J.W. Cole Advisors Inc. Acquires 2,668 Shares of The Goldman Sachs Group, Inc. $GS

J.W. Cole Advisors Inc. lifted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 27.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,529 shares of the investment management company’s stock after buying an additional 2,668 shares during the period. J.W. Cole Advisors Inc.’s holdings in The Goldman Sachs Group were worth $8,867,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of GS. Kingstone Capital Partners Texas LLC boosted its holdings in shares of 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 valued at $20,566,005,000 after acquiring an additional 29,053,586 shares during the last quarter. Nuveen LLC purchased a new position in shares of The Goldman Sachs Group during the first quarter valued at approximately $897,185,000. Ninety One UK Ltd bought a new position in The Goldman Sachs Group during the second quarter valued at approximately $408,780,000. AGF Management Ltd. boosted its holdings in The Goldman Sachs Group by 2,429.6% in the second quarter. AGF Management Ltd. now owns 485,375 shares of the investment management company’s stock worth $343,524,000 after purchasing an additional 466,187 shares during the last quarter. Finally, Laurel Wealth Advisors LLC boosted its holdings in The Goldman Sachs Group by 100,678.6% in the second quarter. Laurel Wealth Advisors LLC now owns 404,122 shares of the investment management company’s stock worth $286,017,000 after purchasing an additional 403,721 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors.

The Goldman Sachs Group Price Performance

Shares of The Goldman Sachs Group stock opened at $802.75 on Wednesday. The stock has a market cap of $240.77 billion, a P/E ratio of 16.31, a P/E/G ratio of 1.43 and a beta of 1.41. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.67 and a current ratio of 1.11. The stock’s fifty day moving average is $786.41 and its 200 day moving average is $722.75. The Goldman Sachs Group, Inc. has a one year low of $439.38 and a one year high of $841.28.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results 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 Goldman Sachs Group had a return on equity of 14.79% and a net margin of 13.18%.The business had revenue of $15.18 billion during the quarter, compared to analyst estimates of $13.68 billion. During the same quarter in the previous year, the company posted $8.40 earnings per share. The Goldman Sachs Group’s revenue for the quarter was up 19.5% on a year-over-year basis. Sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

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

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, COO John E. Waldron sold 9,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $750.51, for a total transaction of $6,754,590.00. Following the sale, the chief operating officer owned 106,268 shares in the company, valued at approximately $79,755,196.68. This trade represents a 7.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.55% of the company’s stock.

Analysts Set New Price Targets

GS has been the subject of a number of research reports. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $750.00 target price (up from $625.00) on shares of The Goldman Sachs Group in a research note on Tuesday, October 21st. Evercore ISI lifted their price objective on The Goldman Sachs Group from $752.00 to $830.00 and gave the stock an “outperform” rating in a report on Tuesday, September 30th. Barclays upped their price objective on The Goldman Sachs Group from $720.00 to $850.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Deutsche Bank Aktiengesellschaft raised their target price on The Goldman Sachs Group from $725.00 to $790.00 and gave the stock a “hold” rating in a research report on Tuesday, September 30th. Finally, Citigroup boosted their price target on The Goldman Sachs Group from $700.00 to $765.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Four 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’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $786.00.

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.