GPS Wealth Strategies Group LLC Invests $33,000 in The Goldman Sachs Group, Inc. (NYSE:GS)


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GPS Wealth Strategies Group LLC acquired a new stake in The Goldman Sachs Group, Inc. (NYSE:GS) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 101 shares of the investment management company’s stock, valued at approximately $33,000.

Other large investors have also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale lifted its stake in The Goldman Sachs Group by 22.5% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 72,719 shares of the investment management company’s stock valued at $18,893,000 after acquiring an additional 13,361 shares in the last quarter. Kestra Advisory Services LLC increased its holdings in The Goldman Sachs Group by 50.4% in the 4th quarter. Kestra Advisory Services LLC now owns 19,914 shares of the investment management company’s stock worth $5,167,000 after acquiring an additional 6,674 shares during the last quarter. Mitchell Capital Management Co. grew its holdings in The Goldman Sachs Group by 119.4% during the 4th quarter. Mitchell Capital Management Co. now owns 8,177 shares of the investment management company’s stock valued at $2,156,000 after buying an additional 4,450 shares in the last quarter. Amundi Pioneer Asset Management Inc. boosted its position in shares of The Goldman Sachs Group by 15.4% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 419,866 shares of the investment management company’s stock valued at $110,724,000 after acquiring an additional 56,037 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC lifted its position in The Goldman Sachs Group by 216.4% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 93,176 shares of the investment management company’s stock worth $18,726,000 after buying an additional 63,726 shares during the last quarter. 68.05% of the stock is owned by institutional investors and hedge funds.

In other The Goldman Sachs Group news, insider Laurence Stein sold 10,748 shares of the company’s stock in a transaction dated Tuesday, February 2nd. The stock was sold at an average price of $277.93, for a total value of $2,987,191.64. Also, EVP John F.W. Rogers sold 10,000 shares of the stock in a transaction dated Friday, February 19th. The shares were sold at an average price of $313.25, for a total value of $3,132,500.00. Over the last quarter, insiders have sold 40,748 shares of company stock worth $12,371,892. 0.60% of the stock is owned by corporate insiders.

Shares of The Goldman Sachs Group stock opened at $330.85 on Friday. The firm has a market cap of $114.41 billion, a P/E ratio of 13.94, a price-to-earnings-growth ratio of 0.65 and a beta of 1.50. The Goldman Sachs Group, Inc. has a twelve month low of $165.36 and a twelve month high of $356.85. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.73 and a current ratio of 0.73. The firm’s 50-day simple moving average is $334.67 and its 200-day simple moving average is $274.02.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Tuesday, April 13th. The investment management company reported $18.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $10.22 by $8.38. The Goldman Sachs Group had a net margin of 16.65% and a return on equity of 11.23%. The business had revenue of $17.70 billion during the quarter, compared to the consensus estimate of $11.74 billion. During the same period in the previous year, the firm posted $3.11 earnings per share. The Goldman Sachs Group’s revenue for the quarter was up 102.4% compared to the same quarter last year. On average, equities analysts forecast that The Goldman Sachs Group, Inc. will post 26.26 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 29th. Stockholders of record on Tuesday, June 1st will be paid a $1.25 dividend. The ex-dividend date of this dividend is Friday, May 28th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.51%. The Goldman Sachs Group’s payout ratio is currently 23.78%.

GS has been the topic of a number of analyst reports. Piper Sandler lifted their price objective on The Goldman Sachs Group from $365.00 to $385.00 and gave the company an “overweight” rating in a research report on Wednesday. UBS Group downgraded The Goldman Sachs Group from a “buy” rating to a “neutral” rating and upped their target price for the stock from $320.00 to $340.00 in a research note on Thursday, April 1st. Credit Suisse Group increased their price target on The Goldman Sachs Group from $395.00 to $400.00 and gave the stock an “outperform” rating in a research report on Wednesday. Barclays raised their price target on The Goldman Sachs Group from $420.00 to $437.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Daiwa Capital Markets assumed coverage on The Goldman Sachs Group in a research note on Wednesday, January 6th. They issued an “outperform” rating and a $300.00 price target on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $351.23.

The Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc, a financial institution, provides range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through four segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The company's Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and middle-market lending, relationship lending, and acquisition financing, as well as transaction banking services.

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

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