Eads & Heald Wealth Management Grows Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Eads & Heald Wealth Management boosted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 5.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 582 shares of the investment management company’s stock after acquiring an additional 30 shares during the quarter. Eads & Heald Wealth Management’s holdings in The Goldman Sachs Group were worth $288,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Waldron Private Wealth LLC increased its holdings in The Goldman Sachs Group by 0.8% in the 2nd quarter. Waldron Private Wealth LLC now owns 2,399 shares of the investment management company’s stock worth $1,085,000 after acquiring an additional 20 shares in the last quarter. First Pacific Financial raised its position in shares of The Goldman Sachs Group by 0.6% during the 3rd quarter. First Pacific Financial now owns 3,167 shares of the investment management company’s stock worth $1,568,000 after purchasing an additional 20 shares during the last quarter. Krane Funds Advisors LLC lifted its stake in The Goldman Sachs Group by 1.7% in the 3rd quarter. Krane Funds Advisors LLC now owns 1,177 shares of the investment management company’s stock valued at $583,000 after buying an additional 20 shares in the last quarter. Tanager Wealth Management LLP boosted its holdings in The Goldman Sachs Group by 3.6% in the 3rd quarter. Tanager Wealth Management LLP now owns 569 shares of the investment management company’s stock worth $282,000 after buying an additional 20 shares during the last quarter. Finally, M3 Advisory Group LLC increased its stake in The Goldman Sachs Group by 3.9% during the 3rd quarter. M3 Advisory Group LLC now owns 564 shares of the investment management company’s stock worth $279,000 after buying an additional 21 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on GS. UBS Group increased their price objective 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. Morgan Stanley increased their price target on The Goldman Sachs Group from $560.00 to $570.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Wolfe Research raised The Goldman Sachs Group to a “hold” rating in a research note on Wednesday, September 18th. JPMorgan Chase & Co. raised their target price on The Goldman Sachs Group from $472.00 to $520.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Finally, Evercore ISI boosted their price target on shares of 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. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, The Goldman Sachs Group has a consensus rating of “Moderate Buy” and an average target price of $524.69.

The Goldman Sachs Group Stock Up 0.3 %

NYSE:GS opened at $519.35 on Friday. The Goldman Sachs Group, Inc. has a 52 week low of $308.00 and a 52 week high of $540.51. The company has a quick ratio of 0.72, a current ratio of 1.11 and a debt-to-equity ratio of 2.07. The stock’s fifty day moving average is $502.45 and its two-hundred day moving average is $477.05. The stock has a market capitalization of $164.01 billion, a price-to-earnings ratio of 15.24, a price-to-earnings-growth ratio of 0.76 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 (EPS) for the quarter, topping the consensus estimate of $6.89 by $1.51. The Goldman Sachs Group had a return on equity of 11.05% and a net margin of 9.89%. The firm had revenue of $12.70 billion for the quarter, compared to analyst estimates of $11.77 billion. During the same quarter in the prior year, the company earned $5.47 EPS. The Goldman Sachs Group’s revenue was up 7.4% on a year-over-year basis. Research analysts anticipate that The Goldman Sachs Group, Inc. will post 37.14 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 2nd will be given a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date is Monday, December 2nd. The Goldman Sachs Group’s dividend payout ratio is currently 35.21%.

Insider Activity

In other The Goldman Sachs Group news, insider Brian J. Lee sold 2,000 shares of the company’s 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 sale, the insider now owns 10,095 shares in the company, valued at $5,359,435.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.54% of the company’s stock.

The Goldman Sachs Group 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.