SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co Acquires New Stake in The Goldman Sachs Group, Inc. $GS

SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co acquired a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 3,890 shares of the investment management company’s stock, valued at approximately $3,083,000. The Goldman Sachs Group makes up 2.2% of SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co’s investment portfolio, making the stock its 15th biggest holding.

Other institutional investors have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. acquired a new position in shares of The Goldman Sachs Group in the third quarter valued at approximately $26,000. First PREMIER Bank acquired a new stake in The Goldman Sachs Group during the third quarter worth approximately $28,000. Corundum Trust Company INC purchased a new stake in The Goldman Sachs Group in the 3rd quarter worth approximately $29,000. Elevation Wealth Partners LLC grew its stake in The Goldman Sachs Group by 100.0% in the 3rd quarter. Elevation Wealth Partners LLC now owns 40 shares of the investment management company’s stock worth $32,000 after acquiring an additional 20 shares during the period. Finally, Clearstead Trust LLC acquired a new position in The Goldman Sachs Group in the 2nd quarter valued at $31,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Evercore restated an “outperform” rating on shares of The Goldman Sachs Group in a report on Friday, January 16th. Dbs Bank increased their target price 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. Daiwa Securities Group raised their price target on The Goldman Sachs Group from $927.00 to $940.00 and gave the stock a “neutral” rating in a research note on Thursday, January 29th. Morgan Stanley lowered their price target on The Goldman Sachs Group from $854.00 to $828.00 and set an “equal weight” rating for the company in a report on Wednesday, October 15th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of The Goldman Sachs Group in a report on Monday, December 22nd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and fifteen have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $916.86.

Read Our Latest Report on The Goldman Sachs Group

The Goldman Sachs Group News Summary

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

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, CEO David M. Solomon sold 272 shares of the firm’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $938.92, for a total value of $255,386.24. Following the transaction, the chief executive officer directly owned 125,527 shares of the company’s stock, valued at $117,859,810.84. This trade represents a 0.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Treasurer Carey Halio sold 2,846 shares of the business’s stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $927.17, for a total value of $2,638,725.82. Following the transaction, the treasurer owned 2,017 shares in the company, valued at approximately $1,870,101.89. This represents a 58.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 87,513 shares of company stock worth $83,718,401 in the last quarter. 0.55% of the stock is owned by corporate insiders.

The Goldman Sachs Group Stock Up 4.4%

GS opened at $929.47 on Monday. The Goldman Sachs Group, Inc. has a 1 year low of $439.38 and a 1 year high of $984.70. The firm has a 50 day moving average price of $909.26 and a 200 day moving average price of $817.45. 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 company has a market cap of $278.77 billion, a PE ratio of 18.12, a price-to-earnings-growth ratio of 1.14 and a beta of 1.34.

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

The Goldman Sachs Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 2nd will be given a dividend of $4.50 per share. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $18.00 dividend on an annualized basis and a yield of 1.9%. The Goldman Sachs Group’s dividend payout ratio is currently 35.09%.

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.

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

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