Lifestyle Asset Management Inc. Has $223,000 Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Lifestyle Asset Management Inc. reduced its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 4.9% in the 3rd quarter, Holdings Channel reports. The firm owned 450 shares of the investment management company’s stock after selling 23 shares during the period. Lifestyle Asset Management Inc.’s holdings in The Goldman Sachs Group were worth $223,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of GS. POM Investment Strategies LLC acquired a new position in shares of The Goldman Sachs Group during the 2nd quarter worth about $26,000. Semmax Financial Advisors Inc. bought a new stake in shares of The Goldman Sachs Group in the second quarter valued at about $26,000. Headlands Technologies LLC bought a new stake in shares of The Goldman Sachs Group in the second quarter valued at about $27,000. SJS Investment Consulting Inc. increased its stake in The Goldman Sachs Group by 103.3% during 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, Quest Partners LLC raised its holdings in The Goldman Sachs Group by 6,300.0% in the 2nd quarter. Quest Partners LLC now owns 64 shares of the investment management company’s stock valued at $29,000 after acquiring an additional 63 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Brian J. Lee sold 2,000 shares of The Goldman Sachs Group stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $530.90, for a total transaction of $1,061,800.00. Following the transaction, the insider now directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.57% of the stock is owned by corporate insiders.

The Goldman Sachs Group Stock Down 2.3 %

Shares of GS opened at $582.16 on Friday. The firm has a market capitalization of $183.85 billion, a price-to-earnings ratio of 17.08, a PEG ratio of 0.74 and a beta of 1.35. The Goldman Sachs Group, Inc. has a 52 week low of $319.66 and a 52 week high of $598.60. 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 business’s fifty day moving average price is $504.77 and its two-hundred day moving average price is $480.57.

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, topping analysts’ consensus estimates of $6.89 by $1.51. The Goldman Sachs Group had a return on equity of 11.05% and a net margin of 9.89%. The firm had revenue of $12.70 billion during the quarter, compared to analyst estimates of $11.77 billion. During the same period last year, the company earned $5.47 earnings per share. The company’s revenue was up 7.4% on a year-over-year basis. On average, analysts predict that The Goldman Sachs Group, Inc. will post 37.14 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 2nd will be issued a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 2.06%. The ex-dividend date is Monday, December 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is 35.21%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on GS shares. JPMorgan Chase & Co. lifted their price objective on The Goldman Sachs Group from $472.00 to $520.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Wells Fargo & Company raised their price objective on shares of The Goldman Sachs Group from $504.00 to $550.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. JMP Securities upped their target price on shares of The Goldman Sachs Group from $525.00 to $550.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 9th. Keefe, Bruyette & Woods increased their price target on shares of 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, BMO Capital Markets upped their price objective on The Goldman Sachs Group from $360.00 to $373.00 and gave the company a “market perform” rating in a research note on Wednesday, July 17th. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $527.63.

The Goldman Sachs Group 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.