Qsemble Capital Management LP Sells 3,613 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Qsemble Capital Management LP lowered its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 43.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,682 shares of the investment management company’s stock after selling 3,613 shares during the quarter. Qsemble Capital Management LP’s holdings in The Goldman Sachs Group were worth $2,318,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Acadian Asset Management LLC boosted its position in The Goldman Sachs Group by 407.2% during the 1st quarter. Acadian Asset Management LLC now owns 421 shares of the investment management company’s stock worth $175,000 after acquiring an additional 338 shares during the last quarter. Silvercrest Asset Management Group LLC lifted its position in The Goldman Sachs Group by 0.5% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 21,375 shares of the investment management company’s stock worth $8,928,000 after buying an additional 109 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of The Goldman Sachs Group by 1.8% during the 1st quarter. Janus Henderson Group PLC now owns 57,734 shares of the investment management company’s stock worth $24,114,000 after buying an additional 1,002 shares during the last quarter. Dynasty Wealth Management LLC bought a new position in shares of The Goldman Sachs Group in the 1st quarter valued at about $1,064,000. Finally, SkyView Investment Advisors LLC boosted its position in The Goldman Sachs Group by 2.6% during the first quarter. SkyView Investment Advisors LLC now owns 2,980 shares of the investment management company’s stock valued at $1,245,000 after purchasing an additional 75 shares during the last quarter. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Trading Up 0.0 %

Shares of GS stock opened at $603.03 on Tuesday. The Goldman Sachs Group, Inc. has a twelve month low of $334.87 and a twelve month high of $611.30. The stock’s fifty day simple moving average is $531.87 and its 200 day simple moving average is $495.51. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The firm has a market capitalization of $189.30 billion, a P/E ratio of 17.69, a P/E/G ratio of 0.88 and a beta of 1.35.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Tuesday, October 15th. The investment management company reported $8.40 EPS for the quarter, topping analysts’ consensus estimates of $6.89 by $1.51. The company had revenue of $12.70 billion for the quarter, compared to analyst estimates of $11.77 billion. The Goldman Sachs Group had a return on equity of 11.39% and a net margin of 9.89%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the firm earned $5.47 earnings per share. As a group, sell-side analysts predict that The Goldman Sachs Group, Inc. will post 37.15 EPS 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. Investors 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 1.99%. The ex-dividend date of this dividend is Monday, December 2nd. The Goldman Sachs Group’s dividend payout ratio is presently 35.21%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. UBS Group raised their price objective on 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. Evercore ISI increased their price objective on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Citigroup lifted their target price on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a report on Thursday, November 21st. Royal Bank of Canada restated a “sector perform” rating and set a $500.00 price objective on shares of The Goldman Sachs Group in a research report on Tuesday, July 30th. Finally, JMP Securities upped their target price on The Goldman Sachs Group from $525.00 to $550.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 9th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $542.00.

Insiders Place Their Bets

In other The Goldman Sachs Group news, insider Brian J. Lee sold 2,000 shares of The Goldman Sachs Group stock in a transaction 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 transaction, the insider now directly owns 10,095 shares of the company’s stock, valued at $5,359,435.50. The trade was a 16.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John F.W. Rogers sold 6,416 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $596.36, for a total transaction of $3,826,245.76. Following the completion of the sale, the executive vice president now owns 57,614 shares of the company’s stock, valued at approximately $34,358,685.04. This represents a 10.02 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,390 shares of company stock worth $6,656,119. Company insiders own 0.57% of the company’s stock.

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.