Burleson & Company LLC Buys 3,847 Shares of Goldman Sachs Group Inc (GS)

Burleson & Company LLC grew its stake in Goldman Sachs Group Inc (NYSE:GS) by 69.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,377 shares of the investment management company’s stock after purchasing an additional 3,847 shares during the period. Goldman Sachs Group comprises approximately 1.0% of Burleson & Company LLC’s investment portfolio, making the stock its 26th largest holding. Burleson & Company LLC’s holdings in Goldman Sachs Group were worth $1,859,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. Belpointe Asset Management LLC raised its stake in shares of Goldman Sachs Group by 15.1% during the 3rd quarter. Belpointe Asset Management LLC now owns 3,132 shares of the investment management company’s stock worth $702,000 after buying an additional 411 shares during the period. Vanguard Group Inc. raised its stake in shares of Goldman Sachs Group by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 24,669,387 shares of the investment management company’s stock worth $5,531,864,000 after buying an additional 307,849 shares during the period. Morgan Stanley raised its stake in shares of Goldman Sachs Group by 1.7% during the 3rd quarter. Morgan Stanley now owns 3,257,484 shares of the investment management company’s stock worth $730,458,000 after buying an additional 52,899 shares during the period. Legal & General Group Plc raised its stake in shares of Goldman Sachs Group by 2.7% during the 3rd quarter. Legal & General Group Plc now owns 1,628,531 shares of the investment management company’s stock worth $365,221,000 after buying an additional 42,398 shares during the period. Finally, Rehmann Capital Advisory Group raised its stake in shares of Goldman Sachs Group by 14,386.7% during the 3rd quarter. Rehmann Capital Advisory Group now owns 363,472 shares of the investment management company’s stock worth $3,330,391,000 after buying an additional 360,963 shares during the period. Institutional investors and hedge funds own 70.94% of the company’s stock.

Several research analysts have recently weighed in on GS shares. Bank of America reduced their target price on Goldman Sachs Group to $280.00 in a research note on Sunday. Zacks Investment Research raised Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $249.00 target price for the company in a research note on Tuesday, November 13th. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $285.00 target price on shares of Goldman Sachs Group in a research note on Monday, September 10th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Goldman Sachs Group in a research note on Thursday, September 20th. Finally, Morgan Stanley downgraded Goldman Sachs Group from an “overweight” rating to an “equal weight” rating and set a $226.00 target price for the company. in a research note on Wednesday, November 21st. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $273.27.

NYSE GS traded down $2.07 during mid-day trading on Thursday, hitting $182.24. The stock had a trading volume of 21,229 shares, compared to its average volume of 4,166,719. Goldman Sachs Group Inc has a twelve month low of $183.63 and a twelve month high of $275.31. The company has a debt-to-equity ratio of 3.04, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market cap of $68.56 billion, a P/E ratio of 9.26, a P/E/G ratio of 0.60 and a beta of 1.11.

Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Tuesday, October 16th. The investment management company reported $6.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $5.38 by $0.90. Goldman Sachs Group had a return on equity of 14.10% and a net margin of 16.68%. The firm had revenue of $8.65 billion during the quarter, compared to the consensus estimate of $8.43 billion. During the same period in the prior year, the company earned $5.02 EPS. The firm’s revenue was up 3.8% compared to the same quarter last year. As a group, sell-side analysts predict that Goldman Sachs Group Inc will post 25.33 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, November 30th will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend is Thursday, November 29th. Goldman Sachs Group’s dividend payout ratio is currently 16.19%.

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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.

Further Reading: What is Net Asset Value (NAV)?

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Institutional Ownership by Quarter for Goldman Sachs Group (NYSE:GS)

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