SeaCrest Wealth Management LLC trimmed its position in Goldman Sachs Group Inc (NYSE:GS) by 5.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,148 shares of the investment management company’s stock after selling 124 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Goldman Sachs Group were worth $445,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of GS. Busey Wealth Management acquired a new position in Goldman Sachs Group during the second quarter worth $3,126,000. Nuveen Asset Management LLC raised its stake in Goldman Sachs Group by 1,026.7% during the second quarter. Nuveen Asset Management LLC now owns 2,132,535 shares of the investment management company’s stock worth $436,316,000 after acquiring an additional 1,943,266 shares in the last quarter. Cubist Systematic Strategies LLC raised its stake in Goldman Sachs Group by 393.4% during the second quarter. Cubist Systematic Strategies LLC now owns 6,537 shares of the investment management company’s stock worth $1,337,000 after acquiring an additional 5,212 shares in the last quarter. Lee Danner & Bass Inc. raised its stake in Goldman Sachs Group by 10.7% during the second quarter. Lee Danner & Bass Inc. now owns 20,255 shares of the investment management company’s stock worth $4,144,000 after acquiring an additional 1,955 shares in the last quarter. Finally, Balter Liquid Alternatives LLC raised its stake in Goldman Sachs Group by 30.2% during the second quarter. Balter Liquid Alternatives LLC now owns 12,621 shares of the investment management company’s stock worth $2,582,000 after acquiring an additional 2,926 shares in the last quarter. Institutional investors and hedge funds own 68.66% of the company’s stock.
Shares of GS stock opened at $207.42 on Thursday. The stock’s fifty day moving average is $207.20 and its 200-day moving average is $203.21. The company has a debt-to-equity ratio of 2.78, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market capitalization of $74.01 billion, a PE ratio of 8.21, a PEG ratio of 0.78 and a beta of 1.35. Goldman Sachs Group Inc has a 52 week low of $151.70 and a 52 week high of $234.06.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 2nd will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.41%. Goldman Sachs Group’s payout ratio is presently 19.79%.
GS has been the subject of several recent analyst reports. BMO Capital Markets increased their price objective on Goldman Sachs Group to $278.00 and gave the stock a “market perform” rating in a research note on Wednesday. Keefe, Bruyette & Woods upgraded Goldman Sachs Group from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $225.00 to $260.00 in a research note on Friday, July 26th. Zacks Investment Research upgraded Goldman Sachs Group from a “sell” rating to a “hold” rating and set a $207.00 price objective for the company in a research note on Tuesday, June 25th. TheStreet upgraded Goldman Sachs Group from a “c+” rating to a “b” rating in a research note on Tuesday, August 6th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and set a $240.00 price objective on shares of Goldman Sachs Group in a research note on Wednesday, July 17th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $240.42.
Goldman Sachs Group Profile
The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates in four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.
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