Vinva Investment Management Ltd Grows Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Vinva Investment Management Ltd raised its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 12.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,902 shares of the investment management company’s stock after acquiring an additional 1,636 shares during the period. Vinva Investment Management Ltd’s holdings in The Goldman Sachs Group were worth $7,429,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Waddell & Associates LLC grew its stake in shares of The Goldman Sachs Group by 2.1% during the 3rd quarter. Waddell & Associates LLC now owns 896 shares of the investment management company’s stock worth $444,000 after purchasing an additional 18 shares during the period. Wescott Financial Advisory Group LLC raised its position in shares of The Goldman Sachs Group by 0.7% in the third quarter. Wescott Financial Advisory Group LLC now owns 2,719 shares of the investment management company’s stock worth $1,346,000 after acquiring an additional 18 shares during the period. Waldron Private Wealth LLC boosted its stake in shares of The Goldman Sachs Group by 0.8% during the 2nd quarter. Waldron Private Wealth LLC now owns 2,399 shares of the investment management company’s stock worth $1,085,000 after acquiring an additional 20 shares in the last quarter. First Pacific Financial increased its stake in shares of 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 purchasing an additional 20 shares in the last quarter. Finally, Krane Funds Advisors LLC increased its stake in shares of The Goldman Sachs Group by 1.7% in the 3rd quarter. Krane Funds Advisors LLC now owns 1,177 shares of the investment management company’s stock valued at $583,000 after purchasing an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on GS shares. UBS Group boosted their price objective 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. Citigroup upped their price objective on shares of 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. Bank of America lifted their target price on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. HSBC lowered The Goldman Sachs Group from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $569.00 to $608.00 in a research note on Tuesday. Finally, Hsbc Global Res lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and a consensus price target of $550.63.

The Goldman Sachs Group Stock Down 0.0 %

Shares of NYSE:GS opened at $605.42 on Thursday. The firm’s 50-day moving average is $536.69 and its two-hundred day moving average is $497.33. 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, Inc. has a 1 year low of $334.87 and a 1 year high of $612.25. The firm has a market capitalization of $190.05 billion, a PE ratio of 17.76, a price-to-earnings-growth ratio of 0.88 and a beta of 1.35.

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 (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $12.70 billion for the quarter, compared to analyst estimates of $11.77 billion. During the same period in the prior year, the business earned $5.47 EPS. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. Analysts predict 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 announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 2nd will be issued a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 1.98%. The ex-dividend date is Monday, December 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 35.21%.

Insider Transactions at The Goldman Sachs Group

In related news, insider Brian J. Lee sold 2,000 shares of the stock in a transaction on 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 transaction, the insider now directly owns 10,095 shares of the company’s stock, 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 accessible through the SEC website. Also, EVP John F.W. Rogers sold 6,416 shares of the 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 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. In the last ninety days, insiders sold 11,390 shares of company stock valued at $6,656,119. 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.