The Goldman Sachs Group, Inc. $GS Shares Purchased by Congress Park Capital LLC

Congress Park Capital LLC boosted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 49.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,504 shares of the investment management company’s stock after acquiring an additional 824 shares during the period. Congress Park Capital LLC’s holdings in The Goldman Sachs Group were worth $1,994,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Montecito Bank & Trust acquired a new position in shares of The Goldman Sachs Group during the 3rd quarter worth approximately $2,253,000. McLean Asset Management Corp increased its position in The Goldman Sachs Group by 2.2% during the third quarter. McLean Asset Management Corp now owns 831 shares of the investment management company’s stock worth $662,000 after buying an additional 18 shares in the last quarter. Heritage Family Offices LLP acquired a new position in shares of The Goldman Sachs Group in the third quarter worth $271,000. Acropolis Investment Management LLC lifted its position in shares of The Goldman Sachs Group by 77.4% in the third quarter. Acropolis Investment Management LLC now owns 619 shares of the investment management company’s stock valued at $493,000 after acquiring an additional 270 shares in the last quarter. Finally, Lbmc Investment Advisors LLC purchased a new stake in shares of The Goldman Sachs Group in the third quarter valued at $697,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on GS shares. Dbs Bank lifted their price objective on The Goldman Sachs Group from $800.00 to $890.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. JPMorgan Chase & Co. reaffirmed 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. HSBC lifted their price target on shares of The Goldman Sachs Group from $652.00 to $677.00 in a report on Thursday, October 2nd. UBS Group upped their price objective on shares of The Goldman Sachs Group from $762.00 to $805.00 and gave the company a “neutral” rating in a research note on Tuesday, October 7th. Finally, 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 note on Tuesday, September 16th. Four research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, The Goldman Sachs Group has a consensus rating of “Hold” and a consensus price target of $792.67.

The Goldman Sachs Group Price Performance

GS opened at $871.97 on Thursday. The Goldman Sachs Group, Inc. has a 1 year low of $439.38 and a 1 year high of $919.10. The company’s 50 day simple moving average is $805.59 and its 200 day simple moving average is $749.91. The stock has a market capitalization of $261.53 billion, a PE ratio of 17.71, a P/E/G ratio of 1.16 and a beta of 1.36. The company has a debt-to-equity ratio of 2.53, a quick ratio of 0.65 and a current ratio of 0.65.

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

The Goldman Sachs Group Dividend Announcement

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

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.