Opal Wealth Advisors LLC Sells 60 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Opal Wealth Advisors LLC decreased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 8.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 648 shares of the investment management company’s stock after selling 60 shares during the quarter. Opal Wealth Advisors LLC’s holdings in The Goldman Sachs Group were worth $321,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of GS. Magnus Financial Group LLC increased its stake in The Goldman Sachs Group by 8.0% during the 3rd quarter. Magnus Financial Group LLC now owns 3,774 shares of the investment management company’s stock valued at $1,868,000 after purchasing an additional 280 shares in the last quarter. First Pacific Financial grew its holdings in shares of The Goldman Sachs Group by 0.6% during the third quarter. First Pacific Financial now owns 3,167 shares of the investment management company’s stock valued at $1,568,000 after buying an additional 20 shares during the last quarter. Shulman DeMeo Asset Management LLC acquired a new stake in shares of The Goldman Sachs Group in the 3rd quarter worth about $203,000. Swedbank AB lifted its position in The Goldman Sachs Group by 4.2% in the 3rd quarter. Swedbank AB now owns 339,047 shares of the investment management company’s stock valued at $167,866,000 after acquiring an additional 13,730 shares in the last quarter. Finally, Zhang Financial LLC boosted its stake in The Goldman Sachs Group by 5.1% during the 3rd quarter. Zhang Financial LLC now owns 4,174 shares of the investment management company’s stock valued at $2,066,000 after purchasing an additional 201 shares during the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Performance

Shares of GS opened at $522.60 on Wednesday. The Goldman Sachs Group, Inc. has a 1 year low of $289.36 and a 1 year high of $540.51. The company has a debt-to-equity ratio of 2.20, a current ratio of 0.72 and a quick ratio of 0.72. The stock’s fifty day moving average price is $495.39 and its two-hundred day moving average price is $467.39. The firm has a market cap of $168.52 billion, a PE ratio of 20.41, a PEG ratio of 0.77 and a beta of 1.36.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Tuesday, October 15th. The investment management company reported $8.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.87 by $0.53. The business had revenue of $12.70 billion for the quarter, compared to analysts’ expectations of $11.77 billion. The Goldman Sachs Group had a return on equity of 10.56% and a net margin of 9.36%. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the business posted $5.47 EPS. On average, equities research analysts forecast that The Goldman Sachs Group, Inc. will post 35.52 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 2nd will be issued a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 2.30%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 46.86%.

Analysts Set New Price Targets

GS has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their target price on The Goldman Sachs Group from $464.00 to $472.00 and gave the company an “overweight” rating in a report on Monday, September 9th. Barclays lifted their price objective on shares of The Goldman Sachs Group from $493.00 to $565.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Morgan Stanley upped their target price on shares of The Goldman Sachs Group from $513.00 to $561.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 30th. Keefe, Bruyette & Woods boosted their price target on shares of The Goldman Sachs Group from $485.00 to $520.00 and gave the stock an “outperform” rating in a report on Thursday, June 27th. Finally, Seaport Res Ptn downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 2nd. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $504.75.

About The Goldman Sachs Group

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.