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

Private Advisor Group LLC cut its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 2.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,398 shares of the investment management company’s stock after selling 394 shares during the period. Private Advisor Group LLC’s holdings in The Goldman Sachs Group were worth $6,004,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Hexagon Capital Partners LLC increased its stake in shares of The Goldman Sachs Group by 3.9% in the second quarter. Hexagon Capital Partners LLC now owns 747 shares of the investment management company’s stock valued at $241,000 after buying an additional 28 shares in the last quarter. Pettee Investors Inc. boosted its holdings in The Goldman Sachs Group by 1.5% in the second quarter. Pettee Investors Inc. now owns 2,075 shares of the investment management company’s stock valued at $669,000 after acquiring an additional 30 shares during the last quarter. O ROURKE & COMPANY Inc boosted its holdings in The Goldman Sachs Group by 1.1% in the second quarter. O ROURKE & COMPANY Inc now owns 2,870 shares of the investment management company’s stock valued at $926,000 after acquiring an additional 31 shares during the last quarter. Schear Investment Advisers LLC boosted its holdings in The Goldman Sachs Group by 1.1% in the second quarter. Schear Investment Advisers LLC now owns 3,022 shares of the investment management company’s stock valued at $975,000 after acquiring an additional 32 shares during the last quarter. Finally, Cresset Asset Management LLC boosted its holdings in The Goldman Sachs Group by 0.4% in the first quarter. Cresset Asset Management LLC now owns 7,682 shares of the investment management company’s stock valued at $2,514,000 after acquiring an additional 34 shares during the last quarter. 69.06% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, major shareholder Goldman Sachs Group Inc sold 72,874 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $0.71, for a total value of $51,740.54. Following the sale, the insider now owns 397,954 shares in the company, valued at approximately $282,547.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on GS shares. UBS Group raised their price target on The Goldman Sachs Group from $385.00 to $400.00 and gave the company a “buy” rating in a report on Monday, July 24th. Atlantic Securities upgraded The Goldman Sachs Group from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $330.00 to $351.00 in a report on Tuesday, August 1st. JMP Securities restated a “market outperform” rating and set a $440.00 target price on shares of The Goldman Sachs Group in a report on Wednesday, October 18th. Citigroup reduced their target price on The Goldman Sachs Group from $400.00 to $380.00 and set a “neutral” rating on the stock in a report on Thursday, September 21st. Finally, StockNews.com initiated coverage on The Goldman Sachs Group in a report on Thursday, October 5th. They set a “hold” rating on the stock. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $393.76.

The Goldman Sachs Group Price Performance

Shares of GS opened at $339.14 on Friday. The firm has a market capitalization of $110.60 billion, a PE ratio of 16.42, a P/E/G ratio of 1.98 and a beta of 1.43. The stock has a 50 day simple moving average of $319.07 and a 200 day simple moving average of $326.72. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.77 and a current ratio of 0.77. The Goldman Sachs Group, Inc. has a 52-week low of $289.36 and a 52-week high of $389.44.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Tuesday, October 17th. The investment management company reported $5.47 EPS for the quarter, beating the consensus estimate of $5.42 by $0.05. The firm had revenue of $11.82 billion for the quarter, compared to analysts’ expectations of $11.15 billion. The Goldman Sachs Group had a return on equity of 7.37% and a net margin of 7.77%. The business’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $8.25 EPS. Sell-side analysts predict that The Goldman Sachs Group, Inc. will post 22.98 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 Thursday, December 28th. Shareholders of record on Thursday, November 30th will be paid a $2.75 dividend. This represents a $11.00 annualized dividend and a yield of 3.24%. The ex-dividend date is Wednesday, November 29th. The Goldman Sachs Group’s payout ratio is 53.24%.

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 resale agreements.