First Pacific Financial Buys 20 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

First Pacific Financial boosted its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 0.6% in the third quarter, HoldingsChannel reports. The firm owned 3,167 shares of the investment management company’s stock after acquiring an additional 20 shares during the period. The Goldman Sachs Group makes up approximately 0.4% of First Pacific Financial’s holdings, making the stock its 29th largest holding. First Pacific Financial’s holdings in The Goldman Sachs Group were worth $1,568,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. POM Investment Strategies LLC bought a new stake in shares of The Goldman Sachs Group during the 2nd quarter valued at $26,000. Semmax Financial Advisors Inc. purchased a new position in shares of The Goldman Sachs Group during the 2nd quarter valued at $26,000. Headlands Technologies LLC purchased a new position in shares of The Goldman Sachs Group during the 2nd quarter valued at $27,000. Versant Capital Management Inc lifted its stake in shares of The Goldman Sachs Group by 106.3% during the 1st quarter. Versant Capital Management Inc now owns 66 shares of the investment management company’s stock valued at $28,000 after buying an additional 34 shares in the last quarter. Finally, SJS Investment Consulting Inc. lifted its stake in shares of The Goldman Sachs Group by 103.3% during the 2nd quarter. SJS Investment Consulting Inc. now owns 61 shares of the investment management company’s stock valued at $28,000 after buying an additional 31 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Trading Down 0.0 %

GS stock traded down $0.15 during mid-day trading on Tuesday, reaching $522.60. The company had a trading volume of 4,523,741 shares, compared to its average volume of 2,219,836. 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 company has a market capitalization of $168.52 billion, a PE ratio of 20.49, a price-to-earnings-growth ratio of 0.77 and a beta of 1.36. The firm has a 50 day moving average of $494.34 and a 200 day moving average of $466.65. The Goldman Sachs Group, Inc. has a 12 month low of $289.36 and a 12 month high of $540.51.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Tuesday, October 15th. The investment management company reported $8.40 EPS for the quarter, topping analysts’ consensus estimates of $7.87 by $0.53. The business had revenue of $12.70 billion for the quarter, compared to the consensus estimate of $11.77 billion. The Goldman Sachs Group had a net margin of 9.36% and a return on equity of 10.56%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.47 EPS. On average, equities analysts predict 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 business also recently announced 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. This represents a $12.00 dividend on an annualized basis and a yield of 2.30%. The Goldman Sachs Group’s dividend payout ratio is currently 46.86%.

Wall Street Analyst Weigh In

GS has been the topic of several research analyst reports. Seaport Res Ptn cut shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 2nd. Keefe, Bruyette & Woods boosted their price target on shares of The Goldman Sachs Group from $485.00 to $520.00 and gave the stock an “outperform” rating in a research note on Thursday, June 27th. Wolfe Research upgraded shares of The Goldman Sachs Group to a “hold” rating in a report on Wednesday, September 18th. Royal Bank of Canada restated a “sector perform” rating and issued a $500.00 target price on shares of The Goldman Sachs Group in a report on Tuesday, July 30th. Finally, JPMorgan Chase & Co. boosted their target price on shares of The Goldman Sachs Group from $464.00 to $472.00 and gave the stock an “overweight” rating in a report on Monday, September 9th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, The Goldman Sachs Group presently has a consensus rating of “Moderate Buy” and an average 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.