Park Avenue Securities LLC Takes Position in The Goldman Sachs Group, Inc. $GS

Park Avenue Securities LLC purchased a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) in the 3rd quarter, Holdings Channel reports. The fund purchased 13,140 shares of the investment management company’s stock, valued at approximately $10,464,000.

Several other hedge funds have also recently modified their holdings of GS. Ignite Planners LLC bought a new position in The Goldman Sachs Group during the second quarter valued at approximately $239,000. Bank of New York Mellon Corp grew its holdings in The Goldman Sachs Group by 4.9% in the second quarter. Bank of New York Mellon Corp now owns 3,379,900 shares of the investment management company’s stock worth $2,392,124,000 after purchasing an additional 157,473 shares during the last quarter. Wells Trecaso Financial Group LLC increased its position in The Goldman Sachs Group by 0.5% during the 2nd quarter. Wells Trecaso Financial Group LLC now owns 21,534 shares of the investment management company’s stock valued at $15,240,000 after buying an additional 108 shares in the last quarter. Baron Silver Stevens Financial Advisors LLC acquired a new position in shares of The Goldman Sachs Group during the second quarter valued at about $288,000. Finally, Venture Visionary Partners LLC increased its stake in The Goldman Sachs Group by 23.4% during the 2nd quarter. Venture Visionary Partners LLC now owns 4,536 shares of the investment management company’s stock valued at $3,211,000 after purchasing an additional 861 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Key Headlines Impacting The Goldman Sachs Group

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

Analyst Upgrades and Downgrades

A number of research firms have issued reports on GS. Morgan Stanley reduced their price target on shares of 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. Evercore ISI lifted their target price on shares of The Goldman Sachs Group from $752.00 to $830.00 and gave the company an “outperform” rating in a report on Tuesday, September 30th. Dbs Bank boosted their target price on shares of The Goldman Sachs Group from $800.00 to $890.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Royal Bank Of Canada raised their price target on shares of The Goldman Sachs Group from $843.00 to $900.00 and gave the company a “sector perform” rating in a research report on Friday, December 12th. Finally, BMO Capital Markets lifted their price objective on shares of The Goldman Sachs Group from $785.00 to $980.00 and gave the company a “market perform” rating in a report on Tuesday. Five investment 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. According to MarketBeat, The Goldman Sachs Group has a consensus rating of “Hold” and an average price target of $848.22.

View Our Latest Stock Report on The Goldman Sachs Group

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock opened at $939.69 on Thursday. The stock has a market capitalization of $281.84 billion, a P/E ratio of 19.09, a P/E/G ratio of 1.12 and a beta of 1.33. The company’s fifty day moving average price is $846.41 and its 200 day moving average price is $780.06. 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 1 year low of $439.38 and a 1 year high of $961.69.

The Goldman Sachs Group (NYSE:GSGet Free Report) last posted its quarterly earnings data on Tuesday, October 14th. The investment management company reported $12.25 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $15.18 billion for the quarter, compared to the consensus estimate of $13.68 billion. During the same period last year, the firm posted $8.40 earnings per share. The company’s revenue was up 19.5% compared to the same quarter last year. As a group, equities research analysts anticipate 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 business also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Tuesday, December 2nd were paid a $4.00 dividend. The ex-dividend date of this dividend was Tuesday, December 2nd. This represents a $16.00 dividend on an annualized basis and a yield of 1.7%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 32.50%.

The Goldman Sachs Group Profile

(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.

Further Reading

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

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