Y Intercept Hong Kong Ltd Sells 2,295 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Y Intercept Hong Kong Ltd cut its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 64.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,285 shares of the investment management company’s stock after selling 2,295 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in The Goldman Sachs Group were worth $636,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GS. Glass Jacobson Investment Advisors llc raised its holdings in The Goldman Sachs Group by 76.2% in the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 742 shares of the investment management company’s stock valued at $367,000 after acquiring an additional 321 shares in the last quarter. Raab & Moskowitz Asset Management LLC raised its stake in The Goldman Sachs Group by 4.3% in the third quarter. Raab & Moskowitz Asset Management LLC now owns 1,102 shares of the investment management company’s stock valued at $546,000 after purchasing an additional 45 shares in the last quarter. MML Investors Services LLC lifted its position in The Goldman Sachs Group by 11.0% during the third quarter. MML Investors Services LLC now owns 76,671 shares of the investment management company’s stock worth $37,961,000 after purchasing an additional 7,579 shares during the period. Pacific Center for Financial Services grew its stake in The Goldman Sachs Group by 20.6% during the third quarter. Pacific Center for Financial Services now owns 123 shares of the investment management company’s stock worth $61,000 after buying an additional 21 shares in the last quarter. Finally, CTC Alternative Strategies Ltd. bought a new position in The Goldman Sachs Group in the 3rd quarter valued at about $417,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GS has been the topic of several analyst reports. Wells Fargo & Company increased their price target on shares of The Goldman Sachs Group from $600.00 to $680.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. JMP Securities lifted 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 note on Wednesday, October 9th. Citigroup upped their price objective on The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a research report on Thursday, November 21st. UBS Group lifted their target price on The Goldman Sachs Group from $550.00 to $560.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Finally, Bank of America increased their target price on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $559.75.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS opened at $585.48 on Friday. The firm has a market cap of $183.79 billion, a PE ratio of 17.18, a price-to-earnings-growth ratio of 0.86 and a beta of 1.38. The Goldman Sachs Group, Inc. has a 52 week low of $365.00 and a 52 week high of $612.73. The firm’s fifty day moving average is $561.07 and its 200-day moving average is $508.63. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Tuesday, October 15th. The investment management company reported $8.40 EPS for the quarter, beating 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 firm had revenue of $12.70 billion for the quarter, compared to analyst estimates of $11.77 billion. During the same quarter in the previous year, the company posted $5.47 EPS. The business’s revenue was up 7.4% on a year-over-year basis. Sell-side analysts predict that The Goldman Sachs Group, Inc. will post 37.06 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The company 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. This represents a $12.00 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Monday, December 2nd. The Goldman Sachs Group’s dividend payout ratio is presently 35.21%.

Insiders Place Their Bets

In other news, CEO David M. Solomon sold 6,550 shares of The Goldman Sachs Group stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $610.91, for a total value of $4,001,460.50. Following the completion of the transaction, the chief executive officer now directly owns 117,883 shares of the company’s stock, valued at approximately $72,015,903.53. This trade represents a 5.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Brian J. Lee sold 2,000 shares of the business’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $530.90, for a total value of $1,061,800.00. Following the completion of the transaction, the insider now directly 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 90 days, insiders sold 22,940 shares of company stock worth $13,717,979. 0.54% of the stock is currently owned by insiders.

The Goldman Sachs Group 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.