The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd trimmed its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 52.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,596 shares of the investment management company’s stock after selling 6,233 shares during the quarter. AustralianSuper Pty Ltd’s holdings in The Goldman Sachs Group were worth $2,771,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. POM Investment Strategies LLC purchased a new stake in The Goldman Sachs Group in the second quarter valued at $26,000. Semmax Financial Advisors Inc. purchased a new position in shares of The Goldman Sachs Group during the second quarter worth about $26,000. Headlands Technologies LLC purchased a new position in shares of The Goldman Sachs Group during the second quarter worth about $27,000. SJS Investment Consulting Inc. grew its holdings in shares of The Goldman Sachs Group by 103.3% during the second quarter. SJS Investment Consulting Inc. now owns 61 shares of the investment management company’s stock worth $28,000 after purchasing an additional 31 shares during the last quarter. Finally, Quest Partners LLC grew its holdings in shares of 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 last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Brian J. Lee sold 2,000 shares of the business’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 sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.54% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Barclays raised their price objective on The Goldman Sachs Group from $565.00 to $588.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Evercore ISI raised their price objective on The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Citigroup raised their price target on The Goldman Sachs Group from $460.00 to $485.00 and gave the stock a “neutral” rating in a report on Tuesday, July 16th. Keefe, Bruyette & Woods raised their price target on The Goldman Sachs Group from $555.00 to $570.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Finally, Wolfe Research raised The Goldman Sachs Group to a “hold” rating in a report on Wednesday, September 18th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $524.69.

The Goldman Sachs Group Trading Down 1.3 %

Shares of GS opened at $517.63 on Friday. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.11 and a quick ratio of 0.72. The firm has a 50 day simple moving average of $502.25 and a 200-day simple moving average of $476.22. The Goldman Sachs Group, Inc. has a 1-year low of $300.70 and a 1-year high of $540.51. The stock has a market cap of $163.47 billion, a price-to-earnings ratio of 15.19, a price-to-earnings-growth ratio of 0.76 and a beta of 1.36.

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

The Goldman Sachs Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders 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 yield of 2.32%. The Goldman Sachs Group’s payout ratio is currently 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.