110 Shares in The Goldman Sachs Group, Inc. (NYSE:GS) Purchased by Prospera Private Wealth LLC

Prospera Private Wealth LLC bought a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) in the third quarter, Holdings Channel.com reports. The firm bought 110 shares of the investment management company’s stock, valued at approximately $54,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of GS. Avior Wealth Management LLC grew its holdings in The Goldman Sachs Group by 4.0% in the 3rd quarter. Avior Wealth Management LLC now owns 11,863 shares of the investment management company’s stock worth $5,874,000 after buying an additional 459 shares in the last quarter. West Family Investments Inc. boosted its position in The Goldman Sachs Group by 16.2% during the 3rd quarter. West Family Investments Inc. now owns 712 shares of the investment management company’s stock worth $353,000 after acquiring an additional 99 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of The Goldman Sachs Group in the third quarter worth $17,540,000. Banque Cantonale Vaudoise increased its holdings in shares of The Goldman Sachs Group by 108.6% during the third quarter. Banque Cantonale Vaudoise now owns 6,297 shares of the investment management company’s stock valued at $3,118,000 after purchasing an additional 3,279 shares during the period. Finally, First City Capital Management Inc. raised its stake in shares of The Goldman Sachs Group by 13.9% during the third quarter. First City Capital Management Inc. now owns 951 shares of the investment management company’s stock valued at $471,000 after purchasing an additional 116 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

Insider Buying and Selling

In other The Goldman Sachs Group news, insider Brian J. Lee sold 2,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 10,095 shares of the company’s stock, valued at $5,359,435.50. This represents a 16.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Sheara J. Fredman sold 2,974 shares of the business’s stock in a transaction 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 directly owns 8,489 shares in the company, 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 have sold 11,390 shares of company stock worth $6,656,119 in the last quarter. 0.54% of the stock is currently owned by company insiders.

The Goldman Sachs Group Stock Up 2.6 %

GS stock opened at $597.01 on Friday. 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 Goldman Sachs Group, Inc. has a 12-month low of $334.87 and a 12-month high of $607.15. The company has a 50 day moving average of $527.04 and a two-hundred day moving average of $492.68. The company has a market cap of $187.41 billion, a price-to-earnings ratio of 17.52, a PEG ratio of 0.84 and a beta of 1.35.

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

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 2nd will be issued a dividend of $3.00 per share. The ex-dividend date is Monday, December 2nd. This represents a $12.00 annualized dividend and a yield of 2.01%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 35.21%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on GS shares. UBS Group increased their target price on shares of The Goldman Sachs Group from $550.00 to $560.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Citigroup raised their price objective on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a research note on Thursday. Bank of America boosted their target price on The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Wolfe Research raised The Goldman Sachs Group to a “hold” rating in a research note on Wednesday, September 18th. Finally, Oppenheimer lifted their price objective on shares of The Goldman Sachs Group from $614.00 to $661.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, The Goldman Sachs Group presently has a consensus rating of “Moderate Buy” and an average target price of $542.00.

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.