The Goldman Sachs Group, Inc. (NYSE:GS) Shares Bought by Icon Wealth Advisors LLC

Icon Wealth Advisors LLC boosted its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 35.8% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 482 shares of the investment management company’s stock after purchasing an additional 127 shares during the period. Icon Wealth Advisors LLC’s holdings in The Goldman Sachs Group were worth $239,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Transcend Capital Advisors LLC boosted its holdings in The Goldman Sachs Group by 6.7% during the second quarter. Transcend Capital Advisors LLC now owns 2,573 shares of the investment management company’s stock worth $1,164,000 after buying an additional 161 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its position in shares of The Goldman Sachs Group by 6.4% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 12,432 shares of the investment management company’s stock valued at $5,623,000 after acquiring an additional 753 shares during the period. Hudson Valley Investment Advisors Inc. ADV increased its stake in shares of The Goldman Sachs Group by 29.3% in the 2nd quarter. Hudson Valley Investment Advisors Inc. ADV now owns 679 shares of the investment management company’s stock valued at $307,000 after purchasing an additional 154 shares in the last quarter. Versant Capital Management Inc raised its holdings in The Goldman Sachs Group by 228.8% in the 2nd quarter. Versant Capital Management Inc now owns 217 shares of the investment management company’s stock worth $98,000 after purchasing an additional 151 shares during the period. Finally, Bank & Trust Co purchased a new position in The Goldman Sachs Group during the second quarter worth approximately $39,000. Hedge funds and other institutional investors 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 company’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $530.90, for a total value of $1,061,800.00. Following the transaction, the insider now directly owns 10,095 shares in the company, valued at approximately $5,359,435.50. This represents a 16.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Sheara J. Fredman sold 2,974 shares of The Goldman Sachs Group stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $594.51, for a total transaction of $1,768,072.74. Following the completion of the sale, the chief accounting officer now owns 8,489 shares of the company’s stock, valued at $5,046,795.39. This trade represents a 25.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,390 shares of company stock valued at $6,656,119 over the last quarter. 0.54% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on GS shares. Morgan Stanley boosted their price objective on The Goldman Sachs Group from $560.00 to $570.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. JMP Securities boosted their price target on shares of The Goldman Sachs Group from $525.00 to $550.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 9th. Oppenheimer increased their price objective on shares of The Goldman Sachs Group from $614.00 to $661.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. lifted their target price 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. Finally, Keefe, Bruyette & Woods upped their price target on shares of The Goldman Sachs Group from $555.00 to $570.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $550.63.

The Goldman Sachs Group Stock Up 0.5 %

Shares of GS opened at $608.57 on Friday. The stock has a fifty day simple moving average of $540.94 and a two-hundred day simple moving average of $499.44. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The company has a market capitalization of $191.04 billion, a PE ratio of 17.86, a price-to-earnings-growth ratio of 0.88 and a beta of 1.35. The Goldman Sachs Group, Inc. has a 52-week low of $340.09 and a 52-week high of $612.73.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Tuesday, October 15th. The investment management company reported $8.40 EPS for the quarter, topping analysts’ consensus estimates of $6.89 by $1.51. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.39%. The company had revenue of $12.70 billion for the quarter, compared to the consensus estimate of $11.77 billion. During the same period in the previous year, the firm earned $5.47 earnings per share. The Goldman Sachs Group’s quarterly revenue was up 7.4% compared to the same quarter last year. As a group, equities analysts forecast that The Goldman Sachs Group, Inc. will post 37.15 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 2nd will be given a $3.00 dividend. The ex-dividend date is Monday, December 2nd. This represents a $12.00 annualized dividend and a yield of 1.97%. The Goldman Sachs Group’s payout ratio is 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.