Good Life Advisors LLC Boosts Stock Position in The Goldman Sachs Group, Inc. $GS

Good Life Advisors LLC increased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 9.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 948 shares of the investment management company’s stock after buying an additional 84 shares during the period. Good Life Advisors LLC’s holdings in The Goldman Sachs Group were worth $671,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GS. Clal Insurance Enterprises Holdings Ltd purchased a new position in The Goldman Sachs Group in the 1st quarter valued at about $25,000. Dogwood Wealth Management LLC lifted its position in shares of The Goldman Sachs Group by 1,800.0% in the second quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company’s stock valued at $26,000 after acquiring an additional 36 shares in the last quarter. Ridgewood Investments LLC lifted its position in shares of The Goldman Sachs Group by 45.9% in the second quarter. Ridgewood Investments LLC now owns 54 shares of the investment management company’s stock valued at $38,000 after acquiring an additional 17 shares in the last quarter. MeadowBrook Investment Advisors LLC acquired a new stake in shares of The Goldman Sachs Group in the second quarter worth approximately $39,000. Finally, Avion Wealth increased its position in shares of The Goldman Sachs Group by 31.1% during the second quarter. Avion Wealth now owns 59 shares of the investment management company’s stock worth $41,000 after purchasing an additional 14 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Insider Buying and Selling at The Goldman Sachs Group

In related news, COO John E. Waldron sold 9,244 shares of The Goldman Sachs Group stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $750.11, for a total value of $6,934,016.84. Following the completion of the sale, the chief operating officer owned 115,268 shares in the company, valued at approximately $86,463,679.48. This trade represents a 7.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.55% of the company’s stock.

Wall Street Analyst Weigh In

GS has been the topic of several recent research reports. BNP Paribas Exane lifted their target price on shares of The Goldman Sachs Group from $685.00 to $775.00 and gave the stock a “neutral” rating in a research note on Friday, October 17th. Deutsche Bank Aktiengesellschaft raised their target price on shares of The Goldman Sachs Group from $725.00 to $790.00 and gave the stock a “hold” rating in a research note on Tuesday, September 30th. Evercore ISI increased their price target on The Goldman Sachs Group from $752.00 to $830.00 and gave the company an “outperform” rating in a report on Tuesday, September 30th. UBS Group boosted their price objective on The Goldman Sachs Group from $762.00 to $805.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 7th. Finally, Keefe, Bruyette & Woods raised their target price on The Goldman Sachs Group from $850.00 to $870.00 and gave the stock a “market perform” rating in a research note on Friday, October 17th. Four investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $786.00.

The Goldman Sachs Group Price Performance

NYSE:GS opened at $790.56 on Friday. The Goldman Sachs Group, Inc. has a 52 week low of $439.38 and a 52 week high of $841.28. The stock’s fifty day moving average is $785.07 and its two-hundred day moving average is $709.46. The company has a market capitalization of $237.11 billion, a P/E ratio of 16.06, a P/E/G ratio of 1.43 and a beta of 1.41. The company has a quick ratio of 0.67, a current ratio of 1.11 and a debt-to-equity ratio of 2.23.

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, topping analysts’ consensus estimates of $10.27 by $1.98. The firm had revenue of $15.18 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 19.5% on a year-over-year basis. During the same period last year, the company earned $8.40 EPS. Equities analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd will be issued 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 dividend 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.