Captrust Financial Advisors Has $21.82 Million Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Captrust Financial Advisors raised its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 3.6% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 44,067 shares of the investment management company’s stock after purchasing an additional 1,522 shares during the period. Captrust Financial Advisors’ holdings in The Goldman Sachs Group were worth $21,818,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Transcend Capital Advisors LLC lifted its stake in The Goldman Sachs Group by 6.7% during the 2nd quarter. Transcend Capital Advisors LLC now owns 2,573 shares of the investment management company’s stock valued at $1,164,000 after acquiring an additional 161 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in shares of The Goldman Sachs Group by 6.4% in the second quarter. Massmutual Trust Co. FSB ADV now owns 12,432 shares of the investment management company’s stock valued at $5,623,000 after purchasing an additional 753 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV lifted its position in shares of The Goldman Sachs Group by 29.3% during the second quarter. Hudson Valley Investment Advisors Inc. ADV now owns 679 shares of the investment management company’s stock valued at $307,000 after purchasing an additional 154 shares in the last quarter. Versant Capital Management Inc boosted its holdings in The Goldman Sachs Group by 228.8% during the second quarter. Versant Capital Management Inc now owns 217 shares of the investment management company’s stock worth $98,000 after purchasing an additional 151 shares during the last quarter. Finally, Bank & Trust Co bought a new stake in The Goldman Sachs Group in the 2nd quarter worth about $39,000. 71.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

GS has been the topic of a number of research analyst reports. HSBC downgraded The Goldman Sachs Group from a “buy” rating to a “hold” rating and boosted their target price for the stock from $569.00 to $608.00 in a research note on Tuesday, November 26th. Barclays boosted their price objective on The Goldman Sachs Group from $565.00 to $588.00 and gave the stock an “overweight” rating in a research report 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 report on Tuesday, November 5th. JMP Securities boosted 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 report on Wednesday, October 9th. Finally, Citigroup raised 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 report on Thursday, November 21st. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, The Goldman Sachs Group has an average rating of “Moderate Buy” and a consensus target price of $550.63.

Insider Buying and Selling

In other news, CAO Sheara J. Fredman sold 2,974 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total transaction of $1,768,072.74. Following the transaction, the chief accounting officer now directly owns 8,489 shares in the company, valued at approximately $5,046,795.39. This represents a 25.94 % decrease in their position. 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 business’s stock in a transaction that occurred 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 owns 10,095 shares of the company’s stock, valued at $5,359,435.50. The trade was a 16.54 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,390 shares of company stock worth $6,656,119. Insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Trading Up 0.5 %

Shares of GS stock opened at $608.57 on Friday. The stock has a market capitalization of $191.04 billion, a price-to-earnings ratio of 17.86, a PEG ratio of 0.88 and a beta of 1.35. The company’s fifty day simple moving average is $540.94 and its two-hundred day simple moving average is $499.44. The Goldman Sachs Group, Inc. has a 1 year low of $340.09 and a 1 year high of $612.73. 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 (NYSE:GS) last issued its earnings results on Tuesday, October 15th. The investment management company reported $8.40 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $11.77 billion. During the same quarter last year, the company earned $5.47 EPS. The firm’s revenue was up 7.4% compared to the same quarter last year. As a group, analysts anticipate that The Goldman Sachs Group, Inc. will post 37.15 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 2nd will be issued a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Monday, December 2nd. The Goldman Sachs Group’s payout ratio is 35.21%.

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.