Tobias Financial Advisors Inc. Purchases Shares of 288 The Goldman Sachs Group, Inc. $GS

Tobias Financial Advisors Inc. acquired a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 288 shares of the investment management company’s stock, valued at approximately $204,000.

Several other large investors have also made changes to their positions in GS. Brighton Jones LLC lifted its stake in shares of The Goldman Sachs Group by 17.1% in the 4th quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock valued at $1,989,000 after purchasing an additional 508 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in The Goldman Sachs Group by 7.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock valued at $508,000 after buying an additional 58 shares in the last quarter. Nicolet Advisory Services LLC grew its stake in The Goldman Sachs Group by 14.3% during the first quarter. Nicolet Advisory Services LLC now owns 534 shares of the investment management company’s stock worth $292,000 after buying an additional 67 shares during the period. Moors & Cabot Inc. increased its position in shares of The Goldman Sachs Group by 38.7% in the first quarter. Moors & Cabot Inc. now owns 4,208 shares of the investment management company’s stock worth $2,299,000 after acquiring an additional 1,174 shares in the last quarter. Finally, Blueshift Asset Management LLC raised its stake in shares of The Goldman Sachs Group by 161.8% in the 1st quarter. Blueshift Asset Management LLC now owns 1,055 shares of the investment management company’s stock valued at $576,000 after acquiring an additional 652 shares during the period. 71.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on GS. Morgan Stanley decreased their price target on shares of The Goldman Sachs Group from $854.00 to $828.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 15th. BMO Capital Markets began coverage on The Goldman Sachs Group in a research note on Friday, October 3rd. They issued a “market perform” rating and a $785.00 target price for the company. HSBC raised their target price on The Goldman Sachs Group from $652.00 to $677.00 in a report on Thursday, October 2nd. Royal Bank Of Canada restated a “neutral” rating and issued a $843.00 price target on shares of The Goldman Sachs Group in a report on Tuesday, October 14th. Finally, Zacks Research lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 16th. Four equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $786.00.

The Goldman Sachs Group Stock Performance

Shares of GS opened at $826.51 on Friday. The firm has a market cap of $247.89 billion, a price-to-earnings ratio of 16.79, a PEG ratio of 1.43 and a beta of 1.41. The company has a quick ratio of 0.67, a current ratio of 1.11 and a debt-to-equity ratio of 2.23. The business’s 50 day moving average is $787.51 and its two-hundred day moving average is $726.53. The Goldman Sachs Group, Inc. has a 52-week low of $439.38 and a 52-week high of $841.28.

The Goldman Sachs Group (NYSE:GS) last released 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 during the quarter, compared to the consensus estimate of $13.68 billion. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 14.79%. The business’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the company earned $8.40 earnings per share. 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 announced a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd will be given a $4.00 dividend. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a $16.00 annualized dividend and a dividend yield of 1.9%. The Goldman Sachs Group’s payout ratio is presently 32.50%.

About The Goldman Sachs Group

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.