Field & Main Bank grew its position in shares of Goldman Sachs Group Inc (NYSE:GS) by 3.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,228 shares of the investment management company’s stock after acquiring an additional 191 shares during the quarter. Field & Main Bank’s holdings in Goldman Sachs Group were worth $1,051,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the business. Rothschild Investment Corp IL boosted its position in Goldman Sachs Group by 1.3% during the 3rd quarter. Rothschild Investment Corp IL now owns 6,423 shares of the investment management company’s stock worth $1,291,000 after acquiring an additional 85 shares during the last quarter. Standard Life Aberdeen plc boosted its position in Goldman Sachs Group by 5.7% during the 3rd quarter. Standard Life Aberdeen plc now owns 1,301,819 shares of the investment management company’s stock worth $261,627,000 after acquiring an additional 69,849 shares during the last quarter. Transform Wealth LLC boosted its position in Goldman Sachs Group by 3.7% during the 3rd quarter. Transform Wealth LLC now owns 28,580 shares of the investment management company’s stock worth $5,744,000 after acquiring an additional 1,024 shares during the last quarter. Canal Capital Management LLC boosted its position in Goldman Sachs Group by 922.0% during the 3rd quarter. Canal Capital Management LLC now owns 12,468 shares of the investment management company’s stock worth $2,506,000 after acquiring an additional 11,248 shares during the last quarter. Finally, Franklin Street Advisors Inc. NC acquired a new position in Goldman Sachs Group during the 3rd quarter worth approximately $286,000. 68.70% of the stock is owned by hedge funds and other institutional investors.
GS traded down $0.36 during trading hours on Friday, reaching $205.04. The company’s stock had a trading volume of 2,110,153 shares, compared to its average volume of 3,746,409. Goldman Sachs Group Inc has a 52 week low of $130.85 and a 52 week high of $250.46. The company’s 50-day moving average is $202.15 and its 200-day moving average is $197.43. The company has a debt-to-equity ratio of 2.30, a quick ratio of 0.76 and a current ratio of 1.23. The firm has a market cap of $70.55 billion, a PE ratio of 8.64, a price-to-earnings-growth ratio of 4.77 and a beta of 1.39.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 30th. Shareholders of record on Wednesday, December 2nd will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.44%. The ex-dividend date is Tuesday, December 1st. Goldman Sachs Group’s payout ratio is 23.78%.
A number of research firms have weighed in on GS. UBS Group raised Goldman Sachs Group from a “neutral” rating to a “buy” rating and upped their price target for the stock from $220.00 to $245.00 in a research report on Wednesday, September 23rd. Barclays increased their price objective on Goldman Sachs Group from $253.00 to $270.00 and gave the company an “equal weight” rating in a report on Thursday, October 15th. Credit Suisse Group reissued a “buy” rating and issued a $262.00 price objective (up previously from $255.00) on shares of Goldman Sachs Group in a report on Monday, October 19th. DA Davidson increased their price objective on Goldman Sachs Group from $215.00 to $238.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. Finally, Wells Fargo & Company reissued a “buy” rating and issued a $255.00 price objective on shares of Goldman Sachs Group in a report on Tuesday, June 30th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $249.62.
Goldman Sachs Group Company 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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