TruWealth Advisors LLC Purchases Shares of 27,000 The Goldman Sachs Group, Inc. $GS

TruWealth Advisors LLC acquired a new position in The Goldman Sachs Group, Inc. (NYSE:GS) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 27,000 shares of the investment management company’s stock, valued at approximately $21,502,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in GS. Dogwood Wealth Management LLC grew its position in 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 worth $26,000 after buying an additional 36 shares during the last quarter. Clearstead Trust LLC bought a new stake in shares of The Goldman Sachs Group during the 2nd quarter worth $31,000. Graney & King LLC boosted its stake in shares of The Goldman Sachs Group by 51.5% during the 2nd quarter. Graney & King LLC now owns 50 shares of the investment management company’s stock worth $35,000 after acquiring an additional 17 shares in the last quarter. Ridgewood Investments LLC grew its holdings in shares of The Goldman Sachs Group by 45.9% in the 2nd quarter. Ridgewood Investments LLC now owns 54 shares of the investment management company’s stock worth $38,000 after acquiring an additional 17 shares during the last quarter. Finally, MeadowBrook Investment Advisors LLC acquired a new stake in shares of The Goldman Sachs Group during the second quarter worth $39,000. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Up 0.3%

GS opened at $890.48 on Tuesday. The firm has a market cap of $267.08 billion, a P/E ratio of 18.09, a price-to-earnings-growth ratio of 1.17 and a beta of 1.36. The company has a debt-to-equity ratio of 2.53, a quick ratio of 0.65 and a current ratio of 0.65. The business has a 50 day moving average price of $801.88 and a 200 day moving average price of $747.08. The Goldman Sachs Group, Inc. has a twelve month low of $439.38 and a twelve month high of $919.10.

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 for the quarter, topping analysts’ consensus estimates 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 net margin of 13.18% and a return on equity of 15.29%. The Goldman Sachs Group’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same period in the previous year, the company earned $8.40 earnings per share. Research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS 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. Shareholders of record on Tuesday, December 2nd will be given a $4.00 dividend. This represents a $16.00 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Tuesday, December 2nd. The Goldman Sachs Group’s payout ratio is currently 32.50%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Morgan Stanley decreased their price target 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. Wells Fargo & Company boosted their price target on shares of The Goldman Sachs Group from $785.00 to $855.00 and gave the company an “overweight” rating in a report on Tuesday, September 16th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $750.00 target price (up previously from $625.00) on shares of The Goldman Sachs Group in a research report on Tuesday, October 21st. Dbs Bank upped their target price on The Goldman Sachs Group from $800.00 to $890.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Finally, Royal Bank Of Canada lifted their price target on The Goldman Sachs Group from $843.00 to $900.00 and gave the company a “sector perform” rating in a report on Friday. Four analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $787.06.

About The Goldman Sachs Group

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.