Cable Hill Partners LLC Has $517,000 Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Cable Hill Partners LLC cut its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 3.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,044 shares of the investment management company’s stock after selling 40 shares during the period. Cable Hill Partners LLC’s holdings in The Goldman Sachs Group were worth $517,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kingsview Wealth Management LLC grew its stake in shares of The Goldman Sachs Group by 8.9% in the 1st quarter. Kingsview Wealth Management LLC now owns 4,029 shares of the investment management company’s stock valued at $1,683,000 after purchasing an additional 330 shares during the period. Blair William & Co. IL raised its stake in The Goldman Sachs Group by 18.4% during the first quarter. Blair William & Co. IL now owns 136,231 shares of the investment management company’s stock worth $56,902,000 after acquiring an additional 21,142 shares in the last quarter. Orion Portfolio Solutions LLC lifted its holdings in shares of The Goldman Sachs Group by 3.2% during the first quarter. Orion Portfolio Solutions LLC now owns 11,025 shares of the investment management company’s stock valued at $4,605,000 after acquiring an additional 346 shares during the period. Forum Financial Management LP boosted its stake in shares of The Goldman Sachs Group by 1.5% in the 1st quarter. Forum Financial Management LP now owns 3,838 shares of the investment management company’s stock valued at $1,603,000 after purchasing an additional 55 shares in the last quarter. Finally, Glaxis Capital Management LLC bought a new stake in shares of The Goldman Sachs Group in the 1st quarter worth about $627,000. 71.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Keefe, Bruyette & Woods boosted their price target on shares of The Goldman Sachs Group from $555.00 to $570.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. increased their price target on The Goldman Sachs Group from $472.00 to $520.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Royal Bank of Canada reissued a “sector perform” rating and issued a $500.00 price objective on shares of The Goldman Sachs Group in a research note on Tuesday, July 30th. Wolfe Research upgraded The Goldman Sachs Group to a “hold” rating in a research note on Wednesday, September 18th. Finally, UBS Group raised their price objective 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. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $527.63.

Insider Buying and Selling

In related news, 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 value of $1,768,072.74. Following the sale, the chief accounting officer now directly owns 8,489 shares of the company’s stock, valued at approximately $5,046,795.39. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, EVP John F.W. Rogers sold 6,416 shares of The Goldman Sachs Group stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $596.36, for a total value of $3,826,245.76. Following the sale, the executive vice president now directly owns 57,614 shares in the company, valued at $34,358,685.04. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Sheara J. Fredman sold 2,974 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was 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 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 11,390 shares of company stock valued at $6,656,119. 0.54% of the stock is owned by corporate insiders.

The Goldman Sachs Group Stock Up 0.2 %

Shares of NYSE:GS opened at $594.04 on Thursday. The company has a 50 day moving average price of $511.74 and a two-hundred day moving average price of $485.75. The company has a market capitalization of $186.48 billion, a PE ratio of 17.43, a PEG ratio of 0.86 and a beta of 1.35. The Goldman Sachs Group, Inc. has a 52 week low of $332.47 and a 52 week high of $607.15. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67.

The Goldman Sachs Group (NYSE:GS) last issued 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 return on equity of 11.39% and a net margin of 9.89%. The business had revenue of $12.70 billion for the quarter, compared to the consensus estimate of $11.77 billion. During the same quarter last year, the business posted $5.47 EPS. The firm’s revenue was up 7.4% compared to the same quarter last year. Analysts forecast that The Goldman Sachs Group, Inc. will post 37.15 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The firm 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 $3.00 dividend. The ex-dividend date is Monday, December 2nd. This represents a $12.00 annualized dividend and a dividend yield of 2.02%. The Goldman Sachs Group’s dividend payout ratio is presently 35.21%.

The Goldman Sachs Group Company 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.