Tudor Financial Inc. Makes New Investment in The Goldman Sachs Group, Inc. (NYSE:GS)

Tudor Financial Inc. acquired a new stake in The Goldman Sachs Group, Inc. (NYSE:GS) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 460 shares of the investment management company’s stock, valued at approximately $228,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in GS. Chelsea Counsel Co. boosted its position in The Goldman Sachs Group by 400.0% in the 3rd quarter. Chelsea Counsel Co. now owns 375 shares of the investment management company’s stock worth $186,000 after purchasing an additional 300 shares in the last quarter. SkyView Investment Advisors LLC boosted its holdings in The Goldman Sachs Group by 8.8% during the third quarter. SkyView Investment Advisors LLC now owns 3,553 shares of the investment management company’s stock worth $1,759,000 after buying an additional 286 shares in the last quarter. M&T Bank Corp grew its position in The Goldman Sachs Group by 0.6% during the third quarter. M&T Bank Corp now owns 27,271 shares of the investment management company’s stock valued at $13,502,000 after buying an additional 157 shares during the period. Hobbs Group Advisors LLC increased its holdings in The Goldman Sachs Group by 2.1% in the third quarter. Hobbs Group Advisors LLC now owns 2,455 shares of the investment management company’s stock valued at $1,215,000 after buying an additional 51 shares in the last quarter. Finally, Fortem Financial Group LLC acquired a new position in shares of The Goldman Sachs Group in the third quarter worth about $278,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

Analysts Set New Price Targets

GS has been the subject of several recent analyst reports. JMP Securities lifted their price target on The Goldman Sachs Group from $525.00 to $550.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 9th. Hsbc Global Res cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Evercore ISI lifted their price target on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Citigroup boosted their price target 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. Finally, HSBC lowered shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and lifted their target price for the company from $569.00 to $608.00 in a research report on Tuesday, November 26th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and a consensus price target of $559.75.

Insider Activity

In related news, insider Brian J. Lee sold 2,000 shares of The Goldman Sachs Group stock in a transaction that occurred 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 completion of the sale, the insider now owns 10,095 shares in the company, valued at approximately $5,359,435.50. This trade represents a 16.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John F.W. Rogers sold 6,416 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $596.36, for a total value of $3,826,245.76. Following the transaction, the executive vice president now owns 57,614 shares of the company’s stock, valued at approximately $34,358,685.04. This represents a 10.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,940 shares of company stock valued at $13,717,979 in the last quarter. Insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Stock Down 0.1 %

Shares of GS opened at $591.71 on Friday. The stock has a fifty day simple moving average of $557.16 and a two-hundred day simple moving average of $506.84. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The company has a market capitalization of $185.74 billion, a PE ratio of 17.36, a price-to-earnings-growth ratio of 0.86 and a beta of 1.38. The Goldman Sachs Group, Inc. has a 52-week low of $351.60 and a 52-week high of $612.73.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Tuesday, October 15th. The investment management company reported $8.40 earnings per share for the quarter, beating the consensus estimate of $6.89 by $1.51. The company had revenue of $12.70 billion for the quarter, compared to analyst estimates of $11.77 billion. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.39%. The Goldman Sachs Group’s revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the business posted $5.47 EPS. As a group, equities analysts forecast that The Goldman Sachs Group, Inc. will post 37.06 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. Shareholders of record on Monday, December 2nd will be given a $3.00 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $12.00 dividend on an annualized basis and a yield of 2.03%. The Goldman Sachs Group’s dividend payout ratio is currently 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.