The Goldman Sachs Group, Inc. (NYSE:GS) Shares Acquired by Douglass Winthrop Advisors LLC

Douglass Winthrop Advisors LLC increased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 4.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,275 shares of the investment management company’s stock after purchasing an additional 235 shares during the period. Douglass Winthrop Advisors LLC’s holdings in The Goldman Sachs Group were worth $2,612,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in GS. Acadian Asset Management LLC raised its holdings in shares of The Goldman Sachs Group by 407.2% in the 1st quarter. Acadian Asset Management LLC now owns 421 shares of the investment management company’s stock worth $175,000 after purchasing an additional 338 shares in the last quarter. Elkhorn Partners Limited Partnership acquired a new stake in shares of The Goldman Sachs Group during the 1st quarter valued at $4,129,000. Ascent Group LLC boosted its stake in shares of The Goldman Sachs Group by 4.7% during the 1st quarter. Ascent Group LLC now owns 1,102 shares of the investment management company’s stock worth $460,000 after acquiring an additional 49 shares in the last quarter. Silvercrest Asset Management Group LLC grew its holdings in shares of The Goldman Sachs Group by 0.5% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 21,375 shares of the investment management company’s stock worth $8,928,000 after acquiring an additional 109 shares during the last quarter. Finally, Janus Henderson Group PLC raised its position in shares of The Goldman Sachs Group by 1.8% during the first quarter. Janus Henderson Group PLC now owns 57,734 shares of the investment management company’s stock worth $24,114,000 after purchasing an additional 1,002 shares during the period. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP John F.W. Rogers sold 6,416 shares of the business’s stock in a transaction 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 transaction, the executive vice president now owns 57,614 shares of the company’s stock, valued at approximately $34,358,685.04. The trade was a 10.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Brian J. Lee sold 2,000 shares of the business’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $530.90, for a total transaction of $1,061,800.00. Following the transaction, the insider now owns 10,095 shares in the company, valued at approximately $5,359,435.50. The trade was a 16.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,390 shares of company stock valued at $6,656,119 over the last quarter. Insiders own 0.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Morgan Stanley lifted their price target on The Goldman Sachs Group from $560.00 to $570.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. boosted their price target on shares of The Goldman Sachs Group from $472.00 to $520.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. JMP Securities raised their price objective on shares of The Goldman Sachs Group from $525.00 to $550.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 9th. Wolfe Research raised shares of The Goldman Sachs Group to a “hold” rating in a research note on Wednesday, September 18th. Finally, UBS Group raised their target price on The Goldman Sachs Group from $550.00 to $560.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $542.00.

The Goldman Sachs Group Trading Up 1.1 %

NYSE:GS opened at $602.78 on Monday. The company has a market capitalization of $189.22 billion, a P/E ratio of 17.69, a P/E/G ratio of 0.88 and a beta of 1.35. The stock’s 50 day moving average price is $529.52 and its 200 day moving average price is $494.47. 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, Inc. has a 52 week low of $334.87 and a 52 week high of $607.15.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results 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 9.89% and a return on equity of 11.39%. The company had revenue of $12.70 billion for the quarter, compared to analyst estimates of $11.77 billion. During the same quarter in the prior year, the business posted $5.47 EPS. The Goldman Sachs Group’s quarterly revenue was up 7.4% on a year-over-year basis. On average, research analysts forecast that The Goldman Sachs Group, Inc. will post 37.15 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced 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 1.99%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 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.