Sax Wealth Advisors LLC Buys 153 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Sax Wealth Advisors LLC raised its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 18.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,001 shares of the investment management company’s stock after acquiring an additional 153 shares during the period. Sax Wealth Advisors LLC’s holdings in The Goldman Sachs Group were worth $495,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Waldron Private Wealth LLC boosted its stake in The Goldman Sachs Group by 0.8% during the second 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 boosted 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 in the last quarter. Fulton Bank N.A. grew its stake in shares of The Goldman Sachs Group by 0.8% in the 2nd quarter. Fulton Bank N.A. now owns 2,727 shares of the investment management company’s stock valued at $1,233,000 after buying an additional 22 shares during the period. Nicholas Hoffman & Company LLC. increased its position in The Goldman Sachs Group by 1.1% in the 2nd quarter. Nicholas Hoffman & Company LLC. now owns 1,975 shares of the investment management company’s stock valued at $893,000 after buying an additional 22 shares in the last quarter. Finally, Smith Chas P & Associates PA Cpas boosted its holdings in The Goldman Sachs Group by 1.8% in the third quarter. Smith Chas P & Associates PA Cpas now owns 1,255 shares of the investment management company’s stock worth $621,000 after acquiring an additional 22 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

Insider Activity

In related news, insider Brian J. Lee sold 2,000 shares of the firm’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 directly owns 10,095 shares of the company’s stock, valued at approximately $5,359,435.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Price Performance

Shares of NYSE GS opened at $528.36 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.20. The stock has a fifty day simple moving average of $498.15 and a two-hundred day simple moving average of $469.05. The Goldman Sachs Group, Inc. has a 1-year low of $289.36 and a 1-year high of $540.51. The firm has a market cap of $170.38 billion, a price-to-earnings ratio of 20.63, a price-to-earnings-growth ratio of 0.77 and a beta of 1.36.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly 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 company had revenue of $12.70 billion during the quarter, compared to the consensus estimate of $11.77 billion. During the same quarter in the prior year, the company earned $5.47 EPS. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. Analysts anticipate that The Goldman Sachs Group, Inc. will post 35.52 earnings per share 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. Stockholders of record on Monday, December 2nd will be paid a $3.00 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $12.00 annualized dividend and a dividend yield of 2.27%. The Goldman Sachs Group’s payout ratio is 46.86%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on GS shares. Wells Fargo & Company upped their target price on The Goldman Sachs Group from $504.00 to $550.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. Bank of America upped their price objective on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a report on Wednesday. Barclays lifted their price objective on shares of The Goldman Sachs Group from $565.00 to $588.00 and gave the company an “overweight” rating in a report on Wednesday. UBS Group raised their price target on shares of The Goldman Sachs Group from $550.00 to $560.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Finally, JMP Securities boosted their price objective on The Goldman Sachs Group from $525.00 to $550.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 9th. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $524.69.

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.