Fulcrum Equity Management Cuts Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Fulcrum Equity Management cut its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 7.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 411 shares of the investment management company’s stock after selling 33 shares during the quarter. Fulcrum Equity Management’s holdings in The Goldman Sachs Group were worth $203,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Anchor Investment Management LLC grew its holdings in The Goldman Sachs Group by 29.1% during the 3rd quarter. Anchor Investment Management LLC now owns 4,230 shares of the investment management company’s stock worth $2,094,000 after acquiring an additional 953 shares in the last quarter. Tudor Financial Inc. purchased a new stake in shares of The Goldman Sachs Group during the 3rd quarter worth $228,000. Chelsea Counsel Co. grew its stake in shares of The Goldman Sachs Group by 400.0% during the third quarter. Chelsea Counsel Co. now owns 375 shares of the investment management company’s stock worth $186,000 after purchasing an additional 300 shares in the last quarter. SkyView Investment Advisors LLC increased its holdings in The Goldman Sachs Group by 8.8% in the third quarter. SkyView Investment Advisors LLC now owns 3,553 shares of the investment management company’s stock valued at $1,759,000 after buying an additional 286 shares during the last quarter. Finally, M&T Bank Corp raised its stake in The Goldman Sachs Group by 0.6% in the third quarter. M&T Bank Corp now owns 27,271 shares of the investment management company’s stock valued at $13,502,000 after buying an additional 157 shares in the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on GS shares. Morgan Stanley upped their price objective on The Goldman Sachs Group from $560.00 to $570.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Keefe, Bruyette & Woods upped their price target on The Goldman Sachs Group from $570.00 to $686.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Wolfe Research raised shares of The Goldman Sachs Group to a “hold” rating in a report on Wednesday, September 18th. 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, JPMorgan Chase & Co. increased their target price on shares of The Goldman Sachs Group from $520.00 to $550.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $559.75.

The Goldman Sachs Group Stock Up 1.3 %

The Goldman Sachs Group stock opened at $592.54 on Thursday. The stock has a market capitalization of $186.00 billion, a price-to-earnings ratio of 17.39, a PEG ratio of 0.86 and a beta of 1.38. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The stock has a 50 day moving average of $557.16 and a two-hundred day moving average of $506.84. The Goldman Sachs Group, Inc. has a twelve month low of $349.58 and a twelve month high of $612.73.

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

The Goldman Sachs Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 2nd will be paid a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date is Monday, December 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is 35.21%.

Insider Activity at The Goldman Sachs Group

In related news, CAO Sheara J. Fredman sold 2,974 shares of the firm’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 completion of the sale, the chief accounting officer now owns 8,489 shares in the company, valued at $5,046,795.39. This trade represents a 25.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO David M. Solomon sold 6,550 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $610.91, for a total transaction of $4,001,460.50. Following the transaction, the chief executive officer now owns 117,883 shares in the company, valued at $72,015,903.53. The trade was a 5.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,940 shares of company stock worth $13,717,979 over the last three months. 0.57% of the stock is currently owned by corporate insiders.

About The Goldman Sachs Group

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.