Concurrent Investment Advisors LLC Grows Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Concurrent Investment Advisors LLC lifted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 10.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,751 shares of the investment management company’s stock after acquiring an additional 432 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in The Goldman Sachs Group were worth $2,352,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Norden Group LLC acquired a new position in The Goldman Sachs Group during the first quarter worth $220,000. Advisory Services Network LLC raised its position in shares of The Goldman Sachs Group by 10.8% during the 1st quarter. Advisory Services Network LLC now owns 9,879 shares of the investment management company’s stock worth $4,126,000 after purchasing an additional 964 shares during the last quarter. Duality Advisers LP purchased a new position in The Goldman Sachs Group in the 1st quarter valued at about $1,388,000. Envestnet Portfolio Solutions Inc. boosted its holdings in The Goldman Sachs Group by 21.5% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 12,075 shares of the investment management company’s stock worth $5,044,000 after buying an additional 2,139 shares during the last quarter. Finally, Empowered Funds LLC increased its stake in The Goldman Sachs Group by 62.7% during the 1st quarter. Empowered Funds LLC now owns 6,301 shares of the investment management company’s stock worth $2,632,000 after buying an additional 2,428 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Brian J. Lee sold 2,000 shares of the stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $530.90, for a total value of $1,061,800.00. Following the completion of the transaction, the insider now owns 10,095 shares in the company, valued at approximately $5,359,435.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.57% of the company’s stock.

The Goldman Sachs Group Stock Performance

NYSE:GS opened at $582.16 on Friday. The company has a market cap of $183.85 billion, a price-to-earnings ratio of 17.08, a price-to-earnings-growth ratio of 0.74 and a beta of 1.35. The company has a quick ratio of 0.72, a current ratio of 1.11 and a debt-to-equity ratio of 2.07. The Goldman Sachs Group, Inc. has a 52 week low of $319.66 and a 52 week high of $598.60. The company has a fifty day simple moving average of $504.77 and a two-hundred day simple moving average of $480.57.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Tuesday, October 15th. The investment management company reported $8.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.89 by $1.51. The Goldman Sachs Group had a return on equity of 11.05% and a net margin of 9.89%. The firm had revenue of $12.70 billion during the quarter, compared to the consensus estimate of $11.77 billion. During the same period in the prior year, the company posted $5.47 earnings per share. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. As a group, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 37.14 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 2nd will be paid a $3.00 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $12.00 annualized dividend and a yield of 2.06%. The Goldman Sachs Group’s dividend payout ratio is currently 35.21%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Oppenheimer lifted their price target on The Goldman Sachs Group from $614.00 to $661.00 and gave the stock an “outperform” rating in a research note on Tuesday. Evercore ISI upped their target price on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Citigroup raised their price target on shares of The Goldman Sachs Group from $460.00 to $485.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 16th. Bank of America upped their price objective on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Finally, Wells Fargo & Company raised their target price on shares of The Goldman Sachs Group from $504.00 to $550.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 16th. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $527.63.

The Goldman Sachs Group Company 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.