Meitav Investment House Ltd. Sells 133,387 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Meitav Investment House Ltd. lessened its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 91.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,917 shares of the investment management company’s stock after selling 133,387 shares during the period. Meitav Investment House Ltd.’s holdings in The Goldman Sachs Group were worth $5,972,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in GS. Allspring Global Investments Holdings LLC raised its holdings in shares of The Goldman Sachs Group by 19.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 115,760 shares of the investment management company’s stock worth $48,352,000 after buying an additional 18,859 shares in the last quarter. Norden Group LLC bought a new position in The Goldman Sachs Group in the first quarter valued at about $2,423,000. Kovack Advisors Inc. grew its position in The Goldman Sachs Group by 18.5% in the first quarter. Kovack Advisors Inc. now owns 2,790 shares of the investment management company’s stock valued at $1,165,000 after acquiring an additional 435 shares during the last quarter. FORVIS Wealth Advisors LLC raised its stake in The Goldman Sachs Group by 26.5% during the first quarter. FORVIS Wealth Advisors LLC now owns 2,108 shares of the investment management company’s stock worth $880,000 after acquiring an additional 441 shares in the last quarter. Finally, Private Advisor Group LLC lifted its holdings in shares of The Goldman Sachs Group by 42.2% in the first quarter. Private Advisor Group LLC now owns 26,336 shares of the investment management company’s stock worth $11,000,000 after acquiring an additional 7,822 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Brian J. Lee sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $530.90, for a total value of $1,061,800.00. Following the transaction, the insider now directly owns 10,095 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.57% of the stock is owned by corporate insiders.

The Goldman Sachs Group Stock Down 0.4 %

The Goldman Sachs Group stock opened at $522.41 on Thursday. The firm has a 50 day moving average price of $501.86 and a two-hundred day moving average price of $475.93. 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 52-week low of $300.70 and a 52-week high of $540.51. The firm has a market cap of $164.98 billion, a price-to-earnings ratio of 15.39, a PEG ratio of 0.75 and a beta of 1.36.

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 business 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 11.05%. The Goldman Sachs Group’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the firm earned $5.47 earnings per share. Equities analysts predict that The Goldman Sachs Group, Inc. will post 37.14 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 2nd will be paid a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend is Monday, December 2nd. The Goldman Sachs Group’s dividend payout ratio is 35.21%.

Wall Street Analysts Forecast Growth

GS has been the subject of a number of research analyst reports. 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 research report on Wednesday, October 16th. JPMorgan Chase & Co. upped their price target on shares of The Goldman Sachs Group from $472.00 to $520.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Keefe, Bruyette & Woods raised their price objective on The Goldman Sachs Group from $555.00 to $570.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Wells Fargo & Company upped their target price on The Goldman Sachs Group from $504.00 to $550.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Finally, Barclays lifted their price target on The Goldman Sachs Group from $565.00 to $588.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $524.69.

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.