The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by XML Financial LLC

XML Financial LLC cut its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 2.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,033 shares of the investment management company’s stock after selling 118 shares during the quarter. XML Financial LLC’s holdings in The Goldman Sachs Group were worth $2,492,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Norden Group LLC acquired a new stake in shares of The Goldman Sachs Group during the first quarter worth about $220,000. Envestnet Portfolio Solutions Inc. lifted its position in The Goldman Sachs Group by 21.5% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 12,075 shares of the investment management company’s stock worth $5,044,000 after acquiring an additional 2,139 shares during the period. Empowered Funds LLC grew its stake in shares of The Goldman Sachs Group by 62.7% in the 1st quarter. Empowered Funds LLC now owns 6,301 shares of the investment management company’s stock valued at $2,632,000 after purchasing an additional 2,428 shares during the last quarter. Concurrent Investment Advisors LLC increased its holdings in shares of The Goldman Sachs Group by 3.6% in the first quarter. Concurrent Investment Advisors LLC now owns 3,297 shares of the investment management company’s stock valued at $1,377,000 after purchasing an additional 114 shares during the period. Finally, Chilton Capital Management LLC raised its stake in shares of The Goldman Sachs Group by 215.0% during the first quarter. Chilton Capital Management LLC now owns 189 shares of the investment management company’s stock worth $79,000 after purchasing an additional 129 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Insiders Place Their Bets

In other 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 value of $1,768,072.74. Following the completion of the transaction, the chief accounting officer now owns 8,489 shares of the company’s stock, valued at $5,046,795.39. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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 value 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 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 transaction, the chief accounting officer now owns 8,489 shares in the company, valued at approximately $5,046,795.39. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,390 shares of company stock valued at $6,656,119 in the last ninety days. Insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Trading Up 1.2 %

Shares of GS opened at $589.26 on Friday. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.72. The Goldman Sachs Group, Inc. has a 1-year low of $319.66 and a 1-year high of $598.60. The stock has a market cap of $184.97 billion, a price-to-earnings ratio of 17.29, a price-to-earnings-growth ratio of 0.87 and a beta of 1.35. The firm has a 50 day simple moving average of $507.79 and a 200-day simple moving average of $482.47.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results 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 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 analysts’ expectations of $11.77 billion. During the same period in the previous year, the firm posted $5.47 earnings per share. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. Equities analysts forecast that The Goldman Sachs Group, Inc. will post 37.15 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 issued a $3.00 dividend. The ex-dividend date 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 dividend payout ratio (DPR) is 35.21%.

Wall Street Analyst Weigh In

GS has been the topic of several recent research reports. UBS Group boosted their price objective on shares of 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. Royal Bank of Canada restated a “sector perform” rating and issued a $500.00 price objective on shares of The Goldman Sachs Group in a research report on Tuesday, July 30th. Keefe, Bruyette & Woods increased their target price on The Goldman Sachs Group from $555.00 to $570.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Citigroup raised their price target on The Goldman Sachs Group from $460.00 to $485.00 and gave the company a “neutral” rating in a report on Tuesday, July 16th. Finally, BMO Capital Markets upped their price objective on The Goldman Sachs Group from $360.00 to $373.00 and gave the stock a “market perform” rating in a report on Wednesday, July 17th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, The Goldman Sachs Group presently has an average rating of “Moderate Buy” and a consensus target price of $527.63.

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.