Turtle Creek Wealth Advisors LLC Boosts Stake in The Goldman Sachs Group, Inc. $GS

Turtle Creek Wealth Advisors LLC increased its stake in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 74.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,833 shares of the investment management company’s stock after acquiring an additional 784 shares during the period. Turtle Creek Wealth Advisors LLC’s holdings in The Goldman Sachs Group were worth $1,460,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Dogwood Wealth Management LLC boosted its holdings in shares of The Goldman Sachs Group by 1,800.0% in the 2nd quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company’s stock worth $26,000 after purchasing an additional 36 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new position in shares of The Goldman Sachs Group during the 3rd quarter valued at about $26,000. First PREMIER Bank bought a new stake in The Goldman Sachs Group in the 3rd quarter worth approximately $28,000. Corundum Trust Company INC purchased a new stake in The Goldman Sachs Group in the third quarter worth approximately $29,000. Finally, Clearstead Trust LLC bought a new position in The Goldman Sachs Group during the second quarter valued at approximately $31,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Key Stories Impacting The Goldman Sachs Group

Here are the key news stories impacting The Goldman Sachs Group this week:

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Dbs Bank boosted 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 report on Thursday, November 13th. Deutsche Bank Aktiengesellschaft upped their price target on shares of 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of The Goldman Sachs Group in a report on Monday, December 22nd. BMO Capital Markets boosted their target price on The Goldman Sachs Group from $785.00 to $980.00 and gave the company a “market perform” rating in a research note on Tuesday, January 6th. Finally, Autonomous Res reduced their price target on The Goldman Sachs Group from $1,047.00 to $960.00 and set an “outperform” rating on the stock in a research report on Thursday, January 15th. Eight research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $891.57.

Get Our Latest Report on The Goldman Sachs Group

The Goldman Sachs Group Stock Down 1.5%

GS stock opened at $961.54 on Tuesday. The company has a quick ratio of 0.65, a current ratio of 1.13 and a debt-to-equity ratio of 2.29. The Goldman Sachs Group, Inc. has a twelve month low of $439.38 and a twelve month high of $984.70. The firm has a market cap of $288.39 billion, a PE ratio of 18.75, a price-to-earnings-growth ratio of 1.01 and a beta of 1.33. The business has a 50 day moving average of $871.86 and a 200 day moving average of $795.26.

The Goldman Sachs Group (NYSE:GSGet Free Report) last released its quarterly earnings data on Thursday, January 15th. The investment management company reported $14.01 EPS for the quarter, topping the consensus estimate of $11.52 by $2.49. The Goldman Sachs Group had a return on equity of 15.19% and a net margin of 13.73%.The company had revenue of $13.45 billion during the quarter, compared to the consensus estimate of $14.30 billion. During the same period last year, the company earned $11.95 EPS. The Goldman Sachs Group’s revenue for the quarter was down 3.0% on a year-over-year basis. On average, research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 2nd will be given a $4.50 dividend. The ex-dividend date is Monday, March 2nd. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $4.00. This represents a $18.00 annualized dividend and a yield of 1.9%. The Goldman Sachs Group’s payout ratio is 31.20%.

About The Goldman Sachs Group

(Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

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

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