The Goldman Sachs Group, Inc. (NYSE:GS) Shares Purchased by Catalina Capital Group LLC

Catalina Capital Group LLC raised its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 4.7% during the third quarter, Holdings Channel reports. The firm owned 2,764 shares of the investment management company’s stock after buying an additional 124 shares during the quarter. Catalina Capital Group LLC’s holdings in The Goldman Sachs Group were worth $1,368,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Crescent Grove Advisors LLC acquired a new position in shares of The Goldman Sachs Group in the third quarter valued at approximately $203,000. Falcon Wealth Planning purchased a new position in The Goldman Sachs Group in the 3rd quarter valued at approximately $225,000. Crestwood Advisors Group LLC grew its stake in shares of The Goldman Sachs Group by 2.4% in the third quarter. Crestwood Advisors Group LLC now owns 13,301 shares of the investment management company’s stock worth $6,585,000 after acquiring an additional 309 shares in the last quarter. Geneva Partners LLC purchased a new stake in shares of The Goldman Sachs Group during the third quarter worth $495,000. Finally, W.H. Cornerstone Investments Inc. raised its stake in shares of The Goldman Sachs Group by 77.0% in the third quarter. W.H. Cornerstone Investments Inc. now owns 825 shares of the investment management company’s stock valued at $409,000 after acquiring an additional 359 shares in the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GS has been the topic of several analyst reports. Morgan Stanley raised their target price 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. Wells Fargo & Company increased their target price on shares of The Goldman Sachs Group from $504.00 to $550.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 16th. Wolfe Research raised The Goldman Sachs Group to a “hold” rating in a report on Wednesday, September 18th. Keefe, Bruyette & Woods boosted their target price on The Goldman Sachs Group from $555.00 to $570.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Finally, Barclays upped their target price on shares of The Goldman Sachs Group from $565.00 to $588.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and an average price target of $527.63.

Insider Activity

In related news, insider Brian J. Lee sold 2,000 shares of the firm’s stock in a transaction that occurred 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 transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.57% of the company’s stock.

The Goldman Sachs Group Stock Performance

Shares of NYSE:GS opened at $527.04 on Wednesday. The company has a market cap of $166.44 billion, a P/E ratio of 15.46, a PEG ratio of 0.75 and a beta of 1.35. The business’s 50-day simple moving average is $502.91 and its 200 day simple moving average is $479.76. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.72 and a current ratio of 1.11. The Goldman Sachs Group, Inc. has a one year low of $319.66 and a one year high of $540.51.

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

The Goldman Sachs Group Announces Dividend

The company also recently disclosed 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 dividend yield of 2.28%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 35.21%.

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.