Meadowbrook Wealth Management LLC Buys Shares of 1,882 The Goldman Sachs Group, Inc. $GS

Meadowbrook Wealth Management LLC acquired a new position in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,882 shares of the investment management company’s stock, valued at approximately $1,499,000. The Goldman Sachs Group comprises 1.6% of Meadowbrook Wealth Management LLC’s portfolio, making the stock its 14th biggest holding.

Several other institutional investors have also recently added to or reduced their stakes in GS. Centurion Wealth Management LLC purchased a new position in shares of The Goldman Sachs Group during the third quarter worth $265,000. Newman Dignan & Sheerar Inc. grew its position in The Goldman Sachs Group by 5.5% in the 3rd quarter. Newman Dignan & Sheerar Inc. now owns 1,143 shares of the investment management company’s stock valued at $911,000 after acquiring an additional 60 shares in the last quarter. Franklin Street Advisors Inc. NC grew its position in The Goldman Sachs Group by 1.7% in the 3rd quarter. Franklin Street Advisors Inc. NC now owns 54,752 shares of the investment management company’s stock valued at $43,602,000 after acquiring an additional 907 shares in the last quarter. U.S. Capital Wealth Advisors LLC increased its stake in The Goldman Sachs Group by 92.1% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 21,086 shares of the investment management company’s stock worth $16,792,000 after purchasing an additional 10,108 shares during the period. Finally, Prentice Wealth Management LLC lifted its position in shares of The Goldman Sachs Group by 6.6% during the third quarter. Prentice Wealth Management LLC now owns 5,002 shares of the investment management company’s stock worth $3,983,000 after purchasing an additional 311 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on GS shares. Citigroup lifted their price objective on shares of The Goldman Sachs Group from $700.00 to $765.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. BNP Paribas Exane lifted their target price on The Goldman Sachs Group from $685.00 to $775.00 and gave the company a “neutral” rating in a report on Friday, October 17th. BMO Capital Markets began coverage on The Goldman Sachs Group in a research report on Friday, October 3rd. They issued a “market perform” rating and a $785.00 price target on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on The Goldman Sachs Group from $725.00 to $790.00 and gave the stock a “hold” rating in a research report on Tuesday, September 30th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $750.00 target price (up from $625.00) on shares of The Goldman Sachs Group in a research note on Tuesday, October 21st. Four research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, The Goldman Sachs Group has a consensus rating of “Hold” and a consensus target price of $792.67.

Check Out Our Latest Analysis on The Goldman Sachs Group

Key Stores Impacting The Goldman Sachs Group

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The Goldman Sachs Group Stock Performance

NYSE GS opened at $893.83 on Friday. The company has a fifty day moving average of $810.10 and a two-hundred day moving average of $752.84. The company has a market capitalization of $268.09 billion, a PE ratio of 18.16, a P/E/G ratio of 1.16 and a beta of 1.36. The Goldman Sachs Group, Inc. has a 1 year low of $439.38 and a 1 year high of $919.10. The company has a debt-to-equity ratio of 2.53, a current ratio of 0.65 and a quick ratio of 0.65.

The Goldman Sachs Group (NYSE:GSGet Free Report) last posted its earnings results on Tuesday, October 14th. The investment management company reported $12.25 EPS for the quarter, topping analysts’ consensus estimates of $10.27 by $1.98. The Goldman Sachs Group had a return on equity of 15.29% and a net margin of 13.18%.The business had revenue of $15.18 billion for the quarter, compared to analysts’ expectations of $13.68 billion. During the same quarter in the previous year, the firm earned $8.40 earnings per share. The business’s revenue was up 19.5% compared to the same quarter last year. As a group, analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The company 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 $4.00 dividend. The ex-dividend date is Tuesday, December 2nd. This represents a $16.00 dividend on an annualized basis and a yield of 1.8%. The Goldman Sachs Group’s payout ratio is currently 32.50%.

The Goldman Sachs Group Company 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.

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

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