First Pacific Financial Purchases 20 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

First Pacific Financial grew its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 0.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,167 shares of the investment management company’s stock after buying an additional 20 shares during the quarter. The Goldman Sachs Group accounts for approximately 0.4% of First Pacific Financial’s portfolio, making the stock its 29th largest holding. First Pacific Financial’s holdings in The Goldman Sachs Group were worth $1,568,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of GS. International Assets Investment Management LLC purchased a new stake in shares of The Goldman Sachs Group during the first quarter worth about $1,903,374,000. AMF Tjanstepension AB boosted its holdings in shares of The Goldman Sachs Group by 1,102.4% during the second quarter. AMF Tjanstepension AB now owns 810,836 shares of the investment management company’s stock worth $366,780,000 after purchasing an additional 743,402 shares during the period. 1832 Asset Management L.P. boosted its holdings in shares of The Goldman Sachs Group by 7,932.6% during the second quarter. 1832 Asset Management L.P. now owns 444,285 shares of the investment management company’s stock worth $200,959,000 after purchasing an additional 438,754 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of The Goldman Sachs Group by 878.8% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 397,082 shares of the investment management company’s stock worth $179,608,000 after purchasing an additional 356,512 shares during the period. Finally, Swedbank AB purchased a new stake in shares of The Goldman Sachs Group during the first quarter worth about $137,134,000. 71.21% of the stock is owned by institutional investors.

The Goldman Sachs Group Stock Down 0.0 %

Shares of GS traded down $0.15 on Tuesday, hitting $522.60. 4,523,741 shares of the stock traded hands, compared to its average volume of 2,219,836. The company has a market capitalization of $168.52 billion, a PE ratio of 20.49, a P/E/G ratio of 0.77 and a beta of 1.36. The company has a debt-to-equity ratio of 2.20, a quick ratio of 0.72 and a current ratio of 0.72. The business has a 50 day simple moving average of $494.34 and a 200 day simple moving average of $466.65. The Goldman Sachs Group, Inc. has a one year low of $289.36 and a one year high of $540.51.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Tuesday, October 15th. The investment management company reported $8.40 earnings per share for the quarter, beating the consensus estimate of $7.87 by $0.53. The company had revenue of $12.70 billion during the quarter, compared to the consensus estimate of $11.77 billion. The Goldman Sachs Group had a net margin of 9.36% and a return on equity of 10.56%. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm earned $5.47 earnings per share. As a group, equities analysts forecast that The Goldman Sachs Group, Inc. will post 35.52 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 2nd will be given a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 2.30%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 46.86%.

Wall Street Analysts Forecast Growth

GS has been the subject of a number of analyst reports. UBS Group increased their target price on shares of The Goldman Sachs Group from $550.00 to $560.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Oppenheimer raised their price objective on shares of The Goldman Sachs Group from $548.00 to $577.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Evercore ISI raised their price objective on shares of The Goldman Sachs Group from $475.00 to $520.00 and gave the stock an “outperform” rating in a report on Tuesday, July 16th. Wolfe Research upgraded shares of The Goldman Sachs Group to a “hold” rating in a report on Wednesday, September 18th. Finally, BMO Capital Markets raised their price objective on shares of The Goldman Sachs Group from $360.00 to $373.00 and gave the stock a “market perform” rating in a report on Wednesday, July 17th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $504.75.

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.