Rothschild Capital Partners LLC Acquires Shares of 350 The Goldman Sachs Group, Inc. $GS

Key Points

• Rothschild Capital Partners LLC acquired 350 shares of The Goldman Sachs Group, Inc., valued at approximately $248,000, signaling continued interest from institutional investors.
• The Goldman Sachs Group reported $12.25 EPS for the last quarter, exceeding analysts' expectations of $10.27, despite revenue falling short at $11.33 billion compared to the estimate of $13.68 billion.
• The company announced a quarterly dividend of $4.00 per share, with a scheduled payout on December 30th, indicating a 2.2% dividend yield.

Rothschild Capital Partners LLC bought a new stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 350 shares of the investment management company's stock, valued at approximately $248,000.

Several other hedge funds have also recently modified their holdings of GS. Winthrop Advisory Group LLC boosted its holdings in The Goldman Sachs Group by 3.4% in the 2nd quarter. Winthrop Advisory Group LLC now owns 429 shares of the investment management company's stock worth $303,000 after buying an additional 14 shares during the last quarter. Dumont & Blake Investment Advisors LLC raised its holdings in shares of The Goldman Sachs Group by 0.7% during the second quarter. Dumont & Blake Investment Advisors LLC now owns 2,241 shares of the investment management company's stock valued at $1,586,000 after acquiring an additional 15 shares during the last quarter. Mechanics Financial Corp lifted its position in shares of The Goldman Sachs Group by 5.8% in the second quarter. Mechanics Financial Corp now owns 294 shares of the investment management company's stock valued at $208,000 after acquiring an additional 16 shares in the last quarter. TFB Advisors LLC boosted its stake in shares of The Goldman Sachs Group by 2.0% in the second quarter. TFB Advisors LLC now owns 826 shares of the investment management company's stock worth $585,000 after acquiring an additional 16 shares during the last quarter. Finally, Ridgewood Investments LLC boosted its stake in shares of The Goldman Sachs Group by 45.9% in the second quarter. Ridgewood Investments LLC now owns 54 shares of the investment management company's stock worth $38,000 after acquiring an additional 17 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company's stock.

The Goldman Sachs Group Trading Down 2.0%

Shares of GS opened at $744.18 on Thursday. The company has a current ratio of 1.11, a quick ratio of 0.67 and a debt-to-equity ratio of 2.23. The Goldman Sachs Group, Inc. has a 12-month low of $439.38 and a 12-month high of $825.25. The firm has a 50-day moving average price of $766.42 and a 200 day moving average price of $674.65. The firm has a market capitalization of $225.28 billion, a P/E ratio of 15.12, a P/E/G ratio of 1.39 and a beta of 1.42.

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

The Goldman Sachs Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd will be given a dividend of $4.00 per share. This represents a $16.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Tuesday, December 2nd. The Goldman Sachs Group's payout ratio is presently 32.50%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. UBS Group raised their price objective on The Goldman Sachs Group from $762.00 to $805.00 and gave the company a "neutral" rating in a report on Tuesday, October 7th. Weiss Ratings reiterated a "hold (c+)" rating on shares of The Goldman Sachs Group in a research report on Wednesday, October 8th. HSBC raised their price target on shares of The Goldman Sachs Group from $652.00 to $677.00 in a research note on Thursday, October 2nd. Citigroup upped their price objective on shares of The Goldman Sachs Group from $700.00 to $765.00 and gave the company a "neutral" rating in a research note on Thursday, October 16th. Finally, Morgan Stanley cut their price objective on shares of The Goldman Sachs Group from $854.00 to $828.00 and set an "equal weight" rating for the company in a report on Wednesday, October 15th. Three equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $779.50.

Insider Buying and Selling

In related news, COO John E. Waldron sold 9,244 shares of the stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $750.11, for a total value of $6,934,016.84. Following the completion of the transaction, the chief operating officer directly owned 115,268 shares in the company, valued at approximately $86,463,679.48. This represents a 7.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Denis P. Coleman sold 7,463 shares of the firm's stock in a transaction on Friday, July 25th. The stock was sold at an average price of $724.40, for a total value of $5,406,197.20. Following the sale, the chief financial officer directly owned 18,594 shares of the company's stock, valued at approximately $13,469,493.60. This trade represents a 28.64% decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,707 shares of company stock worth $19,094,804 over the last quarter. 0.55% of the stock is currently owned by insiders.

The Goldman Sachs Group Company 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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