Yousif Capital Management LLC Sells 2,965 Shares of The Goldman Sachs Group, Inc. $GS

Yousif Capital Management LLC cut its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 7.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,020 shares of the investment management company’s stock after selling 2,965 shares during the period. Yousif Capital Management LLC’s holdings in The Goldman Sachs Group were worth $31,073,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Dogwood Wealth Management LLC lifted its position in shares of The Goldman Sachs Group by 1,800.0% during the 2nd quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company’s stock valued at $26,000 after buying an additional 36 shares in the last quarter. Clearstead Trust LLC bought a new stake in The Goldman Sachs Group during the 2nd quarter worth approximately $31,000. Elevation Wealth Partners LLC raised its stake in The Goldman Sachs Group by 100.0% during the 3rd quarter. Elevation Wealth Partners LLC now owns 40 shares of the investment management company’s stock worth $32,000 after acquiring an additional 20 shares during the period. Graney & King LLC lifted its holdings in The Goldman Sachs Group by 51.5% during the second quarter. Graney & King LLC now owns 50 shares of the investment management company’s stock valued at $35,000 after purchasing an additional 17 shares in the last quarter. Finally, Ridgewood Investments LLC boosted its position in shares of The Goldman Sachs Group by 45.9% in the second quarter. Ridgewood Investments LLC now owns 54 shares of the investment management company’s stock worth $38,000 after purchasing an additional 17 shares during the period. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Key Headlines Impacting The Goldman Sachs Group

Here are the key news stories impacting The Goldman Sachs Group this week:

Analyst Ratings Changes

Several analysts have recently commented on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of The Goldman Sachs Group in a research report on Monday, December 15th. HSBC increased their price target on The Goldman Sachs Group from $652.00 to $677.00 in a research note on Thursday, October 2nd. BMO Capital Markets assumed coverage on The Goldman Sachs Group in a report on Friday, October 3rd. They set a “market perform” rating and a $785.00 price target on the stock. Dbs Bank upped their price objective on The Goldman Sachs Group from $800.00 to $890.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Finally, Barclays lifted their target price on The Goldman Sachs Group from $720.00 to $850.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Four analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, The Goldman Sachs Group presently has a consensus rating of “Hold” and an average price target of $792.67.

Get Our Latest Research Report on GS

The Goldman Sachs Group Stock Up 0.6%

GS opened at $899.00 on Tuesday. The company has a market capitalization of $269.64 billion, a PE ratio of 18.26, a price-to-earnings-growth ratio of 1.18 and a beta of 1.36. The firm has a 50-day simple moving average of $812.31 and a two-hundred day simple moving average of $757.03. 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 Goldman Sachs Group, Inc. has a 52 week low of $439.38 and a 52 week high of $919.10.

The Goldman Sachs Group (NYSE:GSGet Free Report) last issued its earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.27 by $1.98. The Goldman Sachs Group had a return on equity of 15.29% and a net margin of 13.18%.The firm had revenue of $15.18 billion for the quarter, compared to analysts’ expectations of $13.68 billion. During the same period in the previous year, the firm posted $8.40 earnings per share. The business’s revenue was up 19.5% compared to the same quarter last year. Analysts forecast 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd will be issued a dividend of $4.00 per share. This represents a $16.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Tuesday, December 2nd. The Goldman Sachs Group’s dividend payout ratio is 32.50%.

The Goldman Sachs Group Profile

(Free Report)

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.

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

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