Public Sector Pension Investment Board Boosts Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Public Sector Pension Investment Board raised its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 0.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 55,191 shares of the investment management company’s stock after purchasing an additional 500 shares during the period. Public Sector Pension Investment Board’s holdings in The Goldman Sachs Group were worth $27,326,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in GS. Fiduciary Trust Co lifted its position in The Goldman Sachs Group by 1.1% during the third quarter. Fiduciary Trust Co now owns 27,926 shares of the investment management company’s stock valued at $13,826,000 after buying an additional 305 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in The Goldman Sachs Group by 2.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 182,939 shares of the investment management company’s stock worth $90,575,000 after purchasing an additional 4,105 shares during the period. First Commonwealth Financial Corp PA increased its holdings in The Goldman Sachs Group by 1.6% in the 3rd quarter. First Commonwealth Financial Corp PA now owns 1,898 shares of the investment management company’s stock valued at $940,000 after purchasing an additional 30 shares in the last quarter. True Vision MN LLC lifted its stake in shares of The Goldman Sachs Group by 9.0% during the third quarter. True Vision MN LLC now owns 1,421 shares of the investment management company’s stock worth $704,000 after purchasing an additional 117 shares in the last quarter. Finally, RPg Family Wealth Advisory LLC purchased a new stake in shares of The Goldman Sachs Group in the third quarter worth about $64,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Price Performance

NYSE:GS opened at $605.42 on Thursday. The Goldman Sachs Group, Inc. has a 12 month low of $334.87 and a 12 month high of $612.25. The company’s 50-day moving average price is $536.69 and its two-hundred day moving average price is $497.33. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The firm has a market cap of $190.05 billion, a PE ratio of 17.76, a price-to-earnings-growth ratio of 0.88 and a beta of 1.35.

The Goldman Sachs Group (NYSE:GS) last announced its 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 company had revenue of $12.70 billion during the quarter, compared to the consensus estimate of $11.77 billion. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.39%. The company’s revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the firm posted $5.47 earnings per share. On average, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 37.15 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm 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 dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date is Monday, December 2nd. The Goldman Sachs Group’s dividend payout ratio is presently 35.21%.

Insider Activity

In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 2,974 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the chief accounting officer now owns 8,489 shares of the company’s stock, valued at $5,046,795.39. This represents a 25.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John F.W. Rogers sold 6,416 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $596.36, for a total value 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. The trade was a 10.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,390 shares of company stock valued at $6,656,119 in the last 90 days. 0.54% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on GS shares. Wells Fargo & Company boosted their price target on The Goldman Sachs Group from $600.00 to $680.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Bank of America lifted their price objective 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. UBS Group upped 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. Evercore ISI boosted their price objective on The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Finally, Citigroup raised their price objective on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a research report on Thursday, November 21st. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $550.63.

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.