Claro Advisors LLC Acquires 149 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Claro Advisors LLC lifted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 21.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 849 shares of the investment management company’s stock after buying an additional 149 shares during the period. Claro Advisors LLC’s holdings in The Goldman Sachs Group were worth $420,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. RiverPark Advisors LLC raised its position in The Goldman Sachs Group by 32.7% during the third quarter. RiverPark Advisors LLC now owns 142 shares of the investment management company’s stock valued at $70,000 after purchasing an additional 35 shares during the period. Concord Asset Management LLC VA raised its holdings in The Goldman Sachs Group by 17.3% during the 3rd quarter. Concord Asset Management LLC VA now owns 4,344 shares of the investment management company’s stock valued at $2,151,000 after buying an additional 640 shares during the period. Peterson Financial Group Inc. purchased a new stake in The Goldman Sachs Group during the 3rd quarter valued at $163,000. Atlanta Consulting Group Advisors LLC lifted its position in The Goldman Sachs Group by 5.6% in the third quarter. Atlanta Consulting Group Advisors LLC now owns 1,199 shares of the investment management company’s stock worth $594,000 after buying an additional 64 shares during the last quarter. Finally, Schear Investment Advisers LLC boosted its stake in The Goldman Sachs Group by 10.8% during the third quarter. Schear Investment Advisers LLC now owns 3,243 shares of the investment management company’s stock worth $1,606,000 after buying an additional 316 shares during the period. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

The Goldman Sachs Group Stock Down 0.9 %

Shares of The Goldman Sachs Group stock opened at $588.06 on Tuesday. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a market cap of $184.60 billion, a price-to-earnings ratio of 17.26, a PEG ratio of 0.86 and a beta of 1.35. The firm’s 50-day moving average is $520.09 and its two-hundred day moving average is $490.31. The Goldman Sachs Group, Inc. has a 1 year low of $334.55 and a 1 year high of $607.15.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate 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 quarterly revenue was up 7.4% on a year-over-year basis. During the same period last year, the firm earned $5.47 earnings per share. As a group, research analysts expect that The Goldman Sachs Group, Inc. will post 37.15 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 2nd will be given a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend is Monday, December 2nd. The Goldman Sachs Group’s payout ratio is 35.21%.

Insider Buying and Selling

In related news, insider Brian J. Lee sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $530.90, for a total transaction of $1,061,800.00. Following the completion of the transaction, the insider now owns 10,095 shares in the company, valued at $5,359,435.50. The trade was a 16.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John F.W. Rogers sold 6,416 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $596.36, for a total transaction of $3,826,245.76. Following the completion of the sale, the executive vice president now owns 57,614 shares of the company’s stock, valued at approximately $34,358,685.04. This trade represents a 10.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,390 shares of company stock worth $6,656,119 in the last three months. 0.54% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

GS has been the subject of several analyst reports. JMP Securities raised their target price on shares of The Goldman Sachs Group from $525.00 to $550.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 9th. Evercore ISI raised their price objective on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Barclays upped their target price on The Goldman Sachs Group from $565.00 to $588.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Wolfe Research raised The Goldman Sachs Group to a “hold” rating in a research note on Wednesday, September 18th. Finally, Morgan Stanley upped their price objective on The Goldman Sachs Group from $560.00 to $570.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $535.75.

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.