SYM FINANCIAL Corp Buys New Holdings in The Goldman Sachs Group, Inc. $GS

SYM FINANCIAL Corp bought a new stake in The Goldman Sachs Group, Inc. (NYSE:GS) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 382 shares of the investment management company’s stock, valued at approximately $271,000.

A number of other large investors have also modified their holdings of the company. Kingstone Capital Partners Texas LLC raised its stake in shares of The Goldman Sachs Group by 617,504.5% in the second quarter. Kingstone Capital Partners Texas LLC now owns 29,058,291 shares of the investment management company’s stock valued at $20,566,005,000 after purchasing an additional 29,053,586 shares in the last quarter. Northern Trust Corp raised its stake in The Goldman Sachs Group by 1.2% during the first quarter. Northern Trust Corp now owns 3,332,804 shares of the investment management company’s stock worth $1,820,677,000 after acquiring an additional 40,125 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in The Goldman Sachs Group by 6.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,084,108 shares of the investment management company’s stock worth $1,138,527,000 after acquiring an additional 120,272 shares in the last quarter. Amundi raised its stake in The Goldman Sachs Group by 13.6% during the first quarter. Amundi now owns 1,891,260 shares of the investment management company’s stock worth $967,193,000 after acquiring an additional 225,993 shares in the last quarter. Finally, Nuveen LLC acquired a new position in The Goldman Sachs Group during the first quarter worth $897,185,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on GS shares. Citizens Jmp reiterated a “market perform” rating on shares of The Goldman Sachs Group in a research note on Monday, July 14th. Weiss Ratings restated a “hold (c+)” rating on shares of The Goldman Sachs Group in a report on Wednesday, October 8th. Citigroup increased their target price on The Goldman Sachs Group from $700.00 to $765.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. Royal Bank Of Canada restated a “neutral” rating and set a $843.00 target price on shares of The Goldman Sachs Group in a report on Tuesday, October 14th. Finally, Evercore ISI increased their target price on The Goldman Sachs Group from $752.00 to $830.00 and gave the stock an “outperform” rating in a report on Tuesday, September 30th. Three research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $779.50.

Insider Buying and Selling

In related news, COO John E. Waldron sold 9,244 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $750.11, for a total value of $6,934,016.84. Following the completion of the transaction, the chief operating officer owned 115,268 shares of the company’s stock, valued at $86,463,679.48. The trade was a 7.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.55% of the stock is owned by company insiders.

The Goldman Sachs Group Stock Performance

The Goldman Sachs Group stock opened at $789.87 on Tuesday. The company has a 50 day moving average price of $768.75 and a 200-day moving average price of $683.40. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.67 and a current ratio of 1.11. The Goldman Sachs Group, Inc. has a fifty-two week low of $439.38 and a fifty-two week high of $825.25. The company has a market capitalization of $239.11 billion, a PE ratio of 16.04, a P/E/G ratio of 1.43 and a beta of 1.42.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share for the quarter, beating the consensus estimate of $10.27 by $1.98. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 14.79%. The firm had revenue of $11.33 billion during the quarter, compared to the consensus estimate of $13.68 billion. During the same quarter in the previous year, the firm posted $8.40 earnings per share. The company’s revenue was up 19.5% on a year-over-year basis. As a group, equities analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 2nd will be paid a $4.00 dividend. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a $16.00 dividend on an annualized basis and a yield of 2.0%. The Goldman Sachs Group’s payout ratio is 32.50%.

The Goldman Sachs Group Company Profile

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.