The Goldman Sachs Group, Inc. (NYSE:GS) Stake Boosted by WESPAC Advisors SoCal LLC

WESPAC Advisors SoCal LLC grew its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 0.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,315 shares of the investment management company’s stock after acquiring an additional 55 shares during the period. The Goldman Sachs Group accounts for 3.2% of WESPAC Advisors SoCal LLC’s investment portfolio, making the stock its 9th biggest holding. WESPAC Advisors SoCal LLC’s holdings in The Goldman Sachs Group were worth $9,767,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Trinity Legacy Partners LLC lifted its stake in shares of The Goldman Sachs Group by 32.3% in the 2nd quarter. Trinity Legacy Partners LLC now owns 6,250 shares of the investment management company’s stock valued at $2,350,000 after purchasing an additional 1,527 shares during the last quarter. Tarbox Family Office Inc. lifted its position in The Goldman Sachs Group by 112.6% during the 2nd quarter. Tarbox Family Office Inc. now owns 2,643 shares of the investment management company’s stock worth $1,003,000 after acquiring an additional 1,400 shares during the last quarter. Kentucky Retirement Systems acquired a new position in The Goldman Sachs Group during the 2nd quarter worth $7,519,000. Rehmann Capital Advisory Group lifted its position in The Goldman Sachs Group by 182.7% during the 1st quarter. Rehmann Capital Advisory Group now owns 4,597 shares of the investment management company’s stock worth $1,507,000 after acquiring an additional 2,971 shares during the last quarter. Finally, Banco de Sabadell S.A acquired a new position in The Goldman Sachs Group during the 2nd quarter worth $1,860,000. Institutional investors and hedge funds own 70.64% of the company’s stock.

A number of research analysts have weighed in on GS shares. Morgan Stanley boosted their target price on shares of The Goldman Sachs Group from $332.00 to $384.00 and gave the stock an “underweight” rating in a research report on Thursday, July 29th. Citigroup boosted their target price on shares of The Goldman Sachs Group from $410.00 to $440.00 and gave the stock a “buy” rating in a research report on Friday, October 1st. Barclays boosted their target price on shares of The Goldman Sachs Group from $437.00 to $483.00 and gave the stock an “overweight” rating in a research report on Monday, October 18th. BMO Capital Markets upped their price objective on shares of The Goldman Sachs Group from $432.00 to $451.00 and gave the company an “outperform” rating in a research report on Monday, October 18th. Finally, Piper Sandler upped their price objective on shares of The Goldman Sachs Group from $435.00 to $465.00 and gave the company an “overweight” rating in a research report on Monday, October 18th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, The Goldman Sachs Group presently has a consensus rating of “Buy” and an average target price of $419.29.

The Goldman Sachs Group stock traded down $7.15 during trading hours on Thursday, hitting $399.19. 2,186,259 shares of the stock were exchanged, compared to its average volume of 2,755,415. The company has a debt-to-equity ratio of 2.52, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market capitalization of $133.65 billion, a P/E ratio of 6.58, a P/E/G ratio of 0.57 and a beta of 1.53. The Goldman Sachs Group, Inc. has a 12 month low of $230.36 and a 12 month high of $426.16. The business’s 50-day moving average is $398.60 and its two-hundred day moving average is $388.15.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Thursday, October 14th. The investment management company reported $14.93 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $9.78 by $5.15. The firm had revenue of $13.61 billion for the quarter, compared to analysts’ expectations of $11.61 billion. The Goldman Sachs Group had a net margin of 34.46% and a return on equity of 24.52%. The company’s quarterly revenue was up 26.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $9.68 earnings per share. On average, equities analysts predict that The Goldman Sachs Group, Inc. will post 60.13 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 30th. Stockholders of record on Thursday, December 2nd will be given a dividend of $2.00 per share. The ex-dividend date is Wednesday, December 1st. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.00%. The Goldman Sachs Group’s payout ratio is 13.19%.

The Goldman Sachs Group Company Profile

Goldman Sachs Group, Inc engages in global investment banking, securities, and investment management, which provides financial services. It operates through the following business segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The Investment Banking segment serves public and private sector clients around the world and provides financial advisory services, help companies raise capital to strengthen and grow their businesses and provide financing to corporate clients.

Further Reading: Systematic Risk and Investors

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

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