Regent Peak Wealth Advisors LLC Makes New $575,000 Investment in The Goldman Sachs Group, Inc. $GS

Regent Peak Wealth Advisors LLC acquired a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 722 shares of the investment management company’s stock, valued at approximately $575,000.

Several other large investors have also recently bought and sold shares of the company. Winthrop Advisory Group LLC lifted its holdings in shares of The Goldman Sachs Group by 3.4% during the 2nd 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. Avion Wealth increased its holdings in 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 in the last quarter. KPP Advisory Services LLC lifted its holdings in shares of The Goldman Sachs Group by 2.1% in the second quarter. KPP Advisory Services LLC now owns 668 shares of the investment management company’s stock valued at $473,000 after purchasing an additional 14 shares in the last quarter. FAS Wealth Partners Inc. boosted its position in shares of The Goldman Sachs Group by 2.2% during the second quarter. FAS Wealth Partners Inc. now owns 653 shares of the investment management company’s stock worth $462,000 after buying an additional 14 shares during the period. Finally, Ignite Planners LLC boosted its position in The Goldman Sachs Group by 4.2% during the 3rd quarter. Ignite Planners LLC now owns 351 shares of the investment management company’s stock worth $280,000 after acquiring an additional 14 shares during the last quarter. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Performance

NYSE GS opened at $910.34 on Friday. The stock has a market cap of $273.04 billion, a PE ratio of 18.49, a P/E/G ratio of 1.20 and a beta of 1.36. The company has a debt-to-equity ratio of 2.53, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a 50-day moving average of $820.82 and a 200-day moving average of $761.16. The Goldman Sachs Group, Inc. has a 52-week low of $439.38 and a 52-week high of $919.10.

The Goldman Sachs Group (NYSE:GS) last released 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 firm had revenue of $15.18 billion for the quarter, compared to analysts’ expectations of $13.68 billion. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 15.29%. The business’s revenue was up 19.5% on a year-over-year basis. During the same period in the prior year, the firm earned $8.40 EPS. On average, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared 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. This represents a $16.00 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Tuesday, December 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 32.50%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on GS. Dbs Bank boosted their price objective on shares of The Goldman Sachs Group from $800.00 to $890.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. UBS Group raised their price objective on The Goldman Sachs Group from $762.00 to $805.00 and gave the company a “neutral” rating in a report on Tuesday, October 7th. Daiwa Capital Markets upped their price objective on The Goldman Sachs Group from $756.00 to $810.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 8th. Citigroup boosted their target price on shares of The Goldman Sachs Group from $700.00 to $765.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of The Goldman Sachs Group in a research note on Monday. Four research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, The Goldman Sachs Group has an average rating of “Hold” and a consensus price target of $792.67.

The Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.