The Goldman Sachs Group, Inc. $GS Stock Position Increased by Childress Capital Advisors LLC

Childress Capital Advisors LLC lifted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 6,208.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 52,046 shares of the investment management company’s stock after purchasing an additional 51,221 shares during the quarter. The Goldman Sachs Group comprises about 7.6% of Childress Capital Advisors LLC’s holdings, making the stock its 2nd biggest holding. Childress Capital Advisors LLC’s holdings in The Goldman Sachs Group were worth $41,447,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in GS. Kingstone Capital Partners Texas LLC boosted its position in The Goldman Sachs Group by 617,504.5% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 29,058,291 shares of the investment management company’s stock valued at $20,566,005,000 after buying an additional 29,053,586 shares during the period. Fisher Asset Management LLC increased its position in shares of The Goldman Sachs Group by 3.6% during the second quarter. Fisher Asset Management LLC now owns 6,539,746 shares of the investment management company’s stock worth $4,628,507,000 after acquiring an additional 227,604 shares during the period. Bank of New York Mellon Corp raised its stake in shares of The Goldman Sachs Group by 4.9% in the second quarter. Bank of New York Mellon Corp now owns 3,379,900 shares of the investment management company’s stock valued at $2,392,124,000 after acquiring an additional 157,473 shares in the last quarter. Norges Bank purchased a new position in The Goldman Sachs Group in the second quarter valued at $2,138,031,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in The Goldman Sachs Group by 6.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,084,108 shares of the investment management company’s stock worth $1,138,527,000 after purchasing an additional 120,272 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Key Headlines Impacting The Goldman Sachs Group

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Daiwa Capital Markets increased their price target on The Goldman Sachs Group from $823.00 to $927.00 and gave the company a “neutral” rating in a research report on Tuesday. HSBC upped their target price on shares of The Goldman Sachs Group from $652.00 to $677.00 in a research note on Thursday, October 2nd. Morgan Stanley decreased their price target on shares of The Goldman Sachs Group from $854.00 to $828.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 15th. Keefe, Bruyette & Woods boosted their price target on shares of The Goldman Sachs Group from $870.00 to $971.00 and gave the stock a “market perform” rating in a report on Wednesday, December 17th. Finally, Rothschild & Co Redburn increased their price objective on shares of The Goldman Sachs Group from $608.00 to $748.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Five equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, The Goldman Sachs Group has a consensus rating of “Hold” and an average price target of $852.28.

Read Our Latest Research Report on The Goldman Sachs Group

The Goldman Sachs Group Stock Up 0.7%

GS stock opened at $955.05 on Wednesday. The stock has a market cap of $286.45 billion, a P/E ratio of 19.40, a PEG ratio of 1.11 and a beta of 1.33. 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 twelve month low of $439.38 and a twelve month high of $961.69. The company’s 50 day moving average is $843.27 and its two-hundred day moving average is $778.94.

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, beating the consensus estimate of $10.27 by $1.98. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 15.29%. The business had revenue of $15.18 billion during the quarter, compared to analysts’ expectations of $13.68 billion. During the same quarter in the prior year, the business posted $8.40 EPS. The company’s revenue for the quarter was up 19.5% on a year-over-year basis. Research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd were issued a dividend of $4.00 per share. The ex-dividend date of this dividend was Tuesday, December 2nd. This represents a $16.00 annualized dividend and a dividend yield of 1.7%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 32.50%.

The Goldman Sachs Group 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.

Further Reading

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

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