Intellectus Partners LLC Acquires 70 Shares of Goldman Sachs Group Inc (NYSE:GS)

Intellectus Partners LLC raised its holdings in Goldman Sachs Group Inc (NYSE:GS) by 0.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,281 shares of the investment management company’s stock after buying an additional 70 shares during the period. Intellectus Partners LLC’s holdings in Goldman Sachs Group were worth $1,716,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. FARMERS & MERCHANTS TRUST Co OF LONG BEACH raised its holdings in shares of Goldman Sachs Group by 1.6% in the second quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 3,093 shares of the investment management company’s stock valued at $633,000 after purchasing an additional 48 shares during the last quarter. Evolution Wealth Advisors LLC increased its holdings in Goldman Sachs Group by 12.3% during the second quarter. Evolution Wealth Advisors LLC now owns 449 shares of the investment management company’s stock worth $92,000 after buying an additional 49 shares during the last quarter. Cannell Peter B & Co. Inc. increased its holdings in Goldman Sachs Group by 1.6% during the second quarter. Cannell Peter B & Co. Inc. now owns 3,130 shares of the investment management company’s stock worth $640,000 after buying an additional 50 shares during the last quarter. Kistler Tiffany Companies LLC increased its holdings in Goldman Sachs Group by 5.1% during the second quarter. Kistler Tiffany Companies LLC now owns 1,063 shares of the investment management company’s stock worth $217,000 after buying an additional 52 shares during the last quarter. Finally, SOL Capital Management CO increased its holdings in Goldman Sachs Group by 3.4% during the second quarter. SOL Capital Management CO now owns 1,652 shares of the investment management company’s stock worth $338,000 after buying an additional 55 shares during the last quarter. 68.66% of the stock is currently owned by hedge funds and other institutional investors.

Shares of GS traded up $5.71 during trading hours on Friday, hitting $205.58. The company’s stock had a trading volume of 75,892 shares, compared to its average volume of 2,513,827. The company has a market cap of $70.97 billion, a price-to-earnings ratio of 8.14, a PEG ratio of 0.74 and a beta of 1.35. The company has a debt-to-equity ratio of 2.78, a current ratio of 0.85 and a quick ratio of 0.85. The business has a 50 day simple moving average of $206.36 and a two-hundred day simple moving average of $202.72. Goldman Sachs Group Inc has a 52-week low of $151.70 and a 52-week high of $234.06.

Goldman Sachs Group (NYSE:GS) last posted its earnings results on Tuesday, July 16th. The investment management company reported $5.81 earnings per share for the quarter, topping the consensus estimate of $4.73 by $1.08. The firm had revenue of $9.46 billion during the quarter, compared to the consensus estimate of $8.88 billion. Goldman Sachs Group had a net margin of 22.09% and a return on equity of 12.43%. The company’s revenue was up .6% on a year-over-year basis. During the same quarter last year, the company earned $5.98 earnings per share. Research analysts predict that Goldman Sachs Group Inc will post 22.07 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 30th were paid a $1.25 dividend. This is an increase from Goldman Sachs Group’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $5.00 annualized dividend and a dividend yield of 2.43%. Goldman Sachs Group’s dividend payout ratio (DPR) is presently 19.79%.

In other news, EVP Dane E. Holmes sold 3,165 shares of Goldman Sachs Group stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $212.15, for a total value of $671,454.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.41% of the stock is owned by company insiders.

A number of analysts recently issued reports on GS shares. Royal Bank of Canada set a $220.00 price objective on shares of Goldman Sachs Group and gave the stock a “neutral” rating in a report on Monday. Odeon Capital Group downgraded shares of Goldman Sachs Group from a “buy” rating to a “hold” rating in a report on Thursday, September 5th. BMO Capital Markets raised their price objective on shares of Goldman Sachs Group to $273.00 and gave the stock a “market perform” rating in a report on Wednesday, July 17th. JPMorgan Chase & Co. restated a “buy” rating and set a $240.00 price objective on shares of Goldman Sachs Group in a report on Wednesday, July 17th. Finally, TheStreet upgraded shares of Goldman Sachs Group from a “c+” rating to a “b” rating in a report on Tuesday, August 6th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $240.92.

Goldman Sachs Group Profile

The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates in four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.

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Institutional Ownership by Quarter for Goldman Sachs Group (NYSE:GS)

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