The Goldman Sachs Group, Inc. $GS Shares Acquired by Howe & Rusling Inc.

Howe & Rusling Inc. boosted its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 3.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,969 shares of the investment management company’s stock after purchasing an additional 623 shares during the period. The Goldman Sachs Group makes up about 1.1% of Howe & Rusling Inc.’s portfolio, making the stock its 23rd largest holding. Howe & Rusling Inc.’s holdings in The Goldman Sachs Group were worth $14,841,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in The Goldman Sachs Group by 17.1% during the fourth quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock worth $1,989,000 after buying an additional 508 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in shares of 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 valued at $508,000 after acquiring an additional 58 shares during the last quarter. Obermeyer Wealth Partners boosted its stake in shares of The Goldman Sachs Group by 51.8% during the 1st quarter. Obermeyer Wealth Partners now owns 554 shares of the investment management company’s stock worth $303,000 after acquiring an additional 189 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its holdings in shares of The Goldman Sachs Group by 82.3% in the 1st quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,628 shares of the investment management company’s stock worth $889,000 after acquiring an additional 735 shares during the last quarter. Finally, Oak Thistle LLC acquired a new stake in shares of The Goldman Sachs Group during the first quarter worth $1,276,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GS has been the subject of a number of recent analyst reports. BNP Paribas Exane increased their price target on The Goldman Sachs Group from $685.00 to $775.00 and gave the company a “neutral” rating in a research report on Friday, October 17th. Morgan Stanley decreased their target price on shares of The Goldman Sachs Group from $854.00 to $828.00 and set an “equal weight” rating for the company in a report on Wednesday, October 15th. Daiwa Capital Markets boosted their price target on shares of The Goldman Sachs Group from $756.00 to $810.00 and gave the company a “neutral” rating in a report on Wednesday, October 8th. UBS Group upped their price target on shares of The Goldman Sachs Group from $762.00 to $805.00 and gave the company a “neutral” rating in a research report on Tuesday, October 7th. Finally, Dbs Bank lifted their price objective on shares of The Goldman Sachs Group from $800.00 to $890.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Four equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $786.00.

The Goldman Sachs Group Stock Up 1.2%

GS stock opened at $785.42 on Thursday. The company has a 50 day moving average of $786.35 and a two-hundred day moving average of $715.26. The company has a market cap of $235.57 billion, a price-to-earnings ratio of 15.95, a PEG ratio of 1.43 and a beta of 1.41. The Goldman Sachs Group, Inc. has a 12-month low of $439.38 and a 12-month high of $841.28. The company has a quick ratio of 0.67, a current ratio of 1.11 and a debt-to-equity ratio of 2.23.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $15.18 billion for the quarter, compared to the consensus estimate of $13.68 billion. During the same period in the prior year, the business posted $8.40 earnings per share. The Goldman Sachs Group’s revenue for the quarter was up 19.5% compared to the same quarter last year. On average, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.0%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 32.50%.

Insider Activity

In related news, COO John E. Waldron sold 9,000 shares of the business’s stock in a transaction that occurred on Thursday, August 28th. The stock was 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 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.55% of the stock is currently owned by corporate insiders.

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.