3,402 Shares in The Goldman Sachs Group, Inc. $GS Acquired by Fischer Financial Services Inc.

Fischer Financial Services Inc. acquired a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 3,402 shares of the investment management company’s stock, valued at approximately $2,709,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Winthrop Advisory Group LLC boosted its stake in shares of The Goldman Sachs Group by 3.4% during the second quarter. Winthrop Advisory Group LLC now owns 429 shares of the investment management company’s stock valued at $303,000 after purchasing an additional 14 shares during the period. Avion Wealth lifted its holdings in The Goldman Sachs Group by 31.1% during the 2nd quarter. Avion Wealth now owns 59 shares of the investment management company’s stock valued at $41,000 after buying an additional 14 shares in the last quarter. KPP Advisory Services LLC boosted its position in The Goldman Sachs Group by 2.1% in the 2nd quarter. KPP Advisory Services LLC now owns 668 shares of the investment management company’s stock valued at $473,000 after buying an additional 14 shares during the period. FAS Wealth Partners Inc. grew its stake in The Goldman Sachs Group by 2.2% in the 2nd quarter. FAS Wealth Partners Inc. now owns 653 shares of the investment management company’s stock worth $462,000 after acquiring an additional 14 shares in the last quarter. Finally, Ignite Planners LLC grew its stake in The Goldman Sachs Group by 4.2% in the 3rd quarter. Ignite Planners LLC now owns 351 shares of the investment management company’s stock worth $280,000 after acquiring an additional 14 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Wall Street Analysts Forecast Growth

GS has been the subject of a number of research reports. UBS Group boosted their price target on The Goldman Sachs Group from $762.00 to $805.00 and gave the company a “neutral” rating in a report on Tuesday, October 7th. BMO Capital Markets started coverage on The Goldman Sachs Group in a report on Friday, October 3rd. They issued a “market perform” rating and a $785.00 target price for the company. 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 raised their price target on The Goldman Sachs Group from $652.00 to $677.00 in a research note on Thursday, October 2nd. Finally, BNP Paribas Exane upped their price objective 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. Four equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, The Goldman Sachs Group has an average rating of “Hold” and an average target price of $792.67.

The Goldman Sachs Group Trading Down 0.7%

Shares of NYSE GS opened at $878.28 on Friday. The Goldman Sachs Group, Inc. has a 1-year low of $439.38 and a 1-year high of $919.10. The business has a fifty day moving average price of $834.26 and a 200 day moving average price of $770.53. The stock has a market capitalization of $263.42 billion, a P/E ratio of 17.84, a price-to-earnings-growth ratio of 1.16 and a beta of 1.33. 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:GS) last posted 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 company had revenue of $15.18 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $8.40 earnings per share. Equities research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Tuesday, December 2nd were given a dividend of $4.00 per share. The ex-dividend date of this dividend was 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 is presently 32.50%.

About The Goldman Sachs Group

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.