Ranch Capital Advisors Inc. Purchases 104 Shares of The Goldman Sachs Group, Inc. $GS

Ranch Capital Advisors Inc. raised its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 9.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,155 shares of the investment management company’s stock after purchasing an additional 104 shares during the quarter. Ranch Capital Advisors Inc.’s holdings in The Goldman Sachs Group were worth $817,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Dogwood Wealth Management LLC lifted its position in shares of The Goldman Sachs Group by 1,800.0% during the 2nd 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. Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of The Goldman Sachs Group during the 1st quarter valued at about $25,000. American Capital Advisory LLC purchased a new position in shares of The Goldman Sachs Group during the 1st quarter valued at about $29,000. Ridgewood Investments LLC lifted its position in shares of The Goldman Sachs Group by 45.9% during the 2nd quarter. Ridgewood Investments LLC now owns 54 shares of the investment management company’s stock valued at $38,000 after buying an additional 17 shares in the last quarter. Finally, Avion Wealth lifted its position in shares of The Goldman Sachs Group by 31.1% during the 2nd quarter. Avion Wealth now owns 59 shares of the investment management company’s stock valued at $41,000 after buying an additional 14 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Royal Bank Of Canada reaffirmed a “neutral” rating and set a $843.00 price objective on shares of The Goldman Sachs Group in a research report on Tuesday, October 14th. UBS Group boosted their price target on The Goldman Sachs Group from $762.00 to $805.00 and gave the stock a “neutral” rating in a report on Tuesday, October 7th. Zacks Research cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 16th. Daiwa Capital Markets boosted their price target on The Goldman Sachs Group from $756.00 to $810.00 and gave the stock a “neutral” rating in a report on Wednesday, October 8th. Finally, BMO Capital Markets assumed coverage on The Goldman Sachs Group in a report on Friday, October 3rd. They issued a “market perform” rating and a $785.00 price target on the stock. Three research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, The Goldman Sachs Group currently has an average rating of “Hold” and a consensus price target of $779.50.

The Goldman Sachs Group Stock Performance

NYSE GS opened at $784.09 on Friday. The company has a market cap of $237.36 billion, a P/E ratio of 15.93, a P/E/G ratio of 1.37 and a beta of 1.42. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.67 and a current ratio of 1.11. The business’s 50 day moving average price is $767.57 and its 200-day moving average price is $678.85. The Goldman Sachs Group, Inc. has a fifty-two week low of $439.38 and a fifty-two week high of $825.25.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share for the quarter, beating the consensus estimate of $10.27 by $1.98. The firm had revenue of $11.33 billion for the quarter, compared to the consensus estimate of $13.68 billion. The Goldman Sachs Group had a return on equity of 14.79% and a net margin of 13.18%.The company’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $8.40 EPS. Sell-side analysts predict 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 will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd will be given a dividend of $4.00 per share. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a $16.00 annualized dividend and a dividend yield of 2.0%. The Goldman Sachs Group’s payout ratio is currently 32.50%.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, COO John E. Waldron sold 9,244 shares of the company’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $750.11, for a total value of $6,934,016.84. Following the transaction, the chief operating officer owned 115,268 shares of the company’s stock, valued at $86,463,679.48. This represents a 7.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.