1,964 Shares in The Goldman Sachs Group, Inc. $GS Purchased by International Private Wealth Advisors LLC

International Private Wealth Advisors LLC purchased a new stake in The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,964 shares of the investment management company’s stock, valued at approximately $1,768,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Orange County Employees Retirement System acquired a new position in The Goldman Sachs Group during the second quarter worth $69,537,544,000. BlackRock Inc. purchased a new stake in The Goldman Sachs Group in the 2nd quarter valued at $24,172,123,000. Bank of America Corp DE purchased a new stake in The Goldman Sachs Group in the 2nd quarter valued at $6,756,772,000. Bank of New York Mellon Corp acquired a new stake in shares of The Goldman Sachs Group in the 2nd quarter worth $2,560,028,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of The Goldman Sachs Group by 0.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,840,675 shares of the investment management company’s stock worth $1,556,706,000 after acquiring an additional 9,770 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Analyst Ratings Changes

GS has been the topic of several analyst reports. Weiss Ratings lowered The Goldman Sachs Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, October 28th. Zacks Research lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Friday, September 18th. Loop Capital set a $1,050.00 price objective on shares of The Goldman Sachs Group in a report on Thursday, October 8th. Freedom Broker upgraded shares of The Goldman Sachs Group from a “hold” rating to a “buy” rating and cut their price objective for the stock from $1,200.00 to $1,100.00 in a research report on Friday, October 23rd. Finally, BMO Capital Markets reduced their target price on shares of The Goldman Sachs Group from $970.00 to $950.00 and set a “market perform” rating on the stock in a research note on Monday, October 19th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $1,052.04.

View Our Latest Report on GS

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock opened at $927.11 on Thursday. The company’s 50 day simple moving average is $926.09 and its 200-day simple moving average is $956.18. The company has a debt-to-equity ratio of 3.20, a quick ratio of 0.61 and a current ratio of 0.61. The Goldman Sachs Group, Inc. has a 1 year low of $754.00 and a 1 year high of $1,153.99. The company has a market capitalization of $267.41 billion, a price-to-earnings ratio of 13.33, a price-to-earnings-growth ratio of 0.85 and a beta of 1.29.

The Goldman Sachs Group (NYSE:GS – Get Free Report) last posted its quarterly earnings data on Tuesday, October 13th. The investment management company reported $17.01 earnings per share for the quarter, topping analysts’ consensus estimates of $12.86 by $4.15. The Goldman Sachs Group had a net margin of 15.77% and a return on equity of 20.21%. The firm had revenue of $18.68 billion during the quarter, compared to analysts’ expectations of $16.83 billion. During the same quarter last year, the company posted $12.25 EPS. The firm’s quarterly revenue was up 23.0% on a year-over-year basis. As a group, equities research analysts expect that The Goldman Sachs Group, Inc. will post 71.49 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 30th. Shareholders of record on Wednesday, December 2nd will be paid a dividend of $5.00 per share. This represents a $20.00 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Wednesday, December 2nd. The Goldman Sachs Group’s dividend payout ratio is 28.76%.

Latest The Goldman Sachs Group News

Here’s some of the latest news about GS:

Insiders Place Their Bets

In other news, insider Ericka Leslie sold 250 shares of the firm’s stock in a transaction on Thursday, October 22nd. The stock was 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 in the company, valued at $9,534,577.50. This trade represents a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO David Solomon sold 12,000 shares of The Goldman Sachs Group stock in a transaction on Tuesday, October 27th. The shares were sold at an average price of $910.72, for a total value of $10,928,640.00. Following the completion of the sale, the chief executive officer directly owned 159,180 shares of the company’s stock, valued at $144,968,409.60. The trade was a 7.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 12,500 shares of company stock worth $11,380,508 over the last 90 days. 0.55% of the stock is owned by insiders.

About The Goldman Sachs Group

(Free Report)

The Goldman Sachs Group, Inc. is a global financial services firm founded in 1869 and headquartered in New York City. It serves corporations, financial institutions, governments and individuals across major financial markets worldwide. The company’s businesses include investment banking, global markets, and asset and wealth management. Its services include advising on mergers and acquisitions and other strategic transactions, helping clients raise capital, facilitating trading and risk management, and managing investments and wealth for institutions and individuals.

See Also

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

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