The Goldman Sachs Group, Inc. $GS Stock Position Boosted by Welch Group LLC

Welch Group LLC raised its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 4.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,022 shares of the investment management company’s stock after acquiring an additional 659 shares during the quarter. Welch Group LLC’s holdings in The Goldman Sachs Group were worth $15,326,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Strive Financial Group LLC lifted its position in shares of The Goldman Sachs Group by 316.7% during the second quarter. Strive Financial Group LLC now owns 25 shares of the investment management company’s stock worth $25,000 after purchasing an additional 19 shares during the last quarter. BOK Financial Private Wealth Inc. grew its holdings in shares of The Goldman Sachs Group by 188.9% in the second quarter. BOK Financial Private Wealth Inc. now owns 26 shares of the investment management company’s stock worth $26,000 after purchasing an additional 17 shares during the last quarter. Turim 21 Investimentos Ltda. purchased a new position in The Goldman Sachs Group in the 1st quarter worth about $25,000. Cherry Tree Wealth Management LLC increased its stake in The Goldman Sachs Group by 100.0% in the 3rd quarter. Cherry Tree Wealth Management LLC now owns 30 shares of the investment management company’s stock worth $27,000 after buying an additional 15 shares during the period. Finally, Clearstead Trust LLC bought a new stake in The Goldman Sachs Group during the 2nd quarter valued at about $33,000. Institutional investors own 71.21% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on GS shares. Loop Capital set a $1,050.00 price objective on shares of The Goldman Sachs Group in a research report on Thursday, October 8th. Wall Street Zen raised shares of The Goldman Sachs Group from a “hold” rating to a “buy” rating in a research note on Saturday, October 24th. HSBC boosted their price target on The Goldman Sachs Group from $995.00 to $1,007.00 and gave the company a “hold” rating in a report on Monday, September 28th. Barclays increased their price target on The Goldman Sachs Group from $1,048.00 to $1,245.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. Finally, Royal Bank Of Canada cut their price target on The Goldman Sachs Group from $1,220.00 to $1,010.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $1,049.52.

The Goldman Sachs Group Price Performance

Shares of GS opened at $892.49 on Monday. The company has a debt-to-equity ratio of 2.82, a quick ratio of 0.63 and a current ratio of 1.10. The company has a 50 day moving average price of $947.65 and a 200-day moving average price of $958.04. The Goldman Sachs Group, Inc. has a fifty-two week low of $754.00 and a fifty-two week high of $1,153.99. The stock has a market capitalization of $259.87 billion, a PE ratio of 12.83, a PEG ratio of 0.84 and a beta of 1.29.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Tuesday, October 13th. The investment management company reported $17.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.86 by $4.15. The company had revenue of $18.68 billion for the quarter, compared to analyst estimates of $16.83 billion. The Goldman Sachs Group had a net margin of 15.77% and a return on equity of 19.55%. The Goldman Sachs Group’s revenue was up 23.0% compared to the same quarter last year. During the same period last year, the company posted $12.25 earnings per share. Equities analysts predict that The Goldman Sachs Group, Inc. will post 70.89 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Wednesday, December 2nd will be issued a $5.00 dividend. The ex-dividend date is Wednesday, December 2nd. This represents a $20.00 dividend on an annualized basis and a dividend yield of 2.2%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 28.76%.

Insiders Place Their Bets

In related news, insider Ericka T. Leslie sold 250 shares of the company’s stock in a transaction on Thursday, October 22nd. The stock was sold at an average price of $890.25, for a total transaction of $222,562.50. Following the completion of the sale, the insider directly owned 10,710 shares in the company, valued at $9,534,577.50. This represents a 2.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO David M. Solomon sold 12,000 shares of the firm’s stock in a transaction dated Tuesday, October 27th. The shares were sold at an average price of $910.72, for a total value of $10,928,640.00. Following the sale, the chief executive officer directly owned 159,180 shares in the company, valued at approximately $144,968,409.60. The trade was a 7.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 12,500 shares of company stock worth $11,380,508 over the last quarter. Company insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Profile

The Goldman Sachs Group, Inc is a global financial services company that provides investment banking, securities, asset management and wealth management services to corporations, financial institutions, governments and individual investors. Its investment banking activities include advising on mergers and acquisitions, public and private offerings, restructurings and other strategic transactions.

Through its global markets businesses, Goldman Sachs helps clients buy and sell securities and other financial instruments and provides financing, risk management and market-making services.