Rydar Equities Inc. Invests $3.73 Million in The Goldman Sachs Group, Inc. $GS

Rydar Equities Inc. purchased a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 5,264 shares of the investment management company’s stock, valued at approximately $3,726,000. The Goldman Sachs Group comprises about 2.9% of Rydar Equities Inc.’s portfolio, making the stock its 8th biggest position.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC grew its position in The Goldman Sachs Group by 17.1% in the fourth quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock worth $1,989,000 after acquiring an additional 508 shares during the period. Revolve Wealth Partners LLC grew its holdings in shares of The Goldman Sachs Group by 7.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock worth $508,000 after purchasing an additional 58 shares during the period. American Century Companies Inc. grew its holdings in shares of The Goldman Sachs Group by 70.2% during the 1st quarter. American Century Companies Inc. now owns 156,362 shares of the investment management company’s stock worth $85,420,000 after purchasing an additional 64,471 shares during the period. Forvis Mazars Wealth Advisors LLC increased its position in shares of The Goldman Sachs Group by 19.7% during the 1st quarter. Forvis Mazars Wealth Advisors LLC now owns 2,674 shares of the investment management company’s stock worth $1,461,000 after purchasing an additional 441 shares during the last quarter. Finally, Cresset Asset Management LLC raised its holdings in The Goldman Sachs Group by 56.7% in the 1st quarter. Cresset Asset Management LLC now owns 36,510 shares of the investment management company’s stock valued at $19,945,000 after buying an additional 13,214 shares during the period. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Price Performance

Shares of GS opened at $887.90 on Monday. The company has a market cap of $266.31 billion, a P/E ratio of 18.04, a PEG ratio of 1.17 and a beta of 1.36. The Goldman Sachs Group, Inc. has a fifty-two week low of $439.38 and a fifty-two week high of $919.10. 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 firm’s 50 day moving average price is $800.00 and its 200 day moving average price is $745.07.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Tuesday, October 14th. The investment management company reported $12.25 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $13.68 billion. During the same quarter in the previous year, the firm posted $8.40 earnings per share. The company’s quarterly revenue was up 19.5% compared to the same quarter last year. On average, research 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 2nd will be paid a dividend of $4.00 per share. This represents a $16.00 annualized dividend 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 presently 32.50%.

Analysts Set New Price Targets

Several research analysts have weighed in on GS shares. Citigroup increased their target price on shares of The Goldman Sachs Group from $700.00 to $765.00 and gave the stock a “neutral” rating in a research note on Thursday, October 16th. Daiwa Capital Markets upped their price objective on shares of The Goldman Sachs Group from $756.00 to $810.00 and gave the stock a “neutral” rating in a report on Wednesday, October 8th. Royal Bank Of Canada lifted their target price on shares of The Goldman Sachs Group from $843.00 to $900.00 and gave the company a “sector perform” rating in a report on Friday. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $750.00 target price (up previously from $625.00) on shares of The Goldman Sachs Group in a research report on Tuesday, October 21st. Finally, Rothschild & Co Redburn raised their price target on The Goldman Sachs Group from $608.00 to $748.00 and gave the stock a “neutral” rating in a research report on Friday. Four investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, The Goldman Sachs Group presently has an average rating of “Hold” and an average price target of $787.06.

About The Goldman Sachs Group

The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.