BigSur Wealth Management LLC Has $837,000 Stake in Goldman Sachs Group, Inc. (The) (GS)

BigSur Wealth Management LLC held its stake in Goldman Sachs Group, Inc. (The) (NYSE:GS) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,595 shares of the investment management company’s stock at the end of the 2nd quarter. Goldman Sachs Group, Inc. (The) comprises 0.8% of BigSur Wealth Management LLC’s portfolio, making the stock its 27th largest position. BigSur Wealth Management LLC’s holdings in Goldman Sachs Group, Inc. (The) were worth $837,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in GS. BlackRock Inc. raised its holdings in Goldman Sachs Group, Inc. (The) by 3,301.2% in the first quarter. BlackRock Inc. now owns 24,569,536 shares of the investment management company’s stock worth $5,644,114,000 after purchasing an additional 23,847,154 shares in the last quarter. New England Asset Management Inc. increased its holdings in Goldman Sachs Group, Inc. (The) by 440.8% in the 1st quarter. New England Asset Management Inc. now owns 2,331,063 shares of the investment management company’s stock worth $535,492,000 after buying an additional 1,900,000 shares in the last quarter. Alliancebernstein L.P. increased its holdings in Goldman Sachs Group, Inc. (The) by 84.4% in the 1st quarter. Alliancebernstein L.P. now owns 3,221,215 shares of the investment management company’s stock worth $739,978,000 after buying an additional 1,474,433 shares in the last quarter. Harbour Capital Advisors LLC increased its holdings in Goldman Sachs Group, Inc. (The) by 22,290.9% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,113,050 shares of the investment management company’s stock worth $5,016,000 after buying an additional 1,108,079 shares in the last quarter. Finally, FMR LLC increased its holdings in Goldman Sachs Group, Inc. (The) by 10.9% in the 1st quarter. FMR LLC now owns 10,995,425 shares of the investment management company’s stock worth $2,525,869,000 after buying an additional 1,084,624 shares in the last quarter. 73.21% of the stock is owned by institutional investors.

Goldman Sachs Group, Inc. (NYSE:GS) opened at 242.48 on Wednesday. The stock has a market cap of $94.13 billion, a PE ratio of 12.63 and a beta of 1.41. The company’s 50-day moving average price is $237.29 and its 200-day moving average price is $226.49. Goldman Sachs Group, Inc. has a 12-month low of $174.73 and a 12-month high of $255.15.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last posted its earnings results on Tuesday, October 17th. The investment management company reported $5.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.17 by $0.85. The company had revenue of $8.33 billion during the quarter, compared to analysts’ expectations of $7.59 billion. Goldman Sachs Group, Inc. (The) had a return on equity of 11.32% and a net margin of 26.42%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the firm earned $4.88 earnings per share. On average, equities analysts expect that Goldman Sachs Group, Inc. will post $19.07 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, November 30th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $3.00 annualized dividend and a yield of 1.24%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio (DPR) is 15.63%.

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In other news, Director David A. Viniar sold 7,393 shares of the business’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $245.18, for a total transaction of $1,812,615.74. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider David M. Solomon sold 3,260 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $231.59, for a total value of $754,983.40. Following the sale, the insider now directly owns 177,594 shares in the company, valued at approximately $41,128,994.46. The disclosure for this sale can be found here. In the last three months, insiders have sold 58,289 shares of company stock valued at $14,036,920. 2.57% of the stock is owned by insiders.

Several equities research analysts recently commented on GS shares. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Goldman Sachs Group, Inc. (The) in a report on Tuesday, July 4th. Buckingham Research reiterated a “neutral” rating and issued a $243.00 price objective (up from $235.00) on shares of Goldman Sachs Group, Inc. (The) in a report on Monday, July 10th. Capital One Financial Corporation reiterated a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a report on Tuesday, July 11th. Oppenheimer Holdings, Inc. lifted their price objective on Goldman Sachs Group, Inc. (The) from $251.00 to $256.00 and gave the stock an “outperform” rating in a report on Wednesday, July 19th. Finally, Berenberg Bank reissued a “sell” rating and issued a $190.00 target price on shares of Goldman Sachs Group, Inc. (The) in a research report on Friday, July 21st. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Goldman Sachs Group, Inc. (The) has an average rating of “Hold” and a consensus target price of $244.98.

About Goldman Sachs Group, Inc. (The)

The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.

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Institutional Ownership by Quarter for Goldman Sachs Group, Inc. (The) (NYSE:GS)

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