Heritage Investors Management Corp Has $31.43 Million Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Heritage Investors Management Corp trimmed its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 3.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,474 shares of the investment management company’s stock after selling 2,404 shares during the period. The Goldman Sachs Group makes up approximately 1.0% of Heritage Investors Management Corp’s holdings, making the stock its 27th biggest holding. Heritage Investors Management Corp’s holdings in The Goldman Sachs Group were worth $31,427,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. POM Investment Strategies LLC bought a new stake in The Goldman Sachs Group during the 2nd quarter worth approximately $26,000. Semmax Financial Advisors Inc. bought a new stake in The Goldman Sachs Group during the 2nd quarter worth approximately $26,000. Headlands Technologies LLC bought a new stake in The Goldman Sachs Group during the 2nd quarter worth approximately $27,000. SJS Investment Consulting Inc. increased its stake in The Goldman Sachs Group by 103.3% during the 2nd quarter. SJS Investment Consulting Inc. now owns 61 shares of the investment management company’s stock worth $28,000 after purchasing an additional 31 shares in the last quarter. Finally, Quest Partners LLC increased its stake in The Goldman Sachs Group by 6,300.0% during the 2nd quarter. Quest Partners LLC now owns 64 shares of the investment management company’s stock worth $29,000 after purchasing an additional 63 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at The Goldman Sachs Group

In other news, insider Brian J. Lee sold 2,000 shares of The Goldman Sachs Group stock in a transaction 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 completion of the sale, the insider now owns 10,095 shares of the company’s stock, valued at approximately $5,359,435.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.57% of the company’s stock.

The Goldman Sachs Group Stock Performance

The Goldman Sachs Group stock traded up $3.25 during mid-day trading on Tuesday, hitting $514.72. 121,873 shares of the company’s stock traded hands, compared to its average volume of 2,180,433. The firm has a 50 day simple moving average of $502.52 and a two-hundred day simple moving average of $478.89. The Goldman Sachs Group, Inc. has a fifty-two week low of $319.66 and a fifty-two week high of $540.51. The stock has a market cap of $162.55 billion, a price-to-earnings ratio of 15.01, a P/E/G 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 Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results 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 Goldman Sachs Group had a return on equity of 11.05% and a net margin of 9.89%. The business had revenue of $12.70 billion during the quarter, compared to the consensus estimate of $11.77 billion. During the same quarter last year, the firm posted $5.47 EPS. The company’s quarterly revenue was up 7.4% on a year-over-year basis. On average, research analysts expect that The Goldman Sachs Group, Inc. will post 37.14 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

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 issued a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend is Monday, December 2nd. The Goldman Sachs Group’s dividend payout ratio is currently 35.21%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Barclays increased their target price on The Goldman Sachs Group from $565.00 to $588.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Keefe, Bruyette & Woods raised their price target on shares of The Goldman Sachs Group from $555.00 to $570.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Evercore ISI raised their price target on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Citigroup raised their price target on shares of The Goldman Sachs Group from $460.00 to $485.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 16th. Finally, UBS Group raised their price target on shares of The Goldman Sachs Group from $550.00 to $560.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $524.69.

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.