The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by HMS Capital Management LLC

HMS Capital Management LLC reduced its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 0.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 6,751 shares of the investment management company’s stock after selling 39 shares during the quarter. The Goldman Sachs Group makes up about 1.6% of HMS Capital Management LLC’s holdings, making the stock its 12th largest holding. HMS Capital Management LLC’s holdings in The Goldman Sachs Group were worth $3,342,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Norden Group LLC purchased a new stake in The Goldman Sachs Group during the first quarter worth $220,000. Larson Financial Group LLC increased its stake in The Goldman Sachs Group by 53.1% during the first quarter. Larson Financial Group LLC now owns 767 shares of the investment management company’s stock worth $320,000 after acquiring an additional 266 shares during the last quarter. FDx Advisors Inc. purchased a new position in The Goldman Sachs Group in the first quarter valued at approximately $226,000. Csenge Advisory Group lifted its holdings in shares of The Goldman Sachs Group by 8.5% during the 1st quarter. Csenge Advisory Group now owns 1,568 shares of the investment management company’s stock valued at $655,000 after acquiring an additional 123 shares in the last quarter. Finally, Blue Square Asset Management LLC boosted its position in shares of The Goldman Sachs Group by 25.4% in the first quarter. Blue Square Asset Management LLC now owns 5,798 shares of the investment management company’s stock worth $2,422,000 after buying an additional 1,173 shares during the period. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Brian J. Lee sold 2,000 shares of the business’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 value 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 approximately $5,359,435.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.57% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Evercore ISI lifted their price target on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. UBS Group increased their price objective on shares of The Goldman Sachs Group from $550.00 to $560.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. 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. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $500.00 target price on shares of The Goldman Sachs Group in a research note on Tuesday, July 30th. Finally, JPMorgan Chase & Co. upped their price target on shares of The Goldman Sachs Group from $472.00 to $520.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $527.63.

The Goldman Sachs Group Stock Up 3.0 %

Shares of NYSE:GS opened at $527.04 on Wednesday. The firm has a 50 day simple moving average of $502.91 and a 200 day simple moving average of $479.76. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.72 and a current ratio of 1.11. The Goldman Sachs Group, Inc. has a 52 week low of $319.66 and a 52 week high of $540.51. The company has a market cap of $166.44 billion, a PE ratio of 15.46, a price-to-earnings-growth ratio of 0.75 and a beta of 1.35.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Tuesday, October 15th. The investment management company reported $8.40 earnings per share for the quarter, beating analysts’ consensus estimates of $6.89 by $1.51. The business had revenue of $12.70 billion for 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 Goldman Sachs Group’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 earnings per share. As a group, research analysts expect that The Goldman Sachs Group, Inc. will post 37.14 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 2nd will be paid a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend is Monday, December 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 35.21%.

The Goldman Sachs Group Company 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.