The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Baker Avenue Asset Management LP

Baker Avenue Asset Management LP decreased its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 11,691 shares of the investment management company’s stock after selling 186 shares during the period. Baker Avenue Asset Management LP’s holdings in The Goldman Sachs Group were worth $5,788,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Semmax Financial Advisors Inc. acquired a new stake in The Goldman Sachs Group in the 2nd quarter valued at about $26,000. POM Investment Strategies LLC acquired a new stake in The Goldman Sachs Group during the second quarter valued at approximately $26,000. Headlands Technologies LLC bought a new stake in The Goldman Sachs Group during the second quarter worth approximately $27,000. SJS Investment Consulting Inc. grew its position in The Goldman Sachs Group by 103.3% in the second quarter. SJS Investment Consulting Inc. now owns 61 shares of the investment management company’s stock worth $28,000 after buying an additional 31 shares during the last quarter. Finally, West Branch Capital LLC bought a new position in shares of The Goldman Sachs Group in the third quarter valued at $30,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Up 1.2 %

GS stock traded up $7.09 during trading hours on Friday, hitting $589.26. The company’s stock had a trading volume of 2,713,956 shares, compared to its average volume of 2,268,716. The stock has a 50 day moving average price of $507.79 and a two-hundred day moving average price of $482.47. The Goldman Sachs Group, Inc. has a 12 month low of $319.66 and a 12 month high of $598.60. The company has a market capitalization of $184.97 billion, a PE ratio of 17.29, a price-to-earnings-growth ratio of 0.87 and a beta of 1.35. The company has a quick ratio of 0.72, a current ratio of 0.67 and a debt-to-equity ratio of 2.32.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Tuesday, October 15th. The investment management company reported $8.40 EPS for the quarter, topping 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 the consensus estimate of $11.77 billion. During the same period in the prior year, the business posted $5.47 earnings per share. The business’s quarterly revenue was up 7.4% on a year-over-year basis. On average, equities research analysts expect that The Goldman Sachs Group, Inc. will post 37.15 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The business 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 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 yield of 2.04%. The Goldman Sachs Group’s payout ratio is currently 35.21%.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Brian J. Lee sold 2,000 shares of the company’s 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 sale, the insider now directly owns 10,095 shares in the company, valued at $5,359,435.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 2,974 shares of the firm’s stock in a transaction 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 in the company, valued at $5,046,795.39. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Brian J. Lee sold 2,000 shares of the company’s 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 transaction, the insider now directly owns 10,095 shares of the company’s stock, valued at $5,359,435.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,390 shares of company stock worth $6,656,119 over the last 90 days. Insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on GS shares. UBS Group lifted their target price on The Goldman Sachs Group from $550.00 to $560.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. boosted their price objective on The Goldman Sachs Group from $472.00 to $520.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. JMP Securities raised their target price on shares of The Goldman Sachs Group from $525.00 to $550.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 9th. Bank of America boosted their price target on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Finally, Barclays raised their price objective on shares of The Goldman Sachs Group from $565.00 to $588.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $527.63.

About The Goldman Sachs Group

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.