Dynamic Advisor Solutions LLC Buys 1,070 Shares of The Goldman Sachs Group, Inc. $GS

Dynamic Advisor Solutions LLC grew its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 27.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,925 shares of the investment management company’s stock after buying an additional 1,070 shares during the period. Dynamic Advisor Solutions LLC’s holdings in The Goldman Sachs Group were worth $3,922,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board increased its holdings in The Goldman Sachs Group by 28.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 524,296 shares of the investment management company’s stock valued at $286,418,000 after acquiring an additional 116,535 shares during the last quarter. Ignite Planners LLC bought a new stake in The Goldman Sachs Group in the second quarter worth $239,000. Bank of New York Mellon Corp raised its stake in The Goldman Sachs Group by 4.9% during the second quarter. Bank of New York Mellon Corp now owns 3,379,900 shares of the investment management company’s stock valued at $2,392,124,000 after purchasing an additional 157,473 shares in the last quarter. Jump Financial LLC bought a new position in The Goldman Sachs Group during the first quarter valued at $9,596,000. Finally, Wells Trecaso Financial Group LLC grew its stake in shares of The Goldman Sachs Group by 0.5% in the 2nd quarter. Wells Trecaso Financial Group LLC now owns 21,534 shares of the investment management company’s stock worth $15,240,000 after buying an additional 108 shares in the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on GS. Evercore ISI lifted their price target on The Goldman Sachs Group from $752.00 to $830.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 30th. HSBC lifted their target price on The Goldman Sachs Group from $652.00 to $677.00 in a report on Thursday, October 2nd. Daiwa Capital Markets boosted their target price on The Goldman Sachs Group from $756.00 to $810.00 and gave the company a “neutral” rating in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods raised 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 report on Wednesday. Finally, Wells Fargo & Company lifted their price objective on shares of The Goldman Sachs Group from $785.00 to $855.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 16th. Four investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of “Hold” and a consensus target price of $792.67.

Read Our Latest Analysis on GS

The Goldman Sachs Group Stock Up 2.0%

Shares of GS opened at $893.83 on Friday. The firm has a fifty day moving average price of $810.10 and a 200-day moving average price of $752.84. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 2.53. The firm has a market capitalization of $268.09 billion, a P/E ratio of 18.16, a P/E/G ratio of 1.16 and a beta of 1.36. The Goldman Sachs Group, Inc. has a 12-month low of $439.38 and a 12-month high of $919.10.

The Goldman Sachs Group (NYSE:GSGet Free Report) last announced its quarterly earnings data on Tuesday, October 14th. The investment management company reported $12.25 earnings per share for the quarter, beating analysts’ consensus estimates of $10.27 by $1.98. The company had revenue of $15.18 billion during the quarter, compared to analyst estimates of $13.68 billion. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 15.29%. The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter last year, the business posted $8.40 EPS. Equities research analysts expect 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. Stockholders of record on Tuesday, December 2nd will be given a $4.00 dividend. This represents a $16.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Tuesday, December 2nd. The Goldman Sachs Group’s dividend payout ratio is presently 32.50%.

The Goldman Sachs Group News Roundup

Here are the key news stories impacting The Goldman Sachs Group this week:

The Goldman Sachs Group Profile

(Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

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Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

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