The Goldman Sachs Group, Inc. $GS Shares Purchased by Whitaker Myers Wealth Managers LTD.

Whitaker Myers Wealth Managers LTD. raised its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 228.8% in the third quarter, HoldingsChannel.com reports. The fund owned 3,071 shares of the investment management company’s stock after buying an additional 2,137 shares during the quarter. The Goldman Sachs Group accounts for 0.5% of Whitaker Myers Wealth Managers LTD.’s portfolio, making the stock its 26th biggest position. Whitaker Myers Wealth Managers LTD.’s holdings in The Goldman Sachs Group were worth $2,446,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Yeomans Consulting Group Inc. bought a new stake in shares of The Goldman Sachs Group in the 3rd quarter worth approximately $414,000. CWM LLC grew its stake in The Goldman Sachs Group by 69.8% during the 3rd quarter. CWM LLC now owns 25,553 shares of the investment management company’s stock worth $20,349,000 after buying an additional 10,500 shares during the last quarter. Busey Bank increased its position in The Goldman Sachs Group by 0.6% in the third quarter. Busey Bank now owns 37,075 shares of the investment management company’s stock worth $29,525,000 after buying an additional 222 shares during the period. Pacer Advisors Inc. lifted its stake in The Goldman Sachs Group by 4.9% in the third quarter. Pacer Advisors Inc. now owns 31,560 shares of the investment management company’s stock valued at $25,133,000 after buying an additional 1,466 shares during the last quarter. Finally, BSW Wealth Partners boosted its holdings in shares of The Goldman Sachs Group by 4.4% during the third quarter. BSW Wealth Partners now owns 1,502 shares of the investment management company’s stock valued at $1,196,000 after acquiring an additional 63 shares during the period. 71.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on GS. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of The Goldman Sachs Group in a report on Monday. Barclays upped their target price on shares of The Goldman Sachs Group from $720.00 to $850.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Morgan Stanley cut their price target on The Goldman Sachs Group from $854.00 to $828.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 15th. Rothschild & Co Redburn increased their price objective on The Goldman Sachs Group from $608.00 to $748.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Finally, Keefe, Bruyette & Woods lifted their target price on The Goldman Sachs Group from $870.00 to $971.00 and gave the company a “market perform” rating in a research note on Wednesday, December 17th. Four investment analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, The Goldman Sachs Group has an average rating of “Hold” and a consensus target price of $792.67.

The Goldman Sachs Group Stock Performance

Shares of NYSE GS opened at $910.34 on Friday. The Goldman Sachs Group, Inc. has a 1 year low of $439.38 and a 1 year high of $919.10. The firm has a market cap of $273.04 billion, a P/E ratio of 18.49, a PEG ratio of 1.20 and a beta of 1.36. The stock has a fifty day moving average price of $820.82 and a two-hundred day moving average price of $761.16. 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 Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data 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 return on equity of 15.29% and a net margin of 13.18%.The business had revenue of $15.18 billion during the quarter, compared to analyst estimates of $13.68 billion. During the same quarter in the prior year, the firm posted $8.40 earnings per share. The company’s revenue was up 19.5% on a year-over-year basis. Research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd will be given a dividend of $4.00 per share. The ex-dividend date is Tuesday, December 2nd. This represents a $16.00 annualized dividend and a dividend yield of 1.8%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 32.50%.

The Goldman Sachs Group 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.