Victory Capital Management Inc. increased its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 4.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 465,568 shares of the investment management company's stock after purchasing an additional 20,815 shares during the period. Victory Capital Management Inc. owned approximately 0.15% of The Goldman Sachs Group worth $230,507,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Waldron Private Wealth LLC lifted its position in The Goldman Sachs Group by 0.8% during the 2nd quarter. Waldron Private Wealth LLC now owns 2,399 shares of the investment management company's stock worth $1,085,000 after acquiring an additional 20 shares during the period. First Pacific Financial raised its position in The Goldman Sachs Group by 0.6% during the 3rd quarter. First Pacific Financial now owns 3,167 shares of the investment management company's stock worth $1,568,000 after buying an additional 20 shares during the last quarter. Krane Funds Advisors LLC boosted its holdings in shares of The Goldman Sachs Group by 1.7% in the 3rd quarter. Krane Funds Advisors LLC now owns 1,177 shares of the investment management company's stock valued at $583,000 after acquiring an additional 20 shares during the last quarter. Tanager Wealth Management LLP increased its stake in shares of The Goldman Sachs Group by 3.6% in the third quarter. Tanager Wealth Management LLP now owns 569 shares of the investment management company's stock worth $282,000 after acquiring an additional 20 shares during the period. Finally, M3 Advisory Group LLC raised its holdings in shares of The Goldman Sachs Group by 3.9% during the third quarter. M3 Advisory Group LLC now owns 564 shares of the investment management company's stock worth $279,000 after purchasing an additional 21 shares during the last quarter. Institutional investors own 71.21% of the company's stock.
Insider Activity
In other The Goldman Sachs Group news, insider Brian J. Lee sold 2,000 shares of the stock in a transaction dated 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 transaction, the insider now owns 10,095 shares of the company's stock, valued at $5,359,435.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, EVP John F.W. Rogers sold 6,416 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $596.36, for a total value of $3,826,245.76. Following the completion of the transaction, the executive vice president now owns 57,614 shares of the company's stock, valued at approximately $34,358,685.04. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Brian J. Lee sold 2,000 shares of the company's stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $530.90, for a total transaction of $1,061,800.00. Following the sale, the insider now directly owns 10,095 shares in the company, valued at approximately $5,359,435.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,390 shares of company stock valued at $6,656,119 in the last quarter. Insiders own 0.54% of the company's stock.
The Goldman Sachs Group Price Performance
Shares of NYSE GS traded down $9.73 during mid-day trading on Tuesday, reaching $592.61. The company's stock had a trading volume of 2,391,824 shares, compared to its average volume of 2,231,939. The stock has a 50-day moving average of $509.63 and a two-hundred day moving average of $484.59. The stock has a market capitalization of $186.03 billion, a P/E ratio of 17.39, a P/E/G ratio of 0.86 and a beta of 1.35. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.72 and a current ratio of 0.67. The Goldman Sachs Group, Inc. has a 1-year low of $323.53 and a 1-year high of $607.15.
The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its earnings results on Tuesday, October 15th. The investment management company reported $8.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.89 by $1.51. The Goldman Sachs Group had a return on equity of 11.39% and a net margin of 9.89%. The business had revenue of $12.70 billion during the quarter, compared to the consensus estimate of $11.77 billion. During the same period last year, the company earned $5.47 EPS. 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 37.15 EPS for the current fiscal year.
The Goldman Sachs Group Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders 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 2.02%. The Goldman Sachs Group's dividend payout ratio is currently 35.21%.
Analyst Ratings Changes
Several equities research analysts have weighed in on GS shares. BMO Capital Markets increased their price target on The Goldman Sachs Group from $360.00 to $373.00 and gave the stock a "market perform" rating in a research report on Wednesday, July 17th. Keefe, Bruyette & Woods boosted their price objective on The Goldman Sachs Group from $555.00 to $570.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th. Barclays boosted their price target on The Goldman Sachs Group from $565.00 to $588.00 and gave the company an "overweight" rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. boosted their target price on shares of The Goldman Sachs Group from $472.00 to $520.00 and gave the company an "overweight" rating in a research note on Wednesday, October 16th. Finally, Wells Fargo & Company upped their price objective on shares of The Goldman Sachs Group from $504.00 to $550.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 16th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $527.63.
View Our Latest Stock Analysis on GS
The Goldman Sachs Group Profile
(Free Report)
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.
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