The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by New Millennium Group LLC

New Millennium Group LLC cut its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 98.4% in the 3rd quarter, Holdings Channel reports. The fund owned 89 shares of the investment management company’s stock after selling 5,408 shares during the period. New Millennium Group LLC’s holdings in The Goldman Sachs Group were worth $44,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. West Family Investments Inc. lifted its holdings 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 buying an additional 99 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of The Goldman Sachs Group during the 3rd quarter valued at about $17,540,000. Banque Cantonale Vaudoise lifted its holdings in The Goldman Sachs Group by 108.6% in the third quarter. Banque Cantonale Vaudoise now owns 6,297 shares of the investment management company’s stock worth $3,118,000 after acquiring an additional 3,279 shares during the last quarter. First City Capital Management Inc. lifted its holdings in shares of The Goldman Sachs Group by 13.9% in the 3rd quarter. First City Capital Management Inc. now owns 951 shares of the investment management company’s stock worth $471,000 after purchasing an additional 116 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC boosted its position in The Goldman Sachs Group by 39.7% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 13,706 shares of the investment management company’s stock valued at $6,786,000 after purchasing an additional 3,893 shares during the period. 71.21% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other The Goldman Sachs Group news, EVP John F.W. Rogers sold 6,416 shares of The Goldman Sachs Group stock in a transaction dated Wednesday, November 6th. The stock was 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 $34,358,685.04. The trade was a 10.02 % decrease in their position. The transaction 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 stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 10,095 shares of the company’s stock, valued at $5,359,435.50. This trade represents a 16.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,390 shares of company stock worth $6,656,119 over the last ninety days. 0.57% of the stock is currently owned by company insiders.

The Goldman Sachs Group Price Performance

NYSE GS opened at $579.77 on Tuesday. The Goldman Sachs Group, Inc. has a 1 year low of $334.55 and a 1 year high of $607.15. The business’s fifty day moving average is $520.09 and its two-hundred day moving average is $490.31. The stock has a market capitalization of $182.00 billion, a P/E ratio of 17.26, a P/E/G ratio of 0.86 and a beta of 1.35. 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 announced its earnings results on Tuesday, October 15th. The investment management company reported $8.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $12.70 billion for the quarter, compared to analyst estimates of $11.77 billion. During the same period in the previous year, the firm earned $5.47 earnings per share. The Goldman Sachs Group’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, research analysts forecast 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 2nd will be paid a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date is Monday, December 2nd. The Goldman Sachs Group’s dividend payout ratio is presently 35.21%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on GS. Royal Bank of Canada reiterated a “sector perform” rating and issued a $500.00 price objective on shares of The Goldman Sachs Group in a research report on Tuesday, July 30th. UBS Group increased their price objective on The Goldman Sachs Group from $550.00 to $560.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Evercore ISI boosted their price target on The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. JMP Securities raised their price target on The Goldman Sachs Group from $525.00 to $550.00 and gave the company a “market outperform” rating in a report on Wednesday, October 9th. Finally, Wells Fargo & Company lifted their price objective on shares of The Goldman Sachs Group from $600.00 to $680.00 and gave the company an “overweight” rating in a research note on Friday. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $535.75.

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.