Syverson Strege & Co Buys New Shares in The Goldman Sachs Group, Inc. $GS

Syverson Strege & Co purchased a new position in The Goldman Sachs Group, Inc. (NYSE:GS) in the 2nd quarter, Holdings Channel.com reports. The fund purchased 1,064 shares of the investment management company’s stock, valued at approximately $753,000.

Several other large investors have also recently modified their holdings of GS. Brighton Jones LLC grew its position in The Goldman Sachs Group by 17.1% during the 4th quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock worth $1,989,000 after acquiring an additional 508 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of The Goldman Sachs Group by 7.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock worth $508,000 after purchasing an additional 58 shares during the last quarter. Keybank National Association OH increased its stake in shares of The Goldman Sachs Group by 3.4% in the first quarter. Keybank National Association OH now owns 10,215 shares of the investment management company’s stock worth $5,580,000 after buying an additional 334 shares during the period. Resonant Capital Advisors LLC raised its holdings in The Goldman Sachs Group by 8.0% during the 1st quarter. Resonant Capital Advisors LLC now owns 783 shares of the investment management company’s stock valued at $428,000 after buying an additional 58 shares during the last quarter. Finally, Mutual Advisors LLC boosted its position in The Goldman Sachs Group by 40.5% during the 1st quarter. Mutual Advisors LLC now owns 7,657 shares of the investment management company’s stock valued at $4,172,000 after buying an additional 2,209 shares during the period. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Insider Buying and Selling at The Goldman Sachs Group

In other news, COO John E. Waldron sold 9,244 shares of The Goldman Sachs Group stock in a transaction dated 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 completion of the transaction, the chief operating officer owned 115,268 shares of the company’s stock, valued at $86,463,679.48. The trade was a 7.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.55% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Zacks Research downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 16th. Evercore ISI upped their price target on The Goldman Sachs Group from $752.00 to $830.00 and gave the company an “outperform” rating in a research report on Tuesday, September 30th. Hsbc Global Res lowered The Goldman Sachs Group from a “hold” rating to a “moderate sell” rating in a research report on Tuesday, July 8th. BNP Paribas Exane raised their price target on The Goldman Sachs Group from $685.00 to $775.00 and gave the stock a “neutral” rating in a research note on Friday, October 17th. Finally, Citizens Jmp reissued a “market perform” rating on shares of The Goldman Sachs Group in a research report on Monday, July 14th. Three investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $779.50.

The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock opened at $789.50 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.67 and a debt-to-equity ratio of 2.23. The business has a fifty day simple moving average of $773.85 and a two-hundred day simple moving average of $690.22. The firm has a market capitalization of $239.00 billion, a P/E ratio of 16.04, a P/E/G ratio of 1.43 and a beta of 1.42. The Goldman Sachs Group, Inc. has a 12 month low of $439.38 and a 12 month high of $825.25.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.27 by $1.98. The company had revenue of $11.33 billion during the quarter, compared to analysts’ expectations of $13.68 billion. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 14.79%. The Goldman Sachs Group’s revenue was up 19.5% on a year-over-year basis. During the same period last year, the company posted $8.40 EPS. On average, equities analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

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 paid a $4.00 dividend. This represents a $16.00 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Tuesday, December 2nd. The Goldman Sachs Group’s dividend payout ratio is currently 32.50%.

About The Goldman Sachs Group

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.