Magnus Financial Group LLC Purchases 280 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Magnus Financial Group LLC raised its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 8.0% during the third quarter, Holdings Channel.com reports. The fund owned 3,774 shares of the investment management company’s stock after buying an additional 280 shares during the period. Magnus Financial Group LLC’s holdings in The Goldman Sachs Group were worth $1,868,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. POM Investment Strategies LLC bought a new stake in The Goldman Sachs Group during the 2nd quarter valued at approximately $26,000. Semmax Financial Advisors Inc. bought a new stake in shares of The Goldman Sachs Group during the second quarter valued at approximately $26,000. Headlands Technologies LLC purchased a new position in shares of The Goldman Sachs Group in the second quarter worth $27,000. Versant Capital Management Inc boosted its position in shares of The Goldman Sachs Group by 106.3% during the first quarter. Versant Capital Management Inc now owns 66 shares of the investment management company’s stock worth $28,000 after acquiring an additional 34 shares during the last quarter. Finally, SJS Investment Consulting Inc. grew its stake in The Goldman Sachs Group by 103.3% during the second quarter. SJS Investment Consulting Inc. now owns 61 shares of the investment management company’s stock valued at $28,000 after acquiring an additional 31 shares in the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on GS. Citigroup boosted their price target on shares of The Goldman Sachs Group from $460.00 to $485.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 16th. Oppenheimer boosted their target price on The Goldman Sachs Group from $548.00 to $577.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. BMO Capital Markets raised 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. Evercore ISI upped their price objective on The Goldman Sachs Group from $475.00 to $520.00 and gave the stock an “outperform” rating in a report on Tuesday, July 16th. Finally, JPMorgan Chase & Co. raised their target price on shares of The Goldman Sachs Group from $464.00 to $472.00 and gave the company an “overweight” rating in a report on Monday, September 9th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $504.75.

The Goldman Sachs Group Trading Down 0.0 %

NYSE:GS traded down $0.15 during mid-day trading on Tuesday, hitting $522.60. 4,523,741 shares of the stock traded hands, compared to its average volume of 2,219,836. 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, Inc. has a 52 week low of $289.36 and a 52 week high of $540.51. The stock has a market capitalization of $168.52 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 0.77 and a beta of 1.36. The firm’s 50 day moving average is $494.34 and its two-hundred day moving average is $466.65.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Tuesday, October 15th. The investment management company reported $8.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.87 by $0.53. The Goldman Sachs Group had a return on equity of 10.56% and a net margin of 9.36%. The business had revenue of $12.70 billion during the quarter, compared to analyst estimates of $11.77 billion. During the same quarter in the previous year, the business earned $5.47 earnings per share. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, equities research analysts predict that The Goldman Sachs Group, Inc. will post 35.52 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders 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 yield of 2.30%. The Goldman Sachs Group’s payout ratio is 46.86%.

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.