Catalyst Financial Partners LLC Has $696,000 Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Catalyst Financial Partners LLC raised its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 6.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,406 shares of the investment management company’s stock after purchasing an additional 83 shares during the period. Catalyst Financial Partners LLC’s holdings in The Goldman Sachs Group were worth $696,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Semmax Financial Advisors Inc. bought a new stake in shares of The Goldman Sachs Group in the second quarter worth $26,000. POM Investment Strategies LLC bought a new stake in shares of The Goldman Sachs Group in the second quarter worth $26,000. Headlands Technologies LLC bought a new stake in shares of The Goldman Sachs Group in the second quarter worth $27,000. SJS Investment Consulting Inc. grew 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 worth $28,000 after purchasing an additional 31 shares during the last quarter. Finally, West Branch Capital LLC bought a new stake in shares of The Goldman Sachs Group in the third quarter worth $30,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Brian J. Lee sold 2,000 shares of the stock in a transaction that occurred on Thursday, October 17th. The shares were 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 $5,359,435.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.57% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of The Goldman Sachs Group from $560.00 to $570.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Wells Fargo & Company upped their price target on shares of The Goldman Sachs Group from $504.00 to $550.00 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. Royal Bank of Canada reiterated a “sector perform” rating and set a $500.00 price objective on shares of The Goldman Sachs Group in a report on Tuesday, July 30th. Wolfe Research upgraded shares of The Goldman Sachs Group to a “hold” rating in a report on Wednesday, September 18th. Finally, JPMorgan Chase & Co. upped their price objective on shares of The Goldman Sachs Group from $472.00 to $520.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, The Goldman Sachs Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $524.69.

The Goldman Sachs Group Trading Up 0.0 %

NYSE:GS opened at $524.40 on Thursday. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.72 and a current ratio of 1.11. The firm has a market cap of $165.61 billion, a price-to-earnings ratio of 15.39, a price-to-earnings-growth ratio of 0.75 and a beta of 1.36. The Goldman Sachs Group, Inc. has a 52 week low of $300.70 and a 52 week high of $540.51. The firm has a 50-day moving average price of $501.86 and a two-hundred day moving average price of $475.93.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Tuesday, October 15th. The investment management company reported $8.40 EPS for the quarter, beating the consensus estimate of $6.89 by $1.51. The firm had revenue of $12.70 billion during the quarter, compared to analyst estimates of $11.77 billion. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.05%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the business posted $5.47 EPS. On average, equities analysts expect that The Goldman Sachs Group, Inc. will post 37.14 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 2nd will be paid a $3.00 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $12.00 annualized dividend and a yield of 2.29%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 35.21%.

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.