The Goldman Sachs Group, Inc. (NYSE:GS) Shares Bought by Atlanta Consulting Group Advisors LLC

Atlanta Consulting Group Advisors LLC grew its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 5.6% during the 3rd quarter, Holdings Channel reports. The firm owned 1,199 shares of the investment management company’s stock after buying an additional 64 shares during the period. Atlanta Consulting Group Advisors LLC’s holdings in The Goldman Sachs Group were worth $594,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the stock. Schear Investment Advisers LLC raised its stake in The Goldman Sachs Group by 10.8% in the 3rd quarter. Schear Investment Advisers LLC now owns 3,243 shares of the investment management company’s stock valued at $1,606,000 after purchasing an additional 316 shares during the last quarter. Turtle Creek Wealth Advisors LLC raised its position in shares of The Goldman Sachs Group by 24.7% in the third quarter. Turtle Creek Wealth Advisors LLC now owns 706 shares of the investment management company’s stock valued at $350,000 after buying an additional 140 shares during the last quarter. Natixis Advisors LLC lifted its stake in shares of The Goldman Sachs Group by 26.1% during the third quarter. Natixis Advisors LLC now owns 448,807 shares of the investment management company’s stock valued at $222,209,000 after buying an additional 92,819 shares during the period. Mizuho Securities USA LLC boosted its position in The Goldman Sachs Group by 30,068.9% during the third quarter. Mizuho Securities USA LLC now owns 7,500,000 shares of the investment management company’s stock worth $3,713,325,000 after acquiring an additional 7,475,140 shares during the last quarter. Finally, KCM Investment Advisors LLC grew its stake in The Goldman Sachs Group by 0.6% in the 3rd quarter. KCM Investment Advisors LLC now owns 6,406 shares of the investment management company’s stock worth $3,172,000 after acquiring an additional 37 shares during the period. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on GS shares. Oppenheimer increased their price target on The Goldman Sachs Group from $614.00 to $661.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Morgan Stanley increased 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. Barclays lifted their price target on The Goldman Sachs Group from $565.00 to $588.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. increased their price objective on shares of The Goldman Sachs Group from $472.00 to $520.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Finally, JMP Securities boosted their target price on shares of The Goldman Sachs Group from $525.00 to $550.00 and gave the company a “market outperform” rating in a report on Wednesday, October 9th. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $535.75.

The Goldman Sachs Group Stock Up 0.8 %

Shares of NYSE GS opened at $593.54 on Monday. The stock has a fifty day moving average price of $518.10 and a 200 day moving average price of $489.21. The company has a market cap of $186.32 billion, a P/E ratio of 17.42, a P/E/G ratio of 0.86 and a beta of 1.35. The Goldman Sachs Group, Inc. has a 12-month low of $334.55 and a 12-month high of $607.15. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results 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 business had revenue of $12.70 billion for 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 company’s revenue was up 7.4% on a year-over-year basis. During the same period last year, the business posted $5.47 EPS. Research analysts anticipate that The Goldman Sachs Group, Inc. will post 37.15 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 2nd will be given a dividend of $3.00 per share. The ex-dividend date is Monday, December 2nd. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.02%. The Goldman Sachs Group’s payout ratio is currently 35.21%.

Insider Activity

In other news, CAO Sheara J. Fredman sold 2,974 shares of the stock in a transaction that occurred on 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 completion of 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Brian J. Lee sold 2,000 shares of the firm’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 transaction of $1,061,800.00. Following the sale, the insider now directly 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 sold 11,390 shares of company stock worth $6,656,119. 0.54% of the stock is currently owned by company insiders.

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.