Alpha Cubed Investments LLC Grows Position in The Goldman Sachs Group, Inc. $GS

Alpha Cubed Investments LLC raised its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 35.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 99,128 shares of the investment management company’s stock after acquiring an additional 25,821 shares during the quarter. The Goldman Sachs Group accounts for about 2.7% of Alpha Cubed Investments LLC’s holdings, making the stock its 13th biggest position. Alpha Cubed Investments LLC’s holdings in The Goldman Sachs Group were worth $70,158,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in GS. Brighton Jones LLC increased its holdings in The Goldman Sachs Group by 17.1% in the fourth quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock valued at $1,989,000 after buying an additional 508 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of The Goldman Sachs Group by 7.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock worth $508,000 after acquiring an additional 58 shares during the period. Alps Advisors Inc. increased its stake in The Goldman Sachs Group by 35.7% in the 1st quarter. Alps Advisors Inc. now owns 1,049 shares of the investment management company’s stock valued at $573,000 after purchasing an additional 276 shares in the last quarter. Kathmere Capital Management LLC increased its stake in The Goldman Sachs Group by 4.5% in the 1st quarter. Kathmere Capital Management LLC now owns 1,534 shares of the investment management company’s stock valued at $838,000 after purchasing an additional 66 shares in the last quarter. Finally, New York State Common Retirement Fund raised its holdings in The Goldman Sachs Group by 0.8% during the first quarter. New York State Common Retirement Fund now owns 418,712 shares of the investment management company’s stock worth $228,738,000 after purchasing an additional 3,400 shares during the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, COO John E. Waldron sold 9,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief operating officer owned 106,268 shares of the company’s stock, valued at $79,755,196.68. This represents a 7.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.55% of the stock is owned by company insiders.

The Goldman Sachs Group Stock Down 0.2%

Shares of NYSE GS opened at $786.03 on Monday. The firm has a market cap of $235.75 billion, a P/E ratio of 15.97, a price-to-earnings-growth 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 Goldman Sachs Group, Inc. has a 1 year low of $439.38 and a 1 year high of $825.25. The firm’s 50 day moving average price is $778.04 and its 200 day moving average price is $702.51.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results 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 Goldman Sachs Group had a return on equity of 14.79% and a net margin of 13.18%.The company had revenue of $15.18 billion for the quarter, compared to analyst estimates of $13.68 billion. During the same quarter in the prior year, the company posted $8.40 EPS. The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. As a group, 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 Dividend Announcement

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 paid a $4.00 dividend. This represents a $16.00 dividend on an annualized basis 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 (DPR) is presently 32.50%.

Analysts Set New Price Targets

Several research firms recently commented on GS. BNP Paribas Exane boosted their price objective on shares of The Goldman Sachs Group from $685.00 to $775.00 and gave the stock a “neutral” rating in a research report on Friday, October 17th. Royal Bank Of Canada reaffirmed a “neutral” rating and issued a $843.00 price target on shares of The Goldman Sachs Group in a report on Tuesday, October 14th. Evercore ISI increased their price target on shares of The Goldman Sachs Group from $752.00 to $830.00 and gave the company an “outperform” rating in a research report on Tuesday, September 30th. Keefe, Bruyette & Woods raised their price objective on shares of 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. Finally, Citizens Jmp reaffirmed a “market perform” rating on shares of The Goldman Sachs Group in a research note on Monday, July 14th. Three investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, The Goldman Sachs Group currently has a consensus rating of “Hold” and an average target price of $779.50.

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.