9,115 Shares in Goldman Sachs Group Inc (GS) Purchased by Steward Partners Investment Advisory LLC
Steward Partners Investment Advisory LLC acquired a new stake in shares of Goldman Sachs Group Inc (NYSE:GS) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 9,115 shares of the investment management company’s stock, valued at approximately $2,162,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quantbot Technologies LP raised its stake in shares of Goldman Sachs Group by 223.8% during the 2nd quarter. Quantbot Technologies LP now owns 39,237 shares of the investment management company’s stock valued at $8,706,000 after buying an additional 27,121 shares during the last quarter. Tudor Investment Corp ET AL grew its position in shares of Goldman Sachs Group by 29.9% during the 2nd quarter. Tudor Investment Corp ET AL now owns 20,480 shares of the investment management company’s stock valued at $4,545,000 after acquiring an additional 4,714 shares during the period. YorkBridge Wealth Partners LLC grew its position in shares of Goldman Sachs Group by 23.8% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 792 shares of the investment management company’s stock valued at $180,000 after acquiring an additional 152 shares during the period. Bank of Montreal Can grew its position in shares of Goldman Sachs Group by 33.1% during the 2nd quarter. Bank of Montreal Can now owns 392,464 shares of the investment management company’s stock valued at $87,090,000 after acquiring an additional 97,532 shares during the period. Finally, Cornerstone Investment Partners LLC acquired a new stake in shares of Goldman Sachs Group during the 2nd quarter valued at about $42,536,000. Institutional investors and hedge funds own 73.27% of the company’s stock.
GS has been the topic of a number of analyst reports. Credit Suisse Group cut Goldman Sachs Group from an “outperform” rating to a “neutral” rating and raised their target price for the company from $240.00 to $255.00 in a research report on Monday, October 9th. They noted that the move was a valuation call. Royal Bank of Canada restated a “hold” rating and set a $240.00 target price on shares of Goldman Sachs Group in a research report on Thursday, August 31st. Keefe, Bruyette & Woods restated a “hold” rating and set a $240.00 target price on shares of Goldman Sachs Group in a research report on Thursday, October 19th. BMO Capital Markets raised their target price on Goldman Sachs Group from $202.00 to $217.00 and gave the company a “market perform” rating in a research report on Wednesday, October 18th. Finally, Zacks Investment Research cut Goldman Sachs Group from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Goldman Sachs Group presently has an average rating of “Hold” and an average price target of $248.10.
Shares of Goldman Sachs Group Inc (NYSE GS) opened at $256.48 on Wednesday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 2.82. Goldman Sachs Group Inc has a twelve month low of $209.62 and a twelve month high of $262.00. The stock has a market capitalization of $98,079.93, a PE ratio of 13.54, a P/E/G ratio of 1.32 and a beta of 1.47.
Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Tuesday, October 17th. The investment management company reported $5.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.17 by $0.85. Goldman Sachs Group had a return on equity of 11.34% and a net margin of 26.42%. The company had revenue of $8.33 billion for the quarter, compared to analysts’ expectations of $7.59 billion. During the same period in the previous year, the firm posted $4.88 EPS. Goldman Sachs Group’s revenue was up 2.0% compared to the same quarter last year. equities research analysts anticipate that Goldman Sachs Group Inc will post 19.03 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, November 30th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.17%. The ex-dividend date is Wednesday, November 29th. Goldman Sachs Group’s payout ratio is 15.63%.
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Goldman Sachs Group Profile
The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.
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