Paul R. Ried Financial Group LLC Takes $235,000 Position in The Goldman Sachs Group, Inc. $GS

Paul R. Ried Financial Group LLC purchased a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 332 shares of the investment management company’s stock, valued at approximately $235,000.

A number of other large investors have also added to or reduced their stakes in GS. Kingstone Capital Partners Texas LLC grew its holdings in The Goldman Sachs Group by 617,504.5% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 29,058,291 shares of the investment management company’s stock worth $20,566,005,000 after acquiring an additional 29,053,586 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of The Goldman Sachs Group by 4.9% in the second quarter. Bank of New York Mellon Corp now owns 3,379,900 shares of the investment management company’s stock worth $2,392,124,000 after purchasing an additional 157,473 shares during the last quarter. Northern Trust Corp increased its holdings in The Goldman Sachs Group by 1.2% in the first quarter. Northern Trust Corp now owns 3,332,804 shares of the investment management company’s stock valued at $1,820,677,000 after purchasing an additional 40,125 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in The Goldman Sachs Group by 6.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,084,108 shares of the investment management company’s stock valued at $1,138,527,000 after purchasing an additional 120,272 shares during the period. Finally, Amundi lifted its holdings in The Goldman Sachs Group by 13.6% during the 1st quarter. Amundi now owns 1,891,260 shares of the investment management company’s stock worth $967,193,000 after buying an additional 225,993 shares during the period. Institutional investors own 71.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Morgan Stanley lowered their price objective on The Goldman Sachs Group from $854.00 to $828.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 15th. Dbs Bank increased their target price on shares of The Goldman Sachs Group from $800.00 to $890.00 and gave the company a “buy” rating in a research report on Thursday. Royal Bank Of Canada restated a “neutral” rating and issued a $843.00 price target on shares of The Goldman Sachs Group in a research report on Tuesday, October 14th. BNP Paribas Exane upped their price objective on shares of The Goldman Sachs Group from $685.00 to $775.00 and gave the company a “neutral” rating in a research note on Friday, October 17th. Finally, 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. Four research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $786.00.

Insider Buying and Selling

In related news, COO John E. Waldron sold 9,000 shares of the company’s stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $750.51, for a total transaction of $6,754,590.00. Following the transaction, the chief operating officer directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.55% of the stock is owned by insiders.

The Goldman Sachs Group Stock Performance

Shares of GS stock opened at $790.56 on Friday. The firm has a 50 day moving average of $785.07 and a 200-day moving average of $710.58. The company has a market cap of $237.11 billion, a price-to-earnings ratio of 16.06, a price-to-earnings-growth 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, Inc. has a 52 week low of $439.38 and a 52 week high of $841.28.

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

The Goldman Sachs Group Dividend Announcement

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

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.