The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by SRN Advisors LLC

SRN Advisors LLC lowered its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 67.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 747 shares of the investment management company’s stock after selling 1,573 shares during the quarter. SRN Advisors LLC’s holdings in The Goldman Sachs Group were worth $370,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in GS. Wealthcare Advisory Partners LLC lifted its position in shares of The Goldman Sachs Group by 15.7% during the first quarter. Wealthcare Advisory Partners LLC now owns 2,238 shares of the investment management company’s stock worth $935,000 after purchasing an additional 304 shares during the last quarter. Vicus Capital acquired a new position in shares of The Goldman Sachs Group in the 1st quarter worth approximately $206,000. Symphony Financial Ltd. Co. increased its holdings in shares of The Goldman Sachs Group by 15.0% in the 1st quarter. Symphony Financial Ltd. Co. now owns 761 shares of the investment management company’s stock valued at $318,000 after acquiring an additional 99 shares during the last quarter. Breakwater Capital Group raised its position in shares of The Goldman Sachs Group by 13.2% during the 1st quarter. Breakwater Capital Group now owns 869 shares of the investment management company’s stock valued at $363,000 after acquiring an additional 101 shares in the last quarter. Finally, LVW Advisors LLC lifted its stake in The Goldman Sachs Group by 29.0% during the first quarter. LVW Advisors LLC now owns 1,139 shares of the investment management company’s stock worth $476,000 after purchasing an additional 256 shares during the last quarter. Institutional investors own 71.21% of the company’s stock.

Insider Activity at The Goldman Sachs Group

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 sale, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

GS has been the topic of a number of research reports. Seaport Res Ptn cut shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 2nd. Morgan Stanley increased their price objective on shares of The Goldman Sachs Group from $560.00 to $570.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. JMP Securities lifted their target price 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. Oppenheimer increased their price target on The Goldman Sachs Group from $577.00 to $614.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Finally, UBS Group boosted their price objective on The Goldman Sachs Group from $550.00 to $560.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, The Goldman Sachs Group has a consensus rating of “Moderate Buy” and a consensus target price of $524.69.

The Goldman Sachs Group Stock Performance

Shares of GS opened at $512.60 on Friday. The firm has a market capitalization of $161.88 billion, a PE ratio of 15.04, a P/E/G ratio of 0.75 and a beta of 1.36. The company has a quick ratio of 0.72, a current ratio of 1.11 and a debt-to-equity ratio of 2.07. The firm has a 50-day moving average price of $500.37 and a 200 day moving average price of $473.24. The Goldman Sachs Group, Inc. has a 52-week low of $289.36 and a 52-week high of $540.51.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Tuesday, October 15th. The investment management company reported $8.40 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business’s revenue was up 7.4% on a year-over-year basis. During the same period last year, the firm posted $5.47 earnings per share. On average, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 37.14 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

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 issued a $3.00 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $12.00 annualized dividend and a dividend yield of 2.34%. The Goldman Sachs Group’s dividend payout ratio (DPR) 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.