Biltmore Family Office LLC Grows Stock Holdings in The Goldman Sachs Group, Inc. $GS

Biltmore Family Office LLC grew its position in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 577.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,724 shares of the investment management company’s stock after buying an additional 8,288 shares during the quarter. The Goldman Sachs Group accounts for 1.1% of Biltmore Family Office LLC’s holdings, making the stock its 13th largest holding. Biltmore Family Office LLC’s holdings in The Goldman Sachs Group were worth $7,744,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC grew its position in The Goldman Sachs Group by 17.1% in the 4th 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 in the last quarter. Revolve Wealth Partners LLC lifted 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. Sivia Capital Partners LLC lifted its position in shares of The Goldman Sachs Group by 90.1% during the second quarter. Sivia Capital Partners LLC now owns 1,551 shares of the investment management company’s stock worth $1,098,000 after purchasing an additional 735 shares in the last quarter. ST Germain D J Co. Inc. boosted its stake in shares of The Goldman Sachs Group by 4.1% in the second quarter. ST Germain D J Co. Inc. now owns 1,640 shares of the investment management company’s stock valued at $1,160,000 after purchasing an additional 64 shares during the period. Finally, True North Advisors LLC acquired a new position in shares of The Goldman Sachs Group in the second quarter valued at approximately $226,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on GS. Rothschild & Co Redburn upped their target price on shares of The Goldman Sachs Group from $608.00 to $748.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. Zacks Research upgraded shares of The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 19th. HSBC set a $604.00 price objective on The Goldman Sachs Group in a research report on Wednesday, January 7th. Jefferies Financial Group lifted their target price on The Goldman Sachs Group from $898.00 to $1,087.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. Finally, Barclays boosted their target price on The Goldman Sachs Group from $850.00 to $1,048.00 and gave the stock an “overweight” rating in a research note on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $898.00.

Check Out Our Latest Stock Analysis on The Goldman Sachs Group

Insider Activity

In other news, Director David A. Viniar sold 45,000 shares of The Goldman Sachs Group stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $965.33, for a total transaction of $43,439,850.00. Following the sale, the director owned 555,000 shares in the company, valued at approximately $535,758,150. The trade was a 7.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 68,186 shares of company stock worth $65,820,670 over the last 90 days. Company insiders own 0.55% of the company’s stock.

Trending Headlines about The Goldman Sachs Group

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The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock opened at $919.82 on Friday. The company has a quick ratio of 0.65, a current ratio of 1.13 and a debt-to-equity ratio of 2.29. The Goldman Sachs Group, Inc. has a 52 week low of $439.38 and a 52 week high of $984.70. The firm’s 50 day moving average is $882.31 and its two-hundred day moving average is $801.14. The firm has a market capitalization of $275.88 billion, a P/E ratio of 17.93, a P/E/G ratio of 1.11 and a beta of 1.33.

The Goldman Sachs Group (NYSE:GSGet Free Report) last issued its earnings results on Thursday, January 15th. The investment management company reported $13.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $11.52 by $2.03. The business had revenue of $15.71 billion during the quarter, compared to analysts’ expectations of $14.30 billion. The Goldman Sachs Group had a net margin of 13.73% and a return on equity of 15.19%. The company’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $11.95 EPS. Research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 2nd will be paid a $4.50 dividend. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $4.00. This represents a $18.00 annualized dividend and a yield of 2.0%. The ex-dividend date is Monday, March 2nd. The Goldman Sachs Group’s payout ratio is currently 35.09%.

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.

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

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