The Goldman Sachs Group, Inc. (NYSE:GS) Shares Bought by Graypoint LLC

Graypoint LLC increased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 2.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,989 shares of the investment management company’s stock after acquiring an additional 139 shares during the period. Graypoint LLC’s holdings in The Goldman Sachs Group were worth $2,470,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in GS. Semmax Financial Advisors Inc. purchased a new position in The Goldman Sachs Group in the 2nd quarter worth about $26,000. POM Investment Strategies LLC purchased a new stake in The Goldman Sachs Group in the 2nd quarter worth about $26,000. Headlands Technologies LLC acquired a new stake in The Goldman Sachs Group during the 2nd quarter worth about $27,000. SJS Investment Consulting Inc. grew 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 valued at $28,000 after acquiring an additional 31 shares in the last quarter. Finally, West Branch Capital LLC acquired a new position in shares of The Goldman Sachs Group in the 3rd quarter valued at about $30,000. 71.21% of the stock is currently owned by institutional investors.

The Goldman Sachs Group Stock Up 13.1 %

Shares of The Goldman Sachs Group stock opened at $595.98 on Thursday. The company has a market capitalization of $188.21 billion, a P/E ratio of 17.49, a price-to-earnings-growth ratio of 0.74 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 business has a 50-day moving average of $504.77 and a two-hundred day moving average of $480.57. The Goldman Sachs Group, Inc. has a 1 year low of $319.66 and a 1 year high of $598.60.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Tuesday, October 15th. The investment management company reported $8.40 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 business had revenue of $12.70 billion during the quarter, compared to the consensus estimate of $11.77 billion. During the same quarter in the previous year, the firm posted $5.47 EPS. The Goldman Sachs Group’s revenue was up 7.4% compared to the same quarter last year. As a group, equities analysts predict that The Goldman Sachs Group, Inc. will post 37.14 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 2nd will be paid a dividend of $3.00 per share. The ex-dividend date is Monday, December 2nd. This represents a $12.00 dividend on an annualized basis and a yield of 2.01%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 35.21%.

Insider Transactions at The Goldman Sachs Group

In other news, insider Brian J. Lee sold 2,000 shares of the company’s 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 transaction, the insider now owns 10,095 shares of the company’s stock, valued at $5,359,435.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on GS shares. Citigroup upped their price target on shares of The Goldman Sachs Group from $460.00 to $485.00 and gave the company a “neutral” rating in a report on Tuesday, July 16th. Evercore ISI raised their price target on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. BMO Capital Markets increased their price objective on The Goldman Sachs Group from $360.00 to $373.00 and gave the company a “market perform” rating in a research report on Wednesday, July 17th. Royal Bank of Canada restated a “sector perform” rating and set a $500.00 target price on shares of The Goldman Sachs Group in a research report on Tuesday, July 30th. Finally, UBS Group lifted their price objective on The Goldman Sachs Group from $550.00 to $560.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $527.63.

About The Goldman Sachs Group

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.