Bell & Brown Wealth Advisors LLC boosted its holdings in shares of Goldman Sachs Group Inc (NYSE:GS) by 1.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,698 shares of the investment management company’s stock after acquiring an additional 141 shares during the period. Goldman Sachs Group comprises 1.6% of Bell & Brown Wealth Advisors LLC’s portfolio, making the stock its 24th largest holding. Bell & Brown Wealth Advisors LLC’s holdings in Goldman Sachs Group were worth $1,973,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in GS. Busey Wealth Management purchased a new stake in Goldman Sachs Group in the second quarter valued at approximately $3,126,000. Nuveen Asset Management LLC lifted its position in shares of Goldman Sachs Group by 1,026.7% during the 2nd quarter. Nuveen Asset Management LLC now owns 2,132,535 shares of the investment management company’s stock worth $436,316,000 after buying an additional 1,943,266 shares during the last quarter. Cubist Systematic Strategies LLC lifted its position in shares of Goldman Sachs Group by 393.4% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 6,537 shares of the investment management company’s stock worth $1,337,000 after buying an additional 5,212 shares during the last quarter. Northeast Financial Consultants Inc lifted its position in shares of Goldman Sachs Group by 12.5% during the 1st quarter. Northeast Financial Consultants Inc now owns 11,886 shares of the investment management company’s stock worth $2,282,000 after buying an additional 1,317 shares during the last quarter. Finally, Lee Danner & Bass Inc. lifted its position in shares of Goldman Sachs Group by 10.7% during the 2nd quarter. Lee Danner & Bass Inc. now owns 20,255 shares of the investment management company’s stock worth $4,144,000 after buying an additional 1,955 shares during the last quarter. Institutional investors own 68.66% of the company’s stock.
In related news, EVP Dane E. Holmes sold 3,165 shares of the firm’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $212.15, for a total transaction of $671,454.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.41% of the company’s stock.
NYSE GS traded down $0.53 during trading hours on Wednesday, hitting $196.84. 289,105 shares of the company’s stock were exchanged, compared to its average volume of 2,680,674. The stock has a 50-day simple moving average of $206.45 and a 200 day simple moving average of $202.65. Goldman Sachs Group Inc has a 1-year low of $151.70 and a 1-year high of $234.06. The firm has a market cap of $72.20 billion, a price-to-earnings ratio of 7.79, a PEG ratio of 0.74 and a beta of 1.35. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 2.78.
Goldman Sachs Group (NYSE:GS) last released its earnings results on Tuesday, July 16th. The investment management company reported $5.81 EPS for the quarter, topping the consensus estimate of $4.73 by $1.08. Goldman Sachs Group had a return on equity of 12.43% and a net margin of 22.09%. The business had revenue of $9.46 billion during the quarter, compared to analysts’ expectations of $8.88 billion. During the same quarter last year, the firm posted $5.98 earnings per share. The firm’s revenue was up .6% on a year-over-year basis. On average, sell-side analysts anticipate that Goldman Sachs Group Inc will post 22.7 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, August 30th were paid a dividend of $1.25 per share. The ex-dividend date was Thursday, August 29th. This represents a $5.00 annualized dividend and a yield of 2.54%. This is a boost from Goldman Sachs Group’s previous quarterly dividend of $0.85. Goldman Sachs Group’s dividend payout ratio (DPR) is currently 19.79%.
Goldman Sachs Group Profile
The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates in four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.
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