Quadrant Private Wealth Management LLC raised its stake in Goldman Sachs Group Inc (NYSE:GS) by 26.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,268 shares of the investment management company’s stock after acquiring an additional 267 shares during the period. Quadrant Private Wealth Management LLC’s holdings in Goldman Sachs Group were worth $284,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in GS. Palo Capital Inc. acquired a new position in shares of Goldman Sachs Group during the 3rd quarter worth $109,000. Zions Bancorporation acquired a new position in shares of Goldman Sachs Group during the 2nd quarter worth $109,000. First Mercantile Trust Co. acquired a new position in shares of Goldman Sachs Group during the 2nd quarter worth $110,000. Asset Advisors Investment Management LLC acquired a new position in shares of Goldman Sachs Group during the 3rd quarter worth $115,000. Finally, Investment Partners LTD. acquired a new position in shares of Goldman Sachs Group during the 3rd quarter worth $224,000. 71.32% of the stock is owned by hedge funds and other institutional investors.
GS has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reissued a “buy” rating and set a $280.00 price target on shares of Goldman Sachs Group in a report on Tuesday, July 17th. Wells Fargo & Co reissued a “buy” rating on shares of Goldman Sachs Group in a report on Thursday, September 20th. Zacks Investment Research raised Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $259.00 price target for the company in a report on Friday, July 20th. Societe Generale raised Goldman Sachs Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 18th. Finally, Keefe, Bruyette & Woods lowered their price target on Goldman Sachs Group from $260.00 to $255.00 and set a “hold” rating for the company in a report on Wednesday, July 18th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the stock. Goldman Sachs Group presently has an average rating of “Hold” and a consensus price target of $281.84.
Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Tuesday, October 16th. The investment management company reported $6.28 earnings per share for the quarter, topping analysts’ consensus estimates of $5.38 by $0.90. The business had revenue of $8.65 billion for the quarter, compared to analyst estimates of $8.43 billion. Goldman Sachs Group had a return on equity of 14.10% and a net margin of 16.68%. Goldman Sachs Group’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.02 EPS. Equities research analysts expect that Goldman Sachs Group Inc will post 25.32 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, November 30th will be given a $0.80 dividend. The ex-dividend date is Thursday, November 29th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.38%. Goldman Sachs Group’s dividend payout ratio (DPR) is presently 16.19%.
About Goldman Sachs Group
The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.
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