The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Baron Wealth Management LLC

Baron Wealth Management LLC trimmed its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 16.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 482 shares of the investment management company’s stock after selling 92 shares during the quarter. Baron Wealth Management LLC’s holdings in The Goldman Sachs Group were worth $239,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of GS. Wharton Business Group LLC raised its stake in shares of The Goldman Sachs Group by 16.4% in the 3rd quarter. Wharton Business Group LLC now owns 68,412 shares of the investment management company’s stock valued at $33,872,000 after acquiring an additional 9,635 shares during the period. Drive Wealth Management LLC raised its stake in shares of The Goldman Sachs Group by 3.9% in the third quarter. Drive Wealth Management LLC now owns 897 shares of the investment management company’s stock valued at $444,000 after acquiring an additional 34 shares in the last quarter. Mendel Capital Management LLC boosted its stake in shares of The Goldman Sachs Group by 7.8% in the 3rd quarter. Mendel Capital Management LLC now owns 1,441 shares of the investment management company’s stock valued at $714,000 after buying an additional 104 shares during the period. Aviso Wealth Management grew its holdings in The Goldman Sachs Group by 1.5% during the 3rd quarter. Aviso Wealth Management now owns 2,684 shares of the investment management company’s stock worth $1,329,000 after acquiring an additional 40 shares in the last quarter. Finally, Braun Stacey Associates Inc. raised its holdings in shares of The Goldman Sachs Group by 434.4% in the 3rd quarter. Braun Stacey Associates Inc. now owns 6,889 shares of the investment management company’s stock valued at $3,411,000 after purchasing an additional 5,600 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Performance

NYSE:GS opened at $588.06 on Tuesday. The firm has a 50 day simple moving average of $520.09 and a 200-day simple moving average of $490.31. 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 firm has a market cap of $184.60 billion, a PE ratio of 17.26, a P/E/G ratio of 0.86 and a beta of 1.35. The Goldman Sachs Group, Inc. has a 1-year low of $334.55 and a 1-year high of $607.15.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Tuesday, October 15th. The investment management company reported $8.40 earnings per share (EPS) for the quarter, beating 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 11.39%. The firm had revenue of $12.70 billion during the quarter, compared to the consensus estimate of $11.77 billion. During the same period in the previous year, the firm earned $5.47 earnings per share. The Goldman Sachs Group’s revenue was up 7.4% compared to the same quarter last year. On average, equities analysts expect that The Goldman Sachs Group, Inc. will post 37.15 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently announced 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 2.04%. The Goldman Sachs Group’s payout ratio is 35.21%.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 2,974 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were 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 $5,046,795.39. The trade was a 25.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John F.W. Rogers sold 6,416 shares of the company’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 owns 57,614 shares of the company’s stock, valued at $34,358,685.04. This trade represents a 10.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,390 shares of company stock worth $6,656,119. 0.54% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on GS shares. Barclays raised their price objective on shares of The Goldman Sachs Group from $565.00 to $588.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Wells Fargo & Company raised their price objective on shares of The Goldman Sachs Group from $600.00 to $680.00 and gave the company an “overweight” rating in a report on Friday. UBS Group lifted their price target on shares of 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. Bank of America lifted their price target on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Finally, Oppenheimer lifted their price target on shares of 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 analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, The Goldman Sachs Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $535.75.

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.