Ascent Group LLC Grows Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Ascent Group LLC boosted its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 18.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,751 shares of the investment management company’s stock after acquiring an additional 274 shares during the quarter. Ascent Group LLC’s holdings in The Goldman Sachs Group were worth $867,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Semmax Financial Advisors Inc. bought a new position in shares of The Goldman Sachs Group in the second quarter worth approximately $26,000. POM Investment Strategies LLC purchased a new stake in The Goldman Sachs Group during the 2nd quarter valued at $26,000. Headlands Technologies LLC bought a new stake in The Goldman Sachs Group in the 2nd quarter worth $27,000. SJS Investment Consulting Inc. increased its position in shares of The Goldman Sachs Group by 103.3% in the second quarter. SJS Investment Consulting Inc. now owns 61 shares of the investment management company’s stock valued at $28,000 after acquiring an additional 31 shares during the period. Finally, West Branch Capital LLC bought a new position in shares of The Goldman Sachs Group during the third quarter valued at about $30,000. 71.21% of the stock is currently owned by institutional investors.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Brian J. Lee sold 2,000 shares of the company’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 transaction, the insider now owns 10,095 shares in the company, valued at approximately $5,359,435.50. This represents a 16.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction of $1,768,072.74. Following the transaction, the chief accounting officer now directly owns 8,489 shares of the company’s stock, valued at $5,046,795.39. The trade was a 25.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,940 shares of company stock valued at $13,717,979. 0.57% of the stock is owned by corporate insiders.

The Goldman Sachs Group Trading Up 0.0 %

The Goldman Sachs Group stock opened at $601.94 on Wednesday. The Goldman Sachs Group, Inc. has a 12 month low of $340.54 and a 12 month high of $612.73. The company has a market capitalization of $188.95 billion, a price-to-earnings ratio of 17.66, a price-to-earnings-growth ratio of 0.87 and a beta of 1.38. The business’s fifty day simple moving average is $545.10 and its two-hundred day simple moving average is $501.59. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Tuesday, October 15th. The investment management company reported $8.40 EPS for the quarter, beating the consensus estimate of $6.89 by $1.51. The company had revenue of $12.70 billion for 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 Goldman Sachs Group’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm posted $5.47 EPS. As a group, equities analysts predict that The Goldman Sachs Group, Inc. will post 37.15 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

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 is Monday, December 2nd. This represents a $12.00 dividend on an annualized basis and a yield of 1.99%. The Goldman Sachs Group’s payout ratio is currently 35.21%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Citigroup boosted their price target on The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a report on Thursday, November 21st. Hsbc Global Res downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. HSBC cut shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and lifted their price target for the company from $569.00 to $608.00 in a report on Tuesday, November 26th. UBS Group upped their price objective 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, Wolfe Research raised shares of The Goldman Sachs Group to a “hold” rating in a research note on Wednesday, September 18th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $557.88.

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.