SteelPeak Wealth LLC Sells 1,825 Shares of The Goldman Sachs Group, Inc. $GS

SteelPeak Wealth LLC lowered its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 12.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,817 shares of the investment management company’s stock after selling 1,825 shares during the period. SteelPeak Wealth LLC’s holdings in The Goldman Sachs Group were worth $10,207,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Ignite Planners LLC acquired a new position in shares of The Goldman Sachs Group in the second quarter worth approximately $239,000. Bank of New York Mellon Corp raised its holdings in The Goldman Sachs Group by 4.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,379,900 shares of the investment management company’s stock worth $2,392,124,000 after purchasing an additional 157,473 shares during the last quarter. Wells Trecaso Financial Group LLC lifted its position in shares of The Goldman Sachs Group by 0.5% in the 2nd quarter. Wells Trecaso Financial Group LLC now owns 21,534 shares of the investment management company’s stock worth $15,240,000 after purchasing an additional 108 shares during the period. Baron Silver Stevens Financial Advisors LLC acquired a new stake in shares of The Goldman Sachs Group during the second quarter worth $288,000. Finally, Merit Financial Group LLC raised its stake in The Goldman Sachs Group by 70.7% during the second quarter. Merit Financial Group LLC now owns 19,057 shares of the investment management company’s stock worth $13,488,000 after buying an additional 7,891 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors.

The Goldman Sachs Group Stock Performance

Shares of GS opened at $878.28 on Friday. 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 stock has a 50-day moving average of $834.26 and a 200-day moving average of $770.53. The company has a market cap of $263.42 billion, a PE ratio of 17.84, a P/E/G ratio of 1.16 and a beta of 1.33. The Goldman Sachs Group, Inc. has a one year low of $439.38 and a one year high of $919.10.

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

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Tuesday, December 2nd were issued a $4.00 dividend. This represents a $16.00 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Tuesday, December 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 32.50%.

Analyst Ratings Changes

A number of analysts have commented on GS shares. Royal Bank Of Canada upped their price target on shares of The Goldman Sachs Group from $843.00 to $900.00 and gave the company a “sector perform” rating in a research report on Friday, December 12th. Dbs Bank boosted their price objective on The Goldman Sachs Group from $800.00 to $890.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Evercore ISI upped their target price on The Goldman Sachs Group from $752.00 to $830.00 and gave the company an “outperform” rating in a research report on Tuesday, September 30th. Citigroup raised their target price on 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. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $750.00 price target (up from $625.00) on shares of The Goldman Sachs Group in a research note on Tuesday, October 21st. Four analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $792.67.

The Goldman Sachs Group Company Profile

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.