Waterway Wealth Management LLC Boosts Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Waterway Wealth Management LLC raised its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 10.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 510 shares of the investment management company’s stock after purchasing an additional 50 shares during the period. Waterway Wealth Management LLC’s holdings in The Goldman Sachs Group were worth $253,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Northwest Investment Counselors LLC purchased a new position in shares of The Goldman Sachs Group in the first quarter worth $66,000. CHICAGO TRUST Co NA purchased a new stake in The Goldman Sachs Group in the 1st quarter worth approximately $211,000. Mcdonald Partners LLC grew its holdings in The Goldman Sachs Group by 11.3% during the 1st quarter. Mcdonald Partners LLC now owns 3,692 shares of the investment management company’s stock valued at $1,542,000 after buying an additional 376 shares in the last quarter. CFM Wealth Partners LLC grew its holdings in The Goldman Sachs Group by 4.5% during the 1st quarter. CFM Wealth Partners LLC now owns 1,810 shares of the investment management company’s stock valued at $756,000 after buying an additional 78 shares in the last quarter. Finally, RMR Wealth Builders grew its holdings in The Goldman Sachs Group by 18.9% during the 1st quarter. RMR Wealth Builders now owns 3,069 shares of the investment management company’s stock valued at $1,282,000 after buying an additional 487 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Brian J. Lee sold 2,000 shares of the stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $530.90, for a total transaction of $1,061,800.00. Following the completion of the transaction, the insider now directly owns 10,095 shares of the company’s stock, valued at approximately $5,359,435.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.54% of the stock is owned by insiders.

Analyst Ratings Changes

GS has been the subject of a number of research reports. Bank of America increased their target price on The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. raised their price target on The Goldman Sachs Group from $472.00 to $520.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. JMP Securities lifted their target price on The Goldman Sachs Group from $525.00 to $550.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 9th. Seaport Res Ptn downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 2nd. Finally, Morgan Stanley raised their price target on The Goldman Sachs Group from $560.00 to $570.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, The Goldman Sachs Group has an average rating of “Moderate Buy” and an average price target of $524.69.

The Goldman Sachs Group Stock Performance

Shares of NYSE:GS opened at $517.87 on Tuesday. The Goldman Sachs Group, Inc. has a 12 month low of $289.36 and a 12 month high of $540.51. The business has a 50-day moving average of $498.80 and a two-hundred day moving average of $470.64. 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 firm has a market capitalization of $166.99 billion, a PE ratio of 20.22, a P/E/G ratio of 0.77 and a beta of 1.36.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Tuesday, October 15th. The investment management company reported $8.40 EPS for the quarter, beating analysts’ consensus estimates of $6.89 by $1.51. The Goldman Sachs Group had a return on equity of 10.56% and a net margin of 9.36%. The firm had revenue of $12.70 billion during the quarter, compared to the consensus estimate of $11.77 billion. During the same quarter in the prior year, the business posted $5.47 earnings per share. The Goldman Sachs Group’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, research analysts forecast that The Goldman Sachs Group, Inc. will post 35.52 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 2nd will be given a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend is Monday, December 2nd. The Goldman Sachs Group’s payout ratio is 46.86%.

The Goldman Sachs Group Company 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.