Soundwatch Capital LLC Purchases Shares of 1,250 The Goldman Sachs Group, Inc. $GS

Soundwatch Capital LLC purchased a new stake in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,250 shares of the investment management company’s stock, valued at approximately $995,000. The Goldman Sachs Group accounts for about 0.2% of Soundwatch Capital LLC’s investment portfolio, making the stock its 14th biggest holding.

Several other large investors have also modified their holdings of GS. Fisher Asset Management LLC grew its position in shares of The Goldman Sachs Group by 3.6% in the second quarter. Fisher Asset Management LLC now owns 6,539,746 shares of the investment management company’s stock valued at $4,628,507,000 after purchasing an additional 227,604 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in The Goldman Sachs Group by 4.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,379,900 shares of the investment management company’s stock valued at $2,392,124,000 after buying an additional 157,473 shares during the last quarter. Norges Bank acquired a new stake in The Goldman Sachs Group in the 2nd quarter valued at approximately $2,138,031,000. Ameriprise Financial Inc. increased its position in The Goldman Sachs Group by 18.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,895,752 shares of the investment management company’s stock worth $1,345,924,000 after buying an additional 291,280 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in shares of The Goldman Sachs Group by 2.8% during the second quarter. Franklin Resources Inc. now owns 1,815,660 shares of the investment management company’s stock worth $1,285,032,000 after buying an additional 48,835 shares during the last quarter. 71.21% of the stock is owned by institutional investors.

Insider Activity at The Goldman Sachs Group

In related news, CAO Sheara J. Fredman sold 4,863 shares of the firm’s stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $923.75, for a total transaction of $4,492,196.25. Following the completion of the sale, the chief accounting officer directly owned 10,301 shares of the company’s stock, valued at $9,515,548.75. This trade represents a 32.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Kathryn H. Ruemmler sold 9,589 shares of the business’s stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $927.51, for a total value of $8,893,893.39. Following the completion of the transaction, the insider directly owned 18,533 shares in the company, valued at approximately $17,189,542.83. This represents a 34.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 87,513 shares of company stock valued at $83,718,401. Insiders own 0.55% of the company’s stock.

Key Headlines Impacting The Goldman Sachs Group

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

The Goldman Sachs Group Price Performance

Shares of GS stock opened at $929.47 on Friday. The stock’s fifty day simple moving average is $909.26 and its 200 day simple moving average is $815.94. The Goldman Sachs Group, Inc. has a one year low of $439.38 and a one year high of $984.70. The firm has a market cap of $278.78 billion, a price-to-earnings ratio of 18.12, a P/E/G ratio of 1.09 and a beta of 1.34. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.13 and a quick ratio of 0.65.

The Goldman Sachs Group (NYSE:GSGet Free Report) last issued its quarterly earnings data on Thursday, January 15th. The investment management company reported $13.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $11.52 by $2.03. The Goldman Sachs Group had a return on equity of 15.19% and a net margin of 13.73%.The company had revenue of $15.71 billion during the quarter, compared to analysts’ expectations of $14.30 billion. During the same period last year, the business earned $11.95 earnings per share. The business’s revenue was down 3.0% on a year-over-year basis. On average, analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 2nd will be paid a dividend of $4.50 per share. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $4.00. This represents a $18.00 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Monday, March 2nd. The Goldman Sachs Group’s payout ratio is currently 31.20%.

Wall Street Analysts Forecast Growth

GS has been the topic of a number of research reports. Jefferies Financial Group boosted their target price on shares of The Goldman Sachs Group from $898.00 to $1,087.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Morgan Stanley dropped their price objective on shares of The Goldman Sachs Group from $854.00 to $828.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 15th. Bank of America increased their target price on shares of The Goldman Sachs Group from $1,050.00 to $1,100.00 and gave the company a “buy” rating in a research note on Friday, January 16th. Citigroup lifted their target price on 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. Finally, HSBC set a $604.00 price target on The Goldman Sachs Group in a report on Wednesday, January 7th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and fifteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $907.43.

Read Our Latest Stock Report on The Goldman Sachs Group

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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