Whitaker Myers Wealth Managers LTD. Grows Stake in The Goldman Sachs Group, Inc. $GS

Whitaker Myers Wealth Managers LTD. grew its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 228.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,071 shares of the investment management company’s stock after purchasing an additional 2,137 shares during the quarter. The Goldman Sachs Group accounts for 0.5% of Whitaker Myers Wealth Managers LTD.’s investment portfolio, making the stock its 26th biggest position. Whitaker Myers Wealth Managers LTD.’s holdings in The Goldman Sachs Group were worth $2,446,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of GS. Dogwood Wealth Management LLC lifted its position in 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 in the last quarter. Harbor Capital Advisors Inc. purchased a new stake in shares of The Goldman Sachs Group during the third quarter valued at approximately $26,000. First PREMIER Bank purchased a new stake in shares of The Goldman Sachs Group during the third quarter valued at approximately $28,000. Clearstead Trust LLC acquired a new position in shares of The Goldman Sachs Group during the second quarter worth $31,000. Finally, Elevation Wealth Partners LLC boosted its stake in shares of 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 valued at $32,000 after purchasing an additional 20 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Up 1.0%

Shares of The Goldman Sachs Group stock opened at $910.34 on Friday. The business has a 50-day moving average price of $820.82 and a 200 day moving average price of $761.16. The Goldman Sachs Group, Inc. has a fifty-two week low of $439.38 and a fifty-two week high of $919.10. The firm has a market cap of $273.04 billion, a P/E ratio of 18.49, a P/E/G ratio of 1.20 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 (NYSE:GS) last released its earnings results 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 Goldman Sachs Group had a return on equity of 15.29% and a net margin of 13.18%.The company had revenue of $15.18 billion for the quarter, compared to the consensus estimate of $13.68 billion. During the same quarter last year, the business posted $8.40 EPS. The Goldman Sachs Group’s quarterly revenue was up 19.5% compared to the same quarter last year. On average, sell-side analysts forecast 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 firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd will be issued a $4.00 dividend. This represents a $16.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Tuesday, December 2nd. The Goldman Sachs Group’s payout ratio is currently 32.50%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods lifted their price target 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, December 17th. Daiwa Capital Markets lifted their target price on The Goldman Sachs Group from $756.00 to $810.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 8th. Morgan Stanley reduced their price target on The Goldman Sachs Group from $854.00 to $828.00 and set an “equal weight” rating for the company in a report on Wednesday, October 15th. Rothschild & Co Redburn raised their price objective 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. Finally, Evercore ISI upped their target price on The Goldman Sachs Group from $752.00 to $830.00 and gave the company an “outperform” rating in a research report on Tuesday, September 30th. Four analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $792.67.

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.