Stratos Wealth Partners LTD. Raises Holdings in The Goldman Sachs Group, Inc. $GS

Stratos Wealth Partners LTD. raised its holdings in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 71.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,461 shares of the investment management company’s stock after purchasing an additional 3,942 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in The Goldman Sachs Group were worth $7,535,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Stratos Wealth Advisors LLC raised its holdings in The Goldman Sachs Group by 9.3% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 942 shares of the investment management company’s stock valued at $750,000 after buying an additional 80 shares during the period. Stratos Investment Management LLC boosted its stake in The Goldman Sachs Group by 6.2% during the third quarter. Stratos Investment Management LLC now owns 618 shares of the investment management company’s stock worth $493,000 after buying an additional 36 shares during the period. BlueChip Wealth Advisors LLC acquired a new stake in shares of The Goldman Sachs Group during the third quarter valued at about $282,000. Cove Private Wealth LLC raised its stake in shares of The Goldman Sachs Group by 8.3% in the 3rd quarter. Cove Private Wealth LLC now owns 325 shares of the investment management company’s stock valued at $259,000 after acquiring an additional 25 shares during the period. Finally, Wealthstream Advisors Inc. lifted its holdings in shares of The Goldman Sachs Group by 1.3% in the 3rd quarter. Wealthstream Advisors Inc. now owns 1,522 shares of the investment management company’s stock worth $1,212,000 after acquiring an additional 20 shares during the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GS has been the subject of several research reports. Royal Bank Of Canada lifted their target price on shares of The Goldman Sachs Group from $900.00 to $1,030.00 and gave the company a “sector perform” rating in a report on Tuesday, January 20th. JPMorgan Chase & Co. raised their price target on The Goldman Sachs Group from $750.00 to $775.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Evercore reaffirmed an “outperform” rating on shares of The Goldman Sachs Group in a research note on Friday, January 16th. BMO Capital Markets increased their target price on The Goldman Sachs Group from $980.00 to $985.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 20th. Finally, Autonomous Res dropped their target price on The Goldman Sachs Group from $1,047.00 to $960.00 and set an “outperform” rating for the company in a research report on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and fifteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $916.86.

View Our Latest Analysis on The Goldman Sachs Group

The Goldman Sachs Group Price Performance

GS stock opened at $945.93 on Thursday. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.13 and a quick ratio of 0.65. The firm has a market capitalization of $283.71 billion, a P/E ratio of 18.44, a P/E/G ratio of 1.16 and a beta of 1.34. The business’s 50-day moving average is $916.78 and its two-hundred day moving average is $821.46. The Goldman Sachs Group, Inc. has a 1 year low of $439.38 and a 1 year high of $984.70.

The Goldman Sachs Group (NYSE:GSGet Free Report) last announced its quarterly earnings data on Thursday, January 15th. The investment management company reported $13.55 EPS for the quarter, topping analysts’ consensus estimates of $11.52 by $2.03. The Goldman Sachs Group had a return on equity of 15.19% and a net margin of 13.73%.The business had revenue of $15.71 billion during the quarter, compared to the consensus estimate of $14.30 billion. During the same period in the previous year, the company posted $11.95 earnings per share. The business’s revenue for the quarter was down 3.0% on a year-over-year basis. Analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 2nd will be given a dividend of $4.50 per share. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $18.00 annualized dividend and a dividend yield of 1.9%. The Goldman Sachs Group’s dividend payout ratio is presently 35.09%.

Insider Activity

In other news, CFO Denis P. Coleman sold 11,623 shares of the stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $941.57, for a total value of $10,943,868.11. Following the transaction, the chief financial officer owned 29,342 shares in the company, valued at approximately $27,627,546.94. This represents a 28.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Treasurer Carey Halio sold 2,846 shares of the business’s stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $927.17, for a total value of $2,638,725.82. Following the sale, the treasurer owned 2,017 shares of the company’s stock, valued at approximately $1,870,101.89. The trade was a 58.52% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 101,428 shares of company stock valued at $96,805,313. Insiders own 0.55% of the company’s stock.

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About The Goldman Sachs Group

(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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