Royal Fund Management LLC Increases Holdings in The Goldman Sachs Group, Inc. $GS

Royal Fund Management LLC increased its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 120.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,047 shares of the investment management company’s stock after purchasing an additional 3,301 shares during the quarter. Royal Fund Management LLC’s holdings in The Goldman Sachs Group were worth $4,280,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Winthrop Advisory Group LLC lifted its holdings in shares of The Goldman Sachs Group by 3.4% in the 2nd quarter. Winthrop Advisory Group LLC now owns 429 shares of the investment management company’s stock worth $303,000 after buying an additional 14 shares during the period. Avion Wealth raised its holdings in shares of The Goldman Sachs Group by 31.1% in the second quarter. Avion Wealth now owns 59 shares of the investment management company’s stock valued at $41,000 after acquiring an additional 14 shares in the last quarter. KPP Advisory Services LLC lifted its stake in The Goldman Sachs Group by 2.1% in the second quarter. KPP Advisory Services LLC now owns 668 shares of the investment management company’s stock worth $473,000 after acquiring an additional 14 shares during the period. Dumont & Blake Investment Advisors LLC lifted its stake in The Goldman Sachs Group by 0.7% in the second quarter. Dumont & Blake Investment Advisors LLC now owns 2,241 shares of the investment management company’s stock worth $1,586,000 after acquiring an additional 15 shares during the period. Finally, WealthBridge Capital Management LLC grew its holdings in The Goldman Sachs Group by 3.1% during the 2nd quarter. WealthBridge Capital Management LLC now owns 495 shares of the investment management company’s stock worth $350,000 after acquiring an additional 15 shares in the last quarter. 71.21% of the stock is owned by institutional investors.

The Goldman Sachs Group Price Performance

Shares of GS opened at $836.97 on Friday. The company has a market cap of $251.03 billion, a price-to-earnings ratio of 17.00, a price-to-earnings-growth ratio of 1.10 and a beta of 1.36. The Goldman Sachs Group, Inc. has a twelve month low of $439.38 and a twelve month high of $843.99. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 2.53. The company has a 50 day moving average of $789.51 and a two-hundred day moving average of $731.57.

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

The Goldman Sachs Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd will be issued a $4.00 dividend. This represents a $16.00 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Tuesday, December 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 32.50%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on GS shares. BNP Paribas Exane boosted their price target on shares of 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 shares of The Goldman Sachs Group in a report on Friday, October 3rd. They set a “market perform” rating and a $785.00 price objective on the stock. Morgan Stanley reduced their price objective 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 note on Wednesday, October 15th. UBS Group increased their target price on The Goldman Sachs Group from $762.00 to $805.00 and gave the company a “neutral” rating in a research report on Tuesday, October 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of The Goldman Sachs Group in a report on Monday. Four investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has assigned 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 $786.00.

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.