The Goldman Sachs Group, Inc. (NYSE:GS) Stock Holdings Boosted by D.A. Davidson & CO.

D.A. Davidson & CO. boosted its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 5.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 38,586 shares of the investment management company’s stock after buying an additional 1,921 shares during the quarter. D.A. Davidson & CO.’s holdings in The Goldman Sachs Group were worth $19,105,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GS. Acadian Asset Management LLC boosted its position in shares of The Goldman Sachs Group by 407.2% during the first quarter. Acadian Asset Management LLC now owns 421 shares of the investment management company’s stock worth $175,000 after buying an additional 338 shares during the period. Silvercrest Asset Management Group LLC grew its stake in shares of The Goldman Sachs Group by 0.5% in the first quarter. Silvercrest Asset Management Group LLC now owns 21,375 shares of the investment management company’s stock worth $8,928,000 after purchasing an additional 109 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of The Goldman Sachs Group by 1.8% during the first quarter. Janus Henderson Group PLC now owns 57,734 shares of the investment management company’s stock valued at $24,114,000 after purchasing an additional 1,002 shares during the period. Dynasty Wealth Management LLC acquired a new position in shares of The Goldman Sachs Group during the first quarter valued at $1,064,000. Finally, SkyView Investment Advisors LLC raised its stake in shares of The Goldman Sachs Group by 2.6% during the first quarter. SkyView Investment Advisors LLC now owns 2,980 shares of the investment management company’s stock valued at $1,245,000 after purchasing an additional 75 shares in the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GS has been the topic of several research analyst reports. Morgan Stanley raised their target price on shares of The Goldman Sachs Group from $560.00 to $570.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Keefe, Bruyette & Woods raised their price objective on shares of The Goldman Sachs Group from $555.00 to $570.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Wells Fargo & Company upped their target price on The Goldman Sachs Group from $600.00 to $680.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. JMP Securities lifted their price target on The Goldman Sachs Group from $525.00 to $550.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 9th. Finally, Evercore ISI upped their price objective on The Goldman Sachs Group from $520.00 to $575.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $550.63.

The Goldman Sachs Group Stock Performance

Shares of GS opened at $603.03 on Tuesday. The company has a 50-day moving average of $531.87 and a two-hundred day moving average of $495.51. The Goldman Sachs Group, Inc. has a one year low of $334.87 and a one year high of $611.30. 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 stock has a market cap of $189.30 billion, a price-to-earnings ratio of 17.69, a PEG ratio of 0.88 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 earnings per share (EPS) for the quarter, beating the consensus estimate 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 revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the business earned $5.47 EPS. On average, equities research analysts expect that The Goldman Sachs Group, Inc. will post 37.15 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 2nd will be given 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 1.99%. The Goldman Sachs Group’s payout ratio is presently 35.21%.

Insider Buying and Selling at The Goldman Sachs Group

In related news, CAO Sheara J. Fredman sold 2,974 shares of the 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 completion of the sale, the chief accounting officer now directly owns 8,489 shares in the company, valued at approximately $5,046,795.39. This trade represents a 25.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John F.W. Rogers sold 6,416 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $596.36, for a total value of $3,826,245.76. Following the completion of the transaction, the executive vice president now owns 57,614 shares in the company, valued at $34,358,685.04. This trade represents a 10.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,390 shares of company stock valued at $6,656,119 in the last 90 days. 0.57% of the stock is currently owned by corporate insiders.

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.