Greenwich Wealth Management LLC Sells 31 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Greenwich Wealth Management LLC decreased its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 0.1% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 29,094 shares of the investment management company’s stock after selling 31 shares during the period. The Goldman Sachs Group accounts for 1.0% of Greenwich Wealth Management LLC’s investment portfolio, making the stock its 12th largest position. Greenwich Wealth Management LLC’s holdings in The Goldman Sachs Group were worth $14,405,000 as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in GS. F M Investments LLC raised its stake in The Goldman Sachs Group by 48.9% in the third quarter. F M Investments LLC now owns 4,046 shares of the investment management company’s stock valued at $2,003,000 after purchasing an additional 1,329 shares in the last quarter. BluePath Capital Management LLC bought a new position in shares of The Goldman Sachs Group in the 3rd quarter worth $220,000. Chicago Partners Investment Group LLC raised its position in shares of The Goldman Sachs Group by 4.6% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,212 shares of the investment management company’s stock valued at $627,000 after buying an additional 53 shares in the last quarter. Phillips Wealth Planners LLC lifted its holdings in shares of The Goldman Sachs Group by 2.1% during the 3rd quarter. Phillips Wealth Planners LLC now owns 1,869 shares of the investment management company’s stock worth $990,000 after acquiring an additional 38 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in The Goldman Sachs Group by 16.5% in the third quarter. Farther Finance Advisors LLC now owns 3,141 shares of the investment management company’s stock valued at $1,555,000 after acquiring an additional 445 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Up 0.3 %

NYSE:GS traded up $1.56 during trading hours on Friday, reaching $519.35. 1,625,284 shares of the company traded hands, compared to its average volume of 2,191,625. The Goldman Sachs Group, Inc. has a 1 year low of $308.00 and a 1 year high of $540.51. The stock has a market capitalization of $164.01 billion, a P/E ratio of 15.24, a P/E/G ratio of 0.76 and a beta of 1.36. The business’s 50-day moving average price is $502.45 and its two-hundred day moving average price is $477.05. The company has a current ratio of 1.11, a quick ratio of 0.72 and a debt-to-equity ratio of 2.07.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Tuesday, October 15th. The investment management company reported $8.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.89 by $1.51. The company had revenue of $12.70 billion for the quarter, compared to analysts’ expectations of $11.77 billion. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.05%. The Goldman Sachs Group’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.47 EPS. Analysts predict that The Goldman Sachs Group, Inc. will post 37.14 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 2nd will be issued a $3.00 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $12.00 dividend on an annualized basis and a yield of 2.31%. The Goldman Sachs Group’s payout ratio is currently 35.21%.

Insider Activity at The Goldman Sachs Group

In other news, insider Brian J. Lee sold 2,000 shares of the business’s stock in a transaction on 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 transaction, the insider now owns 10,095 shares in the company, valued at $5,359,435.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.54% of the stock is currently owned by insiders.

Analysts Set New Price Targets

GS has been the topic of a number of research reports. Keefe, Bruyette & Woods raised their price objective on The Goldman Sachs Group from $555.00 to $570.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. UBS Group upped their price objective on shares of The Goldman Sachs Group from $550.00 to $560.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. lifted their target price on shares of The Goldman Sachs Group from $472.00 to $520.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Wells Fargo & Company lifted their price objective on The Goldman Sachs Group from $504.00 to $550.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Finally, Bank of America increased their target price on The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, The Goldman Sachs Group presently has a consensus rating of “Moderate Buy” and an average price target of $524.69.

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.