The Goldman Sachs Group, Inc. (NYSE:GS) Shares Purchased by Modera Wealth Management LLC

Modera Wealth Management LLC boosted its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 0.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,963 shares of the investment management company’s stock after acquiring an additional 21 shares during the quarter. Modera Wealth Management LLC’s holdings in The Goldman Sachs Group were worth $1,962,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. boosted its holdings in The Goldman Sachs Group by 9.5% in the third quarter. GHP Investment Advisors Inc. now owns 566 shares of the investment management company’s stock valued at $280,000 after acquiring an additional 49 shares during the last quarter. PFG Investments LLC boosted its holdings in The Goldman Sachs Group by 12.3% in the third quarter. PFG Investments LLC now owns 4,769 shares of the investment management company’s stock valued at $2,361,000 after acquiring an additional 522 shares during the last quarter. Arkadios Wealth Advisors boosted its holdings in The Goldman Sachs Group by 67.0% in the third quarter. Arkadios Wealth Advisors now owns 5,562 shares of the investment management company’s stock valued at $2,754,000 after acquiring an additional 2,232 shares during the last quarter. NorthCrest Asset Manangement LLC boosted its holdings in The Goldman Sachs Group by 1.9% in the third quarter. NorthCrest Asset Manangement LLC now owns 38,550 shares of the investment management company’s stock valued at $19,087,000 after acquiring an additional 725 shares during the last quarter. Finally, Forsta AP Fonden lifted its stake in shares of The Goldman Sachs Group by 14.9% during the third quarter. Forsta AP Fonden now owns 86,900 shares of the investment management company’s stock worth $43,025,000 after purchasing an additional 11,300 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on GS shares. Seaport Res Ptn cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 2nd. Oppenheimer boosted their price objective on The Goldman Sachs Group from $577.00 to $614.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Evercore ISI boosted their price objective on The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Wolfe Research upgraded The Goldman Sachs Group to a “hold” rating in a research note on Wednesday, September 18th. Finally, BMO Capital Markets boosted 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. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, The Goldman Sachs Group has a consensus rating of “Moderate Buy” and an average price target of $524.69.

Insider Activity

In other 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 transaction of $1,061,800.00. Following the completion of the transaction, the insider now directly owns 10,095 shares of the company’s stock, valued at approximately $5,359,435.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Stock Down 2.3 %

Shares of The Goldman Sachs Group stock opened at $512.60 on Monday. The company has a quick ratio of 0.72, a current ratio of 1.11 and a debt-to-equity ratio of 2.07. The firm has a market cap of $161.88 billion, a P/E ratio of 15.04, a P/E/G ratio of 0.75 and a beta of 1.36. The Goldman Sachs Group, Inc. has a fifty-two week low of $289.36 and a fifty-two week high of $540.51. The business has a 50-day moving average price of $500.37 and a 200 day moving average price of $473.75.

The Goldman Sachs Group (NYSE:GS) last announced 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 firm had revenue of $12.70 billion during the quarter, compared to analyst estimates of $11.77 billion. The Goldman Sachs Group had a return on equity of 11.05% and a net margin of 9.89%. The Goldman Sachs Group’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the company earned $5.47 earnings per share. On average, sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 37.14 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 2nd will be issued a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend is Monday, December 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 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.