Eads & Heald Wealth Management Has $288,000 Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Eads & Heald Wealth Management raised its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 5.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 582 shares of the investment management company’s stock after buying an additional 30 shares during the quarter. Eads & Heald Wealth Management’s holdings in The Goldman Sachs Group were worth $288,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Semmax Financial Advisors Inc. bought a new stake in shares of The Goldman Sachs Group in the 2nd quarter worth $26,000. POM Investment Strategies LLC bought a new stake in The Goldman Sachs Group in the 2nd quarter worth about $26,000. Headlands Technologies LLC purchased a new stake in The Goldman Sachs Group in the 2nd quarter valued at about $27,000. SJS Investment Consulting Inc. lifted its position in shares of The Goldman Sachs Group by 103.3% during the 2nd quarter. SJS Investment Consulting Inc. now owns 61 shares of the investment management company’s stock worth $28,000 after buying an additional 31 shares in the last quarter. Finally, West Branch Capital LLC bought a new position in shares of The Goldman Sachs Group during the 3rd quarter worth approximately $30,000. 71.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on GS shares. Morgan Stanley upped their price objective on The Goldman Sachs Group from $560.00 to $570.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. JMP Securities raised their price objective on shares of The Goldman Sachs Group from $525.00 to $550.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 9th. Bank of America boosted their target price on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Wolfe Research upgraded shares of The Goldman Sachs Group to a “hold” rating in a research note on Wednesday, September 18th. Finally, Barclays upped their price objective on The Goldman Sachs Group from $565.00 to $588.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $524.69.

Insiders Place Their Bets

In other news, insider Brian J. Lee sold 2,000 shares of the company’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $530.90, for a total value of $1,061,800.00. Following the completion of the sale, the insider now owns 10,095 shares of the company’s stock, valued at approximately $5,359,435.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.54% of the stock is owned by insiders.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS opened at $519.35 on Friday. The Goldman Sachs Group, Inc. has a one year low of $308.00 and a one year high of $540.51. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.11 and a quick ratio of 0.72. The firm has a market capitalization of $164.01 billion, a price-to-earnings ratio of 15.24, a PEG ratio of 0.76 and a beta of 1.36. The company’s fifty day moving average price is $502.45 and its 200-day moving average price is $477.05.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Tuesday, October 15th. The investment management company reported $8.40 earnings per share for the quarter, beating analysts’ consensus estimates of $6.89 by $1.51. The Goldman Sachs Group had a return on equity of 11.05% and a net margin of 9.89%. The business had revenue of $12.70 billion for the quarter, compared to the consensus estimate of $11.77 billion. During the same quarter last year, the business posted $5.47 earnings per share. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 37.14 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 2nd will be given a $3.00 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $12.00 dividend on an annualized basis and a yield of 2.31%. The Goldman Sachs Group’s payout ratio is 35.21%.

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.