Olstein Capital Management L.P. Has $4.56 Million Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Olstein Capital Management L.P. decreased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 23.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,200 shares of the investment management company’s stock after selling 2,800 shares during the quarter. Olstein Capital Management L.P.’s holdings in The Goldman Sachs Group were worth $4,555,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Ascent Wealth Partners LLC boosted its holdings in shares of The Goldman Sachs Group by 0.5% during the 3rd quarter. Ascent Wealth Partners LLC now owns 6,988 shares of the investment management company’s stock worth $3,460,000 after buying an additional 33 shares during the period. Castle Wealth Management LLC bought a new stake in shares of The Goldman Sachs Group during the 3rd quarter worth $674,000. Principal Financial Group Inc. boosted its holdings in shares of The Goldman Sachs Group by 2.1% during the 3rd quarter. Principal Financial Group Inc. now owns 364,276 shares of the investment management company’s stock worth $180,357,000 after buying an additional 7,644 shares during the period. Cozad Asset Management Inc. bought a new stake in The Goldman Sachs Group in the 3rd quarter valued at $4,015,000. Finally, WoodTrust Financial Corp boosted its holdings in The Goldman Sachs Group by 1.5% in the 3rd quarter. WoodTrust Financial Corp now owns 16,606 shares of the investment management company’s stock valued at $8,222,000 after purchasing an additional 241 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on GS shares. Bank of America raised their price objective on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. UBS Group raised their price objective on shares of The Goldman Sachs Group from $550.00 to $560.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Morgan Stanley increased their target price on shares of The Goldman Sachs Group from $560.00 to $570.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. BMO Capital Markets increased their target price on shares of The Goldman Sachs Group from $360.00 to $373.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 17th. Finally, Barclays increased their target price on shares of The Goldman Sachs Group from $565.00 to $588.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $527.63.

The Goldman Sachs Group Trading Down 0.7 %

Shares of GS traded down $4.08 on Thursday, reaching $591.90. 476,315 shares of the company’s stock were exchanged, compared to its average volume of 2,209,166. The stock has a market capitalization of $186.92 billion, a P/E ratio of 17.49, a price-to-earnings-growth ratio of 0.74 and a beta of 1.35. The business has a 50 day moving average price of $504.77 and a two-hundred day moving average price of $480.57. The company has a current ratio of 1.11, a quick ratio of 0.72 and a debt-to-equity ratio of 2.07. The Goldman Sachs Group, Inc. has a 12 month low of $319.66 and a 12 month high of $598.60.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Tuesday, October 15th. The investment management company reported $8.40 earnings per share for the quarter, beating the consensus estimate of $6.89 by $1.51. The company had revenue of $12.70 billion during the quarter, compared to analysts’ expectations of $11.77 billion. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.05%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $5.47 earnings per share. Research analysts anticipate that The Goldman Sachs Group, Inc. will post 37.14 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 2nd will be given a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 2.03%. The ex-dividend date is Monday, December 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 35.21%.

Insiders Place Their Bets

In other news, insider Brian J. Lee sold 2,000 shares of the stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $530.90, for a total value 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. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.57% of the company’s stock.

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.