Goldman Sachs Group, Inc. (The) (GS) Shares Bought by Doyle Wealth Management

Doyle Wealth Management raised its position in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) by 3.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,867 shares of the investment management company’s stock after purchasing an additional 1,742 shares during the period. Goldman Sachs Group, Inc. (The) comprises 1.9% of Doyle Wealth Management’s portfolio, making the stock its 21st biggest position. Doyle Wealth Management’s holdings in Goldman Sachs Group, Inc. (The) were worth $10,879,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GS. BlackRock Inc. raised its position in Goldman Sachs Group, Inc. (The) by 3,301.2% during the 1st quarter. BlackRock Inc. now owns 24,569,536 shares of the investment management company’s stock valued at $5,644,114,000 after purchasing an additional 23,847,154 shares in the last quarter. Janus Henderson Group PLC raised its position in Goldman Sachs Group, Inc. (The) by 4,096.0% during the 2nd quarter. Janus Henderson Group PLC now owns 2,475,978 shares of the investment management company’s stock valued at $549,415,000 after purchasing an additional 2,416,970 shares in the last quarter. New England Asset Management Inc. raised its position in Goldman Sachs Group, Inc. (The) by 440.8% during the 1st quarter. New England Asset Management Inc. now owns 2,331,063 shares of the investment management company’s stock valued at $535,492,000 after purchasing an additional 1,900,000 shares in the last quarter. Alliancebernstein L.P. raised its position in Goldman Sachs Group, Inc. (The) by 84.4% during the 1st quarter. Alliancebernstein L.P. now owns 3,221,215 shares of the investment management company’s stock valued at $739,978,000 after purchasing an additional 1,474,433 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in Goldman Sachs Group, Inc. (The) by 47.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,602,847 shares of the investment management company’s stock valued at $799,472,000 after purchasing an additional 1,152,869 shares in the last quarter. 74.41% of the stock is owned by institutional investors and hedge funds.

Goldman Sachs Group, Inc. (GS) opened at $237.61 on Thursday. The firm has a market capitalization of $89,487.29, a PE ratio of 12.36, a P/E/G ratio of 1.20 and a beta of 1.48. Goldman Sachs Group, Inc. has a fifty-two week low of $204.83 and a fifty-two week high of $255.15. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 2.82.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last released its quarterly earnings results on Tuesday, October 17th. The investment management company reported $5.02 earnings per share for the quarter, topping analysts’ consensus estimates of $4.17 by $0.85. The company had revenue of $8.33 billion during the quarter, compared to analysts’ expectations of $7.59 billion. Goldman Sachs Group, Inc. (The) had a return on equity of 11.34% and a net margin of 26.42%. Goldman Sachs Group, Inc. (The)’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.88 EPS. analysts forecast that Goldman Sachs Group, Inc. will post 19.03 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, November 30th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $3.00 dividend on an annualized basis and a yield of 1.26%. Goldman Sachs Group, Inc. (The)’s payout ratio is 15.63%.

A number of brokerages have weighed in on GS. Zacks Investment Research raised Goldman Sachs Group, Inc. (The) from a “hold” rating to a “buy” rating and set a $271.00 target price for the company in a research report on Friday, October 20th. BidaskClub lowered Goldman Sachs Group, Inc. (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Wells Fargo & Company initiated coverage on Goldman Sachs Group, Inc. (The) in a research report on Wednesday, August 9th. They issued an “outperform” rating and a $265.00 price target for the company. Berenberg Bank reissued a “sell” rating and issued a $190.00 price target on shares of Goldman Sachs Group, Inc. (The) in a research report on Friday, July 21st. Finally, Buckingham Research reissued a “neutral” rating and issued a $250.00 price target (up from $243.00) on shares of Goldman Sachs Group, Inc. (The) in a research report on Wednesday, October 18th. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $245.06.

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In related news, Vice Chairman Richard J. Gnodde sold 4,951 shares of the company’s stock in a transaction dated Wednesday, October 18th. The stock was sold at an average price of $239.95, for a total value of $1,187,992.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David M. Solomon sold 2,400 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $238.49, for a total value of $572,376.00. The disclosure for this sale can be found here. Insiders sold a total of 39,744 shares of company stock valued at $9,697,984 in the last ninety days. 2.57% of the stock is currently owned by insiders.

Goldman Sachs Group, Inc. (The) Company Profile

The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.

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

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