727 Shares in The Goldman Sachs Group, Inc. $GS Acquired by Abner Herrman & Brock LLC

Abner Herrman & Brock LLC purchased a new stake in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 727 shares of the investment management company’s stock, valued at approximately $579,000.

Several other large investors have also modified their holdings of the company. Brighton Jones LLC boosted its holdings in The Goldman Sachs Group by 17.1% during the fourth quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock worth $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% during the fourth quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock worth $508,000 after buying an additional 58 shares in the last quarter. EntryPoint Capital LLC purchased a new stake in The Goldman Sachs Group in the 1st quarter worth approximately $239,000. Sax Wealth Advisors LLC grew its position in shares of The Goldman Sachs Group by 31.1% in the first quarter. Sax Wealth Advisors LLC now owns 1,332 shares of the investment management company’s stock valued at $728,000 after purchasing an additional 316 shares during the period. Finally, Haverford Trust Co increased its stake in shares of The Goldman Sachs Group by 4.2% during the 1st quarter. Haverford Trust Co now owns 3,446 shares of the investment management company’s stock valued at $1,883,000 after acquiring an additional 140 shares during the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Price Performance

NYSE GS opened at $893.83 on Monday. The company has a 50 day simple moving average of $810.10 and a 200-day simple moving average of $754.97. The firm has a market capitalization of $268.09 billion, a price-to-earnings ratio of 18.16, a price-to-earnings-growth ratio of 1.18 and a beta of 1.36. The Goldman Sachs Group, Inc. has a 52-week low of $439.38 and a 52-week high of $919.10. The company has a debt-to-equity ratio of 2.53, a current ratio of 0.65 and a quick ratio of 0.65.

The Goldman Sachs Group (NYSE:GSGet Free Report) 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 firm had revenue of $15.18 billion for the quarter, compared to the consensus estimate of $13.68 billion. The Goldman Sachs Group had a return on equity of 15.29% and a net margin of 13.18%.The firm’s revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $8.40 earnings per share. Equities research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 2nd will be given a dividend of $4.00 per share. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a $16.00 dividend on an annualized basis and a yield of 1.8%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 32.50%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. UBS Group raised their price objective on The Goldman Sachs Group from $762.00 to $805.00 and gave the stock a “neutral” rating in a report on Tuesday, October 7th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $750.00 price target (up previously from $625.00) on shares of The Goldman Sachs Group in a research report on Tuesday, October 21st. HSBC boosted their price objective on The Goldman Sachs Group from $652.00 to $677.00 in a report on Thursday, October 2nd. Deutsche Bank Aktiengesellschaft increased their target price on shares of The Goldman Sachs Group from $725.00 to $790.00 and gave the stock a “hold” rating in a report on Tuesday, September 30th. Finally, BNP Paribas Exane raised their price target on The Goldman Sachs Group from $685.00 to $775.00 and gave the stock a “neutral” rating in a report on Friday, October 17th. Four analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, The Goldman Sachs Group currently has an average rating of “Hold” and an average target price of $792.67.

Read Our Latest Stock Analysis on GS

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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