Financial Management Network Inc. Has $360,000 Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Financial Management Network Inc. raised its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 5.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 728 shares of the investment management company’s stock after acquiring an additional 35 shares during the quarter. Financial Management Network Inc.’s holdings in The Goldman Sachs Group were worth $360,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Blackston Financial Advisory Group LLC boosted its holdings in The Goldman Sachs Group by 66.8% in the third quarter. Blackston Financial Advisory Group LLC now owns 814 shares of the investment management company’s stock valued at $403,000 after acquiring an additional 326 shares during the last quarter. Ballentine Partners LLC boosted its stake in The Goldman Sachs Group by 3.5% in the third quarter. Ballentine Partners LLC now owns 8,070 shares of the investment management company’s stock valued at $3,995,000 after acquiring an additional 276 shares during the last quarter. Busey Bank grew its holdings in The Goldman Sachs Group by 1.3% during the 3rd quarter. Busey Bank now owns 35,265 shares of the investment management company’s stock worth $17,460,000 after acquiring an additional 437 shares during the period. Mainstay Capital Management LLC ADV raised its position in shares of The Goldman Sachs Group by 22.7% during the 3rd quarter. Mainstay Capital Management LLC ADV now owns 3,303 shares of the investment management company’s stock valued at $1,635,000 after acquiring an additional 610 shares during the last quarter. Finally, Dakota Wealth Management lifted its stake in shares of The Goldman Sachs Group by 2.0% in the 3rd quarter. Dakota Wealth Management now owns 16,223 shares of the investment management company’s stock valued at $8,032,000 after purchasing an additional 325 shares during the period. 71.21% of the stock is owned by institutional investors.

The Goldman Sachs Group Stock Up 0.1 %

Shares of The Goldman Sachs Group stock traded up $0.70 during trading hours on Friday, reaching $525.20. 170,290 shares of the company’s stock were exchanged, compared to its average volume of 2,198,706. The stock has a market cap of $169.36 billion, a P/E ratio of 20.48, a P/E/G ratio of 0.77 and a beta of 1.36. The company has a 50 day moving average of $499.70 and a two-hundred day moving average of $471.74. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.20. The Goldman Sachs Group, Inc. has a fifty-two week low of $289.36 and a fifty-two week high of $540.51.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Tuesday, October 15th. The investment management company reported $8.40 earnings per share 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 period last year, the company earned $5.47 earnings per share. The business’s revenue was up 7.4% compared to the same quarter last year. On average, sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 35.52 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 2nd will be given a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 2.28%. The ex-dividend date is Monday, December 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 46.86%.

Wall Street Analysts Forecast Growth

GS has been the subject of a number of recent analyst reports. Oppenheimer upped their price objective on The Goldman Sachs Group from $577.00 to $614.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Bank of America upped their target price on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Wolfe Research upgraded shares of The Goldman Sachs Group to a “hold” rating in a research report on Wednesday, September 18th. JPMorgan Chase & Co. increased their price target on The Goldman Sachs Group from $472.00 to $520.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Finally, Barclays lifted their price objective on The Goldman Sachs Group from $565.00 to $588.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Five investment 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, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $524.69.

Insiders Place Their Bets

In other news, insider Brian J. Lee sold 2,000 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 10,095 shares in the company, valued at $5,359,435.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.54% of the company’s stock.

About The Goldman Sachs Group

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.