2,401 Shares in The Goldman Sachs Group, Inc. (NYSE:GS) Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd bought a new stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,401 shares of the investment management company's stock, valued at approximately $1,189,000.

Several other institutional investors have also modified their holdings of the stock. POM Investment Strategies LLC acquired a new stake in The Goldman Sachs Group during the 2nd quarter worth $26,000. Semmax Financial Advisors Inc. purchased a new stake in The Goldman Sachs Group during the 2nd quarter valued at about $26,000. Headlands Technologies LLC purchased a new stake in The Goldman Sachs Group during the 2nd quarter valued at about $27,000. SJS Investment Consulting Inc. raised its holdings in The Goldman Sachs Group by 103.3% in the 2nd quarter. SJS Investment Consulting Inc. now owns 61 shares of the investment management company's stock valued at $28,000 after acquiring an additional 31 shares during the last quarter. Finally, Quest Partners LLC lifted its stake in The Goldman Sachs Group by 6,300.0% in the 2nd quarter. Quest Partners LLC now owns 64 shares of the investment management company's stock worth $29,000 after purchasing an additional 63 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company's stock.

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 that occurred on 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 sale, the executive vice president now directly owns 57,614 shares in the company, valued at approximately $34,358,685.04. This represents a 10.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Sheara J. Fredman sold 2,974 shares of The Goldman Sachs Group stock in a transaction that occurred on 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 transaction, the chief accounting officer now owns 8,489 shares of the company's stock, valued at $5,046,795.39. This represents a 25.94 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,390 shares of company stock valued at $6,656,119. 0.57% of the stock is currently owned by company insiders.

The Goldman Sachs Group Price Performance

GS opened at $605.22 on Wednesday. The stock's 50-day moving average price is $534.27 and its 200 day moving average price is $496.57. The Goldman Sachs Group, Inc. has a 12-month low of $334.87 and a 12-month high of $611.30. The firm has a market cap of $189.98 billion, a price-to-earnings ratio of 17.76, a PEG ratio of 0.88 and a beta of 1.35. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings data on Tuesday, October 15th. The investment management company reported $8.40 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $11.77 billion. During the same quarter last year, the firm posted $5.47 earnings per share. The business's revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, sell-side analysts expect that The Goldman Sachs Group, Inc. will post 37.15 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 2nd will be paid a $3.00 dividend. The ex-dividend date is Monday, December 2nd. This represents a $12.00 annualized dividend and a dividend yield of 1.98%. The Goldman Sachs Group's dividend payout ratio (DPR) is 35.21%.

Analyst Ratings Changes

A number of research firms have recently issued reports on GS. Keefe, Bruyette & Woods upped their price target on The Goldman Sachs Group from $555.00 to $570.00 and gave the company an "outperform" rating in a research report on Wednesday, October 16th. Citigroup upped their target price on The Goldman Sachs Group from $485.00 to $585.00 and gave the company a "neutral" rating in a report on Thursday, November 21st. Morgan Stanley lifted their price target on The Goldman Sachs Group from $560.00 to $570.00 and gave the stock an "overweight" rating in a report on Wednesday, October 16th. JMP Securities upped their price objective 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. Finally, HSBC cut shares of The Goldman Sachs Group from a "buy" rating to a "hold" rating and raised their price objective for the stock from $569.00 to $608.00 in a research report on Tuesday. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, The Goldman Sachs Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $550.63.

About The Goldman Sachs Group

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.