Machina Capital S.A.S. Purchases 2,324 Shares of The Goldman Sachs Group, Inc. $GS

Machina Capital S.A.S. acquired a new stake in The Goldman Sachs Group, Inc. (NYSE:GS) in the third quarter, HoldingsChannel reports. The fund acquired 2,324 shares of the investment management company’s stock, valued at approximately $2,092,000.

Several other institutional investors also recently modified their holdings of GS. Wealthfront Advisers LLC bought a new stake in shares of The Goldman Sachs Group during the 2nd quarter worth about $53,720,000. IPG Investment Advisors LLC raised its holdings in The Goldman Sachs Group by 21.3% in the 2nd quarter. IPG Investment Advisors LLC now owns 7,250 shares of the investment management company’s stock valued at $7,332,000 after acquiring an additional 1,272 shares during the period. First Citizens Bank & Trust Co. lifted its position in The Goldman Sachs Group by 76.4% during the third quarter. First Citizens Bank & Trust Co. now owns 5,976 shares of the investment management company’s stock worth $5,381,000 after acquiring an additional 2,588 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in The Goldman Sachs Group by 14.7% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 17,422 shares of the investment management company’s stock worth $17,606,000 after acquiring an additional 2,230 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of The Goldman Sachs Group by 5.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 97,699 shares of the investment management company’s stock worth $98,810,000 after acquiring an additional 4,811 shares during the period. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Down 1.4%

Shares of GS opened at $914.16 on Friday. The Goldman Sachs Group, Inc. has a one year low of $754.00 and a one year high of $1,153.99. The company has a market cap of $263.67 billion, a P/E ratio of 13.14, a P/E/G ratio of 0.87 and a beta of 1.29. The company has a debt-to-equity ratio of 3.20, a current ratio of 0.61 and a quick ratio of 0.61. The firm has a 50 day simple moving average of $924.28 and a two-hundred day simple moving average of $956.09.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Tuesday, October 13th. The investment management company reported $17.01 earnings per share for the quarter, beating the consensus estimate of $12.86 by $4.15. The business had revenue of $18.68 billion for the quarter, compared to analyst estimates of $16.83 billion. The Goldman Sachs Group had a return on equity of 20.21% and a net margin of 15.77%. The Goldman Sachs Group’s revenue was up 23.0% compared to the same quarter last year. During the same period last year, the firm posted $12.25 earnings per share. Research analysts forecast that The Goldman Sachs Group, Inc. will post 71.49 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 30th. Investors of record on Wednesday, December 2nd will be paid a $5.00 dividend. The ex-dividend date of this dividend is Wednesday, December 2nd. This represents a $20.00 annualized dividend and a yield of 2.2%. The Goldman Sachs Group’s dividend payout ratio is presently 28.76%.

Recent The Goldman Sachs Group Headlines

Investors following GS have been watching these headlines:

• Positive Sentiment: Goldman raised its dividend by 11% and continues share repurchases, signaling confidence in its capital position and supporting shareholder returns. Article: GS’ Capital Distribution Strategy
• Positive Sentiment: Goldman is participating in a reported $150 million Saudi financing deal, adding to its lending and financing activity. Article: Goldman, HSBC, Fortress Make Rare $150 Million Saudi Credit Bet
• Neutral Sentiment: Goldman now expects additional Federal Reserve tightening, including a March rate hike, following hot inflation data. Higher rates can support some lending income, but may also pressure economic activity, markets and borrowers. Article: Why Goldman Sachs is now changing its Federal Reserve interest-rate forecast

Insider Buying and Selling

In other The Goldman Sachs Group news, insider Ericka Leslie sold 100 shares of the firm’s stock in a transaction that occurred on Wednesday, October 28th. The shares were sold at an average price of $926.28, for a total value of $92,628.00. Following the sale, the insider owned 10,460 shares in the company, valued at $9,688,888.80. This trade represents a 0.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO David Solomon sold 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 27th. The shares were sold at an average price of $910.72, for a total transaction of $10,928,640.00. Following the completion of the transaction, the chief executive officer owned 159,180 shares of the company’s stock, valued at approximately $144,968,409.60. This trade represents a 7.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 12,500 shares of company stock worth $11,380,508 in the last 90 days. Company insiders own 0.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on GS shares. Royal Bank Of Canada decreased their target price on The Goldman Sachs Group from $1,220.00 to $1,010.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 14th. Wall Street Zen downgraded The Goldman Sachs Group from a “buy” rating to a “hold” rating in a research note on Saturday, November 7th. Wells Fargo & Company reduced their price target on The Goldman Sachs Group from $1,325.00 to $1,175.00 and set an “overweight” rating for the company in a research note on Friday, September 25th. HSBC upped their price objective on The Goldman Sachs Group from $995.00 to $1,007.00 and gave the company a “hold” rating in a report on Monday, September 28th. Finally, Bank of America increased their price objective on The Goldman Sachs Group from $1,150.00 to $1,300.00 and gave the stock a “buy” rating in a research report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $1,052.04.

The Goldman Sachs Group Profile

The Goldman Sachs Group, Inc. is a global financial services firm founded in 1869 and headquartered in New York City. It serves corporations, financial institutions, governments and individuals across major financial markets worldwide. The company’s businesses include investment banking, global markets, and asset and wealth management. Its services include advising on mergers and acquisitions and other strategic transactions, helping clients raise capital, facilitating trading and risk management, and managing investments and wealth for institutions and individuals.