The Goldman Sachs Group, Inc. (NYSE:GS) Shares Bought by KBC Group NV

KBC Group NV lifted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 78.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 112,025 shares of the investment management company’s stock after buying an additional 49,343 shares during the period. KBC Group NV’s holdings in The Goldman Sachs Group were worth $55,465,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Huntington National Bank increased its stake in The Goldman Sachs Group by 5.1% during the third quarter. Huntington National Bank now owns 10,286 shares of the investment management company’s stock worth $5,093,000 after acquiring an additional 499 shares during the last quarter. D Orazio & Associates Inc. purchased a new position in shares of The Goldman Sachs Group during the 3rd quarter worth $202,000. Schrum Private Wealth Management LLC grew its holdings in shares of The Goldman Sachs Group by 72.4% during the 3rd quarter. Schrum Private Wealth Management LLC now owns 1,248 shares of the investment management company’s stock worth $618,000 after purchasing an additional 524 shares during the period. Kovack Advisors Inc. increased its position in shares of 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 worth $1,340,000 after purchasing an additional 73 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised 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 buying an additional 13,398 shares during the period. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Down 1.0 %

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

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Tuesday, October 15th. The investment management company reported $8.40 EPS for the quarter, beating analysts’ consensus estimates of $6.89 by $1.51. The company had revenue of $12.70 billion for the quarter, compared to the consensus estimate of $11.77 billion. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.39%. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.47 EPS. On average, equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 37.15 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders 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 yield of 2.04%. The ex-dividend date is Monday, December 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is 35.21%.

Insider Transactions at The Goldman Sachs Group

In other news, EVP John F.W. Rogers sold 6,416 shares of The Goldman Sachs Group stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $596.36, for a total transaction of $3,826,245.76. Following the sale, the executive vice president now owns 57,614 shares in the company, valued at approximately $34,358,685.04. The trade was a 10.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brian J. Lee sold 2,000 shares of the business’s stock in a transaction dated Thursday, October 17th. The shares were 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 directly owns 10,095 shares of the company’s stock, valued at $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. In the last ninety days, insiders sold 11,390 shares of company stock valued at $6,656,119. 0.54% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GS. Wolfe Research upgraded shares of The Goldman Sachs Group to a “hold” rating in a research report on Wednesday, September 18th. JMP Securities lifted their target price on shares of The Goldman Sachs Group from $525.00 to $550.00 and gave the company a “market outperform” rating in a report on Wednesday, October 9th. UBS Group boosted their target price on The Goldman Sachs Group from $550.00 to $560.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Keefe, Bruyette & Woods raised their price target on The Goldman Sachs Group from $555.00 to $570.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Finally, Oppenheimer boosted their price objective on The Goldman Sachs Group from $614.00 to $661.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price 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.