Moss Adams Wealth Advisors LLC Has $357,000 Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Moss Adams Wealth Advisors LLC lifted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 40.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 722 shares of the investment management company’s stock after acquiring an additional 208 shares during the quarter. Moss Adams Wealth Advisors LLC’s holdings in The Goldman Sachs Group were worth $357,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Park Avenue Securities LLC raised its holdings in shares of The Goldman Sachs Group by 3.0% in the first quarter. Park Avenue Securities LLC now owns 5,358 shares of the investment management company’s stock valued at $2,238,000 after buying an additional 154 shares during the last quarter. RFG Advisory LLC increased its position in The Goldman Sachs Group by 9.5% in the 1st quarter. RFG Advisory LLC now owns 2,401 shares of the investment management company’s stock valued at $1,003,000 after acquiring an additional 208 shares in the last quarter. Congress Asset Management Co. MA raised its stake in shares of The Goldman Sachs Group by 0.7% in the first quarter. Congress Asset Management Co. MA now owns 28,417 shares of the investment management company’s stock worth $11,869,000 after acquiring an additional 193 shares during the last quarter. &PARTNERS raised its stake in shares of The Goldman Sachs Group by 33.0% in the first quarter. &PARTNERS now owns 919 shares of the investment management company’s stock worth $384,000 after acquiring an additional 228 shares during the last quarter. Finally, Douglas Lane & Associates LLC lifted its position in shares of The Goldman Sachs Group by 26.1% during the first quarter. Douglas Lane & Associates LLC now owns 1,086 shares of the investment management company’s stock worth $454,000 after purchasing an additional 225 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors.

The Goldman Sachs Group Trading Down 0.1 %

Shares of NYSE GS opened at $528.36 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.20. The Goldman Sachs Group, Inc. has a twelve month low of $289.36 and a twelve month high of $540.51. The company’s fifty day moving average is $498.15 and its 200-day moving average is $469.05. The stock has a market cap of $170.38 billion, a price-to-earnings ratio of 20.63, a P/E/G ratio of 0.77 and a beta of 1.36.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Tuesday, October 15th. The investment management company reported $8.40 earnings per share for the quarter, topping the consensus estimate of $6.89 by $1.51. The Goldman Sachs Group had a return on equity of 10.56% and a net margin of 9.36%. The firm had revenue of $12.70 billion for the quarter, compared to analyst estimates of $11.77 billion. During the same period in the previous year, the company posted $5.47 earnings per share. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. Equities research analysts predict that The Goldman Sachs Group, Inc. will post 35.52 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 2nd will be paid a dividend of $3.00 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $12.00 dividend on an annualized basis and a yield of 2.27%. The Goldman Sachs Group’s payout ratio is 46.86%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on GS shares. Bank of America raised their price target on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a report on Wednesday. Wolfe Research raised The Goldman Sachs Group to a “hold” rating in a research note on Wednesday, September 18th. UBS Group upped their price target on The Goldman Sachs Group from $550.00 to $560.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Keefe, Bruyette & Woods lifted their price objective on The Goldman Sachs Group from $555.00 to $570.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Seaport Res Ptn downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 2nd. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $524.69.

Insiders Place Their Bets

In other news, insider Brian J. Lee sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $530.90, for a total value of $1,061,800.00. Following the completion of the transaction, the insider now owns 10,095 shares in the company, valued at $5,359,435.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.54% 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.