Chevy Chase Trust Holdings LLC Sells 7,482 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Chevy Chase Trust Holdings LLC lowered its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 507,547 shares of the investment management company’s stock after selling 7,482 shares during the period. The Goldman Sachs Group comprises about 0.8% of Chevy Chase Trust Holdings LLC’s investment portfolio, making the stock its 17th biggest position. Chevy Chase Trust Holdings LLC’s holdings in The Goldman Sachs Group were worth $251,291,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Semmax Financial Advisors Inc. bought a new stake in The Goldman Sachs Group in the 2nd quarter worth $26,000. POM Investment Strategies LLC purchased a new position in The Goldman Sachs Group in the second quarter worth about $26,000. Headlands Technologies LLC purchased a new position in The Goldman Sachs Group in the second quarter worth about $27,000. SJS Investment Consulting Inc. raised its holdings in The Goldman Sachs Group by 103.3% in the second quarter. SJS Investment Consulting Inc. now owns 61 shares of the investment management company’s stock worth $28,000 after buying an additional 31 shares during the last quarter. Finally, West Branch Capital LLC bought a new stake in shares of The Goldman Sachs Group in the third quarter worth approximately $30,000. Institutional investors own 71.21% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Keefe, Bruyette & Woods lifted their price target on shares of The Goldman Sachs Group from $555.00 to $570.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. upped their price target on shares of 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. Hsbc Global Res downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Wolfe Research raised shares of The Goldman Sachs Group to a “hold” rating in a report on Wednesday, September 18th. Finally, Bank of America upped their price target on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $550.63.

Insiders Place Their Bets

In other news, CAO Sheara J. Fredman sold 2,974 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $594.51, for a total transaction of $1,768,072.74. Following the completion of the transaction, the chief accounting officer now owns 8,489 shares of the company’s stock, valued at $5,046,795.39. This represents a 25.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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 sale, the insider now directly owns 10,095 shares of the company’s stock, valued at approximately $5,359,435.50. This trade represents a 16.54 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,390 shares of company stock worth $6,656,119. 0.54% of the stock is owned by corporate insiders.

The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock opened at $606.99 on Monday. The Goldman Sachs Group, Inc. has a one year low of $340.54 and a one year high of $612.73. The company has a market cap of $190.54 billion, a PE ratio of 17.86, a P/E/G ratio of 0.88 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 business has a 50-day simple moving average of $540.94 and a 200-day simple moving average of $499.68.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Tuesday, October 15th. The investment management company reported $8.40 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $11.77 billion. During the same quarter in the previous year, the business earned $5.47 earnings per share. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, equities research analysts forecast that The Goldman Sachs Group, Inc. will post 37.15 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

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 paid a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend is Monday, December 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 35.21%.

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.