Avitas Wealth Management LLC Acquires 211 Shares of Goldman Sachs Group Inc (NYSE:GS)

Avitas Wealth Management LLC lifted its holdings in shares of Goldman Sachs Group Inc (NYSE:GS) by 1.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 15,984 shares of the investment management company’s stock after purchasing an additional 211 shares during the period. Avitas Wealth Management LLC’s holdings in Goldman Sachs Group were worth $3,312,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Next Capital Management LLC bought a new position in shares of Goldman Sachs Group during the 2nd quarter valued at $28,000. Advantage Investment Management LLC bought a new position in shares of Goldman Sachs Group during the 3rd quarter valued at $29,000. Motco grew its holdings in shares of Goldman Sachs Group by 146.7% during the 2nd quarter. Motco now owns 148 shares of the investment management company’s stock valued at $30,000 after purchasing an additional 88 shares during the last quarter. Tortoise Investment Management LLC grew its holdings in shares of Goldman Sachs Group by 1,153.8% during the 2nd quarter. Tortoise Investment Management LLC now owns 163 shares of the investment management company’s stock valued at $33,000 after purchasing an additional 150 shares during the last quarter. Finally, Pathstone Family Office LLC grew its holdings in shares of Goldman Sachs Group by 2,900.0% during the 2nd quarter. Pathstone Family Office LLC now owns 180 shares of the investment management company’s stock valued at $37,000 after purchasing an additional 174 shares during the last quarter. 68.66% of the stock is currently owned by institutional investors.

Shares of Goldman Sachs Group stock opened at $206.52 on Friday. The firm has a market cap of $74.24 billion, a PE ratio of 9.24, a price-to-earnings-growth ratio of 0.79 and a beta of 1.35. Goldman Sachs Group Inc has a 12-month low of $151.70 and a 12-month high of $234.06. The company has a quick ratio of 0.85, a current ratio of 0.78 and a debt-to-equity ratio of 2.36. The company’s fifty day simple moving average is $207.50 and its two-hundred day simple moving average is $203.36.

Goldman Sachs Group (NYSE:GS) last posted its earnings results on Tuesday, October 15th. The investment management company reported $4.79 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $5.03 by ($0.24). Goldman Sachs Group had a return on equity of 11.02% and a net margin of 18.86%. The company had revenue of $8.32 billion during the quarter, compared to analysts’ expectations of $8.33 billion. During the same period in the prior year, the business posted $6.28 earnings per share. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. As a group, sell-side analysts expect that Goldman Sachs Group Inc will post 21.81 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 2nd will be given a $1.25 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $5.00 annualized dividend and a dividend yield of 2.42%. Goldman Sachs Group’s dividend payout ratio is 19.79%.

GS has been the topic of a number of recent analyst reports. Deutsche Bank reissued a “buy” rating on shares of Goldman Sachs Group in a report on Friday, June 28th. ValuEngine raised shares of Goldman Sachs Group from a “sell” rating to a “hold” rating in a report on Thursday. Oppenheimer cut their price target on shares of Goldman Sachs Group from $316.00 to $301.00 and set an “outperform” rating on the stock in a report on Wednesday. Royal Bank of Canada set a $220.00 price target on shares of Goldman Sachs Group and gave the stock a “neutral” rating in a report on Monday, October 7th. Finally, TheStreet raised shares of Goldman Sachs Group from a “c+” rating to a “b” rating in a report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $240.42.

About Goldman Sachs Group

The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates in four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.

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

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