Vest Financial LLC Purchases 1,000 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Vest Financial LLC boosted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 196.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,510 shares of the investment management company’s stock after buying an additional 1,000 shares during the quarter. Vest Financial LLC’s holdings in The Goldman Sachs Group were worth $748,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in GS. West Branch Capital LLC bought a new position in The Goldman Sachs Group during the 3rd quarter valued at approximately $30,000. Cyndeo Wealth Partners LLC increased its stake in shares of The Goldman Sachs Group by 14.2% during the third quarter. Cyndeo Wealth Partners LLC now owns 3,769 shares of the investment management company’s stock valued at $1,866,000 after buying an additional 468 shares during the period. Werba Rubin Papier Wealth Management bought a new position in shares of The Goldman Sachs Group during the third quarter valued at approximately $211,000. Resonant Capital Advisors LLC lifted its stake in The Goldman Sachs Group by 36.3% in the third quarter. Resonant Capital Advisors LLC now owns 668 shares of the investment management company’s stock worth $331,000 after acquiring an additional 178 shares during the period. Finally, Revolve Wealth Partners LLC boosted its holdings in The Goldman Sachs Group by 15.8% in the third quarter. Revolve Wealth Partners LLC now owns 830 shares of the investment management company’s stock valued at $411,000 after acquiring an additional 113 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Performance

Shares of NYSE GS opened at $517.87 on Tuesday. The firm’s 50-day moving average price is $498.80 and its 200-day moving average price is $470.64. The Goldman Sachs Group, Inc. has a 52-week low of $289.36 and a 52-week high of $540.51. The company has a market cap of $166.99 billion, a PE ratio of 20.22, a PEG ratio of 0.77 and a beta of 1.36. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.20.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Tuesday, October 15th. The investment management company reported $8.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.89 by $1.51. The company had revenue of $12.70 billion for the quarter, compared to analysts’ expectations of $11.77 billion. The Goldman Sachs Group had a net margin of 9.36% and a return on equity of 10.56%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the company posted $5.47 earnings per share. As a group, analysts anticipate that The Goldman Sachs Group, Inc. will post 35.52 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 2nd will be given a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend is Monday, December 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 46.86%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Morgan Stanley raised their target price on shares of The Goldman Sachs Group from $560.00 to $570.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Citigroup lifted their price objective on The Goldman Sachs Group from $460.00 to $485.00 and gave the company a “neutral” rating in a research report on Tuesday, July 16th. Bank of America increased their target price on The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Wolfe Research upgraded The Goldman Sachs Group to a “hold” rating in a research report on Wednesday, September 18th. Finally, Barclays increased their price objective on The Goldman Sachs Group from $565.00 to $588.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $524.69.

Insider Buying and Selling at The Goldman Sachs Group

In other news, insider Brian J. Lee sold 2,000 shares of the company’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $530.90, for a total transaction of $1,061,800.00. Following the completion of the sale, the insider now owns 10,095 shares of the company’s stock, valued at $5,359,435.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.54% of the stock is owned by corporate insiders.

The Goldman Sachs Group Profile

The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.