Advisory Alpha LLC Raises Holdings in The Goldman Sachs Group, Inc. $GS

by · The Cerbat Gem

Advisory Alpha LLC increased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 41.2% in the 2nd quarter, Holdings Channel reports. The firm owned 723 shares of the investment management company’s stock after purchasing an additional 211 shares during the period. Advisory Alpha LLC’s holdings in The Goldman Sachs Group were worth $512,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in GS. Brighton Jones LLC grew its holdings in 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 buying an additional 508 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in The Goldman Sachs Group by 7.0% in the 4th 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. Koshinski Asset Management Inc. grew its holdings in The Goldman Sachs Group by 14.4% in the 1st quarter. Koshinski Asset Management Inc. now owns 1,260 shares of the investment management company’s stock valued at $688,000 after buying an additional 159 shares in the last quarter. Mather Group LLC. grew its holdings in The Goldman Sachs Group by 7.8% in the 1st quarter. Mather Group LLC. now owns 1,296 shares of the investment management company’s stock valued at $708,000 after buying an additional 94 shares in the last quarter. Finally, Vontobel Holding Ltd. grew its holdings in The Goldman Sachs Group by 35.6% in the 1st quarter. Vontobel Holding Ltd. now owns 37,869 shares of the investment management company’s stock valued at $20,687,000 after buying an additional 9,934 shares in the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

The Goldman Sachs Group Price Performance

GS opened at $782.59 on Thursday. The stock’s 50-day moving average price is $771.43 and its 200 day moving average price is $687.54. The Goldman Sachs Group, Inc. has a 12-month low of $439.38 and a 12-month high of $825.25. The company has a current ratio of 1.11, a quick ratio of 0.67 and a debt-to-equity ratio of 2.23. The firm has a market cap of $236.90 billion, a price-to-earnings ratio of 15.90, a PEG ratio of 1.45 and a beta of 1.42.

The Goldman Sachs Group (NYSE:GS – Get Free Report) last issued its quarterly earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share for the quarter, topping the consensus estimate of $10.27 by $1.98. The Goldman Sachs Group had a return on equity of 14.79% and a net margin of 13.18%.The company had revenue of $11.33 billion for the quarter, compared to the consensus estimate of $13.68 billion. During the same quarter in the prior year, the business earned $8.40 EPS. The Goldman Sachs Group’s revenue was up 19.5% on a year-over-year basis. As a group, sell-side analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The business 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 dividend of $4.00 per share. The ex-dividend date is Tuesday, December 2nd. This represents a $16.00 annualized dividend and a yield of 2.0%. The Goldman Sachs Group’s dividend payout ratio is 32.50%.

Insiders Place Their Bets

In other The Goldman Sachs Group news, COO John E. Waldron sold 9,000 shares of the company’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $750.51, for a total transaction of $6,754,590.00. Following the sale, the chief operating officer owned 106,268 shares in the company, valued at $79,755,196.68. This represents a 7.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.55% of the stock is currently owned by company insiders.

Analyst Ratings Changes

GS has been the subject of several analyst reports. Hsbc Global Res cut The Goldman Sachs Group from a “hold” rating to a “moderate sell” rating in a report on Tuesday, July 8th. UBS Group upped their target price on The Goldman Sachs Group from $762.00 to $805.00 and gave the company a “neutral” rating in a report on Tuesday, October 7th. JMP Securities restated a “market perform” rating and issued a $600.00 target price on shares of The Goldman Sachs Group in a report on Monday, July 14th. HSBC upped their price target on The Goldman Sachs Group from $652.00 to $677.00 in a research note on Thursday, October 2nd. Finally, Wall Street Zen raised The Goldman Sachs Group from a “sell” rating to a “hold” rating in a research note on Saturday, July 12th. Three equities research 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 has an average rating of “Hold” and an average target price of $779.50.

Check Out Our Latest Stock Analysis on The Goldman Sachs Group

The Goldman Sachs Group Company Profile

(Free Report)

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.

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