The Goldman Sachs Group, Inc. $GS Shares Acquired by Highland Capital Management LLC

Highland Capital Management LLC increased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 4.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 39,034 shares of the investment management company’s stock after buying an additional 1,669 shares during the period. The Goldman Sachs Group comprises about 1.5% of Highland Capital Management LLC’s portfolio, making the stock its 11th biggest position. Highland Capital Management LLC’s holdings in The Goldman Sachs Group were worth $31,084,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. Asio Capital LLC raised its holdings in shares of The Goldman Sachs Group by 11.0% in the 3rd quarter. Asio Capital LLC now owns 5,018 shares of the investment management company’s stock valued at $3,996,000 after purchasing an additional 497 shares in the last quarter. Regent Peak Wealth Advisors LLC acquired a new position in shares of The Goldman Sachs Group during the third quarter worth $575,000. Silverleafe Capital Partners LLC increased its holdings in The Goldman Sachs Group by 11.8% in the third quarter. Silverleafe Capital Partners LLC now owns 645 shares of the investment management company’s stock valued at $514,000 after buying an additional 68 shares during the last quarter. Blue Trust Inc. raised its stake in The Goldman Sachs Group by 0.9% in the third quarter. Blue Trust Inc. now owns 3,158 shares of the investment management company’s stock valued at $2,515,000 after buying an additional 27 shares in the last quarter. Finally, Avanza Fonder AB raised its stake in The Goldman Sachs Group by 9.4% in the third quarter. Avanza Fonder AB now owns 22,695 shares of the investment management company’s stock valued at $18,073,000 after buying an additional 1,950 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. BNP Paribas Exane upped their price objective on The Goldman Sachs Group from $685.00 to $775.00 and gave the stock a “neutral” rating in a research report on Friday, October 17th. Citigroup upped their target price on shares of The Goldman Sachs Group from $700.00 to $765.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $750.00 price target (up from $625.00) on shares of The Goldman Sachs Group in a research note on Tuesday, October 21st. Daiwa Capital Markets boosted their price target on shares of The Goldman Sachs Group from $756.00 to $810.00 and gave the company a “neutral” rating in a research report on Wednesday, October 8th. Finally, Morgan Stanley dropped their price objective on The Goldman Sachs Group from $854.00 to $828.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 15th. Four investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, The Goldman Sachs Group presently has an average rating of “Hold” and a consensus price target of $792.67.

The Goldman Sachs Group Stock Performance

NYSE GS opened at $910.34 on Friday. The firm has a market cap of $273.04 billion, a P/E ratio of 18.49, a P/E/G ratio of 1.20 and a beta of 1.36. The Goldman Sachs Group, Inc. has a 52-week low of $439.38 and a 52-week high of $919.10. The business’s 50-day moving average price is $820.82 and its 200 day moving average price is $761.16. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 2.53.

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 analysts’ consensus estimates of $10.27 by $1.98. The company had revenue of $15.18 billion during the quarter, compared to analysts’ expectations of $13.68 billion. The Goldman Sachs Group had a return on equity of 15.29% and a net margin of 13.18%.The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same period last year, the firm earned $8.40 EPS. On average, 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 2nd will be issued a dividend of $4.00 per share. This represents a $16.00 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Tuesday, December 2nd. The Goldman Sachs Group’s dividend payout ratio is currently 32.50%.

The Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.