Frisch Financial Group Inc. Has $1.30 Million Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Frisch Financial Group Inc. lessened its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 2,631 shares of the investment management company’s stock after selling 26 shares during the quarter. Frisch Financial Group Inc.’s holdings in The Goldman Sachs Group were worth $1,303,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Procyon Advisors LLC raised its stake in shares of The Goldman Sachs Group by 5.5% in the 3rd quarter. Procyon Advisors LLC now owns 830 shares of the investment management company’s stock valued at $411,000 after buying an additional 43 shares in the last quarter. Brookstone Capital Management increased its stake in The Goldman Sachs Group by 19.9% in the third quarter. Brookstone Capital Management now owns 4,582 shares of the investment management company’s stock valued at $2,268,000 after acquiring an additional 761 shares during the period. Granite Bay Wealth Management LLC acquired a new position in The Goldman Sachs Group in the second quarter worth about $5,529,000. Wedge Capital Management L L P NC lifted its stake in The Goldman Sachs Group by 3.1% during the second quarter. Wedge Capital Management L L P NC now owns 100,119 shares of the investment management company’s stock worth $45,286,000 after purchasing an additional 2,993 shares during the period. Finally, Envestnet Portfolio Solutions Inc. grew its stake in shares of The Goldman Sachs Group by 24.1% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 14,987 shares of the investment management company’s stock valued at $6,779,000 after purchasing an additional 2,912 shares during the period. 71.21% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Bank of America raised their target price on The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Barclays boosted their price target on shares of The Goldman Sachs Group from $565.00 to $588.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Morgan Stanley raised their price target on The Goldman Sachs Group from $560.00 to $570.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Keefe, Bruyette & Woods boosted their price objective on The Goldman Sachs Group from $570.00 to $686.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Finally, Oppenheimer raised their target price on The Goldman Sachs Group from $614.00 to $661.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $559.75.

Insider Buying and Selling

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 16.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Sheara J. Fredman sold 2,974 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total value of $1,768,072.74. Following the completion of the sale, the chief accounting officer now owns 8,489 shares of the company’s stock, valued at $5,046,795.39. This trade represents a 25.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,940 shares of company stock valued at $13,717,979 in the last 90 days. 0.54% of the stock is owned by insiders.

The Goldman Sachs Group Price Performance

Shares of GS stock opened at $594.12 on Tuesday. The firm’s 50 day moving average price is $553.26 and its two-hundred day moving average price is $505.37. The stock has a market cap of $186.50 billion, a PE ratio of 17.43, a PEG ratio of 0.87 and a beta of 1.38. The Goldman Sachs Group, Inc. has a 52-week low of $349.05 and a 52-week high of $612.73. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67.

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 11.39% and a net margin of 9.89%. The business had revenue of $12.70 billion during the quarter, compared to analysts’ expectations of $11.77 billion. During the same period in the previous year, the firm earned $5.47 earnings per share. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. As a group, analysts forecast that The Goldman Sachs Group, Inc. will post 37.15 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

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

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.