Krane Funds Advisors LLC Raises Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Krane Funds Advisors LLC boosted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,177 shares of the investment management company’s stock after buying an additional 20 shares during the quarter. Krane Funds Advisors LLC’s holdings in The Goldman Sachs Group were worth $583,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of GS. Waldron Private Wealth LLC boosted its stake in shares of The Goldman Sachs Group by 0.8% during the 2nd quarter. Waldron Private Wealth LLC now owns 2,399 shares of the investment management company’s stock valued at $1,085,000 after buying an additional 20 shares during the last quarter. First Pacific Financial grew its stake in The Goldman Sachs Group by 0.6% during the 3rd quarter. First Pacific Financial now owns 3,167 shares of the investment management company’s stock worth $1,568,000 after buying an additional 20 shares during the last quarter. M3 Advisory Group LLC grew its position in shares of The Goldman Sachs Group by 3.9% during the third quarter. M3 Advisory Group LLC now owns 564 shares of the investment management company’s stock worth $279,000 after acquiring an additional 21 shares during the last quarter. Fulton Bank N.A. grew its position in shares of The Goldman Sachs Group by 0.8% during the second quarter. Fulton Bank N.A. now owns 2,727 shares of the investment management company’s stock worth $1,233,000 after acquiring an additional 22 shares during the last quarter. Finally, Nicholas Hoffman & Company LLC. raised its holdings in shares of The Goldman Sachs Group by 1.1% during the second quarter. Nicholas Hoffman & Company LLC. now owns 1,975 shares of the investment management company’s stock valued at $893,000 after buying an additional 22 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Down 0.5 %

The Goldman Sachs Group stock opened at $515.00 on Tuesday. The Goldman Sachs Group, Inc. has a twelve month low of $289.36 and a twelve month high of $540.51. The company’s 50-day moving average price is $498.80 and its two-hundred day moving average price is $470.64. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.20. The stock has a market cap of $166.07 billion, a P/E ratio of 20.22, a P/E/G ratio of 0.77 and a beta of 1.36.

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 for the quarter, topping the consensus estimate of $6.89 by $1.51. The firm had revenue of $12.70 billion during the quarter, compared to analysts’ expectations of $11.77 billion. The Goldman Sachs Group had a return on equity of 10.56% and a net margin of 9.36%. The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the company earned $5.47 earnings per share. As a group, analysts expect that The Goldman Sachs Group, Inc. will post 35.52 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The company 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. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date is Monday, December 2nd. The Goldman Sachs Group’s dividend payout ratio is currently 46.86%.

Insiders Place Their Bets

In other news, insider Brian J. Lee sold 2,000 shares of the business’s stock in a transaction dated 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on GS. Royal Bank of Canada restated a “sector perform” rating and issued a $500.00 price target on shares of The Goldman Sachs Group in a research report on Tuesday, July 30th. JPMorgan Chase & Co. increased their target price on shares of 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. Citigroup lifted 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. Oppenheimer upped their price objective on shares of The Goldman Sachs Group from $577.00 to $614.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Finally, Bank of America lifted 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 report on Wednesday, October 16th. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $524.69.

The Goldman Sachs Group 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.