International Assets Investment Management LLC Makes New Investment in The Goldman Sachs Group, Inc. $GS

International Assets Investment Management LLC bought a new stake in The Goldman Sachs Group, Inc. (NYSE:GS) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 4,974 shares of the investment management company’s stock, valued at approximately $4,460,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Orange County Employees Retirement System acquired a new position in shares of The Goldman Sachs Group during the second quarter valued at $69,537,544,000. BlackRock Inc. acquired a new stake in The Goldman Sachs Group in the second quarter worth about $24,172,123,000. Bank of America Corp DE acquired a new stake in The Goldman Sachs Group in the second quarter worth about $6,756,772,000. Bank of New York Mellon Corp bought a new stake in The Goldman Sachs Group during the 2nd quarter worth about $2,560,028,000. Finally, Dimensional Fund Advisors LP raised its holdings in The Goldman Sachs Group by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,840,675 shares of the investment management company’s stock worth $1,556,706,000 after purchasing an additional 9,770 shares during the last quarter. Institutional investors own 71.21% of the company’s stock.

Insider Transactions at The Goldman Sachs Group

In related news, insider Ericka T. Leslie sold 100 shares of The Goldman Sachs Group stock in a transaction that occurred on Wednesday, October 28th. The shares were sold at an average price of $926.28, for a total transaction of $92,628.00. Following the transaction, the insider owned 10,460 shares of the company’s stock, valued at $9,688,888.80. This trade represents a 0.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David M. Solomon sold 12,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 27th. The shares were sold at an average price of $910.72, for a total transaction of $10,928,640.00. Following the transaction, the chief executive officer owned 159,180 shares of the company’s stock, valued at approximately $144,968,409.60. This represents a 7.01% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 12,500 shares of company stock valued at $11,380,508. 0.55% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on GS shares. Barclays upped their target price on shares of The Goldman Sachs Group from $1,048.00 to $1,245.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. Keefe, Bruyette & Woods dropped their price target on shares of The Goldman Sachs Group from $1,130.00 to $1,100.00 and set a “market perform” rating for the company in a research note on Wednesday, October 14th. Jefferies Financial Group set a $1,299.00 price target on shares of The Goldman Sachs Group in a research note on Wednesday, July 15th. Bank of America increased their price objective on shares of The Goldman Sachs Group from $1,150.00 to $1,300.00 and gave the company a “buy” rating in a report on Thursday, July 16th. Finally, Loop Capital set a $1,050.00 price objective on shares of The Goldman Sachs Group in a research note on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $1,052.04.

The Goldman Sachs Group Trading Down 0.4%

NYSE GS opened at $865.88 on Friday. The stock has a 50-day simple moving average of $932.40 and a 200 day simple moving average of $956.58. The company has a market capitalization of $249.75 billion, a PE ratio of 12.45, a P/E/G ratio of 0.81 and a beta of 1.29. The company has a current ratio of 0.61, a quick ratio of 0.63 and a debt-to-equity ratio of 3.20. The Goldman Sachs Group, Inc. has a 12 month low of $754.00 and a 12 month high of $1,153.99.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Tuesday, October 13th. The investment management company reported $17.01 earnings per share for the quarter, beating the consensus estimate of $12.86 by $4.15. The Goldman Sachs Group had a return on equity of 20.21% and a net margin of 15.77%. The firm had revenue of $18.68 billion for the quarter, compared to analyst estimates of $16.83 billion. During the same quarter in the prior year, the firm posted $12.25 earnings per share. The company’s quarterly revenue was up 23.0% on a year-over-year basis. Research analysts forecast that The Goldman Sachs Group, Inc. will post 71.49 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Wednesday, December 2nd will be paid a $5.00 dividend. The ex-dividend date of this dividend is Wednesday, December 2nd. This represents a $20.00 dividend on an annualized basis and a dividend yield of 2.3%. The Goldman Sachs Group’s dividend payout ratio is 28.76%.

Trending Headlines about The Goldman Sachs Group

Here are the key news stories impacting The Goldman Sachs Group this week:

• Positive Sentiment: Bank of America Securities maintained its Buy rating and $1,050 price target, citing stronger client relationships, growth investments and resilient fee income. Goldman Sachs Earns Buy Rating
• Positive Sentiment: ETFs were reported to have bought a net $108.5 million of GS shares on Nov. 4, indicating institutional fund demand, though flows can fluctuate. ETFs Bought Goldman Shares
• Neutral Sentiment: The Supreme Court agreed to consider Goldman’s bid over whether bankruptcy courts can override arbitration agreements. The decision could affect the enforceability of arbitration agreements, but the outcome and financial implications are not yet known. Supreme Court to Hear Goldman Sachs’ Bankruptcy Arbitration Bid
• Negative Sentiment: Goldman’s trading desk reportedly saw buyers disappear during a sharp technology-led market selloff. That broad risk-off backdrop may weigh on the shares regardless of company-specific fundamentals. Goldman Sachs’ Trading Desk Sees Buyers Disappear During Selloff

The Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc is a global financial services firm founded in 1869 and headquartered in New York City. It serves corporations, financial institutions, governments and individuals across major financial markets worldwide.

The company’s businesses include investment banking, global markets, and asset and wealth management. Its services include advising on mergers and acquisitions and other strategic transactions, helping clients raise capital, facilitating trading and risk management, and managing investments and wealth for institutions and individuals.

Goldman Sachs also provides consumer financial products and digital financial services.