Northwest Investment Counselors LLC Invests $78,000 in The Goldman Sachs Group, Inc. (NYSE:GS)

Northwest Investment Counselors LLC purchased a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 157 shares of the investment management company’s stock, valued at approximately $78,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GS. Legal & General Group Plc boosted its stake in shares of The Goldman Sachs Group by 2.9% in the 2nd quarter. Legal & General Group Plc now owns 2,780,338 shares of the investment management company’s stock worth $1,257,602,000 after buying an additional 77,700 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in The Goldman Sachs Group by 3.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,117,311 shares of the investment management company’s stock worth $957,684,000 after purchasing an additional 68,141 shares during the last quarter. Jennison Associates LLC grew its stake in The Goldman Sachs Group by 18.0% in the 1st quarter. Jennison Associates LLC now owns 1,801,395 shares of the investment management company’s stock valued at $752,425,000 after purchasing an additional 274,509 shares during the period. Capital Wealth Planning LLC increased its position in shares of The Goldman Sachs Group by 0.3% during the 1st quarter. Capital Wealth Planning LLC now owns 1,193,401 shares of the investment management company’s stock valued at $498,472,000 after purchasing an additional 3,396 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in shares of The Goldman Sachs Group by 34.8% during the 2nd quarter. Canada Pension Plan Investment Board now owns 843,646 shares of the investment management company’s stock worth $381,598,000 after purchasing an additional 217,954 shares during the period. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other The Goldman Sachs Group 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 value of $1,061,800.00. Following the completion of the sale, the insider now owns 10,095 shares of the company’s stock, valued at $5,359,435.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Wells Fargo & Company raised their price objective on shares of The Goldman Sachs Group from $504.00 to $550.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. UBS Group raised their price target on shares of The Goldman Sachs Group from $550.00 to $560.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Evercore ISI upped their price objective on The Goldman Sachs Group from $520.00 to $575.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. raised their target price on The Goldman Sachs Group from $472.00 to $520.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Finally, Wolfe Research upgraded The Goldman Sachs Group to a “hold” rating in a research note on Wednesday, September 18th. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $524.69.

The Goldman Sachs Group Stock Down 2.0 %

GS stock opened at $517.87 on Tuesday. The company’s 50 day moving average is $498.80 and its 200 day moving average is $470.64. The stock has a market cap of $166.99 billion, a price-to-earnings ratio of 20.22, a price-to-earnings-growth ratio of 0.77 and a beta of 1.36. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.20. The Goldman Sachs Group, Inc. has a 1-year low of $289.36 and a 1-year high of $540.51.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Tuesday, October 15th. The investment management company reported $8.40 earnings per share for the quarter, beating the consensus estimate of $6.89 by $1.51. The Goldman Sachs Group had a net margin of 9.36% and a return on equity of 10.56%. The firm had revenue of $12.70 billion for the quarter, compared to analysts’ expectations of $11.77 billion. During the same quarter last year, the company posted $5.47 EPS. The business’s quarterly revenue was up 7.4% on a year-over-year basis. Sell-side analysts predict that The Goldman Sachs Group, Inc. will post 35.52 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 given a dividend of $3.00 per share. The ex-dividend date is Monday, December 2nd. This represents a $12.00 annualized dividend and a dividend yield of 2.32%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 46.86%.

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.