Diversified Trust Co Buys 2,097 Shares of The Goldman Sachs Group, Inc. $GS

Diversified Trust Co grew its stake in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 14.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,326 shares of the investment management company’s stock after purchasing an additional 2,097 shares during the period. Diversified Trust Co’s holdings in The Goldman Sachs Group were worth $13,001,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. bought a new stake in shares of The Goldman Sachs Group during the third quarter worth $26,000. First PREMIER Bank bought a new position in shares of The Goldman Sachs Group in the 3rd quarter valued at $28,000. Dogwood Wealth Management LLC boosted its holdings in shares of The Goldman Sachs Group by 1,800.0% during the 2nd quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company’s stock valued at $26,000 after acquiring an additional 36 shares in the last quarter. Elevation Wealth Partners LLC grew its position in The Goldman Sachs Group by 100.0% during the 3rd quarter. Elevation Wealth Partners LLC now owns 40 shares of the investment management company’s stock worth $32,000 after acquiring an additional 20 shares during the last quarter. Finally, Clearstead Trust LLC acquired a new position in The Goldman Sachs Group in the 2nd quarter worth about $31,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GS has been the topic of a number of recent research reports. Morgan Stanley cut their price target on The Goldman Sachs Group from $854.00 to $828.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 15th. Weiss Ratings reiterated a “hold (c+)” rating on shares of The Goldman Sachs Group in a research report on Monday, December 22nd. Wells Fargo & Company boosted their target price on shares of The Goldman Sachs Group from $785.00 to $855.00 and gave the stock an “overweight” rating in a report on Tuesday, September 16th. HSBC raised their price target on shares of The Goldman Sachs Group from $652.00 to $677.00 in a research note on Thursday, October 2nd. Finally, Rothschild & Co Redburn increased their price objective on The Goldman Sachs Group from $608.00 to $748.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Four research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, The Goldman Sachs Group presently has an average rating of “Hold” and an average target price of $792.67.

View Our Latest Stock Report on GS

The Goldman Sachs Group Trading Down 1.7%

NYSE:GS opened at $891.88 on Tuesday. 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 quick ratio of 0.65 and a current ratio of 0.65. The firm’s fifty day moving average is $826.54 and its 200-day moving average is $767.10. The firm has a market cap of $267.50 billion, a P/E ratio of 18.12, a P/E/G ratio of 1.19 and a beta of 1.36.

The Goldman Sachs Group (NYSE:GSGet Free Report) last released its earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.27 by $1.98. The business had revenue of $15.18 billion for 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 Goldman Sachs Group’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $8.40 earnings per share. Equities analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The firm 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 is Tuesday, December 2nd. This represents a $16.00 annualized dividend and a dividend yield of 1.8%. The Goldman Sachs Group’s dividend payout ratio is presently 32.50%.

The Goldman Sachs Group News Summary

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

The Goldman Sachs Group Company 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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