Marest Capital LLC Raises Stock Holdings in The Goldman Sachs Group, Inc. $GS

Marest Capital LLC lifted its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 7.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 3,513 shares of the investment management company’s stock after purchasing an additional 258 shares during the period. The Goldman Sachs Group comprises approximately 1.9% of Marest Capital LLC’s portfolio, making the stock its 6th biggest holding. Marest Capital LLC’s holdings in The Goldman Sachs Group were worth $2,486,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in GS. Brighton Jones LLC grew its holdings in shares of The Goldman Sachs Group by 17.1% in the fourth quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock worth $1,989,000 after purchasing an additional 508 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of The Goldman Sachs Group by 7.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock worth $508,000 after purchasing an additional 58 shares during the last quarter. Silver Oak Securities Incorporated grew its holdings in shares of The Goldman Sachs Group by 8.4% in the first quarter. Silver Oak Securities Incorporated now owns 568 shares of the investment management company’s stock worth $308,000 after purchasing an additional 44 shares during the last quarter. HM Payson & Co. grew its holdings in shares of The Goldman Sachs Group by 21.4% in the first quarter. HM Payson & Co. now owns 340 shares of the investment management company’s stock worth $186,000 after purchasing an additional 60 shares during the last quarter. Finally, McGlone Suttner Wealth Management Inc. bought a new position in shares of The Goldman Sachs Group in the first quarter worth approximately $237,000. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Performance

Shares of GS stock opened at $785.27 on Tuesday. 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 market cap of $237.72 billion, a PE ratio of 15.95, a price-to-earnings-growth ratio of 1.43 and a beta of 1.42. 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 company’s fifty day moving average price is $774.78 and its 200-day moving average price is $694.79.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Tuesday, October 14th. The investment management company reported $12.25 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $11.33 billion for the quarter, compared to analysts’ expectations of $13.68 billion. During the same quarter in the previous year, the business posted $8.40 EPS. The company’s quarterly revenue was up 19.5% on a year-over-year basis. On average, equities analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of The Goldman Sachs Group from a “sell” rating to a “hold” rating in a report on Saturday, July 12th. Wells Fargo & Company raised their price target on The Goldman Sachs Group from $785.00 to $855.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 16th. Zacks Research lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 16th. Barclays raised their price target on The Goldman Sachs Group from $720.00 to $850.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Finally, Royal Bank Of Canada reaffirmed a “neutral” rating and issued a $843.00 price target on shares of The Goldman Sachs Group in a research note on Tuesday, October 14th. Three research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $779.50.

Insider Activity at The Goldman Sachs Group

In other news, COO John E. Waldron sold 9,000 shares of the business’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $750.51, for a total transaction of $6,754,590.00. Following the sale, the chief operating officer owned 106,268 shares in the company, valued at approximately $79,755,196.68. The trade was a 7.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible 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.