Brown Shipley& Co Ltd Sells 196 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Brown Shipley& Co Ltd reduced its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 63.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 111 shares of the investment management company’s stock after selling 196 shares during the quarter. Brown Shipley& Co Ltd’s holdings in The Goldman Sachs Group were worth $55,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Procyon Advisors LLC grew its stake in shares of The Goldman Sachs Group by 5.5% during the 3rd quarter. Procyon Advisors LLC now owns 830 shares of the investment management company’s stock worth $411,000 after acquiring an additional 43 shares in the last quarter. Brookstone Capital Management lifted its position in shares of The Goldman Sachs Group by 19.9% in the third quarter. Brookstone Capital Management now owns 4,582 shares of the investment management company’s stock worth $2,268,000 after purchasing an additional 761 shares in the last quarter. Granite Bay Wealth Management LLC acquired a new position in The Goldman Sachs Group during the second quarter worth $5,529,000. Wedge Capital Management L L P NC grew its position in The Goldman Sachs Group by 3.1% in the second quarter. Wedge Capital Management L L P NC now owns 100,119 shares of the investment management company’s stock valued at $45,286,000 after purchasing an additional 2,993 shares in the last quarter. Finally, PGGM Investments increased its stake in The Goldman Sachs Group by 341.8% in the 1st quarter. PGGM Investments now owns 11,527 shares of the investment management company’s stock valued at $4,815,000 after buying an additional 8,918 shares during the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at The Goldman Sachs Group

In other news, insider Brian J. Lee sold 2,000 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 10,095 shares in the company, valued at $5,359,435.50. This trade represents a 16.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Sheara J. Fredman sold 2,974 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $594.51, for a total transaction of $1,768,072.74. Following the sale, the chief accounting officer now owns 8,489 shares of the company’s stock, valued at $5,046,795.39. This trade represents a 25.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,390 shares of company stock valued at $6,656,119. Company insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on GS. Wells Fargo & Company increased their price objective on shares of The Goldman Sachs Group from $600.00 to $680.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. JMP Securities increased their price target on The Goldman Sachs Group from $525.00 to $550.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 9th. Hsbc Global Res downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Wolfe Research upgraded The Goldman Sachs Group to a “hold” rating in a research note on Wednesday, September 18th. Finally, JPMorgan Chase & Co. raised their price objective on The Goldman Sachs Group from $472.00 to $520.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, The Goldman Sachs Group currently has a consensus rating of “Moderate Buy” and an average price target of $550.63.

The Goldman Sachs Group Stock Down 0.0 %

GS opened at $605.42 on Thursday. The company has a fifty day moving average price of $536.69 and a 200-day moving average price of $497.33. The Goldman Sachs Group, Inc. has a one year low of $334.87 and a one year high of $612.25. The firm has a market capitalization of $190.05 billion, a P/E ratio of 17.76, a price-to-earnings-growth ratio of 0.88 and a beta of 1.35. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Tuesday, October 15th. The investment management company reported $8.40 earnings per share 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 company had revenue of $12.70 billion during the quarter, compared to the consensus estimate of $11.77 billion. During the same quarter in the previous year, the company posted $5.47 EPS. The Goldman Sachs Group’s quarterly revenue was up 7.4% compared to the same quarter last year. Equities 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors 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 yield of 1.98%. The ex-dividend date of this dividend is Monday, December 2nd. The Goldman Sachs Group’s payout ratio is 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.