Focus Partners Advisor Solutions LLC Has $1.41 Million Holdings in The Goldman Sachs Group, Inc. $GS

Focus Partners Advisor Solutions LLC decreased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 2.0% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,990 shares of the investment management company’s stock after selling 41 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in The Goldman Sachs Group were worth $1,405,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in GS. Brighton Jones LLC boosted its position in shares of The Goldman Sachs Group by 17.1% during the 4th quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock worth $1,989,000 after acquiring an additional 508 shares in the last quarter. Revolve Wealth Partners LLC boosted its position in shares of The Goldman Sachs Group by 7.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock worth $508,000 after acquiring an additional 58 shares in the last quarter. Achmea Investment Management B.V. boosted its position in shares of The Goldman Sachs Group by 71.7% during the 1st quarter. Achmea Investment Management B.V. now owns 8,984 shares of the investment management company’s stock worth $4,907,000 after acquiring an additional 3,751 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in The Goldman Sachs Group by 3.3% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,093 shares of the investment management company’s stock valued at $26,674,000 after purchasing an additional 1,549 shares during the last quarter. Finally, 3Chopt Investment Partners LLC bought a new position in The Goldman Sachs Group in the 1st quarter valued at approximately $331,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Citigroup increased their price objective on shares of The Goldman Sachs Group from $700.00 to $765.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. Barclays lifted their price objective on shares of The Goldman Sachs Group from $720.00 to $850.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. Citizens Jmp reaffirmed a “market perform” rating on shares of The Goldman Sachs Group in a research report on Monday, July 14th. Zacks Research lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 16th. Finally, Daiwa Capital Markets lifted their target price on shares of The Goldman Sachs Group from $756.00 to $810.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $779.50.

The Goldman Sachs Group Stock Up 4.4%

Shares of NYSE GS opened at $784.09 on Monday. The company has a current ratio of 1.11, a quick ratio of 0.67 and a debt-to-equity ratio of 2.23. The Goldman Sachs Group, Inc. has a 12 month low of $439.38 and a 12 month high of $825.25. The firm has a market capitalization of $237.36 billion, a PE ratio of 15.93, a price-to-earnings-growth ratio of 1.43 and a beta of 1.42. The firm has a fifty day simple moving average of $767.57 and a two-hundred day simple moving average of $681.50.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Tuesday, October 14th. The investment management company reported $12.25 EPS for the quarter, topping the consensus estimate of $10.27 by $1.98. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 14.79%. The business had revenue of $11.33 billion during the quarter, compared to analyst estimates of $13.68 billion. During the same period in the prior year, the business earned $8.40 EPS. The company’s revenue for the quarter was up 19.5% on a year-over-year basis. Equities analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd will be issued a $4.00 dividend. The ex-dividend date is Tuesday, December 2nd. This represents a $16.00 annualized dividend and a yield of 2.0%. The Goldman Sachs Group’s dividend payout ratio is 32.50%.

Insider Buying and Selling

In other The Goldman Sachs Group news, COO John E. Waldron sold 9,244 shares of the company’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $750.11, for a total value of $6,934,016.84. Following the completion of the transaction, the chief operating officer directly owned 115,268 shares in the company, valued at approximately $86,463,679.48. This represents a 7.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Company 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.