Midwest Professional Planners LTD. Buys 174 Shares of The Goldman Sachs Group, Inc. $GS

Midwest Professional Planners LTD. raised its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 3.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 5,738 shares of the investment management company’s stock after purchasing an additional 174 shares during the period. The Goldman Sachs Group accounts for about 1.1% of Midwest Professional Planners LTD.’s investment portfolio, making the stock its 28th biggest holding. Midwest Professional Planners LTD.’s holdings in The Goldman Sachs Group were worth $4,061,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Winthrop Advisory Group LLC increased its holdings in The Goldman Sachs Group by 3.4% in the 2nd quarter. Winthrop Advisory Group LLC now owns 429 shares of the investment management company’s stock worth $303,000 after acquiring an additional 14 shares in the last quarter. Avion Wealth increased its stake in shares of The Goldman Sachs Group by 31.1% in the second quarter. Avion Wealth now owns 59 shares of the investment management company’s stock worth $41,000 after purchasing an additional 14 shares in the last quarter. KPP Advisory Services LLC increased its stake in shares of The Goldman Sachs Group by 2.1% in the second quarter. KPP Advisory Services LLC now owns 668 shares of the investment management company’s stock worth $473,000 after purchasing an additional 14 shares in the last quarter. Dumont & Blake Investment Advisors LLC lifted its stake in shares of The Goldman Sachs Group by 0.7% during the 2nd quarter. Dumont & Blake Investment Advisors LLC now owns 2,241 shares of the investment management company’s stock valued at $1,586,000 after buying an additional 15 shares in the last quarter. Finally, Mechanics Financial Corp increased its stake in The Goldman Sachs Group by 5.8% in the 2nd quarter. Mechanics Financial Corp now owns 294 shares of the investment management company’s stock worth $208,000 after buying an additional 16 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Trading Down 1.9%

GS stock opened at $790.56 on Monday. The firm has a fifty day moving average price of $785.07 and a 200 day moving average price of $711.73. The Goldman Sachs Group, Inc. has a fifty-two week low of $439.38 and a fifty-two week high of $841.28. The firm has a market cap of $237.11 billion, a PE ratio of 16.06, a price-to-earnings-growth ratio of 1.43 and a beta of 1.41. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.67 and a current ratio of 1.11.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Tuesday, October 14th. The investment management company reported $12.25 EPS for the quarter, beating 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 $15.18 billion during the quarter, compared to analyst estimates of $13.68 billion. During the same quarter last year, the business earned $8.40 earnings per share. The Goldman Sachs Group’s quarterly revenue was up 19.5% compared to the same quarter last year. Sell-side analysts anticipate 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 business also recently disclosed 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. This represents a $16.00 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Tuesday, December 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 32.50%.

Insider Activity at The Goldman Sachs Group

In related news, COO John E. Waldron sold 9,244 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $750.11, for a total transaction of $6,934,016.84. Following the sale, the chief operating officer owned 115,268 shares in the company, valued at approximately $86,463,679.48. This represents a 7.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on GS shares. Barclays upped their price objective 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. BMO Capital Markets initiated coverage on shares of The Goldman Sachs Group in a research report on Friday, October 3rd. They set a “market perform” rating and a $785.00 price objective on the stock. UBS Group boosted their target price on shares of The Goldman Sachs Group from $762.00 to $805.00 and gave the stock a “neutral” rating in a report on Tuesday, October 7th. Morgan Stanley cut their target price on shares of The Goldman Sachs Group from $854.00 to $828.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 15th. Finally, HSBC boosted their price target on shares of The Goldman Sachs Group from $652.00 to $677.00 in a research note on Thursday, October 2nd. Four 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 stock presently has an average rating of “Hold” and a consensus target price of $786.00.

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.