Coastwise Capital Group LLC Has $665,000 Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Coastwise Capital Group LLC lifted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 5.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,342 shares of the investment management company’s stock after acquiring an additional 68 shares during the period. Coastwise Capital Group LLC’s holdings in The Goldman Sachs Group were worth $665,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Ascent Group LLC increased its holdings in The Goldman Sachs Group by 18.6% in the third quarter. Ascent Group LLC now owns 1,751 shares of the investment management company’s stock worth $867,000 after purchasing an additional 274 shares in the last quarter. Beacon Investment Advisory Services Inc. acquired a new position in shares of The Goldman Sachs Group during the 3rd quarter valued at $234,000. Benjamin Edwards Inc. boosted its stake in The Goldman Sachs Group by 493.0% during the third quarter. Benjamin Edwards Inc. now owns 7,585 shares of the investment management company’s stock worth $3,757,000 after acquiring an additional 6,306 shares in the last quarter. Paloma Partners Management Co boosted its stake in The Goldman Sachs Group by 70.0% during the third quarter. Paloma Partners Management Co now owns 8,265 shares of the investment management company’s stock worth $4,092,000 after acquiring an additional 3,404 shares in the last quarter. Finally, Paradigm Capital Management LLC NV acquired a new stake in The Goldman Sachs Group in the third quarter worth $899,000. 71.21% of the stock is owned by institutional investors.

The Goldman Sachs Group Trading Up 0.5 %

NYSE GS opened at $608.57 on Monday. The business’s fifty day moving average is $540.94 and its 200-day moving average is $499.68. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a market capitalization of $191.04 billion, a price-to-earnings ratio of 17.86, a PEG ratio of 0.88 and a beta of 1.35. The Goldman Sachs Group, Inc. has a one year low of $340.09 and a one year high of $612.73.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Tuesday, October 15th. The investment management company reported $8.40 EPS for the quarter, topping the consensus estimate 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 business had revenue of $12.70 billion for the quarter, compared to analyst estimates of $11.77 billion. During the same quarter in the previous year, the firm posted $5.47 earnings per share. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. Equities research analysts predict that The Goldman Sachs Group, Inc. will post 37.15 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors 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 1.97%. The Goldman Sachs Group’s payout ratio is 35.21%.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, EVP John F.W. Rogers sold 6,416 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $596.36, for a total value of $3,826,245.76. Following the completion of the transaction, the executive vice president now owns 57,614 shares in the company, valued at $34,358,685.04. This trade represents a 10.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Sheara J. Fredman sold 2,974 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $594.51, for a total value of $1,768,072.74. Following the sale, the chief accounting officer now owns 8,489 shares in the company, valued at approximately $5,046,795.39. This represents a 25.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,390 shares of company stock valued at $6,656,119. Company insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on GS shares. Wolfe Research upgraded The Goldman Sachs Group to a “hold” rating in a research note on Wednesday, September 18th. UBS Group raised their price objective on The Goldman Sachs Group from $550.00 to $560.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Barclays upped their target price on The Goldman Sachs Group from $565.00 to $588.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Hsbc Global Res downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Finally, 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. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $550.63.

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.