The Goldman Sachs Group, Inc. (NYSE:GS) Stock Position Raised by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. lifted its stake in The Goldman Sachs Group, Inc. (NYSE:GS – Get Rating) by 37.1% during the third quarter, Holdings Channel reports. The fund owned 14,155 shares of the investment management company’s stock after acquiring an additional 3,827 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in The Goldman Sachs Group were worth $4,148,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in GS. Price T Rowe Associates Inc. MD raised its position in The Goldman Sachs Group by 1.4% in the 3rd quarter. Price T Rowe Associates Inc. MD now owns 9,478,109 shares of the investment management company’s stock valued at $2,786,361,000 after purchasing an additional 126,277 shares during the last quarter. Dodge & Cox grew its stake in The Goldman Sachs Group by 0.5% in the second quarter. Dodge & Cox now owns 7,708,324 shares of the investment management company’s stock valued at $2,289,526,000 after acquiring an additional 37,015 shares during the period. Bank of New York Mellon Corp grew its stake in The Goldman Sachs Group by 1.1% in the third quarter. Bank of New York Mellon Corp now owns 4,764,509 shares of the investment management company’s stock valued at $1,396,236,000 after acquiring an additional 52,016 shares during the period. Fisher Asset Management LLC grew its stake in The Goldman Sachs Group by 44.3% in the third quarter. Fisher Asset Management LLC now owns 4,743,628 shares of the investment management company’s stock valued at $1,390,120,000 after acquiring an additional 1,456,801 shares during the period. Finally, Legal & General Group Plc boosted its position in shares of The Goldman Sachs Group by 5.2% during the second quarter. Legal & General Group Plc now owns 2,563,870 shares of the investment management company’s stock worth $761,526,000 after buying an additional 126,619 shares during the period. 69.09% of the stock is owned by institutional investors.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the business’s stock in a transaction dated Tuesday, March 14th. The shares were sold at an average price of $6.43, for a total value of $25,720,000.00. Following the completion of the sale, the insider now directly owns 17,099,784 shares of the company’s stock, valued at approximately $109,951,611.12. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.57% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on GS shares. BMO Capital Markets reduced their price objective on The Goldman Sachs Group from $485.00 to $443.00 and set an “outperform” rating for the company in a research report on Wednesday, January 18th. Wells Fargo & Company upped their target price on The Goldman Sachs Group from $390.00 to $420.00 and gave the company an “overweight” rating in a research report on Wednesday, February 8th. JMP Securities reissued a “market outperform” rating and set a $470.00 price target on shares of The Goldman Sachs Group in a research report on Monday. JPMorgan Chase & Co. raised their target price on The Goldman Sachs Group from $385.00 to $405.00 and gave the company an “overweight” rating in a report on Tuesday, December 6th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on The Goldman Sachs Group from $370.00 to $345.00 in a report on Friday, January 6th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $399.24.

The Goldman Sachs Group Stock Up 0.9 %

Shares of NYSE:GS opened at $315.09 on Friday. The Goldman Sachs Group, Inc. has a 52-week low of $277.84 and a 52-week high of $389.58. The firm has a fifty day moving average of $356.19 and a 200 day moving average of $346.56. The firm has a market capitalization of $105.69 billion, a PE ratio of 10.48, a price-to-earnings-growth ratio of 0.62 and a beta of 1.42. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.90 and a current ratio of 0.90.

The Goldman Sachs Group (NYSE:GS – Get Rating) last released its quarterly earnings results on Tuesday, January 17th. The investment management company reported $3.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.25 by ($1.93). The Goldman Sachs Group had a return on equity of 10.55% and a net margin of 16.39%. The company had revenue of $10.59 billion during the quarter, compared to the consensus estimate of $10.91 billion. During the same period in the previous year, the company earned $10.81 earnings per share. The Goldman Sachs Group’s quarterly revenue was down 16.2% on a year-over-year basis. As a group, research analysts anticipate that The Goldman Sachs Group, Inc. will post 33.14 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 30th. Stockholders of record on Thursday, March 2nd will be given a dividend of $2.50 per share. The ex-dividend date is Wednesday, March 1st. This represents a $10.00 annualized dividend and a dividend yield of 3.17%. The Goldman Sachs Group’s payout ratio is 33.27%.

The Goldman Sachs Group Profile

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The Goldman Sachs Group, Inc engages in global investment banking, securities, and investment management, which provides financial services. It operates through the following business segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The Investment Banking segment serves public and private sector clients around the world and provides financial advisory services, helping companies raise capital to strengthen and grow their businesses and provide financing to corporate clients.