The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Cadence Bank

Cadence Bank decreased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 4.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,415 shares of the investment management company’s stock after selling 72 shares during the period. Cadence Bank’s holdings in The Goldman Sachs Group were worth $701,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Transamerica Financial Advisors Inc. boosted its position in The Goldman Sachs Group by 1,020,400.0% in the 3rd quarter. Transamerica Financial Advisors Inc. now owns 10,205 shares of the investment management company’s stock valued at $5,053,000 after buying an additional 10,204 shares during the period. Avestar Capital LLC raised its stake in shares of The Goldman Sachs Group by 8.8% in the third quarter. Avestar Capital LLC now owns 1,824 shares of the investment management company’s stock valued at $903,000 after acquiring an additional 148 shares in the last quarter. Brooklyn Investment Group raised its stake in shares of The Goldman Sachs Group by 4.8% in the third quarter. Brooklyn Investment Group now owns 1,765 shares of the investment management company’s stock valued at $874,000 after acquiring an additional 81 shares in the last quarter. Quantbot Technologies LP purchased a new position in The Goldman Sachs Group in the third quarter valued at $206,000. Finally, D.A. Davidson & CO. grew its stake in The Goldman Sachs Group by 5.2% during the 3rd quarter. D.A. Davidson & CO. now owns 38,586 shares of the investment management company’s stock worth $19,105,000 after purchasing an additional 1,921 shares in the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

The Goldman Sachs Group Trading Down 0.0 %

GS opened at $605.42 on Thursday. 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 Goldman Sachs Group, Inc. has a 52 week low of $334.87 and a 52 week high of $612.25. The business’s 50 day moving average is $536.69 and its two-hundred day moving average is $497.33. The firm has a market cap of $190.05 billion, a price-to-earnings ratio of 17.76, a price-to-earnings-growth ratio of 0.88 and a beta of 1.35.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Tuesday, October 15th. The investment management company reported $8.40 EPS for the quarter, beating analysts’ consensus estimates of $6.89 by $1.51. The business had revenue of $12.70 billion for 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 11.39%. The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $5.47 EPS. On average, research analysts predict that The Goldman Sachs Group, Inc. will post 37.15 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently announced 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. The ex-dividend date is Monday, December 2nd. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.98%. The Goldman Sachs Group’s payout ratio is 35.21%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on GS. JPMorgan Chase & Co. increased their price target on The Goldman Sachs Group from $472.00 to $520.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. JMP Securities raised their target price on shares of The Goldman Sachs Group from $525.00 to $550.00 and gave the company a “market outperform” rating in a report on Wednesday, October 9th. Wells Fargo & Company lifted their price target on shares of The Goldman Sachs Group from $600.00 to $680.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. UBS Group increased their price objective 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. Finally, Oppenheimer raised their price objective on shares of The Goldman Sachs Group from $614.00 to $661.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, The Goldman Sachs Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $550.63.

Insider Transactions at The Goldman Sachs Group

In related news, CAO Sheara J. Fredman sold 2,974 shares of The Goldman Sachs Group stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $594.51, for a total value of $1,768,072.74. Following the transaction, the chief accounting officer now directly owns 8,489 shares in the company, valued at $5,046,795.39. This trade represents a 25.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Brian J. Lee sold 2,000 shares of the company’s stock in a transaction 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 transaction, the insider now owns 10,095 shares of the company’s stock, valued at approximately $5,359,435.50. The trade was 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. Company insiders own 0.54% 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.