Forvis Mazars Wealth Advisors LLC Purchases 379 Shares of The Goldman Sachs Group, Inc. $GS

Forvis Mazars Wealth Advisors LLC grew its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 14.2% in the second quarter, Holdings Channel reports. The fund owned 3,053 shares of the investment management company’s stock after acquiring an additional 379 shares during the quarter. Forvis Mazars Wealth Advisors LLC’s holdings in The Goldman Sachs Group were worth $2,161,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Clal Insurance Enterprises Holdings Ltd bought a new position in shares of The Goldman Sachs Group in the 1st quarter valued at $25,000. Dogwood Wealth Management LLC raised its position 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 purchasing an additional 36 shares during the last quarter. American Capital Advisory LLC bought a new position in The Goldman Sachs Group during the 1st quarter worth $29,000. Cornerstone Planning Group LLC raised 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 worth $38,000 after purchasing an additional 23 shares during the last quarter. Finally, Ridgewood Investments LLC raised its position in The Goldman Sachs Group by 45.9% during the 2nd quarter. Ridgewood Investments LLC now owns 54 shares of the investment management company’s stock worth $38,000 after purchasing an additional 17 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors.

The Goldman Sachs Group Stock Performance

GS stock opened at $750.71 on Monday. The stock has a 50-day moving average price of $765.25 and a 200-day moving average price of $671.52. The Goldman Sachs Group, Inc. has a 1-year low of $439.38 and a 1-year high of $825.25. 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 $227.25 billion, a PE ratio of 15.25, a price-to-earnings-growth ratio of 1.39 and a beta of 1.42.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $13.68 billion. During the same period last year, the company posted $8.40 EPS. The business’s quarterly revenue was up 19.5% on a year-over-year basis. As a group, equities research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd will be paid a $4.00 dividend. The ex-dividend date is Tuesday, December 2nd. This represents a $16.00 annualized dividend and a dividend yield of 2.1%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 32.50%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Royal Bank Of Canada reaffirmed a “neutral” rating and set a $843.00 target price on shares of The Goldman Sachs Group in a research report on Tuesday, October 14th. Evercore ISI raised their target price on The Goldman Sachs Group from $752.00 to $830.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 30th. Wall Street Zen raised The Goldman Sachs Group from a “sell” rating to a “hold” rating in a research report on Saturday, July 12th. Citigroup raised their target price on The Goldman Sachs Group from $700.00 to $765.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, BMO Capital Markets assumed coverage on The Goldman Sachs Group in a research report on Friday, October 3rd. They set a “market perform” rating and a $785.00 target price for the company. Four analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $771.00.

Insider Transactions at The Goldman Sachs Group

In other news, EVP John F.W. Rogers sold 6,008 shares of the firm’s stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $717.39, for a total value of $4,310,079.12. Following the completion of the sale, the executive vice president directly owned 65,761 shares in the company, valued at $47,176,283.79. This trade represents a 8.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Denis P. Coleman sold 7,463 shares of the firm’s stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $724.40, for a total value of $5,406,197.20. Following the completion of the sale, the chief financial officer owned 18,594 shares of the company’s stock, valued at approximately $13,469,493.60. This represents a 28.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,323 shares of company stock valued at $28,111,828. 0.55% of the stock is currently owned by corporate insiders.

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.