Citizens Financial Group Inc. RI Has $20.55 Million Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Citizens Financial Group Inc. RI increased its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 9.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 41,501 shares of the investment management company’s stock after purchasing an additional 3,754 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in The Goldman Sachs Group were worth $20,548,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. POM Investment Strategies LLC bought a new position in The Goldman Sachs Group during the second quarter worth $26,000. Semmax Financial Advisors Inc. bought a new position in shares of The Goldman Sachs Group in the 2nd quarter worth about $26,000. Headlands Technologies LLC acquired a new position in shares of The Goldman Sachs Group in the 2nd quarter valued at about $27,000. SJS Investment Consulting Inc. boosted its position in shares of The Goldman Sachs Group by 103.3% during the 2nd quarter. SJS Investment Consulting Inc. now owns 61 shares of the investment management company’s stock valued at $28,000 after purchasing an additional 31 shares in the last quarter. Finally, Quest Partners LLC grew its stake in The Goldman Sachs Group by 6,300.0% during the second quarter. Quest Partners LLC now owns 64 shares of the investment management company’s stock worth $29,000 after purchasing an additional 63 shares during the period. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Up 0.1 %

GS opened at $581.93 on Thursday. The company’s 50-day moving average price is $524.58 and its two-hundred day moving average price is $491.95. The Goldman Sachs Group, Inc. has a twelve month low of $334.55 and a twelve month high of $607.15. The stock has a market cap of $182.67 billion, a price-to-earnings ratio of 17.08, a PEG ratio of 0.84 and a beta of 1.35. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32.

The Goldman Sachs Group (NYSE:GS) last posted 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 Goldman Sachs Group had a return on equity of 11.39% and a net margin of 9.89%. The company had revenue of $12.70 billion during the quarter, compared to the consensus estimate of $11.77 billion. During the same quarter in the prior year, the company earned $5.47 EPS. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. As a group, equities 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 announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 2nd will be paid a $3.00 dividend. The ex-dividend date is Monday, December 2nd. This represents a $12.00 annualized dividend and a dividend yield of 2.06%. The Goldman Sachs Group’s payout ratio is 35.21%.

Wall Street Analysts Forecast Growth

GS has been the topic of a number of research analyst reports. Royal Bank of Canada restated a “sector perform” rating and set a $500.00 price target on shares of The Goldman Sachs Group in a report on Tuesday, July 30th. Evercore ISI raised their price target on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Morgan Stanley upped their price objective on shares of The Goldman Sachs Group from $560.00 to $570.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. UBS Group raised their target price on 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. Finally, Oppenheimer upped their price target on The Goldman Sachs Group from $614.00 to $661.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $535.75.

Insider Activity

In other The Goldman Sachs Group news, insider Brian J. Lee sold 2,000 shares of The Goldman Sachs Group stock in a transaction dated 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 completion of the transaction, the insider now owns 10,095 shares of the company’s stock, valued at $5,359,435.50. The trade was a 16.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Sheara J. Fredman sold 2,974 shares of the stock in a transaction dated 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. The trade was a 25.94 % decrease in their ownership of the stock. 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 over the last quarter. Company insiders own 0.54% of the company’s stock.

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.