The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by SevenBridge Financial Group LLC

SevenBridge Financial Group LLC trimmed its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 2.5% in the third quarter, Holdings Channel.com reports. The fund owned 2,604 shares of the investment management company’s stock after selling 68 shares during the period. SevenBridge Financial Group LLC’s holdings in The Goldman Sachs Group were worth $984,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Trinity Legacy Partners LLC lifted its position in shares of The Goldman Sachs Group by 32.3% during the 2nd quarter. Trinity Legacy Partners LLC now owns 6,250 shares of the investment management company’s stock valued at $2,350,000 after acquiring an additional 1,527 shares during the period. Tarbox Family Office Inc. lifted its position in shares of The Goldman Sachs Group by 112.6% during the 2nd quarter. Tarbox Family Office Inc. now owns 2,643 shares of the investment management company’s stock valued at $1,003,000 after acquiring an additional 1,400 shares during the period. Kentucky Retirement Systems acquired a new stake in shares of The Goldman Sachs Group during the 2nd quarter valued at approximately $7,519,000. Rehmann Capital Advisory Group lifted its position in shares of The Goldman Sachs Group by 182.7% during the 1st quarter. Rehmann Capital Advisory Group now owns 4,597 shares of the investment management company’s stock valued at $1,507,000 after acquiring an additional 2,971 shares during the period. Finally, Banco de Sabadell S.A acquired a new stake in shares of The Goldman Sachs Group during the 2nd quarter valued at approximately $1,860,000. Institutional investors own 70.64% of the company’s stock.

Shares of NYSE:GS traded down $7.15 during midday trading on Thursday, hitting $399.19. 2,186,259 shares of the company’s stock traded hands, compared to its average volume of 2,755,415. The company has a debt-to-equity ratio of 2.52, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market cap of $133.65 billion, a PE ratio of 6.58, a P/E/G ratio of 0.57 and a beta of 1.53. The firm’s fifty day moving average price is $398.60 and its two-hundred day moving average price is $388.15. The Goldman Sachs Group, Inc. has a twelve month low of $230.36 and a twelve month high of $426.16.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Thursday, October 14th. The investment management company reported $14.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $9.78 by $5.15. The business had revenue of $13.61 billion for the quarter, compared to analyst estimates of $11.61 billion. The Goldman Sachs Group had a net margin of 34.46% and a return on equity of 24.52%. The business’s quarterly revenue was up 26.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $9.68 EPS. As a group, equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 60.13 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 30th. Shareholders of record on Thursday, December 2nd will be issued a $2.00 dividend. The ex-dividend date of this dividend is Wednesday, December 1st. This represents a $8.00 dividend on an annualized basis and a yield of 2.00%. The Goldman Sachs Group’s dividend payout ratio is currently 13.19%.

A number of research analysts have recently weighed in on the stock. Barclays raised their price objective on shares of The Goldman Sachs Group from $437.00 to $483.00 and gave the stock an “overweight” rating in a research note on Monday, October 18th. BMO Capital Markets raised their price objective on shares of The Goldman Sachs Group from $432.00 to $451.00 and gave the stock an “outperform” rating in a research note on Monday, October 18th. Royal Bank of Canada reissued a “sector perform” rating and set a $435.00 price objective (up from $370.00) on shares of The Goldman Sachs Group in a research note on Monday, October 18th. JMP Securities raised their price objective on shares of The Goldman Sachs Group from $440.00 to $450.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 5th. Finally, Piper Sandler lifted their target price on shares of The Goldman Sachs Group from $435.00 to $465.00 and gave the stock an “overweight” rating in a research note on Monday, October 18th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $419.29.

The Goldman Sachs Group Company Profile

Goldman Sachs Group, Inc engages in global investment banking, securities, and investment management, which provides financial services. It operates through the following business segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The Investment Banking segment serves public and private sector clients around the world and provides financial advisory services, help companies raise capital to strengthen and grow their businesses and provide financing to corporate clients.

See Also: Dividend

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

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