Traphagen Investment Advisors LLC Has $5.07 Million Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Traphagen Investment Advisors LLC cut its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 0.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,232 shares of the investment management company’s stock after selling 21 shares during the quarter. The Goldman Sachs Group makes up 0.5% of Traphagen Investment Advisors LLC’s portfolio, making the stock its 26th biggest holding. Traphagen Investment Advisors LLC’s holdings in The Goldman Sachs Group were worth $5,066,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of GS. Legal & General Group Plc increased its stake in shares of The Goldman Sachs Group by 2.9% during the 2nd quarter. Legal & General Group Plc now owns 2,780,338 shares of the investment management company’s stock worth $1,257,602,000 after purchasing an additional 77,700 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in The Goldman Sachs Group by 3.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,117,311 shares of the investment management company’s stock valued at $957,684,000 after buying an additional 68,141 shares in the last quarter. Jennison Associates LLC lifted its position in shares of The Goldman Sachs Group by 18.0% in the first quarter. Jennison Associates LLC now owns 1,801,395 shares of the investment management company’s stock worth $752,425,000 after buying an additional 274,509 shares during the last quarter. Capital Wealth Planning LLC boosted its stake in shares of The Goldman Sachs Group by 0.3% during the 1st quarter. Capital Wealth Planning LLC now owns 1,193,401 shares of the investment management company’s stock worth $498,472,000 after acquiring an additional 3,396 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in shares of The Goldman Sachs Group by 34.8% in the 2nd quarter. Canada Pension Plan Investment Board now owns 843,646 shares of the investment management company’s stock valued at $381,598,000 after acquiring an additional 217,954 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Activity at The Goldman Sachs Group

In other news, insider Brian J. Lee sold 2,000 shares of The Goldman Sachs Group stock in a transaction that occurred 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 sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.54% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. JMP Securities raised 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. UBS Group lifted their price objective on The Goldman Sachs Group from $550.00 to $560.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Wolfe Research upgraded The Goldman Sachs Group to a “hold” rating in a research note on Wednesday, September 18th. JPMorgan Chase & Co. lifted their price target on 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. Finally, Evercore ISI increased their price objective on The Goldman Sachs Group from $520.00 to $575.00 and gave the company an “outperform” rating in a research 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 company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $524.69.

The Goldman Sachs Group Price Performance

Shares of NYSE GS traded up $0.44 during mid-day trading on Tuesday, hitting $518.24. 384,982 shares of the stock were exchanged, compared to its average volume of 2,207,639. The Goldman Sachs Group, Inc. has a twelve month low of $289.36 and a twelve month high of $540.51. The stock’s fifty day simple moving average is $498.80 and its two-hundred day simple moving average is $470.64. The company has a debt-to-equity ratio of 2.20, a quick ratio of 0.72 and a current ratio of 0.72. The company has a market cap of $167.11 billion, a P/E ratio of 20.22, a PEG ratio of 0.77 and a beta of 1.36.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Tuesday, October 15th. The investment management company reported $8.40 EPS for the quarter, topping analysts’ consensus estimates of $6.89 by $1.51. The Goldman Sachs Group had a return on equity of 10.56% and a net margin of 9.36%. The company had revenue of $12.70 billion for the quarter, compared to analyst estimates of $11.77 billion. During the same quarter in the previous year, the firm earned $5.47 earnings per share. The business’s revenue was up 7.4% on a year-over-year basis. As a group, analysts forecast that The Goldman Sachs Group, Inc. will post 35.52 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 2nd will be paid a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend is Monday, December 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 46.86%.

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.