The Goldman Sachs Group, Inc. $GS Shares Bought by Mccarter Private Wealth Services LLC

Mccarter Private Wealth Services LLC lifted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 20.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 600 shares of the investment management company’s stock after buying an additional 100 shares during the period. Mccarter Private Wealth Services LLC’s holdings in The Goldman Sachs Group were worth $425,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in GS. Brighton Jones LLC boosted its stake in shares of The Goldman Sachs Group by 17.1% during the fourth quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock worth $1,989,000 after buying an additional 508 shares during the period. Revolve Wealth Partners LLC boosted its stake in shares of The Goldman Sachs Group by 7.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock worth $508,000 after buying an additional 58 shares during the period. Keybank National Association OH boosted its stake in shares of The Goldman Sachs Group by 3.4% during the first quarter. Keybank National Association OH now owns 10,215 shares of the investment management company’s stock worth $5,580,000 after buying an additional 334 shares during the period. Resonant Capital Advisors LLC boosted its stake in shares of The Goldman Sachs Group by 8.0% during the first quarter. Resonant Capital Advisors LLC now owns 783 shares of the investment management company’s stock worth $428,000 after buying an additional 58 shares during the period. Finally, Mutual Advisors LLC boosted its stake in shares of The Goldman Sachs Group by 40.5% during the first quarter. Mutual Advisors LLC now owns 7,657 shares of the investment management company’s stock worth $4,172,000 after buying an additional 2,209 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Zacks Research downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 16th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $750.00 price objective (up previously from $625.00) on shares of The Goldman Sachs Group in a research report on Tuesday, October 21st. Citigroup raised their price objective on shares of The Goldman Sachs Group from $700.00 to $765.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. UBS Group raised their price objective on shares of The Goldman Sachs Group from $762.00 to $805.00 and gave the company a “neutral” rating in a research report on Tuesday, October 7th. Finally, HSBC raised their price objective on shares of The Goldman Sachs Group from $652.00 to $677.00 in a research report on Thursday, October 2nd. Three analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, The Goldman Sachs Group currently has an average rating of “Hold” and a consensus price target of $779.50.

Insider Transactions at The Goldman Sachs Group

In related news, COO John E. Waldron sold 9,244 shares of The Goldman Sachs Group stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $750.11, for a total transaction of $6,934,016.84. Following the completion of the transaction, the chief operating officer directly owned 115,268 shares of the company’s stock, valued at approximately $86,463,679.48. The trade was a 7.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Stock Performance

Shares of GS stock opened at $789.50 on Friday. The stock has a fifty day moving average price of $773.85 and a 200 day moving average price of $690.22. The stock has a market cap of $239.00 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, Inc. has a 1 year low of $439.38 and a 1 year high of $825.25. 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 (NYSE:GS) last issued its quarterly earnings data 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 firm had revenue of $11.33 billion during the quarter, compared to analysts’ expectations of $13.68 billion. The Goldman Sachs Group had a return on equity of 14.79% and a net margin of 13.18%.The Goldman Sachs Group’s revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the firm posted $8.40 earnings per share. Sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

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

About The Goldman Sachs Group

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.