Delta Financial Advisors LLC Sells 96 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Delta Financial Advisors LLC reduced its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.4% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,843 shares of the investment management company’s stock after selling 96 shares during the quarter. The Goldman Sachs Group accounts for about 1.2% of Delta Financial Advisors LLC’s investment portfolio, making the stock its 25th biggest holding. Delta Financial Advisors LLC’s holdings in The Goldman Sachs Group were worth $3,388,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of GS. POM Investment Strategies LLC bought a new stake in shares of The Goldman Sachs Group in the second quarter worth approximately $26,000. Semmax Financial Advisors Inc. bought a new stake in shares of The Goldman Sachs Group in the second quarter worth approximately $26,000. Headlands Technologies LLC bought a new stake in shares of The Goldman Sachs Group in the second quarter worth approximately $27,000. SJS Investment Consulting Inc. grew its stake in shares of 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 acquiring an additional 31 shares during the period. Finally, Quest Partners LLC grew its stake in shares of The Goldman Sachs Group by 6,300.0% in the second quarter. Quest Partners LLC now owns 64 shares of the investment management company’s stock worth $29,000 after acquiring an additional 63 shares during the period. 71.21% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

GS has been the subject of a number of research analyst reports. BMO Capital Markets lifted their price target on shares of The Goldman Sachs Group from $360.00 to $373.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 17th. Oppenheimer boosted their target price on shares of The Goldman Sachs Group from $614.00 to $661.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Barclays boosted 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 research report on Wednesday, October 16th. Royal Bank of Canada restated a “sector perform” rating and set a $500.00 target price on shares of The Goldman Sachs Group in a research report on Tuesday, July 30th. Finally, UBS Group boosted their target price on shares of The Goldman Sachs Group from $550.00 to $560.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $527.63.

Insider Transactions at The Goldman Sachs Group

In related news, EVP John F.W. Rogers sold 6,416 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $596.36, for a total value of $3,826,245.76. Following the completion of the sale, the executive vice president now directly owns 57,614 shares of the company’s stock, valued at $34,358,685.04. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP John F.W. Rogers sold 6,416 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $596.36, for a total value of $3,826,245.76. Following the completion of the sale, the executive vice president now directly owns 57,614 shares of the company’s stock, valued at $34,358,685.04. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Sheara J. Fredman sold 2,974 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total transaction of $1,768,072.74. Following the completion of the sale, the chief accounting officer now directly owns 8,489 shares of the company’s stock, valued at approximately $5,046,795.39. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,390 shares of company stock worth $6,656,119. Insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Price Performance

GS stock opened at $589.26 on Monday. The company has a market capitalization of $184.97 billion, a PE ratio of 17.29, a price-to-earnings-growth ratio of 0.86 and a beta of 1.35. The company’s fifty day moving average price is $507.79 and its 200-day moving average price is $483.30. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.72 and a current ratio of 0.67. The Goldman Sachs Group, Inc. has a one year low of $319.66 and a one year high of $598.60.

The Goldman Sachs Group (NYSE:GS) last posted 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 net margin of 9.89% and a return on equity of 11.39%. The business had revenue of $12.70 billion for the quarter, compared to analysts’ expectations of $11.77 billion. During the same quarter in the previous year, the business posted $5.47 earnings per share. The business’s revenue was up 7.4% compared to the same quarter last year. On average, equities analysts anticipate 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 declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 2nd will be issued a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date is Monday, December 2nd. The Goldman Sachs Group’s payout ratio is presently 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.