Huntington National Bank Has $5.09 Million Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Huntington National Bank raised its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 5.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 10,286 shares of the investment management company’s stock after buying an additional 499 shares during the period. Huntington National Bank’s holdings in The Goldman Sachs Group were worth $5,093,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. D Orazio & Associates Inc. acquired a new position in shares of The Goldman Sachs Group during the 3rd quarter worth about $202,000. Schrum Private Wealth Management LLC boosted its stake in The Goldman Sachs Group by 72.4% during the 3rd quarter. Schrum Private Wealth Management LLC now owns 1,248 shares of the investment management company’s stock worth $618,000 after acquiring an additional 524 shares during the last quarter. Kovack Advisors Inc. grew its holdings in The Goldman Sachs Group by 2.8% during the third quarter. Kovack Advisors Inc. now owns 2,706 shares of the investment management company’s stock valued at $1,340,000 after purchasing an additional 73 shares during the period. Oppenheimer Asset Management Inc. increased its stake in The Goldman Sachs Group by 129.9% in the third quarter. Oppenheimer Asset Management Inc. now owns 23,709 shares of the investment management company’s stock valued at $11,739,000 after purchasing an additional 13,398 shares in the last quarter. Finally, Pinnacle Financial Partners Inc raised its holdings in The Goldman Sachs Group by 1.3% in the third quarter. Pinnacle Financial Partners Inc now owns 4,512 shares of the investment management company’s stock worth $2,234,000 after purchasing an additional 58 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on GS shares. Oppenheimer boosted their price target on shares of The Goldman Sachs Group from $614.00 to $661.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $500.00 price target on shares of The Goldman Sachs Group in a research report on Tuesday, July 30th. Wolfe Research raised The Goldman Sachs Group to a “hold” rating in a research note on Wednesday, September 18th. Keefe, Bruyette & Woods lifted their price target 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. Finally, Bank of America increased their price objective on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $527.63.

The Goldman Sachs Group Stock Performance

Shares of NYSE GS opened at $588.46 on Friday. 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 stock has a 50 day moving average price of $513.80 and a 200 day moving average price of $486.51. The stock has a market capitalization of $184.72 billion, a PE ratio of 17.27, a price-to-earnings-growth ratio of 0.86 and a beta of 1.35. The Goldman Sachs Group, Inc. has a 52 week low of $334.55 and a 52 week high of $607.15.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Tuesday, October 15th. The investment management company reported $8.40 EPS for the quarter, beating the consensus estimate of $6.89 by $1.51. The company had revenue of $12.70 billion during the quarter, compared to the consensus estimate of $11.77 billion. The Goldman Sachs Group had a return on equity of 11.39% and a net margin of 9.89%. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.47 EPS. Analysts predict that The Goldman Sachs Group, Inc. will post 37.15 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 2nd will be paid a dividend of $3.00 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $12.00 annualized dividend and a dividend yield of 2.04%. The Goldman Sachs Group’s dividend payout ratio is presently 35.21%.

Insider Activity

In other news, CAO Sheara J. Fredman sold 2,974 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $594.51, for a total value of $1,768,072.74. Following the transaction, the chief accounting officer now directly owns 8,489 shares of the company’s stock, valued at $5,046,795.39. This represents a 25.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian J. Lee sold 2,000 shares of the firm’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $530.90, for a total transaction of $1,061,800.00. Following the sale, the insider now owns 10,095 shares of the company’s stock, valued at approximately $5,359,435.50. This represents a 16.54 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,390 shares of company stock valued at $6,656,119. 0.54% of the stock is owned by company insiders.

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.