<div id="readability-page-1"><p>Montecito Bank &amp; Trust purchased a new position in shares of  The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) in the third quarter, according to the company in its most recent filing with the Securities &amp; Exchange Commission. The firm purchased 2,829 shares of the investment management company's stock, valued at approximately $2,253,000.</p><ul><li>JPMorgan and Goldman Upgrade MP Materials Amid Defense-Driven Demand Outlook</li></ul><p>Other institutional investors and hedge funds have also recently bought and sold shares of the company. Canada Pension Plan Investment Board grew its stake in  The Goldman Sachs Group by 28.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 524,296 shares of the investment management company's stock valued at $286,418,000 after buying an additional 116,535 shares during the last quarter.  Ignite Planners LLC bought a new stake in shares of  The Goldman Sachs Group during the second quarter worth approximately $239,000.  Bank of New York Mellon Corp boosted its holdings in shares of  The Goldman Sachs Group by 4.9% during the second quarter. Bank of New York Mellon Corp now owns 3,379,900 shares of the investment management company's stock worth $2,392,124,000 after acquiring an additional 157,473 shares during the period.  Jump Financial LLC acquired a new position in shares of  The Goldman Sachs Group in the first quarter valued at approximately $9,596,000.  Finally, Wells Trecaso Financial Group LLC increased its stake in shares of  The Goldman Sachs Group by 0.5% during the second quarter. Wells Trecaso Financial Group LLC now owns 21,534 shares of the investment management company's stock worth $15,240,000 after purchasing an additional 108 shares during the period. Institutional investors own  71.21% of the company's stock. </p><h2>The Goldman Sachs Group Trading Down 0.8%</h2><p>GS opened at $871.97 on Thursday. The Goldman Sachs Group, Inc. has a twelve month low of $439.38 and a twelve month high of $919.10. The company has a 50-day simple moving average of $805.59 and a 200 day simple moving average of $749.91. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 2.53. The stock has a market capitalization of $261.53 billion, a price-to-earnings ratio of 17.71, a P/E/G ratio of 1.16 and a beta of 1.36. </p><ul><li>Big Banks Are Setting the Tone as Earnings Season Kicks Off</li></ul><p>The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its earnings results on Tuesday, October 14th. The investment management company reported $12.25 EPS for the quarter, beating the consensus estimate of $10.27 by $1.98. The firm had revenue of $15.18 billion for the quarter, compared to analyst estimates of $13.68 billion. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 15.29%. The business's quarterly revenue was up 19.5% compared to the same quarter last year. During the same period last year, the firm earned $8.40 EPS.  Analysts predict that  The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year. </p><h2>The Goldman Sachs Group Dividend Announcement</h2><p>The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 2nd will be paid a $4.00 dividend. This represents a $16.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Tuesday, December 2nd. The Goldman Sachs Group's dividend payout ratio (DPR) is 32.50%. </p><h2>Analysts Set New Price Targets</h2><ul><li>MarketBeat Week in Review – 10/13 - 10/17 </li></ul><p>Several research firms recently issued reports on GS. Barclays boosted their price target on The Goldman Sachs Group from $720.00 to $850.00 and gave the company an &#34;overweight&#34; rating in a research note on Wednesday, October 15th. Morgan Stanley dropped their target price on The Goldman Sachs Group from $854.00 to $828.00 and set an &#34;equal weight&#34; rating for the company in a report on Wednesday, October 15th. UBS Group upped their price target on shares of The Goldman Sachs Group from $762.00 to $805.00 and gave the company a &#34;neutral&#34; rating in a research note on Tuesday, October 7th. BNP Paribas Exane raised their price target on shares of The Goldman Sachs Group from $685.00 to $775.00 and gave the stock a &#34;neutral&#34; rating in a research report on Friday, October 17th. Finally, Royal Bank Of Canada lifted their price objective on shares of The Goldman Sachs Group from $843.00 to $900.00 and gave the stock a &#34;sector perform&#34; rating in a research note on Friday, December 12th. Four investment analysts have rated the stock with a Buy rating, seventeen have assigned  a Hold rating and one  has assigned  a Sell rating to the company's stock. According to MarketBeat, The Goldman Sachs Group presently has a consensus rating of &#34;Hold&#34; and a consensus target price of $792.67.</p><p><b>View Our Latest Report on The Goldman Sachs Group</b></p><h2>The Goldman Sachs Group Company Profile</h2> (Free Report)<p>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 &amp; Markets, Asset &amp; Wealth Management, and Platform Solutions segments. The Global Banking &amp; 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.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than The Goldman Sachs Group</li><li>High Dividend REITs: Are They an Ideal Way to Diversify?</li><li>Post 35% Surge, Analysts Eye More Upside in Copper Giant Freeport</li><li>How to trade using analyst ratings</li><li>Why a SpaceX IPO Could Be a Major Catalyst for GOOGL Stock</li><li>Stock Dividend Cuts Happen Are You Ready?</li><li>Can Upwork Maintain Its Comeback? Reasons to Be Bullish and Bearish</li></ul><p><strong>Want to see what other hedge funds are holding GS?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Goldman Sachs Group, Inc. (NYSE:GS - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUdT?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUdT"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in The Goldman Sachs Group Right Now?</h2><p>Before you consider The Goldman Sachs Group, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and The Goldman Sachs Group wasn't on the list.</p><p>While The Goldman Sachs Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Montecito Bank & Trust acquired 2,829 shares of Goldman Sachs, valued at $2.25 million. Other institutional investors also increased their stakes. Goldman Sachs reported Q3 earnings of $12.25 EPS, beating estimates, with revenue up 19.5% year-over-year. The company announced a $4.00 quarterly dividend. Analysts set new price targets, with Barclays rating it "overweight" and Morgan Stanley "equal weight."</p>

Montecito Bank & Trust Buys New Holdings in The Goldman Sachs Group, Inc. $GS