs Group had a return on equity of 14.79% and a net margin of 13.18%.The company’s revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $8.40 earnings per share. Research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 2nd will be paid a dividend of $4.00 per share. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a $16.00 annualized dividend and a yield of 2.0%. The Goldman Sachs Group’s dividend payout ratio is currently 32.50%.

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.