Franklin Street Advisors Inc. NC Has $43.60 Million Position in The Goldman Sachs Group, Inc. $GS

Franklin Street Advisors Inc. NC increased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 1.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,752 shares of the investment management company’s stock after acquiring an additional 907 shares during the period. The Goldman Sachs Group comprises 2.5% of Franklin Street Advisors Inc. NC’s holdings, making the stock its 11th largest holding. Franklin Street Advisors Inc. NC’s holdings in The Goldman Sachs Group were worth $43,602,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC increased its stake in shares of The Goldman Sachs Group by 617,504.5% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 29,058,291 shares of the investment management company’s stock valued at $20,566,005,000 after purchasing an additional 29,053,586 shares during the last quarter. Fisher Asset Management LLC lifted its position in shares of The Goldman Sachs Group by 3.6% during the 2nd quarter. Fisher Asset Management LLC now owns 6,539,746 shares of the investment management company’s stock worth $4,628,507,000 after buying an additional 227,604 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in The Goldman Sachs Group by 4.9% in the second quarter. Bank of New York Mellon Corp now owns 3,379,900 shares of the investment management company’s stock valued at $2,392,124,000 after buying an additional 157,473 shares in the last quarter. Norges Bank bought a new position in The Goldman Sachs Group in the second quarter valued at about $2,138,031,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in The Goldman Sachs Group by 6.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,084,108 shares of the investment management company’s stock worth $1,138,527,000 after acquiring an additional 120,272 shares in the last quarter. 71.21% of the stock is owned by institutional investors.

Key Headlines Impacting The Goldman Sachs Group

Here are the key news stories impacting The Goldman Sachs Group this week:

The Goldman Sachs Group Stock Performance

NYSE GS opened at $893.83 on Friday. The company has a market capitalization of $268.09 billion, a price-to-earnings ratio of 18.16, a PEG ratio of 1.16 and a beta of 1.36. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 2.53. The Goldman Sachs Group, Inc. has a twelve month low of $439.38 and a twelve month high of $919.10. The stock has a fifty day simple moving average of $810.10 and a 200 day simple moving average of $752.84.

The Goldman Sachs Group (NYSE:GSGet Free Report) last announced its earnings results on Tuesday, October 14th. The investment management company reported $12.25 EPS for the quarter, topping the consensus estimate of $10.27 by $1.98. The firm had revenue of $15.18 billion for the quarter, compared to the consensus estimate of $13.68 billion. The Goldman Sachs Group had a return on equity of 15.29% and a net margin of 13.18%.The business’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the business earned $8.40 EPS. Sell-side analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 2nd will be issued a $4.00 dividend. The ex-dividend date is Tuesday, December 2nd. This represents a $16.00 annualized dividend and a yield of 1.8%. The Goldman Sachs Group’s dividend payout ratio is presently 32.50%.

Wall Street Analyst Weigh In

GS has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of The Goldman Sachs Group from $725.00 to $790.00 and gave the company a “hold” rating in a research note on Tuesday, September 30th. Barclays raised their target price on shares of The Goldman Sachs Group from $720.00 to $850.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $750.00 price target (up from $625.00) on shares of The Goldman Sachs Group in a report on Tuesday, October 21st. HSBC raised their price objective on The Goldman Sachs Group from $652.00 to $677.00 in a report on Thursday, October 2nd. Finally, Rothschild & Co Redburn upped their target price on The Goldman Sachs Group from $608.00 to $748.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. Four analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $792.67.

Read Our Latest Report on The Goldman Sachs Group

The Goldman Sachs Group Profile

(Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

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

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