The Goldman Sachs Group, Inc. $GS Shares Acquired by Mission Wealth Management LP

Mission Wealth Management LP lifted its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 3.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,286 shares of the investment management company’s stock after purchasing an additional 155 shares during the quarter. Mission Wealth Management LP’s holdings in The Goldman Sachs Group were worth $3,741,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GS. Kingstone Capital Partners Texas LLC raised its position in The Goldman Sachs Group by 617,504.5% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 29,058,291 shares of the investment management company’s stock worth $20,566,005,000 after buying an additional 29,053,586 shares during the last quarter. Nuveen LLC purchased a new position in The Goldman Sachs Group during the first quarter worth about $897,185,000. Ninety One UK Ltd purchased a new position in The Goldman Sachs Group during the second quarter worth about $408,780,000. Amundi lifted its position in The Goldman Sachs Group by 13.6% in the first quarter. Amundi now owns 1,891,260 shares of the investment management company’s stock valued at $967,193,000 after purchasing an additional 225,993 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in The Goldman Sachs Group by 15.6% in the 1st quarter. Ameriprise Financial Inc. now owns 1,604,472 shares of the investment management company’s stock valued at $874,318,000 after purchasing an additional 216,556 shares in the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on GS shares. BMO Capital Markets assumed coverage on The Goldman Sachs Group in a research note on Friday, October 3rd. They set a “market perform” rating and a $785.00 target price for the company. Wall Street Zen upgraded The Goldman Sachs Group from a “sell” rating to a “hold” rating in a research report on Saturday, July 12th. JMP Securities restated a “market perform” rating and set a $600.00 target price on shares of The Goldman Sachs Group in a research report on Monday, July 14th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $750.00 price target (up previously from $625.00) on shares of The Goldman Sachs Group in a report on Tuesday, October 21st. Finally, Royal Bank Of Canada reissued a “neutral” rating and set a $843.00 price objective on shares of The Goldman Sachs Group in a report on Tuesday, October 14th. Three investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $779.50.

The Goldman Sachs Group Stock Performance

Shares of GS opened at $789.50 on Monday. The Goldman Sachs Group, Inc. has a 12-month low of $439.38 and a 12-month high of $825.25. The stock has a market cap of $239.00 billion, a P/E ratio of 16.04, a PEG ratio of 1.43 and a beta of 1.42. 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 company has a 50-day moving average of $773.85 and a two-hundred day moving average of $692.85.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Tuesday, October 14th. The investment management company reported $12.25 EPS 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 business had revenue of $11.33 billion for the quarter, compared to analyst estimates of $13.68 billion. During the same period in the prior year, the business earned $8.40 earnings per share. The company’s quarterly revenue was up 19.5% on a year-over-year basis. As a group, research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal 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 given 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 dividend payout ratio (DPR) is presently 32.50%.

Insider Buying and Selling at The Goldman Sachs Group

In other news, COO John E. Waldron sold 9,244 shares of the company’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $750.11, for a total value of $6,934,016.84. Following the sale, the chief operating officer directly owned 115,268 shares in the company, valued at $86,463,679.48. This represents a 7.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.55% of the stock is currently owned by company insiders.

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.