Dynamic Advisor Solutions LLC Buys 1,070 Shares of The Goldman Sachs Group, Inc. $GS

Dynamic Advisor Solutions LLC boosted its position in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 27.8% in the third quarter, HoldingsChannel.com reports. The firm owned 4,925 shares of the investment management company’s stock after acquiring an additional 1,070 shares during the period. Dynamic Advisor Solutions LLC’s holdings in The Goldman Sachs Group were worth $3,922,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of GS. Brighton Jones LLC lifted its position in The Goldman Sachs Group by 17.1% during the fourth quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock valued at $1,989,000 after acquiring an additional 508 shares during the last quarter. Revolve Wealth Partners LLC increased its position in shares of The Goldman Sachs Group by 7.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock worth $508,000 after purchasing an additional 58 shares in the last quarter. EntryPoint Capital LLC purchased a new stake in shares of The Goldman Sachs Group during the 1st quarter valued at $239,000. Erste Asset Management GmbH lifted its holdings in shares of The Goldman Sachs Group by 5.1% during the 1st quarter. Erste Asset Management GmbH now owns 6,037 shares of the investment management company’s stock valued at $3,279,000 after purchasing an additional 294 shares during the last quarter. Finally, Summit Financial LLC boosted its position in shares of The Goldman Sachs Group by 95.7% in the 1st quarter. Summit Financial LLC now owns 5,954 shares of the investment management company’s stock worth $3,253,000 after purchasing an additional 2,912 shares in the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Keefe, Bruyette & Woods upped their target price on The Goldman Sachs Group from $870.00 to $971.00 and gave the company a “market perform” rating in a research report on Wednesday. Morgan Stanley cut their price objective on shares of The Goldman Sachs Group from $854.00 to $828.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 15th. BMO Capital Markets started coverage on shares of The Goldman Sachs Group in a research report on Friday, October 3rd. They issued a “market perform” rating and a $785.00 price objective for the company. Royal Bank Of Canada lifted their target price on shares of The Goldman Sachs Group from $843.00 to $900.00 and gave the stock a “sector perform” rating in a research note on Friday, December 12th. Finally, Barclays upped their price target on shares of The Goldman Sachs Group from $720.00 to $850.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Four analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $792.67.

Read Our Latest Report on The Goldman Sachs Group

The Goldman Sachs Group Stock Performance

Shares of NYSE GS opened at $893.83 on Friday. The company has a 50 day simple moving average of $810.10 and a two-hundred day simple moving average of $752.84. The stock has a market cap of $268.09 billion, a price-to-earnings ratio of 18.16, a PEG ratio of 1.16 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, Inc. has a 12 month low of $439.38 and a 12 month high of $919.10.

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, topping the consensus estimate of $10.27 by $1.98. The firm had revenue of $15.18 billion during the quarter, compared to analysts’ expectations of $13.68 billion. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 15.29%. The firm’s revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the company posted $8.40 earnings per share. As a group, analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

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

Key Headlines Impacting The Goldman Sachs Group

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

The Goldman Sachs Group Company 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.

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

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