Olistico Wealth LLC Purchases 112 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Olistico Wealth LLC lifted its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 11.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,111 shares of the investment management company’s stock after buying an additional 112 shares during the quarter. Olistico Wealth LLC’s holdings in The Goldman Sachs Group were worth $550,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. POM Investment Strategies LLC acquired a new position in shares of The Goldman Sachs Group during the second quarter worth approximately $26,000. Semmax Financial Advisors Inc. acquired a new position in shares of The Goldman Sachs Group during the second quarter worth approximately $26,000. Headlands Technologies LLC acquired a new position in shares of The Goldman Sachs Group in the second quarter valued at $27,000. Versant Capital Management Inc raised its stake in shares of The Goldman Sachs Group by 106.3% in the first quarter. Versant Capital Management Inc now owns 66 shares of the investment management company’s stock valued at $28,000 after purchasing an additional 34 shares in the last quarter. Finally, SJS Investment Consulting Inc. raised its stake in shares of The Goldman Sachs Group by 103.3% in the second quarter. SJS Investment Consulting Inc. now owns 61 shares of the investment management company’s stock valued at $28,000 after purchasing an additional 31 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Up 0.4 %

Shares of The Goldman Sachs Group stock opened at $496.57 on Wednesday. The business’s 50 day simple moving average is $492.33 and its 200 day simple moving average is $463.18. The Goldman Sachs Group, Inc. has a 52-week low of $289.36 and a 52-week high of $517.26. The firm has a market cap of $160.13 billion, a PE ratio of 19.39, a P/E/G ratio of 0.78 and a beta of 1.36. The company has a debt-to-equity ratio of 2.20, a quick ratio of 0.72 and a current ratio of 0.72.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Monday, July 15th. The investment management company reported $8.62 earnings per share for the quarter, beating analysts’ consensus estimates of $8.52 by $0.10. The firm had revenue of $12.73 billion during the quarter, compared to the consensus estimate of $12.60 billion. The Goldman Sachs Group had a return on equity of 10.56% and a net margin of 9.36%. On average, analysts predict that The Goldman Sachs Group, Inc. will post 35.43 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 30th were paid a dividend of $3.00 per share. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $2.75. This represents a $12.00 annualized dividend and a dividend yield of 2.42%. The ex-dividend date was Friday, August 30th. The Goldman Sachs Group’s payout ratio is currently 46.86%.

Insider Transactions at The Goldman Sachs Group

In related news, Director Thomas K. Montag sold 10,000 shares of the business’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $505.04, for a total value of $5,050,400.00. Following the completion of the sale, the director now directly owns 12,450 shares in the company, valued at $6,287,748. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other The Goldman Sachs Group news, Director Thomas K. Montag sold 10,000 shares of The Goldman Sachs Group stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $505.04, for a total value of $5,050,400.00. Following the completion of the transaction, the director now directly owns 12,450 shares of the company’s stock, valued at $6,287,748. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian J. Lee sold 3,500 shares of The Goldman Sachs Group stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $505.99, for a total value of $1,770,965.00. Following the completion of the transaction, the insider now directly owns 12,095 shares of the company’s stock, valued at $6,119,949.05. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on GS. Wells Fargo & Company upped their target price on The Goldman Sachs Group from $504.00 to $550.00 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. Seaport Res Ptn lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 2nd. Morgan Stanley increased their target price on The Goldman Sachs Group from $513.00 to $561.00 and gave the stock an “overweight” rating in a report on Tuesday, July 30th. Barclays increased their target price on The Goldman Sachs Group from $493.00 to $565.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Finally, UBS Group increased their target price on The Goldman Sachs Group from $550.00 to $560.00 and gave the stock a “buy” rating in a report on Tuesday. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, The Goldman Sachs Group presently has an average rating of “Moderate Buy” and an average target price of $499.13.

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.