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

GenTrust LLC trimmed its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 4.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,163 shares of the investment management company’s stock after selling 458 shares during the quarter. GenTrust LLC’s holdings in The Goldman Sachs Group were worth $4,537,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in GS. Waldron Private Wealth LLC grew its holdings in The Goldman Sachs Group by 0.8% during the second quarter. Waldron Private Wealth LLC now owns 2,399 shares of the investment management company’s stock valued at $1,085,000 after purchasing an additional 20 shares during the last quarter. First Pacific Financial grew its holdings in The Goldman Sachs Group by 0.6% in the 3rd quarter. First Pacific Financial now owns 3,167 shares of the investment management company’s stock valued at $1,568,000 after buying an additional 20 shares during the last quarter. Krane Funds Advisors LLC lifted its holdings in shares of The Goldman Sachs Group by 1.7% during the third quarter. Krane Funds Advisors LLC now owns 1,177 shares of the investment management company’s stock worth $583,000 after buying an additional 20 shares during the last quarter. Tanager Wealth Management LLP boosted its position 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 valued at $282,000 after acquiring an additional 20 shares during the period. Finally, M3 Advisory Group LLC grew its stake in shares of The Goldman Sachs Group by 3.9% in the third quarter. M3 Advisory Group LLC now owns 564 shares of the investment management company’s stock worth $279,000 after acquiring an additional 21 shares during the last quarter. Institutional investors own 71.21% of the company’s stock.

Insider Activity

In other news, EVP John F.W. Rogers sold 6,416 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $596.36, for a total transaction of $3,826,245.76. Following the completion of the transaction, the executive vice president now directly owns 57,614 shares in the company, valued at approximately $34,358,685.04. The trade was a 10.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brian J. Lee sold 2,000 shares of the 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 in the company, valued at $5,359,435.50. This represents a 16.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,390 shares of company stock valued at $6,656,119. 0.54% of the stock is currently owned by insiders.

The Goldman Sachs Group Stock Up 1.1 %

Shares of NYSE GS opened at $602.75 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The company has a market cap of $189.21 billion, a price-to-earnings ratio of 17.69, a price-to-earnings-growth ratio of 0.87 and a beta of 1.35. The Goldman Sachs Group, Inc. has a 12-month low of $334.87 and a 12-month high of $607.15. The firm’s 50-day simple moving average is $529.52 and its 200 day simple moving average is $493.78.

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

The Goldman Sachs Group Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend is Monday, December 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 35.21%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. UBS Group upped their target price on shares of The Goldman Sachs Group from $550.00 to $560.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Keefe, Bruyette & Woods boosted their price target on The Goldman Sachs Group from $555.00 to $570.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Evercore ISI raised their price objective on 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. Morgan Stanley boosted their price objective on The Goldman Sachs Group from $560.00 to $570.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Finally, Bank of America raised their target price on The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a research report 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’s stock. Based on data from MarketBeat.com, The Goldman Sachs Group has an average rating of “Moderate Buy” and an average target price of $542.00.

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.