Huntington National Bank Purchases 499 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Huntington National Bank boosted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 5.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,286 shares of the investment management company’s stock after acquiring an additional 499 shares during the period. Huntington National Bank’s holdings in The Goldman Sachs Group were worth $5,093,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of GS. D Orazio & Associates Inc. bought a new stake in shares of The Goldman Sachs Group in the third quarter valued at approximately $202,000. Schrum Private Wealth Management LLC increased its position in The Goldman Sachs Group by 72.4% during the third quarter. Schrum Private Wealth Management LLC now owns 1,248 shares of the investment management company’s stock worth $618,000 after acquiring an additional 524 shares during the period. Kovack Advisors Inc. raised its stake in The Goldman Sachs Group by 2.8% during the 3rd quarter. Kovack Advisors Inc. now owns 2,706 shares of the investment management company’s stock valued at $1,340,000 after purchasing an additional 73 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in The Goldman Sachs Group by 129.9% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 23,709 shares of the investment management company’s stock valued at $11,739,000 after purchasing an additional 13,398 shares during the period. Finally, Pinnacle Financial Partners Inc grew its position in The Goldman Sachs Group by 1.3% in the 3rd quarter. Pinnacle Financial Partners Inc now owns 4,512 shares of the investment management company’s stock worth $2,234,000 after purchasing an additional 58 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CAO Sheara J. Fredman sold 2,974 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total transaction of $1,768,072.74. Following the transaction, the chief accounting officer now owns 8,489 shares of the company’s stock, valued at $5,046,795.39. This represents a 25.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 value 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. The trade was a 16.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,390 shares of company stock valued at $6,656,119 over the last three months. 0.54% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on GS shares. Evercore ISI upped their price objective on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. upped their price target on The Goldman Sachs Group from $472.00 to $520.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Barclays lifted their price objective on The Goldman Sachs Group from $565.00 to $588.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Wolfe Research upgraded The Goldman Sachs Group to a “hold” rating in a research report on Wednesday, September 18th. Finally, Bank of America raised their target price on The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. 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, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $527.63.

The Goldman Sachs Group Stock Down 1.0 %

NYSE GS opened at $588.46 on Friday. The stock’s 50 day simple moving average is $513.80 and its 200 day simple moving average is $486.51. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The Goldman Sachs Group, Inc. has a one year low of $334.55 and a one year high of $607.15. The firm has a market cap of $184.72 billion, a PE ratio of 17.27, a price-to-earnings-growth ratio of 0.86 and a beta of 1.35.

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 return on equity of 11.39% and a net margin of 9.89%. The company had revenue of $12.70 billion for the quarter, compared to analysts’ expectations of $11.77 billion. During the same quarter in the prior year, the business earned $5.47 earnings per share. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 37.15 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 2nd will be given a dividend of $3.00 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.04%. The Goldman Sachs Group’s payout ratio is 35.21%.

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.