Mycio Wealth Partners LLC Sells 1,499 Shares of Goldman Sachs Group, Inc. (The) (GS)

Mycio Wealth Partners LLC cut its holdings in Goldman Sachs Group, Inc. (The) (NYSE:GS) by 41.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,110 shares of the investment management company’s stock after selling 1,499 shares during the period. Mycio Wealth Partners LLC’s holdings in Goldman Sachs Group, Inc. (The) were worth $500,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Northwest Quadrant Wealth Management LLC purchased a new stake in shares of Goldman Sachs Group, Inc. (The) in the 2nd quarter worth about $407,000. Sumitomo Mitsui Financial Group Inc. acquired a new position in Goldman Sachs Group, Inc. (The) in the 2nd quarter valued at about $101,000. WealthTrust Arizona LLC raised its stake in Goldman Sachs Group, Inc. (The) by 97.1% in the 2nd quarter. WealthTrust Arizona LLC now owns 469 shares of the investment management company’s stock valued at $104,000 after purchasing an additional 231 shares during the last quarter. Sterling Investment Advisors Ltd. raised its stake in Goldman Sachs Group, Inc. (The) by 35.7% in the 2nd quarter. Sterling Investment Advisors Ltd. now owns 475 shares of the investment management company’s stock valued at $105,000 after purchasing an additional 125 shares during the last quarter. Finally, Shine Investment Advisory Services Inc. acquired a new position in Goldman Sachs Group, Inc. (The) in the 2nd quarter valued at about $111,000. Institutional investors and hedge funds own 73.14% of the company’s stock.

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A number of research analysts have recently commented on the stock. Zacks Investment Research raised shares of Goldman Sachs Group, Inc. (The) from a “hold” rating to a “buy” rating and set a $273.00 price objective for the company in a research note on Tuesday, November 7th. Vertical Group downgraded shares of Goldman Sachs Group, Inc. (The) from a “hold” rating to a “sell” rating in a research note on Monday, November 6th. Societe Generale set a $198.00 price objective on shares of Goldman Sachs Group, Inc. (The) and gave the company a “sell” rating in a research note on Thursday, October 19th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $240.00 price objective on shares of Goldman Sachs Group, Inc. (The) in a research note on Thursday, October 19th. Finally, Buckingham Research reaffirmed a “neutral” rating and set a $250.00 price objective (up previously from $243.00) on shares of Goldman Sachs Group, Inc. (The) in a research note on Wednesday, October 18th. Three research analysts have rated the stock with a sell rating, seventeen have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $245.06.

In other Goldman Sachs Group, Inc. (The) news, Director David A. Viniar sold 7,393 shares of Goldman Sachs Group, Inc. (The) stock in a transaction on Friday, October 20th. The stock was sold at an average price of $245.18, for a total value of $1,812,615.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman Richard J. Gnodde sold 4,951 shares of the business’s stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $239.95, for a total value of $1,187,992.45. The disclosure for this sale can be found here. In the last ninety days, insiders sold 37,344 shares of company stock worth $9,125,608. 2.57% of the stock is owned by insiders.

Shares of Goldman Sachs Group, Inc. (NYSE GS) opened at $240.15 on Friday. Goldman Sachs Group, Inc. has a fifty-two week low of $198.25 and a fifty-two week high of $255.15. The firm has a market capitalization of $90,585.05, a P/E ratio of 12.51, a PEG ratio of 1.22 and a beta of 1.48. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 2.82.

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

The business also recently declared 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 1.25%. The ex-dividend date of this dividend is Wednesday, November 29th. Goldman Sachs Group, Inc. (The)’s dividend payout ratio is 15.63%.

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.

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

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