4,375 Shares in The Goldman Sachs Group, Inc. (NYSE:GS) Acquired by Guardian Capital Advisors LP

Guardian Capital Advisors LP bought a new stake in The Goldman Sachs Group, Inc. (NYSE:GSGet Rating) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,375 shares of the investment management company’s stock, valued at approximately $1,232,000.

Other institutional investors also recently modified their holdings of the company. IFM Investors Pty Ltd boosted its stake in shares of The Goldman Sachs Group by 19.3% in the 1st quarter. IFM Investors Pty Ltd now owns 54,070 shares of the investment management company’s stock valued at $17,849,000 after purchasing an additional 8,738 shares in the last quarter. Shell Asset Management Co. bought a new stake in The Goldman Sachs Group during the 1st quarter worth approximately $152,000. Waldron Private Wealth LLC increased its stake in The Goldman Sachs Group by 7.8% during the 1st quarter. Waldron Private Wealth LLC now owns 1,902 shares of the investment management company’s stock worth $627,000 after purchasing an additional 138 shares in the last quarter. Ausdal Financial Partners Inc. boosted its position in The Goldman Sachs Group by 8.0% during the 1st quarter. Ausdal Financial Partners Inc. now owns 1,779 shares of the investment management company’s stock worth $587,000 after acquiring an additional 132 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in The Goldman Sachs Group by 1.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 274,706 shares of the investment management company’s stock worth $90,681,000 after acquiring an additional 4,414 shares during the last quarter. Institutional investors own 69.08% of the company’s stock.

The Goldman Sachs Group Stock Performance

NYSE GS traded up $2.38 during trading on Thursday, hitting $386.25. 1,865,756 shares of the company’s stock traded hands, compared to its average volume of 2,613,416. The stock has a market capitalization of $130.80 billion, a price-to-earnings ratio of 10.29 and a beta of 1.38. The Goldman Sachs Group, Inc. has a 12-month low of $277.84 and a 12-month high of $412.66. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.84 and a current ratio of 0.84. The business has a 50 day moving average of $333.00 and a 200-day moving average of $322.93.

The Goldman Sachs Group (NYSE:GSGet Rating) last released its quarterly earnings data on Tuesday, October 18th. The investment management company reported $8.25 EPS for the quarter, beating the consensus estimate of $7.47 by $0.78. The Goldman Sachs Group had a net margin of 22.50% and a return on equity of 13.23%. The business had revenue of $11.98 billion for the quarter, compared to the consensus estimate of $11.53 billion. During the same period in the prior year, the firm earned $14.93 earnings per share. The company’s revenue was down 12.0% compared to the same quarter last year. As a group, equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 33.35 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 29th. Stockholders of record on Thursday, December 1st will be issued a $2.50 dividend. This represents a $10.00 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date is Wednesday, November 30th. The Goldman Sachs Group’s payout ratio is 26.63%.

Insider Transactions at The Goldman Sachs Group

In related news, insider Brian J. Lee sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $385.84, for a total value of $3,858,400.00. Following the transaction, the insider now directly owns 13,656 shares in the company, valued at $5,269,031.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other The Goldman Sachs Group news, Director Goldman Sachs Group Inc sold 31,735 shares of the stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $25.09, for a total transaction of $796,231.15. Following the transaction, the director now directly owns 486,769 shares in the company, valued at $12,213,034.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian J. Lee sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $385.84, for a total transaction of $3,858,400.00. Following the completion of the transaction, the insider now owns 13,656 shares in the company, valued at approximately $5,269,031.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,235,039 shares of company stock valued at $102,874,199. 0.57% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. BMO Capital Markets dropped their price target on The Goldman Sachs Group from $470.00 to $469.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 19th. JMP Securities raised their price target on The Goldman Sachs Group from $460.00 to $470.00 and gave the stock a “market outperform” rating in a research report on Tuesday, October 11th. Barclays decreased their price target on The Goldman Sachs Group from $450.00 to $410.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 19th. StockNews.com began coverage on The Goldman Sachs Group in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Morgan Stanley reduced their price target on The Goldman Sachs Group from $354.00 to $341.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 5th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $400.19.

About The Goldman Sachs Group

(Get Rating)

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 four segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management.

Further Reading

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

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