DT Investment Partners LLC Has $31,000 Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

DT Investment Partners LLC boosted its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 110.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 63 shares of the investment management company’s stock after acquiring an additional 33 shares during the quarter. DT Investment Partners LLC’s holdings in The Goldman Sachs Group were worth $31,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Procyon Advisors LLC raised its position in 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 worth $411,000 after purchasing an additional 43 shares during the last quarter. Brookstone Capital Management raised its holdings in The Goldman Sachs Group by 19.9% during the 3rd quarter. Brookstone Capital Management now owns 4,582 shares of the investment management company’s stock worth $2,268,000 after purchasing an additional 761 shares during the last quarter. Empowered Funds LLC lifted its position in The Goldman Sachs Group by 62.7% during the 1st quarter. Empowered Funds LLC now owns 6,301 shares of the investment management company’s stock valued at $2,632,000 after purchasing an additional 2,428 shares during the period. Duality Advisers LP acquired a new stake in shares of The Goldman Sachs Group during the 1st quarter worth approximately $1,388,000. Finally, BI Asset Management Fondsmaeglerselskab A S grew its position in shares of The Goldman Sachs Group by 34.2% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 8,256 shares of the investment management company’s stock worth $3,448,000 after buying an additional 2,103 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insiders Place Their Bets

In other news, insider Brian J. Lee sold 2,000 shares of the firm’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $530.90, for a total value of $1,061,800.00. Following the completion of the transaction, the insider now owns 10,095 shares in the company, valued at $5,359,435.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock opened at $512.60 on Friday. The company has a debt-to-equity ratio of 2.20, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a market cap of $165.30 billion, a price-to-earnings ratio of 20.02, a price-to-earnings-growth ratio of 0.77 and a beta of 1.36. The Goldman Sachs Group, Inc. has a one year low of $289.36 and a one year high of $540.51. The stock’s 50-day moving average is $500.21 and its 200-day moving average is $472.10.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Tuesday, October 15th. The investment management company reported $8.40 earnings per share for the quarter, topping analysts’ consensus estimates of $6.89 by $1.51. The Goldman Sachs Group had a return on equity of 10.56% and a net margin of 9.36%. The firm had revenue of $12.70 billion during the quarter, compared to the consensus estimate of $11.77 billion. During the same quarter in the prior year, the firm posted $5.47 EPS. The business’s revenue was up 7.4% on a year-over-year basis. Equities analysts predict that The Goldman Sachs Group, Inc. will post 35.52 earnings per share 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 paid a $3.00 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $12.00 annualized dividend and a yield of 2.34%. The Goldman Sachs Group’s payout ratio is currently 46.86%.

Analyst Upgrades and Downgrades

GS has been the topic of a number of recent research reports. JMP Securities raised their price objective 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. BMO Capital Markets lifted their price objective on The Goldman Sachs Group from $360.00 to $373.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 17th. Barclays upped their price objective on The Goldman Sachs Group from $565.00 to $588.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Bank of America boosted 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. Finally, JPMorgan Chase & Co. increased their price target on shares of The Goldman Sachs Group from $472.00 to $520.00 and gave the company an “overweight” rating in a research report 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. Based on data from MarketBeat, The Goldman Sachs Group presently has an average rating of “Moderate Buy” and an average price target of $524.69.

About The Goldman Sachs Group

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.