Childress Capital Advisors LLC Has $332,000 Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Childress Capital Advisors LLC grew its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 5.2% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 671 shares of the investment management company’s stock after acquiring an additional 33 shares during the period. Childress Capital Advisors LLC’s holdings in The Goldman Sachs Group were worth $332,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Highview Capital Management LLC DE raised its position in The Goldman Sachs Group by 3.8% during the third quarter. Highview Capital Management LLC DE now owns 3,646 shares of the investment management company’s stock valued at $1,805,000 after acquiring an additional 135 shares in the last quarter. Fidelis Capital Partners LLC raised its holdings in shares of The Goldman Sachs Group by 0.6% during the 3rd quarter. Fidelis Capital Partners LLC now owns 4,476 shares of the investment management company’s stock valued at $2,315,000 after purchasing an additional 27 shares in the last quarter. Tyche Wealth Partners LLC lifted its stake in shares of The Goldman Sachs Group by 0.9% in the 3rd quarter. Tyche Wealth Partners LLC now owns 3,781 shares of the investment management company’s stock valued at $1,872,000 after purchasing an additional 33 shares during the last quarter. Strategic Blueprint LLC lifted its stake in shares of The Goldman Sachs Group by 4.3% in the 3rd quarter. Strategic Blueprint LLC now owns 2,732 shares of the investment management company’s stock valued at $1,353,000 after purchasing an additional 113 shares during the last quarter. Finally, SC&H Financial Advisors Inc. bought a new stake in The Goldman Sachs Group in the third quarter worth $213,000. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Performance

NYSE GS opened at $524.50 on Wednesday. The Goldman Sachs Group, Inc. has a 1-year low of $293.29 and a 1-year high of $540.51. The company has a 50 day moving average of $501.30 and a 200-day moving average of $475.59. 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 firm has a market cap of $165.64 billion, a price-to-earnings ratio of 15.39, a PEG ratio of 0.75 and a beta of 1.36.

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

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 2nd will be issued a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend is Monday, December 2nd. The Goldman Sachs Group’s dividend payout ratio is currently 35.21%.

Insiders Place Their Bets

In other The Goldman Sachs Group news, insider Brian J. Lee sold 2,000 shares of the business’s stock in a transaction dated 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 transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.57% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. UBS Group boosted their price target on The Goldman Sachs Group from $550.00 to $560.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Wolfe Research upgraded The Goldman Sachs Group to a “hold” rating in a report on Wednesday, September 18th. JMP Securities increased their price target on The Goldman Sachs Group from $525.00 to $550.00 and gave the company a “market outperform” rating in a report on Wednesday, October 9th. Royal Bank of Canada restated a “sector perform” rating and issued a $500.00 price objective on shares of The Goldman Sachs Group in a research note on Tuesday, July 30th. Finally, Citigroup raised their target price on shares of The Goldman Sachs Group from $460.00 to $485.00 and gave the company a “neutral” rating in a research note on Tuesday, July 16th. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and an average target price of $524.69.

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.