B. Riley Wealth Advisors Inc. raised its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS – Get Rating) by 37.1% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 14,155 shares of the investment management company’s stock after purchasing an additional 3,827 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in The Goldman Sachs Group were worth $4,148,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the stock. Centerpoint Advisors LLC bought a new position in shares of The Goldman Sachs Group during the 3rd quarter worth approximately $26,000. Transamerica Financial Advisors Inc. lifted its position in shares of The Goldman Sachs Group by 727.3% during the 3rd quarter. Transamerica Financial Advisors Inc. now owns 91 shares of the investment management company’s stock worth $27,000 after buying an additional 80 shares in the last quarter. NewSquare Capital LLC bought a new stake in shares of The Goldman Sachs Group in the 3rd quarter worth approximately $29,000. Paragon Wealth Strategies LLC bought a new stake in shares of The Goldman Sachs Group in the 3rd quarter worth approximately $31,000. Finally, Worth Asset Management LLC bought a new stake in shares of The Goldman Sachs Group in the 1st quarter worth approximately $33,000. Institutional investors and hedge funds own 69.09% of the company’s stock.
Insiders Place Their Bets
In related news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, March 14th. The shares were sold at an average price of $6.43, for a total transaction of $25,720,000.00. Following the completion of the transaction, the insider now directly owns 17,099,784 shares of the company’s stock, valued at approximately $109,951,611.12. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.57% of the company’s stock.
The Goldman Sachs Group Trading Up 0.9 %
The Goldman Sachs Group (NYSE:GS – Get Rating) last released its quarterly earnings results on Tuesday, January 17th. The investment management company reported $3.32 earnings per share for the quarter, missing the consensus estimate of $5.25 by ($1.93). The business had revenue of $10.59 billion during the quarter, compared to the consensus estimate of $10.91 billion. The Goldman Sachs Group had a return on equity of 10.55% and a net margin of 16.39%. The firm’s revenue was down 16.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $10.81 earnings per share. On average, equities research analysts forecast that The Goldman Sachs Group, Inc. will post 33.14 earnings per share for the current fiscal year.
The Goldman Sachs Group Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 30th. Shareholders of record on Thursday, March 2nd will be issued a $2.50 dividend. The ex-dividend date is Wednesday, March 1st. This represents a $10.00 dividend on an annualized basis and a yield of 3.17%. The Goldman Sachs Group’s dividend payout ratio is currently 33.27%.
Analyst Ratings Changes
A number of equities research analysts recently commented on the stock. UBS Group lifted their price target on shares of The Goldman Sachs Group from $325.00 to $350.00 and gave the stock a “neutral” rating in a report on Monday, January 9th. Oppenheimer lifted their price target on shares of The Goldman Sachs Group from $441.00 to $463.00 and gave the stock an “outperform” rating in a report on Thursday, February 2nd. JMP Securities reaffirmed a “market outperform” rating and issued a $470.00 price target on shares of The Goldman Sachs Group in a report on Monday. Bank of America boosted their target price on shares of The Goldman Sachs Group from $384.00 to $425.00 in a report on Thursday, March 9th. Finally, StockNews.com started coverage on shares of The Goldman Sachs Group in a report on Thursday. They set a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $399.24.
The Goldman Sachs Group Profile
The Goldman Sachs Group, Inc engages in global investment banking, securities, and investment management, which provides financial services. It operates through the following business segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The Investment Banking segment serves public and private sector clients around the world and provides financial advisory services, helping companies raise capital to strengthen and grow their businesses and provide financing to corporate clients.
- Get a free copy of the StockNews.com research report on The Goldman Sachs Group (GS)
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