The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Brown Financial Advisors

Brown Financial Advisors reduced its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 14.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,982 shares of the investment management company’s stock after selling 684 shares during the period. Brown Financial Advisors’ holdings in The Goldman Sachs Group were worth $1,972,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Coldstream Capital Management Inc. boosted its holdings in shares of The Goldman Sachs Group by 29.3% during the third quarter. Coldstream Capital Management Inc. now owns 5,866 shares of the investment management company’s stock valued at $2,950,000 after acquiring an additional 1,328 shares during the period. Strait & Sound Wealth Management LLC lifted its position in The Goldman Sachs Group by 19.2% in the 3rd quarter. Strait & Sound Wealth Management LLC now owns 1,720 shares of the investment management company’s stock valued at $852,000 after purchasing an additional 277 shares during the last quarter. First Dallas Securities Inc. boosted its stake in The Goldman Sachs Group by 8.2% during the 3rd quarter. First Dallas Securities Inc. now owns 1,260 shares of the investment management company’s stock valued at $624,000 after purchasing an additional 95 shares during the period. JDM Financial Group LLC bought a new position in The Goldman Sachs Group in the 3rd quarter worth about $42,000. Finally, Brophy Wealth Management LLC acquired a new stake in shares of The Goldman Sachs Group in the third quarter valued at approximately $536,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Trading Down 0.9 %

Shares of NYSE:GS opened at $594.12 on Tuesday. 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 stock has a market capitalization of $186.50 billion, a PE ratio of 17.43, a P/E/G ratio of 0.87 and a beta of 1.38. The Goldman Sachs Group, Inc. has a 1 year low of $349.05 and a 1 year high of $612.73. The firm has a fifty day moving average price of $553.26 and a 200 day moving average price of $505.37.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Tuesday, October 15th. The investment management company reported $8.40 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $12.70 billion for the quarter, compared to analyst estimates of $11.77 billion. During the same quarter in the prior year, the firm posted $5.47 EPS. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. Analysts expect that The Goldman Sachs Group, Inc. will post 37.15 EPS 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. 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 2.02%. The ex-dividend date is Monday, December 2nd. The Goldman Sachs Group’s payout ratio is 35.21%.

Insider Buying and Selling

In other news, insider Brian J. Lee sold 2,000 shares of the company’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 transaction of $1,061,800.00. Following the completion of the transaction, the insider now directly owns 10,095 shares in the company, valued at $5,359,435.50. The trade was a 16.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David M. Solomon sold 6,550 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $610.91, for a total value of $4,001,460.50. Following the completion of the sale, the chief executive officer now directly owns 117,883 shares of the company’s stock, valued at $72,015,903.53. This represents a 5.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 22,940 shares of company stock valued at $13,717,979. Company insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on GS. Keefe, Bruyette & Woods increased their price objective on The Goldman Sachs Group from $570.00 to $686.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. JPMorgan Chase & Co. lifted their price objective on shares of The Goldman Sachs Group from $520.00 to $550.00 and gave the company an “overweight” rating in a research note on Friday. Evercore ISI upped their price objective on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Wells Fargo & Company raised their target price on shares of The Goldman Sachs Group from $600.00 to $680.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Finally, Bank of America increased 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 report on Wednesday, October 16th. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $559.75.

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.