FWG Holdings LLC Has $841,000 Position in The Goldman Sachs Group, Inc. $GS

FWG Holdings LLC grew its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 32.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,158 shares of the investment management company’s stock after purchasing an additional 282 shares during the quarter. FWG Holdings LLC’s holdings in The Goldman Sachs Group were worth $841,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in GS. Corps Capital Advisors LLC increased its holdings in shares of The Goldman Sachs Group by 2.8% in the second quarter. Corps Capital Advisors LLC now owns 3,304 shares of the investment management company’s stock worth $2,338,000 after acquiring an additional 89 shares in the last quarter. NewSquare Capital LLC grew its position in shares of The Goldman Sachs Group by 88.5% in the 2nd quarter. NewSquare Capital LLC now owns 230 shares of the investment management company’s stock valued at $163,000 after purchasing an additional 108 shares during the period. Rockline Wealth Management LLC bought a new stake in The Goldman Sachs Group during the 2nd quarter worth approximately $220,000. Magnolia Capital Advisors LLC increased its stake in The Goldman Sachs Group by 5.2% during the 2nd quarter. Magnolia Capital Advisors LLC now owns 503 shares of the investment management company’s stock worth $356,000 after purchasing an additional 25 shares in the last quarter. Finally, Prosperity Consulting Group LLC raised its holdings in The Goldman Sachs Group by 19.4% during the 2nd quarter. Prosperity Consulting Group LLC now owns 1,686 shares of the investment management company’s stock worth $1,193,000 after buying an additional 274 shares during the period. 71.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. HSBC upped their target price on shares of The Goldman Sachs Group from $652.00 to $677.00 in a research note on Thursday, October 2nd. Hsbc Global Res cut The Goldman Sachs Group from a “hold” rating to a “moderate sell” rating in a research report on Tuesday, July 8th. UBS Group lifted their target price on The Goldman Sachs Group from $762.00 to $805.00 and gave the company a “neutral” rating in a research report on Tuesday, October 7th. BNP Paribas Exane boosted their target price on The Goldman Sachs Group from $685.00 to $775.00 and gave the company a “neutral” rating in a research note on Friday, October 17th. Finally, Keefe, Bruyette & Woods raised their price target on shares of The Goldman Sachs Group from $850.00 to $870.00 and gave the stock a “market perform” rating in a research note on Friday, October 17th. Three research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, The Goldman Sachs Group currently has a consensus rating of “Hold” and a consensus price target of $779.50.

Insider Activity

In other The Goldman Sachs Group news, COO John E. Waldron sold 9,000 shares of the company’s stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $750.51, for a total transaction of $6,754,590.00. Following the completion of the sale, the chief operating officer directly owned 106,268 shares in the company, valued at $79,755,196.68. This represents a 7.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Price Performance

Shares of GS opened at $791.23 on Wednesday. The company’s 50-day moving average is $775.64 and its 200-day moving average is $696.77. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.11 and a quick ratio of 0.67. The firm has a market capitalization of $239.52 billion, a PE ratio of 16.07, a PEG ratio of 1.43 and a beta of 1.42. The Goldman Sachs Group, Inc. has a fifty-two week low of $439.38 and a fifty-two week high of $825.25.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share for the quarter, topping the consensus estimate of $10.27 by $1.98. The business had revenue of $11.33 billion during the quarter, compared to analysts’ expectations of $13.68 billion. The Goldman Sachs Group had a return on equity of 14.79% and a net margin of 13.18%.The firm’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period last year, the firm posted $8.40 EPS. Equities analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd will be issued a dividend of $4.00 per share. This represents a $16.00 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Tuesday, December 2nd. The Goldman Sachs Group’s dividend payout ratio is 32.50%.

The Goldman Sachs Group Profile

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 Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.