The Goldman Sachs Group, Inc. $GS Shares Sold by Lineweaver Wealth Advisors LLC

Lineweaver Wealth Advisors LLC reduced its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 13.6% in the 3rd quarter, Holdings Channel.com reports. The fund owned 3,675 shares of the investment management company’s stock after selling 579 shares during the quarter. Lineweaver Wealth Advisors LLC’s holdings in The Goldman Sachs Group were worth $2,927,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Dogwood Wealth Management LLC raised its stake in The Goldman Sachs Group by 1,800.0% during the second quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company’s stock valued at $26,000 after buying an additional 36 shares in the last quarter. Clearstead Trust LLC bought a new stake in shares of The Goldman Sachs Group in the 2nd quarter valued at approximately $31,000. Graney & King LLC increased its holdings in shares of The Goldman Sachs Group by 51.5% in the 2nd quarter. Graney & King LLC now owns 50 shares of the investment management company’s stock valued at $35,000 after acquiring an additional 17 shares during the last quarter. Ridgewood Investments LLC lifted its stake in The Goldman Sachs Group by 45.9% during the second quarter. Ridgewood Investments LLC now owns 54 shares of the investment management company’s stock worth $38,000 after purchasing an additional 17 shares during the last quarter. Finally, MeadowBrook Investment Advisors LLC acquired a new position in The Goldman Sachs Group in the second quarter worth $39,000. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Performance

GS stock opened at $893.83 on Friday. The company has a 50-day simple moving average of $810.10 and a 200 day simple moving average of $753.88. The company has a market capitalization of $268.09 billion, a P/E ratio of 18.16, a PEG ratio of 1.18 and a beta of 1.36. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 2.53. The Goldman Sachs Group, Inc. has a fifty-two week low of $439.38 and a fifty-two week high of $919.10.

The Goldman Sachs Group (NYSE:GSGet Free Report) last issued its quarterly earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share for the quarter, topping analysts’ consensus estimates of $10.27 by $1.98. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 15.29%. The company had revenue of $15.18 billion during the quarter, compared to analyst estimates of $13.68 billion. During the same period in the prior year, the business posted $8.40 EPS. The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. Sell-side analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 2nd will be paid a dividend of $4.00 per share. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a $16.00 annualized dividend and a yield of 1.8%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 32.50%.

Key The Goldman Sachs Group News

Here are the key news stories impacting The Goldman Sachs Group this week:

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. BMO Capital Markets began coverage on shares of The Goldman Sachs Group in a report on Friday, October 3rd. They set a “market perform” rating and a $785.00 target price on the stock. Keefe, Bruyette & Woods increased their price objective on shares of The Goldman Sachs Group from $870.00 to $971.00 and gave the stock a “market perform” rating in a research note on Wednesday. Rothschild & Co Redburn lifted their target price on The Goldman Sachs Group from $608.00 to $748.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Weiss Ratings reiterated a “hold (c+)” rating on shares of The Goldman Sachs Group in a research report on Monday, December 15th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on The Goldman Sachs Group from $725.00 to $790.00 and gave the stock a “hold” rating in a research note on Tuesday, September 30th. Four equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, The Goldman Sachs Group currently has an average rating of “Hold” and an average target price of $792.67.

View Our Latest Stock Report on The Goldman Sachs Group

About The Goldman Sachs Group

(Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

See Also

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

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