HTLF Bank Sells 229 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

HTLF Bank lessened its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 10.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,058 shares of the investment management company’s stock after selling 229 shares during the quarter. HTLF Bank’s holdings in The Goldman Sachs Group were worth $1,019,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. First Pacific Financial grew its position in The Goldman Sachs Group by 0.6% during the 3rd quarter. First Pacific Financial now owns 3,167 shares of the investment management company’s stock worth $1,568,000 after purchasing an additional 20 shares during the last quarter. Shulman DeMeo Asset Management LLC purchased a new stake in shares of The Goldman Sachs Group in the 3rd quarter valued at $203,000. Swedbank AB boosted its holdings in shares of The Goldman Sachs Group by 4.2% in the 3rd quarter. Swedbank AB now owns 339,047 shares of the investment management company’s stock valued at $167,866,000 after acquiring an additional 13,730 shares during the last quarter. Zhang Financial LLC boosted its holdings in shares of The Goldman Sachs Group by 5.1% in the 3rd quarter. Zhang Financial LLC now owns 4,174 shares of the investment management company’s stock valued at $2,066,000 after acquiring an additional 201 shares during the last quarter. Finally, Norway Savings Bank boosted its holdings in The Goldman Sachs Group by 2.8% during the third quarter. Norway Savings Bank now owns 2,590 shares of the investment management company’s stock worth $1,282,000 after buying an additional 71 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Seaport Res Ptn downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 2nd. JMP Securities upped 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 report on Wednesday, October 9th. Keefe, Bruyette & Woods increased their target price on shares of The Goldman Sachs Group from $485.00 to $520.00 and gave the company an “outperform” rating in a research report on Thursday, June 27th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $500.00 target price on shares of The Goldman Sachs Group in a research report on Tuesday, July 30th. Finally, UBS Group increased 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 investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, The Goldman Sachs Group presently has a consensus rating of “Moderate Buy” and an average price target of $504.75.

The Goldman Sachs Group Trading Down 0.0 %

Shares of GS stock traded down $0.15 during trading on Tuesday, hitting $522.60. 4,523,741 shares of the stock traded hands, compared to its average volume of 2,219,836. The firm has a market capitalization of $168.52 billion, a P/E ratio of 20.49, a price-to-earnings-growth ratio of 0.77 and a beta of 1.36. The company has a debt-to-equity ratio of 2.20, a current ratio of 0.72 and a quick ratio of 0.72. The firm’s fifty day moving average price is $494.34 and its 200-day moving average price is $466.65. The Goldman Sachs Group, Inc. has a 52-week low of $289.36 and a 52-week high of $540.51.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Tuesday, October 15th. The investment management company reported $8.40 EPS for the quarter, beating the consensus estimate of $7.87 by $0.53. The firm had revenue of $12.70 billion for the quarter, compared to analyst estimates of $11.77 billion. The Goldman Sachs Group had a net margin of 9.36% and a return on equity of 10.56%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.47 EPS. As a group, research analysts forecast that The Goldman Sachs Group, Inc. will post 35.52 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company 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 $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 2.30%. The Goldman Sachs Group’s payout ratio is 46.86%.

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.