Beech Hill Advisors Inc. Sells 200 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

by · The Cerbat Gem

Beech Hill Advisors Inc. trimmed its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 10.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,660 shares of the investment management company’s stock after selling 200 shares during the quarter. Beech Hill Advisors Inc.’s holdings in The Goldman Sachs Group were worth $822,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SageView Advisory Group LLC purchased a new stake in The Goldman Sachs Group in the 4th quarter worth approximately $505,000. Montecito Bank & Trust increased its holdings in The Goldman Sachs Group by 2.6% in the first quarter. Montecito Bank & Trust now owns 2,363 shares of the investment management company’s stock valued at $987,000 after buying an additional 60 shares in the last quarter. Wedmont Private Capital raised its position in shares of The Goldman Sachs Group by 6.0% in the first quarter. Wedmont Private Capital now owns 3,850 shares of the investment management company’s stock worth $1,581,000 after acquiring an additional 218 shares during the period. KMG Fiduciary Partners LLC grew its position in shares of The Goldman Sachs Group by 0.5% during the 1st quarter. KMG Fiduciary Partners LLC now owns 28,987 shares of the investment management company’s stock valued at $12,108,000 after acquiring an additional 148 shares during the period. Finally, American National Bank increased its stake in shares of The Goldman Sachs Group by 12.4% in the 1st quarter. American National Bank now owns 345 shares of the investment management company’s stock valued at $144,000 after purchasing an additional 38 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on GS. UBS Group raised their price objective on The Goldman Sachs Group from $550.00 to $560.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Evercore ISI boosted their price target on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a report on Wednesday. JPMorgan Chase & Co. lifted their target price on shares of The Goldman Sachs Group from $472.00 to $520.00 and gave the company an “overweight” rating in a research report on Wednesday. Bank of America upped their price target on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $500.00 price target on shares of The Goldman Sachs Group in a research note on Tuesday, July 30th. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, The Goldman Sachs Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $524.69.

Get Our Latest Stock Analysis on The Goldman Sachs Group

The Goldman Sachs Group Trading Up 1.4 %

Shares of GS stock opened at $529.86 on Thursday. The company has a 50-day moving average of $496.53 and a two-hundred day moving average of $467.83. The firm has a market cap of $170.86 billion, a PE ratio of 20.69, a price-to-earnings-growth ratio of 0.77 and a beta of 1.36. The Goldman Sachs Group, Inc. has a 1-year low of $289.36 and a 1-year high of $540.51. The company has a debt-to-equity ratio of 2.20, a current ratio of 0.72 and a quick ratio of 0.72.

The Goldman Sachs Group (NYSE:GS – Get Free Report) last posted its earnings results on Tuesday, October 15th. The investment management company reported $8.40 earnings per share for the quarter, beating the consensus estimate of $6.89 by $1.51. The Goldman Sachs Group had a net margin of 9.36% and a return on equity of 10.56%. The firm had revenue of $12.70 billion during the quarter, compared to the consensus estimate of $11.77 billion. During the same quarter last year, the firm earned $5.47 EPS. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, analysts predict that The Goldman Sachs Group, Inc. will post 35.52 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 2nd will be paid a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 2.26%. The ex-dividend date is Monday, December 2nd. The Goldman Sachs Group’s payout ratio is 46.86%.

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.

See Also

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