Congress Park Capital LLC Increases Stock Position in The Goldman Sachs Group, Inc. $GS

Congress Park Capital LLC increased its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 49.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,504 shares of the investment management company’s stock after acquiring an additional 824 shares during the quarter. Congress Park Capital LLC’s holdings in The Goldman Sachs Group were worth $1,994,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Montecito Bank & Trust acquired a new position in The Goldman Sachs Group in the third quarter valued at $2,253,000. McLean Asset Management Corp increased its position in The Goldman Sachs Group by 2.2% in the 3rd quarter. McLean Asset Management Corp now owns 831 shares of the investment management company’s stock valued at $662,000 after acquiring an additional 18 shares during the period. Heritage Family Offices LLP purchased a new stake in The Goldman Sachs Group during the 3rd quarter valued at approximately $271,000. Acropolis Investment Management LLC lifted its position in The Goldman Sachs Group by 77.4% during the 3rd quarter. Acropolis Investment Management LLC now owns 619 shares of the investment management company’s stock worth $493,000 after acquiring an additional 270 shares during the period. Finally, Lbmc Investment Advisors LLC purchased a new position in shares of The Goldman Sachs Group in the 3rd quarter valued at approximately $697,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on GS shares. Keefe, Bruyette & Woods upped their price target on The Goldman Sachs Group from $870.00 to $971.00 and gave the stock a “market perform” rating in a research note on Wednesday. Rothschild & Co Redburn upped their price objective on shares of The Goldman Sachs Group from $608.00 to $748.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. BNP Paribas Exane raised their target price on shares of The Goldman Sachs Group from $685.00 to $775.00 and gave the stock a “neutral” rating in a research note on Friday, October 17th. Wells Fargo & Company lifted their target price 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. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of The Goldman Sachs Group in a report on Monday. 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 company. Based on data from MarketBeat, The Goldman Sachs Group currently has a consensus rating of “Hold” and an average price target of $792.67.

The Goldman Sachs Group Stock Performance

NYSE:GS opened at $871.97 on Thursday. The firm’s fifty day simple moving average is $805.59 and its 200-day simple moving average is $749.91. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 2.53. The stock has a market cap of $261.53 billion, a PE ratio of 17.71, a price-to-earnings-growth ratio of 1.16 and a beta of 1.36. The Goldman Sachs Group, Inc. has a fifty-two week low of $439.38 and a fifty-two week high of $919.10.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Tuesday, October 14th. The investment management company reported $12.25 EPS for the quarter, topping analysts’ consensus estimates of $10.27 by $1.98. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 15.29%. The firm had revenue of $15.18 billion for the quarter, compared to the consensus estimate of $13.68 billion. During the same quarter in the previous year, the firm earned $8.40 earnings per share. The firm’s revenue was up 19.5% on a year-over-year basis. Analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared 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. The ex-dividend date is Tuesday, December 2nd. This represents a $16.00 dividend on an annualized basis and a dividend yield of 1.8%. The Goldman Sachs Group’s dividend payout ratio is currently 32.50%.

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.