Gulf International Bank UK Ltd Sells 1,088 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Gulf International Bank UK Ltd trimmed its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 4.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,571 shares of the investment management company’s stock after selling 1,088 shares during the quarter. Gulf International Bank UK Ltd’s holdings in The Goldman Sachs Group were worth $12,660,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. POM Investment Strategies LLC bought a new stake in shares of The Goldman Sachs Group during the 2nd quarter valued at $26,000. Semmax Financial Advisors Inc. purchased a new position in The Goldman Sachs Group during the second quarter valued at $26,000. Headlands Technologies LLC bought a new stake in The Goldman Sachs Group during the second quarter valued at about $27,000. SJS Investment Consulting Inc. increased its position in The Goldman Sachs Group by 103.3% in the second quarter. SJS Investment Consulting Inc. now owns 61 shares of the investment management company’s stock worth $28,000 after buying an additional 31 shares in the last quarter. Finally, Quest Partners LLC raised its stake in shares of The Goldman Sachs Group by 6,300.0% in the second quarter. Quest Partners LLC now owns 64 shares of the investment management company’s stock worth $29,000 after buying an additional 63 shares during the period. Institutional investors own 71.21% of the company’s stock.

Wall Street Analyst Weigh In

GS has been the subject of several analyst reports. Wells Fargo & Company increased their target price on shares of The Goldman Sachs Group from $504.00 to $550.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Bank of America lifted their target price on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. 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 note on Wednesday, October 16th. Barclays boosted their price objective on The Goldman Sachs Group from $565.00 to $588.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Finally, Keefe, Bruyette & Woods lifted their target price on 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. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $524.69.

Insiders Place Their Bets

In other news, insider Brian J. Lee sold 2,000 shares of the company’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 transaction, the insider now owns 10,095 shares of the company’s stock, valued at approximately $5,359,435.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.57% of the stock is owned by insiders.

The Goldman Sachs Group Trading Down 1.5 %

Shares of GS stock opened at $511.47 on Tuesday. The company has a market cap of $161.52 billion, a PE ratio of 15.01, a price-to-earnings-growth ratio of 0.75 and a beta of 1.35. 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 stock’s 50 day simple moving average is $502.52 and its two-hundred day simple moving average is $478.89. The Goldman Sachs Group, Inc. has a 1 year low of $319.66 and a 1 year 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 for the quarter, beating analysts’ consensus estimates 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 business had revenue of $12.70 billion for the quarter, compared to analysts’ expectations of $11.77 billion. During the same quarter in the previous year, the business posted $5.47 earnings per share. The business’s revenue was up 7.4% compared to the same quarter last year. Research analysts predict that The Goldman Sachs Group, Inc. will post 37.14 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 2nd will be given a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend is Monday, December 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) 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.