The Goldman Sachs Group, Inc. $GS Shares Bought by Americana Partners LLC

Americana Partners LLC grew its holdings in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 12.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,703 shares of the investment management company’s stock after acquiring an additional 2,015 shares during the period. Americana Partners LLC’s holdings in The Goldman Sachs Group were worth $14,098,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Dogwood Wealth Management LLC grew its stake in shares of The Goldman Sachs Group by 1,800.0% in the second quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company’s stock valued at $26,000 after buying an additional 36 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new position in The Goldman Sachs Group in the 3rd quarter worth approximately $26,000. First PREMIER Bank acquired a new stake in The Goldman Sachs Group in the third quarter valued at approximately $28,000. Corundum Trust Company INC purchased a new stake in shares of The Goldman Sachs Group during the third quarter valued at approximately $29,000. Finally, Clearstead Trust LLC purchased a new stake in shares of The Goldman Sachs Group during the second quarter valued at approximately $31,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on GS. Daiwa Capital Markets upped their target price on shares of The Goldman Sachs Group from $823.00 to $927.00 and gave the company a “neutral” rating in a research note on Tuesday, January 6th. Jefferies Financial Group boosted their price objective on shares of The Goldman Sachs Group from $898.00 to $1,087.00 and gave the stock a “buy” rating in a report on Tuesday, January 6th. Dbs Bank upped their price objective on shares of The Goldman Sachs Group from $800.00 to $890.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. Barclays lifted their target price on The Goldman Sachs Group from $850.00 to $1,048.00 and gave the stock an “overweight” rating in a research report on Monday, January 5th. Finally, Bank of America boosted their price target on The Goldman Sachs Group from $1,050.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Friday. Eight analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $891.57.

Get Our Latest Research Report on GS

The Goldman Sachs Group Trading Down 1.5%

NYSE GS opened at $961.54 on Tuesday. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.65 and a current ratio of 1.13. The Goldman Sachs Group, Inc. has a one year low of $439.38 and a one year high of $984.70. The company has a 50-day simple moving average of $871.86 and a 200-day simple moving average of $795.26. The firm has a market capitalization of $288.39 billion, a PE ratio of 18.75, a price-to-earnings-growth ratio of 1.01 and a beta of 1.33.

The Goldman Sachs Group (NYSE:GSGet Free Report) last issued its earnings results on Thursday, January 15th. The investment management company reported $14.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $11.52 by $2.49. The Goldman Sachs Group had a net margin of 13.73% and a return on equity of 15.19%. The firm had revenue of $13.45 billion for the quarter, compared to analysts’ expectations of $14.30 billion. During the same quarter last year, the company posted $11.95 earnings per share. The Goldman Sachs Group’s revenue was down 3.0% on a year-over-year basis. On average, equities analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 2nd will be paid a dividend of $4.50 per share. This represents a $18.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Monday, March 2nd. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 31.20%.

The Goldman Sachs Group News Summary

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

About The Goldman Sachs Group

(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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