The Goldman Sachs Group, Inc. $GS is Childress Capital Advisors LLC’s 2nd Largest Position

Childress Capital Advisors LLC lifted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 6,208.6% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 52,046 shares of the investment management company’s stock after acquiring an additional 51,221 shares during the period. The Goldman Sachs Group makes up approximately 7.6% of Childress Capital Advisors LLC’s investment portfolio, making the stock its 2nd largest holding. Childress Capital Advisors LLC’s holdings in The Goldman Sachs Group were worth $41,447,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Ignite Planners LLC purchased a new stake in shares of The Goldman Sachs Group during the second quarter worth approximately $239,000. Bank of New York Mellon Corp boosted its stake in The Goldman Sachs Group by 4.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,379,900 shares of the investment management company’s stock worth $2,392,124,000 after purchasing an additional 157,473 shares during the last quarter. Wells Trecaso Financial Group LLC boosted its stake in The Goldman Sachs Group by 0.5% during the 2nd quarter. Wells Trecaso Financial Group LLC now owns 21,534 shares of the investment management company’s stock worth $15,240,000 after purchasing an additional 108 shares during the last quarter. Baron Silver Stevens Financial Advisors LLC purchased a new stake in shares of The Goldman Sachs Group during the second quarter worth $288,000. Finally, Venture Visionary Partners LLC raised its position in shares of The Goldman Sachs Group by 23.4% in the second quarter. Venture Visionary Partners LLC now owns 4,536 shares of the investment management company’s stock valued at $3,211,000 after buying an additional 861 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock opened at $955.05 on Wednesday. The firm has a market cap of $286.45 billion, a PE ratio of 19.40, a price-to-earnings-growth ratio of 1.11 and a beta of 1.33. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 2.53. The Goldman Sachs Group, Inc. has a 52 week low of $439.38 and a 52 week high of $961.69. The business’s fifty day simple moving average is $843.27 and its 200-day simple moving average is $778.94.

The Goldman Sachs Group (NYSE:GSGet Free Report) last announced its earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share for the quarter, topping the consensus estimate of $10.27 by $1.98. The company had revenue of $15.18 billion during 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 was up 19.5% compared to the same quarter last year. During the same quarter last year, the firm posted $8.40 earnings per share. Equities analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Tuesday, December 2nd were issued a $4.00 dividend. This represents a $16.00 annualized dividend and a yield of 1.7%. The ex-dividend date was Tuesday, December 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is 32.50%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on GS shares. Citigroup boosted their price target on shares of The Goldman Sachs Group from $700.00 to $765.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. Morgan Stanley decreased their target price on shares of 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. Evercore ISI boosted their target price on The Goldman Sachs Group from $752.00 to $830.00 and gave the stock an “outperform” rating in a report on Tuesday, September 30th. Zacks Research lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 16th. Finally, Dbs Bank lifted their price objective on The Goldman Sachs Group from $800.00 to $890.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Five investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, The Goldman Sachs Group has a consensus rating of “Hold” and an average price target of $852.28.

Check Out Our Latest Analysis on GS

Key The Goldman Sachs Group News

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.

Further Reading

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Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

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