Evernest Financial Advisors LLC Acquires 358 Shares of The Goldman Sachs Group, Inc. $GS

Evernest Financial Advisors LLC grew its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 12.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,169 shares of the investment management company’s stock after purchasing an additional 358 shares during the period. The Goldman Sachs Group makes up about 0.7% of Evernest Financial Advisors LLC’s holdings, making the stock its 29th biggest position. Evernest Financial Advisors LLC’s holdings in The Goldman Sachs Group were worth $2,243,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Canada Pension Plan Investment Board raised its position in shares of The Goldman Sachs Group by 28.6% in the first quarter. Canada Pension Plan Investment Board now owns 524,296 shares of the investment management company’s stock valued at $286,418,000 after purchasing an additional 116,535 shares during the period. Clear Creek Financial Management LLC bought a new stake in The Goldman Sachs Group during the 1st quarter worth approximately $321,000. Blueshift Asset Management LLC increased its holdings in The Goldman Sachs Group by 161.8% during the 1st quarter. Blueshift Asset Management LLC now owns 1,055 shares of the investment management company’s stock worth $576,000 after acquiring an additional 652 shares during the period. Adams Diversified Equity Fund Inc. increased its holdings in The Goldman Sachs Group by 41.5% during the 1st quarter. Adams Diversified Equity Fund Inc. now owns 49,800 shares of the investment management company’s stock worth $27,205,000 after acquiring an additional 14,600 shares during the period. Finally, Terra Nova Asset Management LLC bought a new stake in The Goldman Sachs Group during the 1st quarter worth approximately $1,643,000. Institutional investors own 71.21% of the company’s stock.

Insider Buying and Selling at The Goldman Sachs Group

In other news, COO John E. Waldron sold 9,000 shares of the company’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $750.51, for a total value of $6,754,590.00. Following the completion of the sale, the chief operating officer owned 106,268 shares of the company’s stock, valued at approximately $79,755,196.68. This represents a 7.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John F.W. Rogers sold 6,008 shares of the company’s stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $717.39, for a total transaction of $4,310,079.12. Following the completion of the sale, the executive vice president directly owned 65,761 shares of the company’s stock, valued at $47,176,283.79. This trade represents a 8.37% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,323 shares of company stock worth $28,111,828 over the last 90 days. Company insiders own 0.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on GS shares. Royal Bank Of Canada reaffirmed a “neutral” rating and set a $843.00 target price on shares of The Goldman Sachs Group in a report on Tuesday. Keefe, Bruyette & Woods upped their target price on shares of The Goldman Sachs Group from $790.00 to $850.00 and gave the stock a “market perform” rating in a report on Friday, October 10th. UBS Group upped their target price on shares of The Goldman Sachs Group from $762.00 to $805.00 and gave the stock a “neutral” rating in a report on Tuesday, October 7th. JMP Securities reaffirmed a “market perform” rating and set a $600.00 target price on shares of The Goldman Sachs Group in a report on Monday, July 14th. Finally, Morgan Stanley decreased their target price on shares of The Goldman Sachs Group from $854.00 to $828.00 and set an “equal weight” rating on the stock in a report on Wednesday. Four equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $765.07.

The Goldman Sachs Group Price Performance

GS stock opened at $768.20 on Thursday. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.11 and a quick ratio of 0.67. The Goldman Sachs Group, Inc. has a one year low of $439.38 and a one year high of $825.25. The stock has a market cap of $232.55 billion, a PE ratio of 15.60, a P/E/G ratio of 1.45 and a beta of 1.42. The firm has a 50 day simple moving average of $763.93 and a two-hundred day simple moving average of $666.82.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Tuesday, October 14th. The investment management company reported $12.25 EPS for the quarter, topping analysts’ consensus estimates of $10.27 by $1.98. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 14.79%. The business had revenue of $11.33 billion during the quarter, compared to analysts’ expectations of $13.68 billion. During the same quarter in the previous year, the company earned $8.40 EPS. The business’s quarterly revenue was up 19.5% compared to the same quarter last year. On average, analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd will be paid a $4.00 dividend. This represents a $16.00 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Tuesday, December 2nd. The Goldman Sachs Group’s payout ratio is currently 35.26%.

The Goldman Sachs Group Company Profile

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.