HWG Holdings LP Purchases 4,735 Shares of The Goldman Sachs Group, Inc. $GS

Key Points

• HWG Holdings LP increased its Goldman Sachs stake by 55.5% in the third quarter, purchasing 4,735 additional shares for a total of 13,274 shares valued at approximately $11.95 million.
• Goldman Sachs reported strong quarterly results, with EPS of $20.98 versus the $14.47 consensus estimate and revenue up 39.4% year over year to $20.34 billion. The company also raised its quarterly dividend to $5.00 per share.
• Despite the earnings strength, analyst sentiment remains mixed: Goldman has a consensus “Hold” rating and an average price target of $1,055.60, while shares recently traded down 1.1% at $887.36.

HWG Holdings LP increased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 55.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,274 shares of the investment management company's stock after purchasing an additional 4,735 shares during the quarter. The Goldman Sachs Group makes up approximately 2.8% of HWG Holdings LP's investment portfolio, making the stock its 10th largest position. HWG Holdings LP's holdings in The Goldman Sachs Group were worth $11,951,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sky Investment Group LLC lifted its stake in shares of The Goldman Sachs Group by 0.9% in the second quarter. Sky Investment Group LLC now owns 1,168 shares of the investment management company's stock worth $1,181,000 after buying an additional 10 shares in the last quarter. Warren Street Wealth Advisors LLC raised its holdings in The Goldman Sachs Group by 3.9% in the 2nd quarter. Warren Street Wealth Advisors LLC now owns 269 shares of the investment management company's stock valued at $272,000 after acquiring an additional 10 shares during the last quarter. First Financial Group Corp raised its holdings in The Goldman Sachs Group by 4.7% in the 1st quarter. First Financial Group Corp now owns 246 shares of the investment management company's stock valued at $208,000 after acquiring an additional 11 shares during the last quarter. Meadow Creek Wealth Advisors LLC lifted its stake in The Goldman Sachs Group by 1.7% in the 1st quarter. Meadow Creek Wealth Advisors LLC now owns 673 shares of the investment management company's stock worth $569,000 after purchasing an additional 11 shares in the last quarter. Finally, DecisionMap Wealth Management LLC boosted its holdings in shares of The Goldman Sachs Group by 3.2% during the 2nd quarter. DecisionMap Wealth Management LLC now owns 350 shares of the investment management company's stock worth $354,000 after purchasing an additional 11 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. UBS Group cut their price target on The Goldman Sachs Group from $1,150.00 to $1,010.00 and set a "neutral" rating for the company in a report on Monday. Barclays boosted their price objective on The Goldman Sachs Group from $1,048.00 to $1,245.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 15th. Morgan Stanley set a $1,145.00 target price on The Goldman Sachs Group in a research note on Wednesday, July 15th. BMO Capital Markets reduced their price target on The Goldman Sachs Group from $972.00 to $970.00 and set a "market perform" rating on the stock in a report on Tuesday. Finally, Wall Street Zen cut shares of The Goldman Sachs Group from a "buy" rating to a "hold" rating in a research report on Sunday, September 13th. Ten analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, The Goldman Sachs Group currently has a consensus rating of "Hold" and an average target price of $1,055.60.

The Goldman Sachs Group Trading Down 1.1%

GS opened at $887.36 on Thursday. The Goldman Sachs Group, Inc. has a 52 week low of $740.01 and a 52 week high of $1,153.99. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 3.17. The business has a fifty day simple moving average of $995.67 and a 200-day simple moving average of $987.40. The firm has a market cap of $258.37 billion, a P/E ratio of 13.70, a P/E/G ratio of 0.98 and a beta of 1.29.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its earnings results on Tuesday, July 14th. The investment management company reported $20.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $14.47 by $6.51. The Goldman Sachs Group had a return on equity of 19.16% and a net margin of 15.53%.The firm had revenue of $20.34 billion for the quarter, compared to analyst estimates of $16.22 billion. During the same quarter in the prior year, the company earned $10.91 EPS. The Goldman Sachs Group's revenue was up 39.4% on a year-over-year basis. On average, equities analysts expect that The Goldman Sachs Group, Inc. will post 67.92 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 1st were issued a $5.00 dividend. This represents a $20.00 dividend on an annualized basis and a dividend yield of 2.3%. This is an increase from The Goldman Sachs Group's previous quarterly dividend of $4.50. The ex-dividend date was Tuesday, September 1st. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 30.87%.

Trending Headlines about The Goldman Sachs Group

Here are the key news stories impacting The Goldman Sachs Group this week:

• Positive Sentiment: Goldman’s recent quarterly results substantially exceeded expectations, with earnings per share of $20.98 and revenue of $20.34 billion, up 39.4% year over year. The firm’s valuation following the selloff is being viewed by some analysts as a potential value opportunity. Goldman Sachs: Selloff Makes Stock a Value Play
• Positive Sentiment: Goldman appointed star banker George Dunlevie to co-lead its technology banking business, a move that could strengthen coverage of the sector and support future advisory and capital-markets revenue. Star Goldman Sachs Banker to Co-Lead Tech Banking
• Neutral Sentiment: Goldman forecasts that artificial-intelligence investment could help drive a 27% increase in S&P 500 profits, potentially supporting market activity and demand for the firm’s trading, investment-banking and asset-management services. Goldman Sachs Forecasts S&P 500 Profit Growth
• Neutral Sentiment: Goldman said its systems were not affected by the EY data breach and that client assets remain safe. However, its wealth-management business was among the affected clients, creating potential reputational and compliance concerns. Goldman Sachs Client Data Exposed in EY Data Breach
• Negative Sentiment: Citi has overtaken Goldman in global IPO underwriting rankings after winning several major listings, raising concerns that Goldman could lose future equity-capital-markets mandates and related fees. Goldman Sachs IPO Underwriting Ranking
• Negative Sentiment: BMO lowered its GS price target to $970 from $972 and retained a market-perform rating. Goldman’s indication that it is not yet ready to raise its 14%–16% through-the-cycle return-on-equity target also limits the near-term bullish case. BMO Cuts Goldman Sachs Price Target
• Negative Sentiment: Analysts have questioned whether Goldman has the necessary earnings-momentum indicators for another upside surprise in its upcoming report, adding caution ahead of earnings.

The Goldman Sachs Group Profile

The Goldman Sachs Group, Inc is a global financial services company headquartered in New York City. Founded in 1869, the firm provides services to corporations, financial institutions, governments, individuals and other clients through its investment banking, markets, asset management and wealth management businesses.

Goldman Sachs advises clients on mergers and acquisitions, financing and other strategic transactions, and facilitates trading in equities, fixed income, currencies and commodities.

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