Simmons Bank Purchases 438 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Simmons Bank boosted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 2.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 18,614 shares of the investment management company’s stock after acquiring an additional 438 shares during the quarter. Simmons Bank’s holdings in The Goldman Sachs Group were worth $9,216,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Chase Investment Counsel Corp raised its stake in shares of The Goldman Sachs Group by 2.7% in the third quarter. Chase Investment Counsel Corp now owns 11,590 shares of the investment management company’s stock worth $5,738,000 after purchasing an additional 301 shares during the last quarter. Haverford Trust Co lifted its stake in The Goldman Sachs Group by 40.1% during the 3rd quarter. Haverford Trust Co now owns 3,025 shares of the investment management company’s stock valued at $1,498,000 after acquiring an additional 866 shares in the last quarter. Empower Advisory Group LLC boosted its holdings in The Goldman Sachs Group by 1.1% during the 3rd quarter. Empower Advisory Group LLC now owns 254,778 shares of the investment management company’s stock worth $126,143,000 after acquiring an additional 2,810 shares during the last quarter. RPG Investment Advisory LLC grew its stake in shares of The Goldman Sachs Group by 0.8% in the 3rd quarter. RPG Investment Advisory LLC now owns 16,322 shares of the investment management company’s stock worth $8,081,000 after acquiring an additional 123 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of The Goldman Sachs Group by 4.7% in the third quarter. Victory Capital Management Inc. now owns 465,568 shares of the investment management company’s stock valued at $230,507,000 after purchasing an additional 20,815 shares during the last quarter. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Trading Down 1.6 %

Shares of GS opened at $592.61 on Wednesday. The Goldman Sachs Group, Inc. has a twelve month low of $323.53 and a twelve month high of $607.15. The stock has a market cap of $186.03 billion, a PE ratio of 17.39, a P/E/G ratio of 0.87 and a beta of 1.35. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The business’s 50-day moving average price is $511.74 and its 200-day moving average price is $485.75.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results 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 firm 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 11.39%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period last year, the firm earned $5.47 EPS. On average, equities analysts forecast that The Goldman Sachs Group, Inc. will post 37.15 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 2nd will be issued a $3.00 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $12.00 annualized dividend and a dividend yield of 2.02%. The Goldman Sachs Group’s payout ratio is currently 35.21%.

Insider Activity

In other The Goldman Sachs Group 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 transaction of $1,061,800.00. Following the completion of the sale, the insider now directly owns 10,095 shares in the company, valued at $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 available through this hyperlink. 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 transaction, 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 filing with the SEC, which is accessible through this link. Also, insider Brian J. Lee sold 2,000 shares of the stock in a transaction that occurred on 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 $5,359,435.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,390 shares of company stock worth $6,656,119. 0.57% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on GS shares. BMO Capital Markets boosted their price target on shares of The Goldman Sachs Group from $360.00 to $373.00 and gave the stock a “market perform” rating in a report on Wednesday, July 17th. Citigroup boosted their target price on The Goldman Sachs Group from $460.00 to $485.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 16th. JMP Securities lifted their price target on The Goldman Sachs Group from $525.00 to $550.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 9th. Wells Fargo & Company upped their price objective on The Goldman Sachs Group from $504.00 to $550.00 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. Finally, Bank of America lifted their target price on The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” 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. According to MarketBeat, The Goldman Sachs Group presently has a consensus rating of “Moderate Buy” and an average price target of $527.63.

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.