Metis Global Partners LLC Buys 632 Shares of The Goldman Sachs Group, Inc. $GS

Metis Global Partners LLC raised its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 4.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 15,558 shares of the investment management company’s stock after purchasing an additional 632 shares during the quarter. Metis Global Partners LLC’s holdings in The Goldman Sachs Group were worth $11,011,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Winthrop Advisory Group LLC lifted its holdings in The Goldman Sachs Group by 3.4% during the second quarter. Winthrop Advisory Group LLC now owns 429 shares of the investment management company’s stock valued at $303,000 after purchasing an additional 14 shares in the last quarter. KPP Advisory Services LLC increased its stake in shares of The Goldman Sachs Group by 2.1% during the second quarter. KPP Advisory Services LLC now owns 668 shares of the investment management company’s stock worth $473,000 after purchasing an additional 14 shares in the last quarter. Avion Wealth raised its position in shares of The Goldman Sachs Group by 31.1% during the 2nd quarter. Avion Wealth now owns 59 shares of the investment management company’s stock worth $41,000 after purchasing an additional 14 shares during the last quarter. Dumont & Blake Investment Advisors LLC lifted its stake in The Goldman Sachs Group by 0.7% in the 2nd quarter. Dumont & Blake Investment Advisors LLC now owns 2,241 shares of the investment management company’s stock valued at $1,586,000 after buying an additional 15 shares in the last quarter. Finally, Mechanics Financial Corp lifted its stake in The Goldman Sachs Group by 5.8% in the 2nd quarter. Mechanics Financial Corp now owns 294 shares of the investment management company’s stock valued at $208,000 after buying an additional 16 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Down 0.2%

Shares of NYSE:GS opened at $786.03 on Friday. The Goldman Sachs Group, Inc. has a 52-week low of $439.38 and a 52-week high of $825.25. The stock has a market cap of $235.75 billion, a P/E ratio of 15.97, a PEG ratio of 1.43 and a beta of 1.41. The business has a fifty day moving average of $778.04 and a two-hundred day moving average of $700.04. The company has a quick ratio of 0.67, a current ratio of 1.11 and a debt-to-equity ratio of 2.23.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Tuesday, October 14th. The investment management company reported $12.25 EPS for the quarter, topping the consensus estimate of $10.27 by $1.98. The Goldman Sachs Group had a return on equity of 14.79% and a net margin of 13.18%.The business had revenue of $15.18 billion for the quarter, compared to analyst estimates of $13.68 billion. During the same quarter in the previous year, the firm earned $8.40 EPS. The company’s quarterly revenue was up 19.5% compared to the same quarter last year. On average, research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

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

Wall Street Analysts Forecast Growth

GS has been the subject of a number of research analyst reports. Zacks Research cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 16th. Citizens Jmp reissued a “market perform” rating on shares of The Goldman Sachs Group in a research note on Monday, July 14th. Evercore ISI raised their price objective on The Goldman Sachs Group from $752.00 to $830.00 and gave the company an “outperform” rating in a report on Tuesday, September 30th. HSBC lifted their target price on shares of The Goldman Sachs Group from $652.00 to $677.00 in a research note on Thursday, October 2nd. Finally, Keefe, Bruyette & Woods increased their target price on shares of The Goldman Sachs Group from $850.00 to $870.00 and gave the company a “market perform” rating in a research report on Friday, October 17th. Three analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $779.50.

Insider Buying and Selling at The Goldman Sachs Group

In other news, COO John E. Waldron sold 9,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $750.51, for a total transaction of $6,754,590.00. Following the completion of the sale, the chief operating officer owned 106,268 shares in the company, valued at $79,755,196.68. This trade represents a 7.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.55% of the stock is currently owned by company insiders.

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.