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

Invictus Private Wealth LLC lessened its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 33,368 shares of the investment management company’s stock after selling 379 shares during the quarter. The Goldman Sachs Group comprises approximately 1.3% of Invictus Private Wealth LLC’s holdings, making the stock its 18th largest position. Invictus Private Wealth LLC’s holdings in The Goldman Sachs Group were worth $16,521,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of GS. Procyon Advisors LLC lifted its position in The Goldman Sachs Group by 5.5% in the third quarter. Procyon Advisors LLC now owns 830 shares of the investment management company’s stock worth $411,000 after purchasing an additional 43 shares during the period. Brookstone Capital Management lifted its holdings in shares of The Goldman Sachs Group by 19.9% in the third quarter. Brookstone Capital Management now owns 4,582 shares of the investment management company’s stock valued at $2,268,000 after buying an additional 761 shares during the period. Empowered Funds LLC boosted its stake in The Goldman Sachs Group by 62.7% during the first quarter. Empowered Funds LLC now owns 6,301 shares of the investment management company’s stock valued at $2,632,000 after buying an additional 2,428 shares in the last quarter. Duality Advisers LP acquired a new position in The Goldman Sachs Group during the first quarter worth about $1,388,000. Finally, Axxcess Wealth Management LLC raised its position in The Goldman Sachs Group by 25.5% in the first quarter. Axxcess Wealth Management LLC now owns 12,013 shares of the investment management company’s stock worth $5,018,000 after acquiring an additional 2,442 shares in the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Price Performance

Shares of GS opened at $527.04 on Wednesday. The business’s 50-day moving average is $502.91 and its 200-day moving average is $479.76. 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 company has a market capitalization of $166.44 billion, a price-to-earnings ratio of 15.46, a P/E/G ratio of 0.75 and a beta of 1.35. The Goldman Sachs Group, Inc. has a fifty-two week low of $319.66 and a fifty-two week high of $540.51.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Tuesday, October 15th. The investment management company reported $8.40 earnings per share (EPS) for the quarter, topping 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 company had revenue of $12.70 billion during the quarter, compared to the consensus estimate of $11.77 billion. During the same quarter in the prior year, the firm earned $5.47 EPS. The company’s revenue was up 7.4% compared to the same quarter last year. Equities research analysts expect that The Goldman Sachs Group, Inc. will post 37.14 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. Shareholders of record on Monday, December 2nd will be paid a $3.00 dividend. The ex-dividend date is Monday, December 2nd. This represents a $12.00 dividend on an annualized basis and a yield of 2.28%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 35.21%.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

GS has been the subject of several research reports. Royal Bank of Canada restated a “sector perform” rating and set a $500.00 price objective on shares of The Goldman Sachs Group in a research report on Tuesday, July 30th. Morgan Stanley raised their target price on shares of The Goldman Sachs Group from $560.00 to $570.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Keefe, Bruyette & Woods upped their price target on The Goldman Sachs Group from $555.00 to $570.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Citigroup raised their price objective on 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, Evercore ISI lifted their target price on The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $527.63.

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.