The Goldman Sachs Group, Inc. (NYSE:GS) Shares Purchased by Childress Capital Advisors LLC

Childress Capital Advisors LLC grew its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 5.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 671 shares of the investment management company’s stock after acquiring an additional 33 shares during the quarter. Childress Capital Advisors LLC’s holdings in The Goldman Sachs Group were worth $332,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. POM Investment Strategies LLC bought a new position in The Goldman Sachs Group in the 2nd quarter worth about $26,000. Semmax Financial Advisors Inc. bought a new position in The Goldman Sachs Group in the 2nd quarter worth approximately $26,000. Headlands Technologies LLC bought a new position in The Goldman Sachs Group in the 2nd quarter worth approximately $27,000. SJS Investment Consulting Inc. increased its position in The Goldman Sachs Group by 103.3% in the 2nd 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 during the period. Finally, Quest Partners LLC raised its stake in The Goldman Sachs Group by 6,300.0% during the 2nd quarter. Quest Partners LLC now owns 64 shares of the investment management company’s stock valued at $29,000 after acquiring an additional 63 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

Wall Street Analyst Weigh In

GS has been the topic of a number of research analyst reports. JMP Securities raised their price target on The Goldman Sachs Group from $525.00 to $550.00 and gave the company a “market outperform” rating in a report on Wednesday, October 9th. UBS Group boosted their price target on shares of The Goldman Sachs Group from $550.00 to $560.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Wolfe Research raised shares of The Goldman Sachs Group to a “hold” rating in a research note on Wednesday, September 18th. Morgan Stanley raised their price objective on shares of The Goldman Sachs Group from $560.00 to $570.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Finally, JPMorgan Chase & Co. boosted their target price on The Goldman Sachs Group from $472.00 to $520.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $524.69.

Insider Activity

In other The Goldman Sachs Group news, insider Brian J. Lee sold 2,000 shares of the firm’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $530.90, for a total transaction of $1,061,800.00. Following the completion of the sale, the insider now directly owns 10,095 shares in the company, valued at approximately $5,359,435.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.57% of the stock is currently owned by corporate insiders.

The Goldman Sachs Group Price Performance

NYSE GS opened at $524.50 on Wednesday. The Goldman Sachs Group, Inc. has a 1 year low of $293.29 and a 1 year high of $540.51. The stock’s 50-day moving average price is $501.30 and its two-hundred day moving average price is $475.59. The company has a market cap of $165.64 billion, a PE ratio of 15.39, a PEG ratio of 0.75 and a beta of 1.36. The company has a current ratio of 1.11, a quick ratio of 0.72 and a debt-to-equity ratio of 2.07.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Tuesday, October 15th. The investment management company reported $8.40 EPS for the quarter, beating the consensus estimate of $6.89 by $1.51. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.05%. The business 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 firm earned $5.47 EPS. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. On average, analysts predict that The Goldman Sachs Group, Inc. will post 37.14 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 2nd will be issued a dividend of $3.00 per share. The ex-dividend date is Monday, December 2nd. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.29%. The Goldman Sachs Group’s dividend payout ratio is 35.21%.

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.