Global Trust Asset Management LLC Increases Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Global Trust Asset Management LLC raised its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 5.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,173 shares of the investment management company’s stock after buying an additional 154 shares during the quarter. Global Trust Asset Management LLC’s holdings in The Goldman Sachs Group were worth $1,571,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GS. Wealthcare Advisory Partners LLC grew its position in The Goldman Sachs Group by 15.7% during the first quarter. Wealthcare Advisory Partners LLC now owns 2,238 shares of the investment management company’s stock worth $935,000 after buying an additional 304 shares in the last quarter. Thrive Wealth Management LLC boosted its holdings in shares of The Goldman Sachs Group by 9.3% in the 1st quarter. Thrive Wealth Management LLC now owns 655 shares of the investment management company’s stock worth $273,000 after purchasing an additional 56 shares in the last quarter. Norway Savings Bank boosted its holdings in shares of The Goldman Sachs Group by 17.4% in the 1st quarter. Norway Savings Bank now owns 2,410 shares of the investment management company’s stock worth $1,007,000 after purchasing an additional 358 shares in the last quarter. Webster Bank N. A. boosted its holdings in shares of The Goldman Sachs Group by 120.3% in the 1st quarter. Webster Bank N. A. now owns 597 shares of the investment management company’s stock worth $249,000 after purchasing an additional 326 shares in the last quarter. Finally, Independence Bank of Kentucky boosted its holdings in shares of The Goldman Sachs Group by 29.7% in the 1st quarter. Independence Bank of Kentucky now owns 1,592 shares of the investment management company’s stock worth $665,000 after purchasing an additional 365 shares in the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

The Goldman Sachs Group Stock Up 1.4 %

Shares of NYSE:GS opened at $524.50 on Friday. The Goldman Sachs Group, Inc. has a 52-week low of $289.36 and a 52-week high of $540.51. The firm has a market capitalization of $169.13 billion, a P/E ratio of 20.48, a P/E/G ratio of 0.77 and a beta of 1.36. The stock has a 50 day moving average price of $499.70 and a 200-day moving average price of $471.74. The company has a debt-to-equity ratio of 2.20, a quick ratio of 0.72 and a current ratio of 0.72.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Tuesday, October 15th. The investment management company reported $8.40 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $11.77 billion. During the same quarter in the prior year, the company earned $5.47 EPS. The business’s revenue was up 7.4% compared to the same quarter last year. As a group, equities research analysts anticipate 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 announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 2nd will be given a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 2.29%. The ex-dividend date is Monday, December 2nd. The Goldman Sachs Group’s dividend payout ratio is currently 46.86%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on GS shares. Keefe, Bruyette & Woods upped their price objective on The Goldman Sachs Group from $555.00 to $570.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. BMO Capital Markets upped their price objective on The Goldman Sachs Group from $360.00 to $373.00 and gave the stock a “market perform” rating in a report on Wednesday, July 17th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $500.00 price objective on shares of The Goldman Sachs Group in a report on Tuesday, July 30th. UBS Group upped their price objective on The Goldman Sachs Group from $550.00 to $560.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Finally, Evercore ISI upped their price objective on The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, The Goldman Sachs Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $524.69.

Insider Transactions at The Goldman Sachs Group

In other news, insider Brian J. Lee sold 2,000 shares of the 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 transaction, the insider now owns 10,095 shares of the company’s stock, valued at approximately $5,359,435.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Company 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.