Moloney Securities Asset Management LLC Acquires 383 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Moloney Securities Asset Management LLC boosted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 14.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 2,989 shares of the investment management company’s stock after purchasing an additional 383 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in The Goldman Sachs Group were worth $1,480,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Norden Group LLC purchased a new position in The Goldman Sachs Group during the first quarter valued at $220,000. RiverPark Advisors LLC purchased a new position in shares of The Goldman Sachs Group during the first quarter valued at about $45,000. BI Asset Management Fondsmaeglerselskab A S increased its holdings in shares of The Goldman Sachs Group by 34.2% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 8,256 shares of the investment management company’s stock worth $3,448,000 after purchasing an additional 2,103 shares during the last quarter. Rehmann Capital Advisory Group lifted its position in shares of The Goldman Sachs Group by 3.3% in the first quarter. Rehmann Capital Advisory Group now owns 2,973 shares of the investment management company’s stock worth $1,242,000 after buying an additional 94 shares in the last quarter. Finally, Callan Capital LLC bought a new position in The Goldman Sachs Group during the first quarter valued at approximately $273,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Brian J. Lee sold 2,000 shares of The Goldman Sachs Group stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $530.90, for a total value of $1,061,800.00. Following the sale, the insider now owns 10,095 shares in the company, valued at $5,359,435.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.57% of the company’s stock.

The Goldman Sachs Group Price Performance

NYSE:GS opened at $511.47 on Tuesday. 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 company has a 50 day moving average price of $502.52 and a 200-day moving average price of $478.89. The Goldman Sachs Group, Inc. has a 1-year low of $319.66 and a 1-year high of $540.51. The firm has a market cap of $161.52 billion, a price-to-earnings ratio of 15.01, a price-to-earnings-growth ratio of 0.75 and a beta of 1.35.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Tuesday, October 15th. The investment management company reported $8.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.89 by $1.51. The business had revenue of $12.70 billion for the quarter, compared to analyst estimates of $11.77 billion. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.05%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the company posted $5.47 EPS. Equities research analysts forecast that The Goldman Sachs Group, Inc. will post 37.14 EPS 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 dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 2.35%. The ex-dividend date is Monday, December 2nd. The Goldman Sachs Group’s payout ratio is 35.21%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on GS. Bank of America upped their price target on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Wells Fargo & Company increased their price target on shares of The Goldman Sachs Group from $504.00 to $550.00 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. Oppenheimer upped their price target on The Goldman Sachs Group from $577.00 to $614.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. UBS Group raised 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 report on Tuesday, October 8th. Finally, Morgan Stanley boosted 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. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $524.69.

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.