Activest Wealth Management Purchases 193 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Activest Wealth Management boosted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 4,825.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 197 shares of the investment management company’s stock after buying an additional 193 shares during the period. Activest Wealth Management’s holdings in The Goldman Sachs Group were worth $98,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Banco Santander S.A. increased its position in shares of The Goldman Sachs Group by 3.8% in the third quarter. Banco Santander S.A. now owns 63,476 shares of the investment management company’s stock worth $31,428,000 after purchasing an additional 2,317 shares during the last quarter. Smithfield Trust Co lifted its stake in The Goldman Sachs Group by 5.1% during the third quarter. Smithfield Trust Co now owns 909 shares of the investment management company’s stock worth $448,000 after purchasing an additional 44 shares during the last quarter. DE Burlo Group Inc. purchased a new stake in The Goldman Sachs Group in the third quarter worth approximately $17,774,000. Pacer Advisors Inc. boosted its stake in shares of The Goldman Sachs Group by 1.8% in the 3rd quarter. Pacer Advisors Inc. now owns 23,413 shares of the investment management company’s stock valued at $11,592,000 after purchasing an additional 417 shares in the last quarter. Finally, Integrated Investment Consultants LLC increased its holdings in shares of The Goldman Sachs Group by 61.2% in the third quarter. Integrated Investment Consultants LLC now owns 1,473 shares of the investment management company’s stock worth $729,000 after buying an additional 559 shares during the period. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Price Performance

Shares of GS stock traded up $7.92 during trading hours on Thursday, hitting $589.85. 86,041 shares of the company’s stock were exchanged, compared to its average volume of 2,212,071. 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 firm has a market cap of $185.16 billion, a P/E ratio of 17.08, a P/E/G ratio of 0.84 and a beta of 1.35. The Goldman Sachs Group, Inc. has a fifty-two week low of $334.87 and a fifty-two week high of $607.15. The firm has a 50 day moving average of $524.58 and a two-hundred day moving average of $491.95.

The Goldman Sachs Group (NYSE:GS) last announced its 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 business had revenue of $12.70 billion during the quarter, compared to analysts’ expectations of $11.77 billion. During the same quarter in the prior year, the firm earned $5.47 earnings per share. The business’s revenue was up 7.4% compared to the same quarter last year. Sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 37.15 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 2nd will be issued a $3.00 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $12.00 dividend on an annualized basis and a yield of 2.03%. The Goldman Sachs Group’s payout ratio is 35.21%.

Wall Street Analyst Weigh In

GS has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised their target price on 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. Oppenheimer raised their target price on The Goldman Sachs Group from $614.00 to $661.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Keefe, Bruyette & Woods raised their target price on shares of 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. Wolfe Research upgraded shares of The Goldman Sachs Group to a “hold” rating in a research note on Wednesday, September 18th. Finally, Morgan Stanley raised their target price on shares of The Goldman Sachs Group from $560.00 to $570.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and an average price target of $535.75.

Insiders Place Their Bets

In other The Goldman Sachs Group news, insider Brian J. Lee sold 2,000 shares of The Goldman Sachs Group 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 trade represents a 16.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John F.W. Rogers sold 6,416 shares of The Goldman Sachs Group stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $596.36, for a total transaction of $3,826,245.76. Following the completion of the sale, the executive vice president now owns 57,614 shares of the company’s stock, valued at $34,358,685.04. This trade represents a 10.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,390 shares of company stock valued at $6,656,119 in the last ninety days. 0.54% of the stock is currently owned by corporate 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.