Rakuten Securities Inc. Trims Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Rakuten Securities Inc. cut its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 6.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,170 shares of the investment management company’s stock after selling 203 shares during the quarter. The Goldman Sachs Group makes up approximately 0.7% of Rakuten Securities Inc.’s holdings, making the stock its 29th biggest holding. Rakuten Securities Inc.’s holdings in The Goldman Sachs Group were worth $1,569,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on GS. Wolfe Research raised The Goldman Sachs Group to a “hold” rating in a report on Wednesday, September 18th. Wells Fargo & Company lifted their price target on The Goldman Sachs Group from $504.00 to $550.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. Barclays lifted their target price on The Goldman Sachs Group from $565.00 to $588.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. 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. Finally, Evercore ISI upped their target price 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. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $527.63.

Insiders Place Their Bets

In related news, CAO Sheara J. Fredman sold 2,974 shares of the firm’s 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 completion of the sale, the chief accounting officer now directly owns 8,489 shares of the company’s stock, valued at approximately $5,046,795.39. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Brian J. Lee sold 2,000 shares of The Goldman Sachs Group stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $530.90, for a total value of $1,061,800.00. Following the completion of the transaction, the insider now owns 10,095 shares in the company, valued at approximately $5,359,435.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Sheara J. Fredman sold 2,974 shares of the firm’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 completion of the transaction, the chief accounting officer now directly owns 8,489 shares of the company’s stock, valued at $5,046,795.39. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,390 shares of company stock valued at $6,656,119 over the last quarter. 0.54% of the stock is owned by insiders.

The Goldman Sachs Group Stock Up 2.2 %

GS stock opened at $602.34 on Tuesday. The company has a market cap of $189.08 billion, a price-to-earnings ratio of 17.67, a PEG ratio of 0.86 and a beta of 1.35. The firm has a 50-day moving average of $509.63 and a two-hundred day moving average of $484.59. The Goldman Sachs Group, Inc. has a 12 month low of $323.53 and a 12 month high of $607.15. The company has a current ratio of 0.67, a quick ratio of 0.72 and a debt-to-equity ratio of 2.32.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Tuesday, October 15th. The investment management company reported $8.40 earnings per share (EPS) for the quarter, beating the consensus estimate 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 prior year, the business earned $5.47 EPS. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. As a group, analysts forecast 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 firm 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. This represents a $12.00 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend is Monday, December 2nd. The Goldman Sachs Group’s dividend payout ratio 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.