San Francisco Sentry Investment Group CA decreased its holdings in Goldman Sachs Group Inc (NYSE:GS) by 10.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 666 shares of the investment management company’s stock after selling 75 shares during the quarter. San Francisco Sentry Investment Group CA’s holdings in Goldman Sachs Group were worth $133,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Howe & Rusling Inc. purchased a new stake in Goldman Sachs Group during the 2nd quarter worth approximately $35,000. Heritage Wealth Advisors increased its stake in Goldman Sachs Group by 495.0% during the 2nd quarter. Heritage Wealth Advisors now owns 1,190 shares of the investment management company’s stock worth $39,000 after buying an additional 990 shares in the last quarter. Crewe Advisors LLC increased its stake in Goldman Sachs Group by 42.8% during the 3rd quarter. Crewe Advisors LLC now owns 207 shares of the investment management company’s stock worth $42,000 after buying an additional 62 shares in the last quarter. Costello Asset Management INC purchased a new stake in Goldman Sachs Group during the 2nd quarter worth approximately $44,000. Finally, West Oak Capital LLC purchased a new stake in Goldman Sachs Group during the 3rd quarter worth approximately $48,000. 68.70% of the stock is owned by institutional investors.
A number of equities research analysts have recently issued reports on GS shares. DA Davidson upped their price target on Goldman Sachs Group from $215.00 to $238.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. Wells Fargo & Company restated a “buy” rating and issued a $255.00 price target on shares of Goldman Sachs Group in a research report on Tuesday, June 30th. Oppenheimer upped their price target on Goldman Sachs Group from $326.00 to $356.00 in a research report on Thursday. Morgan Stanley upped their price target on Goldman Sachs Group from $192.00 to $208.00 and gave the company an “equal weight” rating in a research report on Monday, October 5th. Finally, UBS Group upgraded Goldman Sachs Group from a “neutral” rating to a “buy” rating and upped their price target for the company from $220.00 to $245.00 in a research report on Wednesday, September 23rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. Goldman Sachs Group presently has an average rating of “Buy” and an average price target of $249.29.
Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Monday, October 19th. The investment management company reported $9.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.57 by $4.11. The business had revenue of $10.70 billion for the quarter, compared to analysts’ expectations of $9.40 billion. Goldman Sachs Group had a return on equity of 9.07% and a net margin of 13.40%. The company’s revenue for the quarter was up 28.6% compared to the same quarter last year. During the same period last year, the firm earned $4.79 earnings per share. On average, sell-side analysts expect that Goldman Sachs Group Inc will post 14.17 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Wednesday, December 2nd will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.42%. The ex-dividend date is Tuesday, December 1st. Goldman Sachs Group’s payout ratio is currently 23.78%.
Goldman Sachs Group Profile
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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