Kavar Capital Partners Group LLC Has $4.32 Million Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Kavar Capital Partners Group LLC trimmed its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 3.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,722 shares of the investment management company’s stock after selling 340 shares during the period. Kavar Capital Partners Group LLC’s holdings in The Goldman Sachs Group were worth $4,318,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wealthcare Advisory Partners LLC grew its position in The Goldman Sachs Group by 15.7% in the first quarter. Wealthcare Advisory Partners LLC now owns 2,238 shares of the investment management company’s stock valued at $935,000 after purchasing an additional 304 shares in the last quarter. Vicus Capital bought a new position in The Goldman Sachs Group in the first quarter valued at $206,000. Symphony Financial Ltd. Co. grew its position in The Goldman Sachs Group by 15.0% in the first quarter. Symphony Financial Ltd. Co. now owns 761 shares of the investment management company’s stock valued at $318,000 after purchasing an additional 99 shares in the last quarter. Breakwater Capital Group grew its position in The Goldman Sachs Group by 13.2% in the first quarter. Breakwater Capital Group now owns 869 shares of the investment management company’s stock valued at $363,000 after purchasing an additional 101 shares in the last quarter. Finally, LVW Advisors LLC grew its position in The Goldman Sachs Group by 29.0% in the first quarter. LVW Advisors LLC now owns 1,139 shares of the investment management company’s stock valued at $476,000 after purchasing an additional 256 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Wells Fargo & Company raised their target price on shares of The Goldman Sachs Group from $504.00 to $550.00 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. Wolfe Research raised shares of The Goldman Sachs Group to a “hold” rating in a research report on Wednesday, September 18th. Evercore ISI lifted their price objective on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. JMP Securities lifted their price objective on shares of The Goldman Sachs Group from $525.00 to $550.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 9th. 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 stock currently has an average rating of “Moderate Buy” and an average target price of $524.69.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS opened at $512.60 on Friday. The firm has a 50 day moving average of $500.37 and a 200-day moving average of $473.24. The stock has a market capitalization of $161.88 billion, a PE ratio of 15.04, a PEG ratio of 0.75 and a beta of 1.36. The company has a current ratio of 1.11, a quick ratio of 0.72 and a debt-to-equity ratio of 2.07. The Goldman Sachs Group, Inc. has a 12 month low of $289.36 and a 12 month high of $540.51.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Tuesday, October 15th. The investment management company reported $8.40 EPS for the quarter, beating the consensus estimate of $6.89 by $1.51. The company had revenue of $12.70 billion during the quarter, compared to analysts’ expectations of $11.77 billion. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.05%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company earned $5.47 EPS. On average, equities research analysts predict that The Goldman Sachs Group, Inc. will post 37.14 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 2nd will be issued a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 2.34%. The ex-dividend date is Monday, December 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 35.21%.

Insider Activity at The Goldman Sachs Group

In related news, insider Brian J. Lee sold 2,000 shares of The Goldman Sachs Group stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $530.90, for a total transaction of $1,061,800.00. Following the sale, the insider now directly owns 10,095 shares of the company’s stock, valued at approximately $5,359,435.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.54% of the stock is currently owned by insiders.

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.