Welch Group LLC lifted its stake in The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 4.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,022 shares of the investment management company’s stock after buying an additional 659 shares during the quarter. Welch Group LLC’s holdings in The Goldman Sachs Group were worth $15,326,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Turim 21 Investimentos Ltda. purchased a new position in shares of The Goldman Sachs Group during the first quarter valued at about $25,000. Strive Financial Group LLC lifted its position in shares of The Goldman Sachs Group by 316.7% in the second quarter. Strive Financial Group LLC now owns 25 shares of the investment management company’s stock worth $25,000 after buying an additional 19 shares in the last quarter. BOK Financial Private Wealth Inc. lifted its position in shares of The Goldman Sachs Group by 188.9% in the second quarter. BOK Financial Private Wealth Inc. now owns 26 shares of the investment management company’s stock worth $26,000 after buying an additional 17 shares in the last quarter. Cherry Tree Wealth Management LLC lifted its position in shares of The Goldman Sachs Group by 100.0% in the third quarter. Cherry Tree Wealth Management LLC now owns 30 shares of the investment management company’s stock worth $27,000 after buying an additional 15 shares in the last quarter. Finally, Clearstead Trust LLC bought a new position in The Goldman Sachs Group during the second quarter valued at approximately $33,000. Institutional investors own 71.21% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on GS shares. Barclays upped their price objective on The Goldman Sachs Group from $1,048.00 to $1,245.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. Weiss Ratings lowered shares of The Goldman Sachs Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday. TD Cowen began coverage on shares of The Goldman Sachs Group in a research note on Thursday, October 8th. They set a “buy” rating and a $1,050.00 price target on the stock. Evercore reiterated an “outperform” rating on shares of The Goldman Sachs Group in a research report on Monday, July 6th. Finally, Loop Capital set a $1,050.00 price objective on shares of The Goldman Sachs Group in a research report on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $1,049.52.
View Our Latest Research Report on The Goldman Sachs Group
Insider Buying and Selling at The Goldman Sachs Group
In other The Goldman Sachs Group news, insider Ericka Leslie sold 250 shares of The Goldman Sachs Group stock in a transaction on Thursday, October 22nd. The shares were sold at an average price of $890.25, for a total transaction of $222,562.50. Following the completion of the transaction, the insider directly owned 10,710 shares of the company’s stock, valued at $9,534,577.50. The trade was a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David Solomon sold 12,000 shares of the business’s stock in a transaction on Tuesday, October 27th. The shares were sold at an average price of $910.72, for a total transaction of $10,928,640.00. Following the transaction, the chief executive officer owned 159,180 shares in the company, valued at $144,968,409.60. This trade represents a 7.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 12,500 shares of company stock valued at $11,380,508 over the last ninety days. 0.55% of the stock is owned by insiders.
The Goldman Sachs Group Trading Down 0.2%
Shares of GS stock opened at $892.49 on Monday. The company has a market cap of $259.87 billion, a PE ratio of 12.83, a price-to-earnings-growth ratio of 0.84 and a beta of 1.29. The Goldman Sachs Group, Inc. has a 1 year low of $754.00 and a 1 year high of $1,153.99. The stock’s 50 day simple moving average is $947.65 and its two-hundred day simple moving average is $958.04. The company has a debt-to-equity ratio of 2.82, a current ratio of 1.10 and a quick ratio of 0.63.
The Goldman Sachs Group (NYSE:GS – Get Free Report) last announced its earnings results on Tuesday, October 13th. The investment management company reported $17.01 EPS for the quarter, topping analysts’ consensus estimates of $12.86 by $4.15. The firm had revenue of $18.68 billion during the quarter, compared to analysts’ expectations of $16.83 billion. The Goldman Sachs Group had a return on equity of 19.55% and a net margin of 15.77%. The company’s quarterly revenue was up 23.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $12.25 EPS. Research analysts predict that The Goldman Sachs Group, Inc. will post 70.89 earnings per share for the current year.
The Goldman Sachs Group Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 30th. Investors of record on Wednesday, December 2nd will be given a $5.00 dividend. The ex-dividend date is Wednesday, December 2nd. This represents a $20.00 dividend on an annualized basis and a yield of 2.2%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 28.76%.
The Goldman Sachs Group Company Profile
The Goldman Sachs Group, Inc is a global financial services company that provides investment banking, securities, asset management and wealth management services to corporations, financial institutions, governments and individual investors. Its investment banking activities include advising on mergers and acquisitions, public and private offerings, restructurings and other strategic transactions.
Through its global markets businesses, Goldman Sachs helps clients buy and sell securities and other financial instruments and provides financing, risk management and market-making services.
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