Venture Visionary Partners LLC Acquires 583 Shares of The Goldman Sachs Group, Inc. $GS

Venture Visionary Partners LLC boosted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 11.3% during the third quarter, Holdings Channel reports. The institutional investor owned 5,720 shares of the investment management company’s stock after buying an additional 583 shares during the period. Venture Visionary Partners LLC’s holdings in The Goldman Sachs Group were worth $5,150,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of GS. Strive Financial Group LLC boosted its position in shares of The Goldman Sachs Group by 316.7% in the second quarter. Strive Financial Group LLC now owns 25 shares of the investment management company’s stock worth $25,000 after acquiring an additional 19 shares during the last quarter. BOK Financial Private Wealth Inc. increased its position in The Goldman Sachs Group by 188.9% during the second quarter. BOK Financial Private Wealth Inc. now owns 26 shares of the investment management company’s stock worth $26,000 after purchasing an additional 17 shares during the last quarter. Turim 21 Investimentos Ltda. purchased a new position in The Goldman Sachs Group during the first quarter worth approximately $25,000. Steph & Co. acquired a new position in shares of The Goldman Sachs Group in the 1st quarter valued at $27,000. Finally, Lifetime Wealth Management P.C. acquired a new position in shares of The Goldman Sachs Group in the 4th quarter valued at $29,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Down 1.1%

NYSE:GS traded down $9.82 during mid-day trading on Wednesday, reaching $887.36. The stock had a trading volume of 2,389,072 shares, compared to its average volume of 2,204,143. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.63 and a quick ratio of 0.63. The company has a market capitalization of $258.37 billion, a price-to-earnings ratio of 13.70, a price-to-earnings-growth ratio of 0.92 and a beta of 1.29. The Goldman Sachs Group, Inc. has a 1-year low of $740.01 and a 1-year high of $1,153.99. The stock’s 50 day simple moving average is $995.67 and its two-hundred day simple moving average is $987.40.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Tuesday, July 14th. The investment management company reported $20.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $14.47 by $6.51. The Goldman Sachs Group had a return on equity of 19.16% and a net margin of 15.53%.The firm had revenue of $20.34 billion for the quarter, compared to analysts’ expectations of $16.22 billion. During the same quarter in the prior year, the firm posted $10.91 earnings per share. The Goldman Sachs Group’s revenue for the quarter was up 39.4% compared to the same quarter last year. Equities analysts anticipate that The Goldman Sachs Group, Inc. will post 68.31 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 1st were paid a dividend of $5.00 per share. This represents a $20.00 annualized dividend and a yield of 2.3%. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $4.50. The ex-dividend date was Tuesday, September 1st. The Goldman Sachs Group’s dividend payout ratio (DPR) is 30.87%.

Trending Headlines about The Goldman Sachs Group

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

• Positive Sentiment: Goldman’s recent quarterly results substantially exceeded expectations, with earnings per share of $20.98 and revenue of $20.34 billion, up 39.4% year over year. The firm’s valuation following the selloff is being viewed by some analysts as a potential value opportunity. Goldman Sachs: Selloff Makes Stock a Value Play
• Positive Sentiment: Goldman appointed star banker George Dunlevie to co-lead its technology banking business, a move that could strengthen coverage of the sector and support future advisory and capital-markets revenue. Star Goldman Sachs Banker to Co-Lead Tech Banking
• Neutral Sentiment: Goldman forecasts that artificial-intelligence investment could help drive a 27% increase in S&P 500 profits, potentially supporting market activity and demand for the firm’s trading, investment-banking and asset-management services. Goldman Sachs Forecasts S&P 500 Profit Growth
• Neutral Sentiment: Goldman said its systems were not affected by the EY data breach and that client assets remain safe. However, its wealth-management business was among the affected clients, creating potential reputational and compliance concerns. Goldman Sachs Client Data Exposed in EY Data Breach
• Negative Sentiment: Citi has overtaken Goldman in global IPO underwriting rankings after winning several major listings, raising concerns that Goldman could lose future equity-capital-markets mandates and related fees. Goldman Sachs IPO Underwriting Ranking
• Negative Sentiment: BMO lowered its GS price target to $970 from $972 and retained a market-perform rating. Goldman’s indication that it is not yet ready to raise its 14%–16% through-the-cycle return-on-equity target also limits the near-term bullish case. BMO Cuts Goldman Sachs Price Target
• Negative Sentiment: Analysts have questioned whether Goldman has the necessary earnings-momentum indicators for another upside surprise in its upcoming report, adding caution ahead of earnings.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on GS shares. Wells Fargo & Company cut their target price on The Goldman Sachs Group from $1,325.00 to $1,175.00 and set an “overweight” rating on the stock in a research report on Friday, September 25th. Keefe, Bruyette & Woods raised their price objective on The Goldman Sachs Group from $1,050.00 to $1,130.00 and gave the stock a “market perform” rating in a report on Wednesday, July 15th. Wall Street Zen lowered The Goldman Sachs Group from a “buy” rating to a “hold” rating in a research report on Sunday, September 13th. Evercore reissued an “outperform” rating on shares of The Goldman Sachs Group in a research report on Monday, July 6th. Finally, BMO Capital Markets dropped their price target on shares of The Goldman Sachs Group from $972.00 to $970.00 and set a “market perform” rating for the company in a research note on Tuesday. Ten investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $1,055.60.

The Goldman Sachs Group Profile

The Goldman Sachs Group, Inc is a global financial services company headquartered in New York City. Founded in 1869, the firm provides services to corporations, financial institutions, governments, individuals and other clients through its investment banking, markets, asset management and wealth management businesses.

Goldman Sachs advises clients on mergers and acquisitions, financing and other strategic transactions, and facilitates trading in equities, fixed income, currencies and commodities.