SC&H Financial Advisors Inc. Purchases New Position in The Goldman Sachs Group, Inc. (NYSE:GS)

by · The Markets Daily

SC&H Financial Advisors Inc. acquired a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 431 shares of the investment management company’s stock, valued at approximately $213,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Wells Trecaso Financial Group LLC raised its holdings in shares of The Goldman Sachs Group by 0.3% during the 3rd quarter. Wells Trecaso Financial Group LLC now owns 21,456 shares of the investment management company’s stock valued at $10,623,000 after purchasing an additional 61 shares in the last quarter. Traynor Capital Management Inc. increased its position in The Goldman Sachs Group by 92.3% during the third quarter. Traynor Capital Management Inc. now owns 702 shares of the investment management company’s stock worth $347,000 after buying an additional 337 shares during the last quarter. abrdn plc lifted its position in shares of The Goldman Sachs Group by 1.7% in the third quarter. abrdn plc now owns 352,220 shares of the investment management company’s stock worth $174,203,000 after buying an additional 5,835 shares during the last quarter. Hunter Associates Investment Management LLC bought a new stake in shares of The Goldman Sachs Group during the 3rd quarter worth about $218,000. Finally, Strategic Wealth Investment Group LLC increased its holdings in shares of The Goldman Sachs Group by 18.5% during the 3rd quarter. Strategic Wealth Investment Group LLC now owns 20,659 shares of the investment management company’s stock valued at $10,126,000 after acquiring an additional 3,221 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on GS shares. Royal Bank of Canada restated a “sector perform” rating and issued a $500.00 target price on shares of The Goldman Sachs Group in a report on Tuesday, July 30th. Morgan Stanley upped their price objective on shares of The Goldman Sachs Group from $560.00 to $570.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Wolfe Research upgraded shares of The Goldman Sachs Group to a “hold” rating in a report on Wednesday, September 18th. Evercore ISI raised their price target on The Goldman Sachs Group from $520.00 to $575.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Finally, Citigroup increased their price objective on The Goldman Sachs Group from $460.00 to $485.00 and gave the company a “neutral” rating in a research report on Tuesday, July 16th. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $524.69.

Read Our Latest Stock Analysis on GS

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Brian J. Lee sold 2,000 shares of The Goldman Sachs Group stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $530.90, for a total transaction of $1,061,800.00. Following the transaction, the insider now directly owns 10,095 shares in the company, valued at approximately $5,359,435.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Price Performance

GS opened at $521.94 on Tuesday. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.11 and a quick ratio of 0.72. The stock has a market capitalization of $164.83 billion, a P/E ratio of 15.37, a price-to-earnings-growth ratio of 0.75 and a beta of 1.36. The company’s 50 day simple moving average is $500.76 and its 200-day simple moving average is $474.64. The Goldman Sachs Group, Inc. has a one year low of $293.29 and a one year high of $540.51.

The Goldman Sachs Group (NYSE:GS – Get Free Report) last posted its quarterly earnings results on Tuesday, October 15th. The investment management company reported $8.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.89 by $1.51. The business had revenue of $12.70 billion for the quarter, compared to analyst estimates of $11.77 billion. The Goldman Sachs Group had a return on equity of 11.05% and a net margin of 9.89%. The firm’s revenue was up 7.4% on a year-over-year basis. During the same period last year, the company earned $5.47 EPS. Sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 37.14 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 2nd will be issued a $3.00 dividend. The ex-dividend date is Monday, December 2nd. This represents a $12.00 annualized dividend and a yield of 2.30%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 35.21%.

About The Goldman Sachs Group

(Free Report)

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.

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