World Investment Advisors Has $8.67 Million Stake in The Goldman Sachs Group, Inc. $GS

World Investment Advisors boosted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 27.0% during the third quarter, Holdings Channel reports. The institutional investor owned 10,890 shares of the investment management company’s stock after acquiring an additional 2,316 shares during the quarter. World Investment Advisors’ holdings in The Goldman Sachs Group were worth $8,673,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Dogwood Wealth Management LLC lifted its holdings in shares of The Goldman Sachs Group by 1,800.0% during the 2nd quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company’s stock worth $26,000 after acquiring an additional 36 shares during the period. Clearstead Trust LLC bought a new stake in The Goldman Sachs Group in the second quarter valued at about $31,000. Elevation Wealth Partners LLC raised its position in The Goldman Sachs Group by 100.0% in the third quarter. Elevation Wealth Partners LLC now owns 40 shares of the investment management company’s stock worth $32,000 after purchasing an additional 20 shares in the last quarter. Graney & King LLC lifted its stake in The Goldman Sachs Group by 51.5% during the second quarter. Graney & King LLC now owns 50 shares of the investment management company’s stock worth $35,000 after purchasing an additional 17 shares during the period. Finally, Ridgewood Investments LLC boosted its holdings 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 valued at $38,000 after purchasing an additional 17 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on GS. Morgan Stanley cut their target price on The Goldman Sachs Group from $854.00 to $828.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 15th. HSBC increased their price objective on The Goldman Sachs Group from $652.00 to $677.00 in a research note on Thursday, October 2nd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of The Goldman Sachs Group from $725.00 to $790.00 and gave the company a “hold” rating in a research note on Tuesday, September 30th. BNP Paribas Exane increased their target price on shares of The Goldman Sachs Group from $685.00 to $775.00 and gave the stock a “neutral” rating in a research report on Friday, October 17th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of The Goldman Sachs Group from $870.00 to $971.00 and gave the company a “market perform” rating in a research report on Wednesday, December 17th. Four research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $792.67.

The Goldman Sachs Group Stock Performance

Shares of NYSE:GS opened at $910.34 on Thursday. The business has a fifty day moving average of $817.76 and a 200-day moving average of $760.11. The company has a debt-to-equity ratio of 2.53, a quick ratio of 0.65 and a current ratio of 0.65. The Goldman Sachs Group, Inc. has a twelve month low of $439.38 and a twelve month high of $919.10. The firm has a market cap of $273.03 billion, a PE ratio of 18.49, a price-to-earnings-growth ratio of 1.19 and a beta of 1.36.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Tuesday, October 14th. The investment management company reported $12.25 EPS for the quarter, topping analysts’ consensus estimates of $10.27 by $1.98. The firm had revenue of $15.18 billion for the quarter, compared to analyst estimates of $13.68 billion. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 15.29%. The company’s revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $8.40 EPS. On average, equities research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd will be given a $4.00 dividend. This represents a $16.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Tuesday, December 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 32.50%.

The Goldman Sachs Group Company Profile

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.