The Goldman Sachs Group, Inc. $GS Shares Purchased by Braun Stacey Associates Inc.

Braun Stacey Associates Inc. raised its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 59.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,162 shares of the investment management company’s stock after acquiring an additional 11,654 shares during the period. Braun Stacey Associates Inc.’s holdings in The Goldman Sachs Group were worth $24,816,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Kingstone Capital Partners Texas LLC boosted its position in 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 valued at $20,566,005,000 after purchasing an additional 29,053,586 shares during the period. Norges Bank acquired a new stake in The Goldman Sachs Group in the second quarter worth $2,138,031,000. Ninety One UK Ltd bought a new stake in The Goldman Sachs Group in the second quarter valued at $408,780,000. AGF Management Ltd. lifted its stake in The Goldman Sachs Group by 2,429.6% in the second quarter. AGF Management Ltd. now owns 485,375 shares of the investment management company’s stock valued at $343,524,000 after buying an additional 466,187 shares during the last quarter. Finally, Laurel Wealth Advisors LLC boosted its holdings in shares of The Goldman Sachs Group by 100,678.6% during the second quarter. Laurel Wealth Advisors LLC now owns 404,122 shares of the investment management company’s stock valued at $286,017,000 after acquiring an additional 403,721 shares during the period. 71.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Royal Bank Of Canada lifted their price objective on shares of The Goldman Sachs Group from $843.00 to $900.00 and gave the company a “sector perform” rating in a research report on Friday, December 12th. Rothschild & Co Redburn lifted their price target 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. Dbs Bank increased their price objective 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. Daiwa Capital Markets raised 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. Finally, Wells Fargo & Company boosted their price target on The Goldman Sachs Group from $785.00 to $855.00 and gave the stock an “overweight” rating in a research report 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 stock. According to MarketBeat.com, The Goldman Sachs Group currently has an average rating of “Hold” and a consensus price target of $792.67.

The Goldman Sachs Group Stock Performance

Shares of GS opened at $878.28 on Friday. The firm has a market cap of $263.42 billion, a P/E ratio of 17.84, a PEG ratio of 1.16 and a beta of 1.33. The Goldman Sachs Group, Inc. has a twelve month low of $439.38 and a twelve month 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 50 day moving average price is $834.26 and its two-hundred day moving average price is $770.53.

The Goldman Sachs Group (NYSE:GS) last released its earnings results 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 business had revenue of $15.18 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the firm earned $8.40 earnings per share. On average, analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd were given a dividend of $4.00 per share. The ex-dividend date was Tuesday, December 2nd. This represents a $16.00 annualized dividend and a yield of 1.8%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 32.50%.

The Goldman Sachs Group Profile

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.