Procyon Advisors LLC Acquires 43 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Procyon Advisors LLC grew its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 5.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 830 shares of the investment management company’s stock after purchasing an additional 43 shares during the quarter. Procyon Advisors LLC’s holdings in The Goldman Sachs Group were worth $411,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in GS. POM Investment Strategies LLC bought a new position in The Goldman Sachs Group in the 2nd quarter worth approximately $26,000. Semmax Financial Advisors Inc. bought a new position in shares of The Goldman Sachs Group in the 2nd quarter valued at about $26,000. Headlands Technologies LLC acquired a new stake in shares of The Goldman Sachs Group during the 2nd quarter worth approximately $27,000. SJS Investment Consulting Inc. raised its stake in shares of The Goldman Sachs Group by 103.3% during the second quarter. SJS Investment Consulting Inc. now owns 61 shares of the investment management company’s stock worth $28,000 after buying an additional 31 shares during the last quarter. Finally, Quest Partners LLC lifted its holdings in The Goldman Sachs Group by 6,300.0% in the second quarter. Quest Partners LLC now owns 64 shares of the investment management company’s stock valued at $29,000 after buying an additional 63 shares during the period. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Down 0.0 %

GS stock opened at $522.60 on Wednesday. The company has a debt-to-equity ratio of 2.20, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market capitalization of $168.52 billion, a P/E ratio of 20.41, a P/E/G ratio of 0.77 and a beta of 1.36. The Goldman Sachs Group, Inc. has a fifty-two week low of $289.36 and a fifty-two week high of $540.51. The business has a 50-day moving average of $495.39 and a 200-day moving average of $467.39.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Tuesday, October 15th. The investment management company reported $8.40 earnings per share for the quarter, topping the consensus estimate of $7.87 by $0.53. The company had revenue of $12.70 billion during the quarter, compared to analysts’ expectations of $11.77 billion. The Goldman Sachs Group had a net margin of 9.36% and a return on equity of 10.56%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period last year, the business earned $5.47 EPS. On average, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 35.52 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 2nd will be given a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 2.30%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 46.86%.

Analyst Upgrades and Downgrades

GS has been the subject of several recent research reports. Oppenheimer upped their target price on shares of The Goldman Sachs Group from $548.00 to $577.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. upped their price objective on The Goldman Sachs Group from $464.00 to $472.00 and gave the company an “overweight” rating in a report on Monday, September 9th. JMP Securities raised their target price on The Goldman Sachs Group from $525.00 to $550.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 9th. Keefe, Bruyette & Woods upped their price target on The Goldman Sachs Group from $485.00 to $520.00 and gave the company an “outperform” rating in a research note on Thursday, June 27th. Finally, Wolfe Research raised shares of The Goldman Sachs Group to a “hold” rating in a research note on Wednesday, September 18th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, The Goldman Sachs Group presently has an average rating of “Moderate Buy” and a consensus price target of $504.75.

The Goldman Sachs Group Profile

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.