Waycross Partners LLC Has $4.92 Million Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Waycross Partners LLC lessened its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 29.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,018 shares of the investment management company’s stock after selling 5,468 shares during the quarter. The Goldman Sachs Group accounts for 3.1% of Waycross Partners LLC’s portfolio, making the stock its 4th largest position. Waycross Partners LLC’s holdings in The Goldman Sachs Group were worth $4,921,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. Cordatus Wealth Management LLC purchased a new position in The Goldman Sachs Group in the 3rd quarter worth about $340,000. Buckingham Strategic Wealth LLC increased its position in The Goldman Sachs Group by 12.5% during the 3rd quarter. Buckingham Strategic Wealth LLC now owns 1,492 shares of the investment management company’s stock valued at $564,000 after purchasing an additional 166 shares during the period. Panagora Asset Management Inc. increased its position in The Goldman Sachs Group by 1.3% during the 3rd quarter. Panagora Asset Management Inc. now owns 245,822 shares of the investment management company’s stock valued at $92,928,000 after purchasing an additional 3,237 shares during the period. ARGI Investment Services LLC increased its position in The Goldman Sachs Group by 33.7% during the 3rd quarter. ARGI Investment Services LLC now owns 1,024 shares of the investment management company’s stock valued at $387,000 after purchasing an additional 258 shares during the period. Finally, Grandview Asset Management LLC purchased a new stake in The Goldman Sachs Group during the third quarter valued at approximately $207,000. 70.96% of the stock is currently owned by institutional investors.

The Goldman Sachs Group stock traded down $10.70 during midday trading on Friday, hitting $380.10. 131,958 shares of the company’s stock were exchanged, compared to its average volume of 2,622,368. The Goldman Sachs Group, Inc. has a 12-month low of $270.62 and a 12-month high of $426.16. The company has a debt-to-equity ratio of 2.52, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market cap of $127.25 billion, a price-to-earnings ratio of 6.26, a price-to-earnings-growth ratio of 0.76 and a beta of 1.49. The firm’s 50 day simple moving average is $392.80 and its 200 day simple moving average is $393.06.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Thursday, October 14th. The investment management company reported $14.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $9.78 by $5.15. The business had revenue of $13.61 billion for the quarter, compared to the consensus estimate of $11.61 billion. The Goldman Sachs Group had a net margin of 34.46% and a return on equity of 24.52%. The business’s quarterly revenue was up 26.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $9.68 earnings per share. On average, equities research analysts forecast that The Goldman Sachs Group, Inc. will post 60.7 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 30th. Investors of record on Thursday, December 2nd were paid a $2.00 dividend. This represents a $8.00 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend was Wednesday, December 1st. The Goldman Sachs Group’s dividend payout ratio (DPR) is 13.19%.

GS has been the topic of several analyst reports. Morgan Stanley raised shares of The Goldman Sachs Group from an “underweight” rating to an “equal weight” rating and set a $479.00 price target on the stock in a report on Monday, December 6th. Bank of America lowered shares of The Goldman Sachs Group from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $490.00 to $475.00 in a report on Thursday, January 6th. Wells Fargo & Company boosted their target price on shares of The Goldman Sachs Group from $430.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, October 25th. Royal Bank of Canada restated a “sector perform” rating and set a $435.00 target price (up from $370.00) on shares of The Goldman Sachs Group in a research report on Monday, October 18th. Finally, Citigroup boosted their target price on shares of The Goldman Sachs Group from $410.00 to $440.00 and gave the company a “buy” rating in a research report on Friday, October 1st. Ten investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $439.24.

The Goldman Sachs Group Company Profile

Goldman Sachs Group, Inc engages in global investment banking, securities, and investment management, which provides financial services. It operates through the following business segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The Investment Banking segment serves public and private sector clients around the world and provides financial advisory services, help companies raise capital to strengthen and grow their businesses and provide financing to corporate clients.

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Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

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