FSA Wealth Management LLC Invests $96,000 in The Goldman Sachs Group, Inc. (NYSE:GS)

FSA Wealth Management LLC acquired a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 193 shares of the investment management company’s stock, valued at approximately $96,000.

Other large investors also recently added to or reduced their stakes in the company. B&L Asset Management LLC bought a new stake in shares of The Goldman Sachs Group during the third quarter valued at approximately $248,000. Erste Asset Management GmbH purchased a new position in The Goldman Sachs Group during the 3rd quarter worth $2,703,000. Morton Community Bank raised its position in The Goldman Sachs Group by 2.0% during the 3rd quarter. Morton Community Bank now owns 6,555 shares of the investment management company’s stock valued at $3,245,000 after purchasing an additional 130 shares in the last quarter. Cobblestone Capital Advisors LLC NY raised its position in The Goldman Sachs Group by 7.2% during the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 1,570 shares of the investment management company’s stock valued at $777,000 after purchasing an additional 105 shares in the last quarter. Finally, Acropolis Investment Management LLC lifted its holdings in shares of The Goldman Sachs Group by 41.3% in the 3rd quarter. Acropolis Investment Management LLC now owns 342 shares of the investment management company’s stock worth $169,000 after buying an additional 100 shares during the period. 71.21% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CAO Sheara J. Fredman sold 2,974 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $594.51, for a total value of $1,768,072.74. Following the sale, the chief accounting officer now directly owns 8,489 shares of the company’s stock, valued at approximately $5,046,795.39. The trade was a 25.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 completion of the sale, the insider now owns 10,095 shares of the company’s stock, valued at $5,359,435.50. This trade represents a 16.54 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,390 shares of company stock valued at $6,656,119. 0.54% of the stock is currently owned by company insiders.

Analyst Ratings Changes

GS has been the topic of several research reports. Citigroup raised their price target on The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a research note on Thursday, November 21st. Hsbc Global Res downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Oppenheimer upped their price target on shares of The Goldman Sachs Group from $614.00 to $661.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. HSBC lowered shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $569.00 to $608.00 in a research note on Tuesday, November 26th. Finally, Evercore ISI upped their price objective on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $550.63.

The Goldman Sachs Group Price Performance

NYSE:GS opened at $608.57 on Friday. The Goldman Sachs Group, Inc. has a one year low of $340.09 and a one year high of $612.73. The stock has a market cap of $191.04 billion, a PE ratio of 17.86, a P/E/G ratio of 0.88 and a beta of 1.35. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a 50 day moving average price of $540.94 and a 200 day moving average price of $499.44.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Tuesday, October 15th. The investment management company reported $8.40 earnings per share for the quarter, beating the consensus estimate of $6.89 by $1.51. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.39%. The firm had revenue of $12.70 billion for the quarter, compared to analysts’ expectations of $11.77 billion. During the same quarter in the previous year, the company posted $5.47 EPS. The company’s revenue was up 7.4% compared to the same quarter last year. Equities research analysts expect that The Goldman Sachs Group, Inc. will post 37.15 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 2nd will be issued a dividend of $3.00 per share. The ex-dividend date is Monday, December 2nd. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.97%. The Goldman Sachs Group’s dividend payout ratio is currently 35.21%.

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.