Vontobel Holding Ltd. Has $33.77 Million Position in The Goldman Sachs Group, Inc. $GS

Vontobel Holding Ltd. raised its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 34.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,401 shares of the investment management company’s stock after purchasing an additional 10,949 shares during the quarter. Vontobel Holding Ltd.’s holdings in The Goldman Sachs Group were worth $33,766,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in GS. Winthrop Advisory Group LLC increased its holdings in The Goldman Sachs Group by 3.4% during the 2nd quarter. Winthrop Advisory Group LLC now owns 429 shares of the investment management company’s stock worth $303,000 after purchasing an additional 14 shares in the last quarter. Avion Wealth lifted its holdings 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 valued at $41,000 after purchasing an additional 14 shares in the last quarter. KPP Advisory Services LLC boosted its position in shares of The Goldman Sachs Group by 2.1% during the second quarter. KPP Advisory Services LLC now owns 668 shares of the investment management company’s stock valued at $473,000 after buying an additional 14 shares during the last quarter. FAS Wealth Partners Inc. grew its holdings in The Goldman Sachs Group by 2.2% during the second quarter. FAS Wealth Partners Inc. now owns 653 shares of the investment management company’s stock worth $462,000 after buying an additional 14 shares in the last quarter. Finally, Ignite Planners LLC raised its position in The Goldman Sachs Group by 4.2% in the 3rd quarter. Ignite Planners LLC now owns 351 shares of the investment management company’s stock valued at $280,000 after buying an additional 14 shares during the last quarter. 71.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

GS has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of The Goldman Sachs Group in a report on Monday. Citigroup upped their price objective on shares of The Goldman Sachs Group from $700.00 to $765.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. Wells Fargo & Company lifted their target price on shares of The Goldman Sachs Group from $785.00 to $855.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 16th. Royal Bank Of Canada upped their target price on The Goldman Sachs Group from $843.00 to $900.00 and gave the company a “sector perform” rating in a report on Friday, December 12th. Finally, Keefe, Bruyette & Woods boosted their price objective on The Goldman Sachs Group from $870.00 to $971.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 17th. Four investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $792.67.

Check Out Our Latest Stock Report on The Goldman Sachs Group

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock opened at $901.34 on Wednesday. The business’s 50 day simple moving average is $814.92 and its 200 day simple moving average is $759.06. The Goldman Sachs Group, Inc. has a 12 month low of $439.38 and a 12 month high of $919.10. The company has a market cap of $270.34 billion, a price-to-earnings ratio of 18.32, a PEG ratio of 1.18 and a beta of 1.36. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 2.53.

The Goldman Sachs Group (NYSE:GSGet Free Report) last issued its earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.27 by $1.98. The firm had revenue of $15.18 billion for the quarter, compared to analyst estimates of $13.68 billion. The Goldman Sachs Group had a return on equity of 15.29% and a net margin of 13.18%.The business’s revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the company posted $8.40 earnings per share. Sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd will be given a dividend of $4.00 per share. This represents a $16.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Tuesday, December 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 32.50%.

Key The Goldman Sachs Group News

Here are the key news stories impacting The Goldman Sachs Group this week:

The Goldman Sachs Group Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

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