WD Rutherford LLC Reduces Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

WD Rutherford LLC lowered its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 2.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 739 shares of the investment management company’s stock after selling 22 shares during the quarter. WD Rutherford LLC’s holdings in The Goldman Sachs Group were worth $366,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of GS. Claro Advisors LLC acquired a new stake in The Goldman Sachs Group in the 1st quarter valued at approximately $229,000. Allspring Global Investments Holdings LLC lifted its stake in The Goldman Sachs Group by 19.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 115,760 shares of the investment management company’s stock worth $48,352,000 after acquiring an additional 18,859 shares in the last quarter. Norden Group LLC purchased a new position in The Goldman Sachs Group during the 1st quarter valued at about $2,423,000. Kovack Advisors Inc. increased its stake in The Goldman Sachs Group by 18.5% during the first quarter. Kovack Advisors Inc. now owns 2,790 shares of the investment management company’s stock worth $1,165,000 after purchasing an additional 435 shares during the period. Finally, First Trust Direct Indexing L.P. lifted its holdings in The Goldman Sachs Group by 14.3% during the 1st quarter. First Trust Direct Indexing L.P. now owns 8,888 shares of the investment management company’s stock worth $3,713,000 after buying an additional 1,112 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on GS. Morgan Stanley upped their price objective on The Goldman Sachs Group from $560.00 to $570.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Citigroup increased their price target on The Goldman Sachs Group from $460.00 to $485.00 and gave the company a “neutral” rating in a research report on Tuesday, July 16th. Barclays boosted their price objective on The Goldman Sachs Group from $565.00 to $588.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Oppenheimer upped their target price on shares of The Goldman Sachs Group from $577.00 to $614.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Finally, Bank of America lifted their price target on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a research note 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 Goldman Sachs Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $524.69.

Insider Buying and Selling at The Goldman Sachs Group

In related 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.57% of the stock is owned by corporate insiders.

The Goldman Sachs Group Stock Up 0.2 %

GS opened at $524.50 on Wednesday. The Goldman Sachs Group, Inc. has a 52 week low of $293.29 and a 52 week high of $540.51. The business has a 50 day moving average price of $501.30 and a two-hundred day moving average price of $475.59. The company has a quick ratio of 0.72, a current ratio of 1.11 and a debt-to-equity ratio of 2.07. The company has a market cap of $165.64 billion, a PE ratio of 15.39, a P/E/G ratio of 0.75 and a beta of 1.36.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Tuesday, October 15th. The investment management company reported $8.40 earnings per share for the quarter, topping the consensus estimate of $6.89 by $1.51. The firm had revenue of $12.70 billion during the quarter, compared to the consensus estimate of $11.77 billion. The Goldman Sachs Group had a return on equity of 11.05% and a net margin of 9.89%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period last year, the company earned $5.47 earnings per share. As a group, research analysts anticipate that The Goldman Sachs Group, Inc. will post 37.14 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 2nd will be issued a dividend of $3.00 per share. The ex-dividend date is Monday, December 2nd. This represents a $12.00 annualized dividend and a yield of 2.29%. The Goldman Sachs Group’s dividend payout ratio is currently 35.21%.

The Goldman Sachs Group 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.