O ROURKE & COMPANY Inc Raises Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

O ROURKE & COMPANY Inc lifted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 3.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,316 shares of the investment management company’s stock after purchasing an additional 99 shares during the period. The Goldman Sachs Group comprises about 0.8% of O ROURKE & COMPANY Inc’s holdings, making the stock its 29th largest position. O ROURKE & COMPANY Inc’s holdings in The Goldman Sachs Group were worth $1,642,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Semmax Financial Advisors Inc. purchased a new position in The Goldman Sachs Group during the 2nd quarter worth $26,000. POM Investment Strategies LLC purchased a new position in shares of The Goldman Sachs Group during the second quarter worth about $26,000. Headlands Technologies LLC purchased a new position in shares of The Goldman Sachs Group during the second quarter worth about $27,000. SJS Investment Consulting Inc. increased its position in The Goldman Sachs Group by 103.3% in the 2nd quarter. SJS Investment Consulting Inc. now owns 61 shares of the investment management company’s stock valued at $28,000 after acquiring an additional 31 shares during the period. Finally, West Branch Capital LLC purchased a new stake in The Goldman Sachs Group during the 3rd quarter valued at approximately $30,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at The Goldman Sachs Group

In other news, insider Brian J. Lee sold 2,000 shares of the business’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $530.90, for a total value of $1,061,800.00. Following the completion of the transaction, the insider now directly owns 10,095 shares of the company’s stock, valued at $5,359,435.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.57% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on GS. JMP Securities lifted their target price on The Goldman Sachs Group from $525.00 to $550.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 9th. BMO Capital Markets boosted their price objective on shares of The Goldman Sachs Group from $360.00 to $373.00 and gave the company a “market perform” rating in a research note on Wednesday, July 17th. 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 note on Wednesday, October 16th. Bank of America boosted their price target on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Finally, Wells Fargo & Company raised their price objective on shares of The Goldman Sachs Group from $504.00 to $550.00 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, The Goldman Sachs Group has an average rating of “Moderate Buy” and an average price target of $524.69.

Read Our Latest Analysis on The Goldman Sachs Group

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock traded down $7.44 during trading hours on Thursday, hitting $516.96. The stock had a trading volume of 576,894 shares, compared to its average volume of 2,187,387. The Goldman Sachs Group, Inc. has a 1-year low of $300.70 and a 1-year high of $540.51. The stock has a market capitalization of $163.26 billion, a price-to-earnings ratio of 15.25, a PEG ratio of 0.75 and a beta of 1.36. The stock’s fifty day moving average is $501.86 and its two-hundred day moving average is $475.93. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.11 and a quick ratio of 0.72.

The Goldman Sachs Group (NYSE:GSGet Free Report) last issued its quarterly earnings data on Tuesday, October 15th. The investment management company reported $8.40 EPS for the quarter, beating analysts’ consensus estimates of $6.89 by $1.51. The firm 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 9.89% and a return on equity of 11.05%. The firm’s revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the company earned $5.47 EPS. As a group, analysts predict that The Goldman Sachs Group, Inc. will post 37.14 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 2nd will be paid a $3.00 dividend. 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 payout ratio is currently 35.21%.

The Goldman Sachs Group Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding GS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Goldman Sachs Group, Inc. (NYSE:GSFree Report).

Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

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