Avidian Wealth Enterprises LLC Buys Shares of 338 The Goldman Sachs Group, Inc. $GS

Avidian Wealth Enterprises LLC bought a new position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 338 shares of the investment management company's stock, valued at approximately $239,000.

Several other institutional investors have also made changes to their positions in GS. Dogwood Wealth Management LLC increased its holdings in The Goldman Sachs Group by 1,800.0% in the second quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company's stock worth $26,000 after buying an additional 36 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd bought a new stake in The Goldman Sachs Group in the first quarter worth approximately $25,000. American Capital Advisory LLC bought a new stake in The Goldman Sachs Group in the first quarter worth approximately $29,000. Ridgewood Investments LLC increased its stake in shares of The Goldman Sachs Group by 45.9% during the 2nd quarter. Ridgewood Investments LLC now owns 54 shares of the investment management company's stock worth $38,000 after purchasing an additional 17 shares during the last quarter. Finally, Cornerstone Planning Group LLC raised its holdings in shares of The Goldman Sachs Group by 46.9% during the 1st quarter. Cornerstone Planning Group LLC now owns 72 shares of the investment management company's stock valued at $38,000 after purchasing an additional 23 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Up 0.9%

Shares of GS stock opened at $751.21 on Friday. The Goldman Sachs Group, Inc. has a 12 month low of $439.38 and a 12 month high of $825.25. The company has a quick ratio of 0.67, a current ratio of 1.11 and a debt-to-equity ratio of 2.23. The firm has a market cap of $227.41 billion, a PE ratio of 15.26, a price-to-earnings-growth ratio of 1.36 and a beta of 1.42. The stock has a 50 day moving average of $766.49 and a 200-day moving average of $676.63.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $10.27 by $1.98. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 14.79%. The business had revenue of $11.33 billion for the quarter, compared to analyst estimates of $13.68 billion. During the same quarter in the previous year, the firm posted $8.40 earnings per share. The Goldman Sachs Group's revenue was up 19.5% compared to the same quarter last year. On average, equities analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 2nd will be paid a $4.00 dividend. This represents a $16.00 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Tuesday, December 2nd. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 32.50%.

Insider Buying and Selling at The Goldman Sachs Group

In related news, COO John E. Waldron sold 9,000 shares of The Goldman Sachs Group stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $750.51, for a total transaction of $6,754,590.00. Following the sale, the chief operating officer directly owned 106,268 shares of the company's stock, valued at $79,755,196.68. This trade represents a 7.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.55% of the company's stock.

Analysts Set New Price Targets

GS has been the subject of a number of recent research reports. HSBC upped their price objective on shares of The Goldman Sachs Group from $652.00 to $677.00 in a report on Thursday, October 2nd. Keefe, Bruyette & Woods increased their price objective on The Goldman Sachs Group from $850.00 to $870.00 and gave the company a "market perform" rating in a report on Friday, October 17th. Weiss Ratings reissued a "hold (c+)" rating on shares of The Goldman Sachs Group in a research note on Wednesday, October 8th. Wall Street Zen raised The Goldman Sachs Group from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of The Goldman Sachs Group from $725.00 to $790.00 and gave the company a "hold" rating in a research report on Tuesday, September 30th. Three equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $779.50.

The Goldman Sachs Group Profile

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.

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