Welch Capital Partners LLC NY Invests $1.61 Million in Goldman Sachs Group Inc (GS)

Welch Capital Partners LLC NY acquired a new stake in Goldman Sachs Group Inc (NYSE:GS) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 6,774 shares of the investment management company’s stock, valued at approximately $1,607,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. boosted its position in shares of Goldman Sachs Group by 3,301.2% in the 1st quarter. BlackRock Inc. now owns 24,569,536 shares of the investment management company’s stock valued at $5,644,114,000 after purchasing an additional 23,847,154 shares during the period. Janus Henderson Group PLC boosted its position in shares of Goldman Sachs Group by 4,096.0% in the 2nd quarter. Janus Henderson Group PLC now owns 2,475,978 shares of the investment management company’s stock valued at $549,415,000 after purchasing an additional 2,416,970 shares during the period. New England Asset Management Inc. boosted its position in shares of Goldman Sachs Group 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 valued at $535,492,000 after purchasing an additional 1,900,000 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Goldman Sachs Group by 47.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,602,847 shares of the investment management company’s stock valued at $799,472,000 after purchasing an additional 1,152,869 shares during the period. Finally, Harbour Capital Advisors LLC boosted its position in shares of Goldman Sachs Group 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 valued at $5,016,000 after purchasing an additional 1,108,079 shares during the period. Institutional investors and hedge funds own 73.35% of the company’s stock.

Goldman Sachs Group Inc (NYSE GS) traded up $1.31 during midday trading on Monday, reaching $248.95. The company had a trading volume of 4,765,300 shares, compared to its average volume of 3,294,210. Goldman Sachs Group Inc has a 12-month low of $209.62 and a 12-month high of $255.15. The stock has a market cap of $93,904.31, a P/E ratio of 12.97, a P/E/G ratio of 1.26 and a beta of 1.47. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 2.82.

Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Tuesday, October 17th. The investment management company reported $5.02 earnings per share for the quarter, beating the consensus estimate of $4.17 by $0.85. Goldman Sachs Group had a return on equity of 11.34% and a net margin of 26.42%. The firm had revenue of $8.33 billion during the quarter, compared to the consensus estimate of $7.59 billion. During the same period last year, the business posted $4.88 EPS. Goldman Sachs Group’s quarterly revenue was up 2.0% on a year-over-year basis. equities research analysts anticipate that Goldman Sachs Group Inc will post 19.03 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, November 30th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.21%. The ex-dividend date is Wednesday, November 29th. Goldman Sachs Group’s payout ratio is currently 15.63%.

A number of analysts have weighed in on GS shares. Royal Bank Of Canada reaffirmed a “hold” rating and set a $240.00 price objective on shares of Goldman Sachs Group in a research report on Thursday, August 31st. Morgan Stanley increased their price objective on Goldman Sachs Group from $265.00 to $287.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 18th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $240.00 price objective on shares of Goldman Sachs Group in a research report on Thursday, October 19th. JMP Securities reaffirmed a “market perform” rating on shares of Goldman Sachs Group in a research report on Wednesday, September 13th. Finally, J P Morgan Chase & Co set a $260.00 price objective on Goldman Sachs Group and gave the stock a “buy” rating in a research report on Friday, September 15th. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $244.65.

In other Goldman Sachs Group news, VP Gregory K. Palm sold 4,620 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $238.99, for a total transaction of $1,104,133.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Lloyd C. Blankfein sold 20,794 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $238.38, for a total value of $4,956,873.72. The disclosure for this sale can be found here. Insiders sold a total of 135,177 shares of company stock valued at $32,435,160 over the last ninety days. 2.57% of the stock is currently owned by company insiders.

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About Goldman Sachs Group

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 (NYSE:GS)

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