Northern Financial Advisors Inc Acquires 48 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Northern Financial Advisors Inc increased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,856 shares of the investment management company’s stock after acquiring an additional 48 shares during the period. The Goldman Sachs Group makes up 1.4% of Northern Financial Advisors Inc’s investment portfolio, making the stock its 20th largest holding. Northern Financial Advisors Inc’s holdings in The Goldman Sachs Group were worth $1,909,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of GS. Waldron Private Wealth LLC lifted its position in The Goldman Sachs Group by 0.8% during the second quarter. Waldron Private Wealth LLC now owns 2,399 shares of the investment management company’s stock valued at $1,085,000 after purchasing an additional 20 shares during the last quarter. First Pacific Financial lifted its position in The Goldman Sachs Group by 0.6% during the third quarter. First Pacific Financial now owns 3,167 shares of the investment management company’s stock valued at $1,568,000 after purchasing an additional 20 shares during the last quarter. Krane Funds Advisors LLC lifted its position in The Goldman Sachs Group by 1.7% during the third quarter. Krane Funds Advisors LLC now owns 1,177 shares of the investment management company’s stock valued at $583,000 after purchasing an additional 20 shares during the last quarter. Tanager Wealth Management LLP lifted its position in The Goldman Sachs Group by 3.6% during the third quarter. Tanager Wealth Management LLP now owns 569 shares of the investment management company’s stock valued at $282,000 after purchasing an additional 20 shares during the last quarter. Finally, M3 Advisory Group LLC lifted its position in The Goldman Sachs Group by 3.9% during the third quarter. M3 Advisory Group LLC now owns 564 shares of the investment management company’s stock valued at $279,000 after purchasing an additional 21 shares during the last quarter. Institutional investors own 71.21% of the company’s stock.

Insiders Place Their Bets

In other The Goldman Sachs Group news, insider Brian J. Lee sold 2,000 shares of the stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $530.90, for a total transaction of $1,061,800.00. Following the transaction, the insider now directly owns 10,095 shares in the company, valued at $5,359,435.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.54% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have commented on GS. Wells Fargo & Company increased their price objective on shares of The Goldman Sachs Group from $504.00 to $550.00 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. Wolfe Research raised shares of The Goldman Sachs Group to a “hold” rating in a research note on Wednesday, September 18th. JMP Securities increased 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 research note on Wednesday, October 9th. Keefe, Bruyette & Woods increased their target price on shares of The Goldman Sachs Group from $555.00 to $570.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $500.00 target price on shares of The Goldman Sachs Group in a research note on Tuesday, July 30th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of “Moderate Buy” and an average target price of $524.69.

The Goldman Sachs Group Stock Up 0.3 %

Shares of The Goldman Sachs Group stock opened at $519.35 on Friday. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.11 and a quick ratio of 0.72. The Goldman Sachs Group, Inc. has a 1 year low of $308.00 and a 1 year high of $540.51. The firm’s 50-day moving average is $502.45 and its two-hundred day moving average is $477.61. The stock has a market cap of $164.01 billion, a price-to-earnings ratio of 15.24, a PEG ratio of 0.75 and a beta of 1.35.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Tuesday, October 15th. The investment management company reported $8.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.89 by $1.51. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.05%. The company had revenue of $12.70 billion for the quarter, compared to analysts’ expectations of $11.77 billion. During the same period in the prior year, the business earned $5.47 EPS. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. As a group, research analysts expect 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 firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders 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 yield of 2.31%. The ex-dividend date is Monday, December 2nd. The Goldman Sachs Group’s payout ratio is 35.21%.

The Goldman Sachs Group Company 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.