Matrix Asset Advisors Inc. NY Has $12.94 Million Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Matrix Asset Advisors Inc. NY lifted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GSGet Rating) by 3.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,556 shares of the investment management company’s stock after buying an additional 1,461 shares during the quarter. The Goldman Sachs Group comprises approximately 2.0% of Matrix Asset Advisors Inc. NY’s investment portfolio, making the stock its 19th biggest holding. Matrix Asset Advisors Inc. NY’s holdings in The Goldman Sachs Group were worth $12,937,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Golden State Wealth Management LLC boosted its position in shares of The Goldman Sachs Group by 3.6% during the 4th quarter. Golden State Wealth Management LLC now owns 929 shares of the investment management company’s stock valued at $355,000 after acquiring an additional 32 shares in the last quarter. Atlas Private Wealth Advisors raised its stake in shares of The Goldman Sachs Group by 1.8% during the first quarter. Atlas Private Wealth Advisors now owns 1,868 shares of the investment management company’s stock worth $617,000 after buying an additional 33 shares during the last quarter. Delta Financial Advisors LLC raised its stake in shares of The Goldman Sachs Group by 0.5% during the first quarter. Delta Financial Advisors LLC now owns 7,226 shares of the investment management company’s stock worth $2,385,000 after buying an additional 33 shares during the last quarter. Peoples Financial Services CORP. raised its stake in shares of The Goldman Sachs Group by 0.8% during the first quarter. Peoples Financial Services CORP. now owns 4,254 shares of the investment management company’s stock worth $1,405,000 after buying an additional 34 shares during the last quarter. Finally, Mayflower Financial Advisors LLC increased its stake in The Goldman Sachs Group by 2.1% in the first quarter. Mayflower Financial Advisors LLC now owns 1,689 shares of the investment management company’s stock valued at $558,000 after purchasing an additional 34 shares in the last quarter. Institutional investors own 69.08% of the company’s stock.

Wall Street Analyst Weigh In

GS has been the subject of several research analyst reports. Piper Sandler reduced their price target on shares of The Goldman Sachs Group from $430.00 to $410.00 and set an “overweight” rating for the company in a report on Friday, July 1st. Credit Suisse Group set a $415.00 price objective on shares of The Goldman Sachs Group in a research report on Tuesday, July 19th. Barclays dropped their price objective on shares of The Goldman Sachs Group from $505.00 to $450.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 19th. Morgan Stanley lowered their price target on shares of The Goldman Sachs Group from $418.00 to $354.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 12th. Finally, Odeon Capital Group downgraded shares of The Goldman Sachs Group from a “hold” rating to a “sell” rating in a research note on Tuesday, September 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $410.79.

The Goldman Sachs Group Price Performance

GS stock traded down $11.22 during mid-day trading on Friday, reaching $301.70. 37,201 shares of the company’s stock were exchanged, compared to its average volume of 1,745,132. The company has a market cap of $102.99 billion, a price-to-earnings ratio of 7.07, a price-to-earnings-growth ratio of 0.73 and a beta of 1.36. The stock’s 50 day moving average is $332.92 and its 200 day moving average is $320.79. The Goldman Sachs Group, Inc. has a 12-month low of $277.84 and a 12-month high of $426.16. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.87 and a quick ratio of 0.87.

The Goldman Sachs Group (NYSE:GSGet Rating) last released its earnings results on Monday, July 18th. The investment management company reported $7.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.99 by $0.74. The firm had revenue of $11.86 billion during the quarter, compared to analyst estimates of $10.70 billion. The Goldman Sachs Group had a return on equity of 15.89% and a net margin of 27.75%. The Goldman Sachs Group’s revenue was down 22.9% compared to the same quarter last year. During the same period last year, the business posted $15.02 earnings per share. On average, research analysts expect that The Goldman Sachs Group, Inc. will post 34.18 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently announced a dividend, which was paid on Wednesday, August 10th. Shareholders of record on Tuesday, July 26th were issued a $2.50 dividend. The ex-dividend date was Monday, July 25th. The Goldman Sachs Group’s dividend payout ratio is currently 22.61%.

Insider Activity at The Goldman Sachs Group

In other news, Treasurer Philip R. Berlinski sold 8,000 shares of the firm’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $348.62, for a total transaction of $2,788,960.00. Following the transaction, the treasurer now owns 13,745 shares in the company, valued at approximately $4,791,781.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Goldman Sachs Group Inc sold 110,584 shares of the stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $27.03, for a total value of $2,989,085.52. Following the transaction, the director now directly owns 1,200,172 shares of the company’s stock, valued at $32,440,649.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Treasurer Philip R. Berlinski sold 8,000 shares of the stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $348.62, for a total transaction of $2,788,960.00. Following the sale, the treasurer now owns 13,745 shares in the company, valued at $4,791,781.90. The disclosure for this sale can be found here. Insiders have sold 793,689 shares of company stock worth $23,413,742 over the last quarter. 0.57% of the stock is currently owned by company insiders.

The Goldman Sachs Group Profile

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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 four segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management.

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

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