Invictus Private Wealth LLC Sells 379 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Invictus Private Wealth LLC decreased its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.1% during the third quarter, HoldingsChannel.com reports. The fund owned 33,368 shares of the investment management company’s stock after selling 379 shares during the period. The Goldman Sachs Group makes up 1.3% of Invictus Private Wealth LLC’s holdings, making the stock its 18th largest position. Invictus Private Wealth LLC’s holdings in The Goldman Sachs Group were worth $16,521,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in GS. Catalina Capital Group LLC raised its holdings in The Goldman Sachs Group by 4.7% in the 3rd quarter. Catalina Capital Group LLC now owns 2,764 shares of the investment management company’s stock worth $1,368,000 after acquiring an additional 124 shares during the period. Crescent Grove Advisors LLC bought a new position in shares of The Goldman Sachs Group in the third quarter worth about $203,000. Falcon Wealth Planning acquired a new position in shares of The Goldman Sachs Group during the 3rd quarter worth about $225,000. Crestwood Advisors Group LLC boosted its stake in The Goldman Sachs Group by 2.4% during the 3rd quarter. Crestwood Advisors Group LLC now owns 13,301 shares of the investment management company’s stock valued at $6,585,000 after purchasing an additional 309 shares during the period. Finally, Geneva Partners LLC bought a new stake in The Goldman Sachs Group during the 3rd quarter valued at approximately $495,000. 71.21% of the stock is owned by institutional investors.

Insider Buying and Selling

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 completion of the sale, the insider now directly owns 10,095 shares in the company, valued at approximately $5,359,435.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.57% of the stock is owned by corporate insiders.

The Goldman Sachs Group Stock Performance

The Goldman Sachs Group stock opened at $527.04 on Wednesday. The firm has a market capitalization of $166.44 billion, a P/E ratio of 15.46, a P/E/G ratio of 0.75 and a beta of 1.35. The stock has a fifty day moving average price of $502.91 and a two-hundred day moving average price of $479.76. The Goldman Sachs Group, Inc. has a 52-week low of $319.66 and a 52-week high of $540.51. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.11 and a quick ratio of 0.72.

The Goldman Sachs Group (NYSE:GS) last announced 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 business had revenue of $12.70 billion during the quarter, compared to analysts’ expectations of $11.77 billion. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.05%. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the company posted $5.47 EPS. As a group, analysts anticipate that The Goldman Sachs Group, Inc. will post 37.14 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 2nd will be issued a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 2.28%. The ex-dividend date is Monday, December 2nd. The Goldman Sachs Group’s payout ratio is currently 35.21%.

Wall Street Analyst Weigh In

GS has been the subject of a number of research analyst reports. Oppenheimer upped their price target on The Goldman Sachs Group from $614.00 to $661.00 and gave the stock an “outperform” rating in a report on Tuesday. Barclays upped their target price on shares of The Goldman Sachs Group from $565.00 to $588.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. JMP Securities raised their price target on shares of The Goldman Sachs Group from $525.00 to $550.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods upped their price objective on shares of The Goldman Sachs Group from $555.00 to $570.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Finally, Morgan Stanley lifted their target price on The Goldman Sachs Group from $560.00 to $570.00 and gave the stock an “overweight” rating in a research 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $527.63.

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.