Meitav Investment House Ltd. Has $5.97 Million Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Meitav Investment House Ltd. lessened its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 91.8% in the third quarter, HoldingsChannel reports. The fund owned 11,917 shares of the investment management company’s stock after selling 133,387 shares during the quarter. Meitav Investment House Ltd.’s holdings in The Goldman Sachs Group were worth $5,972,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Semmax Financial Advisors Inc. bought a new stake in The Goldman Sachs Group during the 2nd quarter valued at $26,000. POM Investment Strategies LLC acquired a new position in shares of The Goldman Sachs Group during the second quarter valued at about $26,000. Headlands Technologies LLC bought a new stake in shares of The Goldman Sachs Group during the second quarter worth about $27,000. SJS Investment Consulting Inc. raised its holdings in shares of 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 acquiring an additional 31 shares during the last quarter. Finally, West Branch Capital LLC bought a new position in The Goldman Sachs Group in the 3rd quarter valued at about $30,000. Institutional investors own 71.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on GS shares. Wolfe Research raised The Goldman Sachs Group to a “hold” rating in a research note on Wednesday, September 18th. Bank of America increased their price target on The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Morgan Stanley lifted their price objective 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. Barclays increased their target price on shares of The Goldman Sachs Group from $565.00 to $588.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Finally, Evercore ISI boosted their price target on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $524.69.

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock opened at $522.41 on Thursday. The business’s 50 day simple moving average is $501.86 and its 200 day simple moving average is $475.93. The Goldman Sachs Group, Inc. has a 12 month low of $300.70 and a 12 month high of $540.51. The company has a market cap of $164.98 billion, a price-to-earnings ratio of 15.39, a PEG ratio of 0.75 and a beta of 1.36. The company has a current ratio of 1.11, a quick ratio of 0.72 and a debt-to-equity ratio of 2.07.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Tuesday, October 15th. The investment management company reported $8.40 EPS for the quarter, beating analysts’ consensus estimates of $6.89 by $1.51. The Goldman Sachs Group had a return on equity of 11.05% and a net margin of 9.89%. The firm had revenue of $12.70 billion for the quarter, compared to analysts’ expectations of $11.77 billion. During the same quarter in the prior year, the firm earned $5.47 EPS. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. Sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 37.14 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 2nd will be given a dividend of $3.00 per share. The ex-dividend date is Monday, December 2nd. This represents a $12.00 dividend on an annualized basis and a yield of 2.30%. The Goldman Sachs Group’s dividend payout ratio is presently 35.21%.

Insider Transactions at The Goldman Sachs Group

In related news, insider Brian J. Lee sold 2,000 shares of the company’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 sale, the insider now directly owns 10,095 shares in the company, valued at approximately $5,359,435.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.57% of the company’s stock.

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.