The Goldman Sachs Group, Inc. $GS Stock Acquired by Venture Visionary Partners LLC

Venture Visionary Partners LLC lifted its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 11.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,720 shares of the investment management company’s stock after purchasing an additional 583 shares during the period. Venture Visionary Partners LLC’s holdings in The Goldman Sachs Group were worth $5,150,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Turim 21 Investimentos Ltda. acquired a new stake in shares of The Goldman Sachs Group during the 1st quarter valued at approximately $25,000. Strive Financial Group LLC grew its holdings in shares of The Goldman Sachs Group by 316.7% in the 2nd quarter. Strive Financial Group LLC now owns 25 shares of the investment management company’s stock worth $25,000 after acquiring an additional 19 shares during the period. BOK Financial Private Wealth Inc. increased its stake in The Goldman Sachs Group by 188.9% in the 2nd quarter. BOK Financial Private Wealth Inc. now owns 26 shares of the investment management company’s stock valued at $26,000 after purchasing an additional 17 shares in the last quarter. Steph & Co. acquired a new position in The Goldman Sachs Group during the first quarter worth $27,000. Finally, Lifetime Wealth Management P.C. acquired a new position in The Goldman Sachs Group during the fourth quarter worth $29,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about The Goldman Sachs Group

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

• Positive Sentiment: Goldman’s recent quarterly results substantially exceeded expectations, with earnings per share of $20.98 and revenue of $20.34 billion, up 39.4% year over year. The firm’s valuation following the selloff is being viewed by some analysts as a potential value opportunity. Goldman Sachs: Selloff Makes Stock a Value Play
• Positive Sentiment: Goldman appointed star banker George Dunlevie to co-lead its technology banking business, a move that could strengthen coverage of the sector and support future advisory and capital-markets revenue. Star Goldman Sachs Banker to Co-Lead Tech Banking
• Neutral Sentiment: Goldman forecasts that artificial-intelligence investment could help drive a 27% increase in S&P 500 profits, potentially supporting market activity and demand for the firm’s trading, investment-banking and asset-management services. Goldman Sachs Forecasts S&P 500 Profit Growth
• Neutral Sentiment: Goldman said its systems were not affected by the EY data breach and that client assets remain safe. However, its wealth-management business was among the affected clients, creating potential reputational and compliance concerns. Goldman Sachs Client Data Exposed in EY Data Breach
• Negative Sentiment: Citi has overtaken Goldman in global IPO underwriting rankings after winning several major listings, raising concerns that Goldman could lose future equity-capital-markets mandates and related fees. Goldman Sachs IPO Underwriting Ranking
• Negative Sentiment: BMO lowered its GS price target to $970 from $972 and retained a market-perform rating. Goldman’s indication that it is not yet ready to raise its 14%–16% through-the-cycle return-on-equity target also limits the near-term bullish case. BMO Cuts Goldman Sachs Price Target
• Negative Sentiment: Analysts have questioned whether Goldman has the necessary earnings-momentum indicators for another upside surprise in its upcoming report, adding caution ahead of earnings.

Analyst Upgrades and Downgrades

Several research firms have weighed in on GS. HSBC upped their target price on The Goldman Sachs Group from $995.00 to $1,007.00 and gave the company a “hold” rating in a report on Monday, September 28th. Oppenheimer lowered shares of The Goldman Sachs Group from a “market perform” rating to an “underperform” rating in a research report on Tuesday, June 30th. Morgan Stanley set a $1,145.00 price objective on shares of The Goldman Sachs Group in a research note on Wednesday, July 15th. Wall Street Zen downgraded shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating in a report on Sunday, September 13th. Finally, Citigroup cut their target price on shares of The Goldman Sachs Group from $1,200.00 to $1,050.00 and set a “neutral” rating for the company in a research report on Wednesday, September 23rd. Ten investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, The Goldman Sachs Group presently has an average rating of “Hold” and an average price target of $1,055.60.

The Goldman Sachs Group Price Performance

Shares of GS traded down $9.82 during trading hours on Wednesday, reaching $887.36. 2,389,072 shares of the company traded hands, compared to its average volume of 2,204,143. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 3.17. The stock has a market capitalization of $258.37 billion, a PE ratio of 13.70, a price-to-earnings-growth ratio of 0.92 and a beta of 1.29. The Goldman Sachs Group, Inc. has a fifty-two week low of $740.01 and a fifty-two week high of $1,153.99. The stock has a fifty day simple moving average of $995.67 and a 200 day simple moving average of $987.40.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Tuesday, July 14th. The investment management company reported $20.98 EPS for the quarter, topping analysts’ consensus estimates of $14.47 by $6.51. The firm had revenue of $20.34 billion during the quarter, compared to analysts’ expectations of $16.22 billion. The Goldman Sachs Group had a return on equity of 19.16% and a net margin of 15.53%.The firm’s quarterly revenue was up 39.4% compared to the same quarter last year. During the same quarter last year, the business posted $10.91 EPS. As a group, research analysts predict that The Goldman Sachs Group, Inc. will post 68.31 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 1st were issued a dividend of $5.00 per share. This represents a $20.00 dividend on an annualized basis and a dividend yield of 2.3%. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $4.50. The ex-dividend date was Tuesday, September 1st. The Goldman Sachs Group’s payout ratio is presently 30.87%.

About The Goldman Sachs Group

The Goldman Sachs Group, Inc is a global financial services company headquartered in New York City. Founded in 1869, the firm provides services to corporations, financial institutions, governments, individuals and other clients through its investment banking, markets, asset management and wealth management businesses.

Goldman Sachs advises clients on mergers and acquisitions, financing and other strategic transactions, and facilitates trading in equities, fixed income, currencies and commodities.