Greenleaf Trust Has $5.24 Million Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Greenleaf Trust boosted its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 0.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,581 shares of the investment management company’s stock after acquiring an additional 26 shares during the period. Greenleaf Trust’s holdings in The Goldman Sachs Group were worth $5,239,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. POM Investment Strategies LLC bought a new position in shares of The Goldman Sachs Group in the 2nd quarter worth $26,000. Semmax Financial Advisors Inc. purchased a new position in The Goldman Sachs Group during the second quarter worth about $26,000. Headlands Technologies LLC purchased a new position in The Goldman Sachs Group during the second quarter worth about $27,000. SJS Investment Consulting Inc. boosted its stake in The Goldman Sachs Group by 103.3% in the second quarter. SJS Investment Consulting Inc. now owns 61 shares of the investment management company’s stock valued at $28,000 after acquiring an additional 31 shares during the last quarter. Finally, Quest Partners LLC boosted its stake in The Goldman Sachs Group by 6,300.0% in the second quarter. Quest Partners LLC now owns 64 shares of the investment management company’s stock valued at $29,000 after acquiring an additional 63 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of The Goldman Sachs Group from $472.00 to $520.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Wells Fargo & Company boosted their price target on shares of The Goldman Sachs Group from $504.00 to $550.00 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. JMP Securities boosted their price target on shares of 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. Bank of America boosted their price target on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Finally, UBS Group upped their price objective 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. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $524.69.

Insiders Place Their Bets

In other The Goldman Sachs Group news, 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 approximately $5,359,435.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.54% of the stock is currently owned by corporate insiders.

The Goldman Sachs Group Stock Performance

Shares of GS traded up $0.07 on Wednesday, reaching $518.37. The company’s stock had a trading volume of 66,736 shares, compared to its average volume of 2,203,451. The Goldman Sachs Group, Inc. has a 12-month low of $289.36 and a 12-month high of $540.51. The stock has a market capitalization of $167.16 billion, a P/E ratio of 20.24, a PEG ratio of 0.77 and a beta of 1.36. The stock’s 50 day simple moving average is $499.33 and its two-hundred day simple moving average is $471.42. The company has a debt-to-equity ratio of 2.20, a current ratio of 0.72 and a quick ratio of 0.72.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results 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 company had revenue of $12.70 billion for the quarter, compared to analysts’ expectations of $11.77 billion. The Goldman Sachs Group had a net margin of 9.36% and a return on equity of 10.56%. The Goldman Sachs Group’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.47 earnings per share. Research analysts forecast that The Goldman Sachs Group, Inc. will post 35.52 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently disclosed 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 2.31%. The ex-dividend date is Monday, December 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 46.86%.

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.