Bank of Stockton Boosts Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Bank of Stockton lifted its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 3.8% during the third quarter, HoldingsChannel.com reports. The firm owned 2,738 shares of the investment management company’s stock after purchasing an additional 99 shares during the quarter. Bank of Stockton’s holdings in The Goldman Sachs Group were worth $1,356,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. POM Investment Strategies LLC bought a new stake in shares of The Goldman Sachs Group during the 2nd quarter valued at about $26,000. Semmax Financial Advisors Inc. purchased a new stake in The Goldman Sachs Group in the second quarter valued at approximately $26,000. Headlands Technologies LLC bought a new stake in The Goldman Sachs Group during the second quarter valued at approximately $27,000. SJS Investment Consulting Inc. grew its stake in The Goldman Sachs Group by 103.3% in the 2nd quarter. SJS Investment Consulting Inc. now owns 61 shares of the investment management company’s stock worth $28,000 after buying an additional 31 shares in the last quarter. Finally, Quest Partners LLC increased its holdings in shares of The Goldman Sachs Group by 6,300.0% in the 2nd quarter. Quest Partners LLC now owns 64 shares of the investment management company’s stock worth $29,000 after buying an additional 63 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

GS has been the subject of a number of research analyst reports. BMO Capital Markets lifted their price objective on shares of 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. UBS Group lifted their price target on The Goldman Sachs Group from $550.00 to $560.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. increased their price objective on 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. Morgan Stanley raised their price target on shares of The Goldman Sachs Group from $560.00 to $570.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Finally, Evercore ISI boosted their price objective on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $524.69.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Brian J. Lee sold 2,000 shares of the business’s stock in a transaction 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 sale, the insider now directly owns 10,095 shares of the company’s stock, valued at approximately $5,359,435.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.54% of the stock is owned by corporate insiders.

The Goldman Sachs Group Stock Down 0.6 %

Shares of GS stock traded down $2.89 during mid-day trading on Friday, reaching $521.61. 324,268 shares of the company’s stock traded hands, compared to its average volume of 2,199,450. The company’s 50-day moving average price is $500.21 and its 200-day moving average price is $472.10. The company has a market cap of $168.20 billion, a P/E ratio of 20.40, a P/E/G ratio of 0.77 and a beta of 1.36. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.20. The Goldman Sachs Group, Inc. has a 12 month low of $289.36 and a 12 month high of $540.51.

The Goldman Sachs Group (NYSE:GS) last posted 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 9.36% and a return on equity of 10.56%. 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 Goldman Sachs Group’s quarterly revenue was up 7.4% on a year-over-year basis. On average, equities analysts expect that The Goldman Sachs Group, Inc. will post 35.52 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business 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 dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date is Monday, December 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 46.86%.

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.