Bogart Wealth LLC Grows Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Bogart Wealth LLC grew its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 17.4% during the third quarter, HoldingsChannel.com reports. The firm owned 6,788 shares of the investment management company’s stock after acquiring an additional 1,006 shares during the quarter. Bogart Wealth LLC’s holdings in The Goldman Sachs Group were worth $2,566,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in GS. Colony Group LLC purchased a new stake in The Goldman Sachs Group in the first quarter worth $422,000. Sierra Capital LLC purchased a new position in shares of The Goldman Sachs Group during the first quarter valued at $86,000. Advisory Services Network LLC increased its stake in shares of The Goldman Sachs Group by 0.4% during the first quarter. Advisory Services Network LLC now owns 12,238 shares of the investment management company’s stock valued at $4,001,000 after buying an additional 48 shares during the period. KB Financial Partners LLC purchased a new position in shares of The Goldman Sachs Group during the first quarter valued at $45,000. Finally, Coldstream Capital Management Inc. increased its stake in shares of The Goldman Sachs Group by 20.9% during the first quarter. Coldstream Capital Management Inc. now owns 1,198 shares of the investment management company’s stock valued at $392,000 after buying an additional 207 shares during the period. Institutional investors and hedge funds own 70.64% of the company’s stock.

The Goldman Sachs Group stock opened at $389.39 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 2.52. The Goldman Sachs Group, Inc. has a 52 week low of $230.36 and a 52 week high of $426.16. The company has a market capitalization of $130.37 billion, a price-to-earnings ratio of 6.42, a price-to-earnings-growth ratio of 0.59 and a beta of 1.53. The stock has a 50-day moving average price of $398.61 and a 200 day moving average price of $388.57.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Thursday, October 14th. The investment management company reported $14.93 EPS for the quarter, topping the Zacks’ consensus estimate of $9.78 by $5.15. The Goldman Sachs Group had a return on equity of 24.52% and a net margin of 34.46%. The firm had revenue of $13.61 billion during the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter in the previous year, the company posted $9.68 earnings per share. The company’s revenue was up 26.2% compared to the same quarter last year. Research analysts anticipate that The Goldman Sachs Group, Inc. will post 60.13 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 30th. Investors of record on Thursday, December 2nd will be given a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 2.05%. The ex-dividend date is Wednesday, December 1st. The Goldman Sachs Group’s dividend payout ratio is currently 13.19%.

GS has been the topic of several research reports. Credit Suisse Group raised their price target on The Goldman Sachs Group from $450.00 to $470.00 and gave the company an “outperform” rating in a research note on Monday, October 18th. Wells Fargo & Company raised their price target on The Goldman Sachs Group from $430.00 to $450.00 and gave the company an “overweight” rating in a research note on Monday, October 25th. Piper Sandler raised their price objective on The Goldman Sachs Group from $435.00 to $465.00 and gave the company an “overweight” rating in a research report on Monday, October 18th. Citigroup raised their price objective on The Goldman Sachs Group from $410.00 to $440.00 and gave the company a “buy” rating in a research report on Friday, October 1st. Finally, JMP Securities raised their price objective on The Goldman Sachs Group from $440.00 to $450.00 and gave the company a “market perform” rating in a research report on Tuesday, October 5th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of “Buy” and an average target price of $419.29.

The Goldman Sachs Group Company Profile

Goldman Sachs Group, Inc engages in global investment banking, securities, and investment management, which provides financial services. It operates through the following business segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The Investment Banking segment serves public and private sector clients around the world and provides financial advisory services, help companies raise capital to strengthen and grow their businesses and provide financing to corporate clients.

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

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