Vanguard Capital Wealth Advisors Buys Shares of 950 Goldman Sachs Group Inc (GS)

Vanguard Capital Wealth Advisors bought a new position in shares of Goldman Sachs Group Inc (NYSE:GS) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 950 shares of the investment management company’s stock, valued at approximately $213,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Cornerstone Wealth Management LLC raised its holdings in shares of Goldman Sachs Group by 194.9% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 194,238 shares of the investment management company’s stock valued at $800,000 after purchasing an additional 128,377 shares in the last quarter. Kistler Tiffany Companies LLC raised its holdings in shares of Goldman Sachs Group by 29.4% in the 3rd quarter. Kistler Tiffany Companies LLC now owns 1,061 shares of the investment management company’s stock valued at $238,000 after purchasing an additional 241 shares in the last quarter. Jolley Asset Management LLC raised its holdings in shares of Goldman Sachs Group by 148.1% in the 3rd quarter. Jolley Asset Management LLC now owns 2,865 shares of the investment management company’s stock valued at $642,000 after purchasing an additional 1,710 shares in the last quarter. Baskin Financial Services Inc. raised its holdings in shares of Goldman Sachs Group by 1.7% in the 3rd quarter. Baskin Financial Services Inc. now owns 46,036 shares of the investment management company’s stock valued at $10,323,000 after purchasing an additional 751 shares in the last quarter. Finally, Strategic Advisors LLC raised its holdings in shares of Goldman Sachs Group by 11.2% in the 3rd quarter. Strategic Advisors LLC now owns 7,733 shares of the investment management company’s stock valued at $1,734,000 after purchasing an additional 780 shares in the last quarter. Institutional investors own 71.04% of the company’s stock.

In other Goldman Sachs Group news, insider David M. Solomon sold 8,488 shares of the firm’s stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $237.92, for a total transaction of $2,019,464.96. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 2.57% of the company’s stock.

Shares of NYSE GS traded up $1.61 during mid-day trading on Friday, reaching $226.56. The company had a trading volume of 113,953 shares, compared to its average volume of 3,155,157. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market capitalization of $86.19 billion, a price-to-earnings ratio of 11.47, a price-to-earnings-growth ratio of 0.72 and a beta of 1.28. Goldman Sachs Group Inc has a 52-week low of $210.95 and a 52-week high of $275.31.

Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Tuesday, October 16th. The investment management company reported $6.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $5.38 by $0.90. Goldman Sachs Group had a net margin of 16.68% and a return on equity of 13.57%. The company had revenue of $8.65 billion for the quarter, compared to the consensus estimate of $8.43 billion. During the same period last year, the firm posted $5.02 EPS. Goldman Sachs Group’s revenue for the quarter was up 3.8% on a year-over-year basis. As a group, sell-side analysts forecast that Goldman Sachs Group Inc will post 24.95 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, November 30th will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 1.41%. The ex-dividend date is Thursday, November 29th. Goldman Sachs Group’s payout ratio is currently 16.19%.

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Co restated a “buy” rating on shares of Goldman Sachs Group in a report on Thursday, September 20th. JPMorgan Chase & Co. restated a “buy” rating and issued a $285.00 price objective on shares of Goldman Sachs Group in a report on Monday, September 10th. Wolfe Research assumed coverage on shares of Goldman Sachs Group in a report on Tuesday, September 25th. They issued an “outperform” rating on the stock. Keefe, Bruyette & Woods reduced their price objective on shares of Goldman Sachs Group from $260.00 to $255.00 and set a “hold” rating on the stock in a report on Wednesday, July 18th. Finally, Credit Suisse Group upgraded shares of Goldman Sachs Group from a “neutral” rating to an “outperform” rating in a report on Tuesday, July 17th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $276.90.

About Goldman Sachs Group

The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through 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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Institutional Ownership by Quarter for Goldman Sachs Group (NYSE:GS)

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