The Goldman Sachs Group, Inc. $GS Shares Sold by BigSur Wealth Management LLC

BigSur Wealth Management LLC lessened its stake in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 10.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,259 shares of the investment management company’s stock after selling 747 shares during the quarter. The Goldman Sachs Group comprises about 1.2% of BigSur Wealth Management LLC’s holdings, making the stock its 19th largest holding. BigSur Wealth Management LLC’s holdings in The Goldman Sachs Group were worth $4,984,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC raised its holdings in shares of The Goldman Sachs Group by 617,504.5% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 29,058,291 shares of the investment management company’s stock worth $20,566,005,000 after acquiring an additional 29,053,586 shares during the period. Norges Bank acquired a new stake in The Goldman Sachs Group during the second quarter worth about $2,138,031,000. Ninety One UK Ltd purchased a new position in The Goldman Sachs Group during the second quarter worth about $408,780,000. AGF Management Ltd. raised its stake in The Goldman Sachs Group by 2,429.6% during the second quarter. AGF Management Ltd. now owns 485,375 shares of the investment management company’s stock worth $343,524,000 after purchasing an additional 466,187 shares during the period. Finally, Laurel Wealth Advisors LLC boosted its holdings in The Goldman Sachs Group by 100,678.6% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 404,122 shares of the investment management company’s stock valued at $286,017,000 after purchasing an additional 403,721 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Key The Goldman Sachs Group News

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

The Goldman Sachs Group Price Performance

GS stock opened at $899.00 on Tuesday. The business’s fifty day moving average price is $812.31 and its 200 day moving average price is $757.03. The Goldman Sachs Group, Inc. has a 12-month low of $439.38 and a 12-month high of $919.10. 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 company has a market capitalization of $269.64 billion, a PE ratio of 18.26, a P/E/G ratio of 1.18 and a beta of 1.36.

The Goldman Sachs Group (NYSE:GSGet Free Report) last announced its earnings results on Tuesday, October 14th. The investment management company reported $12.25 EPS 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 analysts’ expectations of $13.68 billion. The Goldman Sachs Group had a return on equity of 15.29% and a net margin of 13.18%.The Goldman Sachs Group’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same period last year, the business posted $8.40 EPS. On average, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently disclosed 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 payout ratio is 32.50%.

Wall Street Analyst Weigh In

GS has been the subject of a number of recent analyst reports. Rothschild & Co Redburn raised their price target on shares of The Goldman Sachs Group from $608.00 to $748.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Weiss Ratings reiterated a “hold (c+)” rating on shares of The Goldman Sachs Group in a research report on Monday, December 15th. Citigroup raised their target price on The Goldman Sachs Group from $700.00 to $765.00 and gave the stock a “neutral” rating in a research note on Thursday, October 16th. Deutsche Bank Aktiengesellschaft upped their price target on The Goldman Sachs Group from $725.00 to $790.00 and gave the company a “hold” rating in a research note on Tuesday, September 30th. Finally, Dbs Bank increased their price target on The Goldman Sachs Group from $800.00 to $890.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. 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. According to data from MarketBeat, The Goldman Sachs Group has an average rating of “Hold” and an average price target of $792.67.

View Our Latest Report on GS

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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