Investors Research Corp Cuts Stock Holdings in The Goldman Sachs Group, Inc. $GS

Investors Research Corp cut its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 63.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 375 shares of the investment management company’s stock after selling 663 shares during the period. Investors Research Corp’s holdings in The Goldman Sachs Group were worth $299,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Capital Asset Advisory Services LLC grew its position in The Goldman Sachs Group by 6.7% during the third quarter. Capital Asset Advisory Services LLC now owns 8,570 shares of the investment management company’s stock valued at $6,825,000 after acquiring an additional 541 shares during the period. Park National Corp OH lifted its stake in shares of The Goldman Sachs Group by 13.4% in the 3rd quarter. Park National Corp OH now owns 481 shares of the investment management company’s stock valued at $383,000 after purchasing an additional 57 shares in the last quarter. Vigilare Wealth Management grew its holdings in shares of The Goldman Sachs Group by 11.7% during the 3rd quarter. Vigilare Wealth Management now owns 1,491 shares of the investment management company’s stock worth $1,187,000 after purchasing an additional 156 shares during the period. Farmers Trust Co. purchased a new stake in shares of The Goldman Sachs Group during the 3rd quarter worth about $237,000. Finally, Rydar Equities Inc. acquired a new stake in The Goldman Sachs Group during the 2nd quarter worth approximately $3,726,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on GS shares. Barclays boosted their price objective on shares of The Goldman Sachs Group from $720.00 to $850.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of The Goldman Sachs Group in a research report on Monday, December 1st. HSBC raised their price objective on The Goldman Sachs Group from $652.00 to $677.00 in a research report on Thursday, October 2nd. Deutsche Bank Aktiengesellschaft increased their target price on The Goldman Sachs Group from $725.00 to $790.00 and gave the company a “hold” rating in a research note on Tuesday, September 30th. Finally, Citigroup boosted their price target on The Goldman Sachs Group from $700.00 to $765.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. Four research 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 data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $787.06.

The Goldman Sachs Group Trading Up 0.3%

Shares of GS opened at $890.48 on Tuesday. The Goldman Sachs Group, Inc. has a one year low of $439.38 and a one year high of $919.10. The stock has a 50-day moving average price of $801.88 and a 200 day moving average price of $747.08. 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 company has a market capitalization of $267.08 billion, a P/E ratio of 18.09, a P/E/G ratio of 1.17 and a beta of 1.36.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.27 by $1.98. The company had revenue of $15.18 billion for the quarter, compared to analyst estimates of $13.68 billion. The Goldman Sachs Group had a return on equity of 15.29% and a net margin of 13.18%.The Goldman Sachs Group’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the prior year, the company posted $8.40 EPS. Sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd will be paid a dividend of $4.00 per share. This represents a $16.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Tuesday, December 2nd. The Goldman Sachs Group’s dividend payout ratio is 32.50%.

The Goldman Sachs Group Profile

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.