The Goldman Sachs Group, Inc. (NYSE:GS) Shares Bought by Transform Wealth LLC

Transform Wealth LLC grew its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 31,065 shares of the investment management company’s stock after purchasing an additional 399 shares during the quarter. The Goldman Sachs Group accounts for 1.0% of Transform Wealth LLC’s portfolio, making the stock its 19th largest position. Transform Wealth LLC’s holdings in The Goldman Sachs Group were worth $15,381,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Sumitomo Life Insurance Co. grew its holdings in shares of The Goldman Sachs Group by 2.4% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 3,643 shares of the investment management company’s stock worth $1,804,000 after acquiring an additional 84 shares during the last quarter. SeaCrest Wealth Management LLC grew its holdings in shares of The Goldman Sachs Group by 3.6% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 1,894 shares of the investment management company’s stock worth $938,000 after acquiring an additional 65 shares during the last quarter. Jamison Private Wealth Management Inc. grew its holdings in shares of The Goldman Sachs Group by 6.9% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 11,164 shares of the investment management company’s stock worth $5,527,000 after acquiring an additional 719 shares during the last quarter. Magnus Financial Group LLC grew its holdings in shares of The Goldman Sachs Group by 8.0% in the 3rd quarter. Magnus Financial Group LLC now owns 3,774 shares of the investment management company’s stock worth $1,868,000 after acquiring an additional 280 shares during the last quarter. Finally, First Pacific Financial grew its holdings in shares of The Goldman Sachs Group by 0.6% in the 3rd quarter. First Pacific Financial now owns 3,167 shares of the investment management company’s stock worth $1,568,000 after acquiring an additional 20 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Up 1.8 %

Shares of NYSE:GS traded up $9.46 on Wednesday, reaching $531.84. The company had a trading volume of 1,217,864 shares, compared to its average volume of 2,214,841. The Goldman Sachs Group, Inc. has a twelve month low of $289.36 and a twelve month high of $540.51. The stock has a 50-day moving average price of $495.39 and a 200 day moving average price of $467.39. The stock has a market capitalization of $171.50 billion, a P/E ratio of 20.79, a P/E/G ratio of 0.77 and a beta of 1.36. 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 (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, topping analysts’ consensus estimates 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 analysts’ expectations of $11.77 billion. During the same quarter in the previous year, the firm earned $5.47 earnings per share. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. On average, equities analysts expect that The Goldman Sachs Group, Inc. will post 35.52 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently disclosed 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. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.26%. The Goldman Sachs Group’s payout ratio is presently 46.86%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on GS shares. Wolfe Research upgraded The Goldman Sachs Group to a “hold” rating in a report on Wednesday, September 18th. Citigroup lifted their price target on The Goldman Sachs Group from $460.00 to $485.00 and gave the company a “neutral” rating in a report on Tuesday, July 16th. Oppenheimer lifted their price target on The Goldman Sachs Group from $577.00 to $614.00 and gave the company an “outperform” rating in a report on Wednesday. BMO Capital Markets lifted their price target on The Goldman Sachs Group from $360.00 to $373.00 and gave the company a “market perform” rating in a report on Wednesday, July 17th. Finally, Wells Fargo & Company lifted their price target on The Goldman Sachs Group from $504.00 to $550.00 and gave the company an “overweight” rating in a report on Tuesday, July 16th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $520.25.

About The Goldman Sachs Group

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.