Paulson Wealth Management Inc. Invests $205,000 in The Goldman Sachs Group, Inc. $GS

Paulson Wealth Management Inc. acquired a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 290 shares of the investment management company’s stock, valued at approximately $205,000.

Several other institutional investors also recently bought and sold shares of GS. 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 during the last quarter. Avion Wealth increased its position 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 valued at $41,000 after buying an additional 14 shares in the last quarter. KPP Advisory Services LLC boosted its holdings in 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 worth $473,000 after acquiring an additional 14 shares in the last quarter. Dumont & Blake Investment Advisors LLC grew its stake in shares of The Goldman Sachs Group by 0.7% during the second quarter. Dumont & Blake Investment Advisors LLC now owns 2,241 shares of the investment management company’s stock worth $1,586,000 after acquiring an additional 15 shares during the last quarter. Finally, Mechanics Financial Corp increased its holdings in shares of The Goldman Sachs Group by 5.8% during the second quarter. Mechanics Financial Corp now owns 294 shares of the investment management company’s stock valued at $208,000 after acquiring an additional 16 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on GS shares. Daiwa Capital Markets lifted their target price on shares of 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. HSBC lifted their price objective on shares of The Goldman Sachs Group from $652.00 to $677.00 in a research note on Thursday, October 2nd. Citigroup boosted their price objective on shares of The Goldman Sachs Group from $700.00 to $765.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. Citizens Jmp restated a “market perform” rating on shares of The Goldman Sachs Group in a research note on Monday, July 14th. Finally, BNP Paribas Exane lifted their price target on The Goldman Sachs Group from $685.00 to $775.00 and gave the stock a “neutral” rating in a research report on Friday, October 17th. Three research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, The Goldman Sachs Group presently has an average rating of “Hold” and an average target price of $779.50.

Insiders Place Their Bets

In other The Goldman Sachs Group news, COO John E. Waldron sold 9,244 shares of the stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $750.11, for a total transaction of $6,934,016.84. Following the transaction, the chief operating officer owned 115,268 shares in the company, valued at approximately $86,463,679.48. This represents a 7.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Trading Down 0.7%

NYSE GS opened at $787.24 on Friday. The Goldman Sachs Group, Inc. has a 1 year low of $439.38 and a 1 year high of $825.25. 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 company has a market capitalization of $236.12 billion, a PE ratio of 15.99, a P/E/G ratio of 1.43 and a beta of 1.41. The company has a fifty day moving average of $777.23 and a 200 day moving average of $698.07.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Tuesday, October 14th. The investment management company reported $12.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.27 by $1.98. The business had revenue of $15.18 billion during the quarter, compared to analysts’ expectations of $13.68 billion. The Goldman Sachs Group had a return on equity of 14.79% and a net margin of 13.18%.The company’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $8.40 EPS. Research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 2nd will be paid a $4.00 dividend. This represents a $16.00 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Tuesday, December 2nd. The Goldman Sachs Group’s payout ratio is currently 32.50%.

The Goldman Sachs Group 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.