Haverford Trust Co Acquires 866 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Haverford Trust Co raised its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 40.1% in the 3rd quarter, Holdings Channel reports. The firm owned 3,025 shares of the investment management company’s stock after buying an additional 866 shares during the quarter. Haverford Trust Co’s holdings in The Goldman Sachs Group were worth $1,498,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Kingsview Wealth Management LLC raised its position in shares of The Goldman Sachs Group by 8.9% during the 1st quarter. Kingsview Wealth Management LLC now owns 4,029 shares of the investment management company’s stock valued at $1,683,000 after buying an additional 330 shares in the last quarter. Blair William & Co. IL increased its position in shares of The Goldman Sachs Group by 18.4% in the first quarter. Blair William & Co. IL now owns 136,231 shares of the investment management company’s stock valued at $56,902,000 after acquiring an additional 21,142 shares during the period. Orion Portfolio Solutions LLC boosted its stake in shares of The Goldman Sachs Group by 3.2% during the 1st quarter. Orion Portfolio Solutions LLC now owns 11,025 shares of the investment management company’s stock valued at $4,605,000 after purchasing an additional 346 shares in the last quarter. Forum Financial Management LP boosted its stake in shares of The Goldman Sachs Group by 1.5% during the 1st quarter. Forum Financial Management LP now owns 3,838 shares of the investment management company’s stock valued at $1,603,000 after purchasing an additional 55 shares in the last quarter. Finally, Glaxis Capital Management LLC bought a new stake in shares of The Goldman Sachs Group during the 1st quarter valued at about $627,000. 71.21% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Brian J. Lee sold 2,000 shares of the firm’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $530.90, for a total transaction of $1,061,800.00. Following the completion of the transaction, the insider now directly owns 10,095 shares of the company’s stock, valued at approximately $5,359,435.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, EVP John F.W. Rogers sold 6,416 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $596.36, for a total transaction of $3,826,245.76. Following the completion of the transaction, the executive vice president now directly owns 57,614 shares of the company’s stock, valued at approximately $34,358,685.04. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Brian J. Lee sold 2,000 shares of the firm’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $530.90, for a total transaction of $1,061,800.00. Following the transaction, the insider now directly owns 10,095 shares of the company’s stock, valued at $5,359,435.50. The trade was a 0.00 % 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 worth $6,656,119 in the last three months. Company insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on GS shares. 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 research note on Wednesday, October 9th. Barclays boosted their price objective on shares of The Goldman Sachs Group from $565.00 to $588.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Royal Bank of Canada reissued a “sector perform” rating and set a $500.00 price objective on shares of The Goldman Sachs Group in a research note on Tuesday, July 30th. Morgan Stanley upped their target price on shares of The Goldman Sachs Group from $560.00 to $570.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Finally, BMO Capital Markets upped their target price on shares of The Goldman Sachs Group from $360.00 to $373.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 17th. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the 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 Stock Up 0.2 %

Shares of GS stock opened at $594.04 on Thursday. The company has a market capitalization of $186.48 billion, a price-to-earnings ratio of 17.43, a PEG ratio of 0.86 and a beta of 1.35. The Goldman Sachs Group, Inc. has a one year low of $332.47 and a one year high of $607.15. The company’s fifty day moving average price is $511.74 and its 200-day moving average price is $485.75. 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 (NYSE:GS) last announced its quarterly earnings data on Tuesday, October 15th. The investment management company reported $8.40 EPS for the quarter, beating the consensus estimate of $6.89 by $1.51. The firm 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 last year, the firm earned $5.47 EPS. Sell-side analysts expect that The Goldman Sachs Group, Inc. will post 37.15 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 2.02%. 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.