Liberty Wealth Management LLC Increases Holdings in The Goldman Sachs Group, Inc. $GS

Liberty Wealth Management LLC increased its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 42.8% during the 2nd quarter, Holdings Channel reports. The firm owned 984 shares of the investment management company’s stock after acquiring an additional 295 shares during the quarter. Liberty Wealth Management LLC’s holdings in The Goldman Sachs Group were worth $696,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of GS. Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of The Goldman Sachs Group during the first quarter valued at $25,000. Dogwood Wealth Management LLC grew its holdings in The Goldman Sachs Group by 1,800.0% during the 2nd quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company’s stock worth $26,000 after acquiring an additional 36 shares in the last quarter. American Capital Advisory LLC bought a new position in The Goldman Sachs Group during the 1st quarter worth about $29,000. Cornerstone Planning Group LLC increased its position in The Goldman Sachs Group by 46.9% during the 1st quarter. Cornerstone Planning Group LLC now owns 72 shares of the investment management company’s stock valued at $38,000 after purchasing an additional 23 shares during the period. Finally, Ridgewood Investments LLC raised its holdings in shares of The Goldman Sachs Group by 45.9% in the 2nd quarter. Ridgewood Investments LLC now owns 54 shares of the investment management company’s stock valued at $38,000 after purchasing an additional 17 shares in the last quarter. 71.21% of the stock is owned by institutional investors.

The Goldman Sachs Group Stock Performance

Shares of GS opened at $784.09 on Monday. The Goldman Sachs Group, Inc. has a 12 month low of $439.38 and a 12 month high of $825.25. The stock has a fifty day moving average price of $767.57 and a 200-day moving average price of $681.50. 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 firm has a market cap of $237.36 billion, a PE ratio of 15.93, a P/E/G ratio of 1.43 and a beta of 1.42.

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

The Goldman Sachs Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd will be paid a dividend of $4.00 per share. The ex-dividend date is Tuesday, December 2nd. This represents a $16.00 dividend on an annualized basis and a dividend yield of 2.0%. The Goldman Sachs Group’s payout ratio is presently 32.50%.

Insider Activity

In related news, COO John E. Waldron sold 9,244 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $86,463,679.48. This trade represents a 7.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.55% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. UBS Group increased their price objective on shares of The Goldman Sachs Group from $762.00 to $805.00 and gave the company a “neutral” rating in a research note on Tuesday, October 7th. Evercore ISI increased their target price on The Goldman Sachs Group from $752.00 to $830.00 and gave the company an “outperform” rating in a research report on Tuesday, September 30th. Morgan Stanley reduced their price target on The Goldman Sachs Group from $854.00 to $828.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 15th. Hsbc Global Res cut The Goldman Sachs Group from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, July 8th. Finally, BNP Paribas Exane lifted their target price on The Goldman Sachs Group from $685.00 to $775.00 and gave the company a “neutral” rating in a research note on Friday, October 17th. Three equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, The Goldman Sachs Group has an average rating of “Hold” and a consensus price target of $779.50.

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.