Aurora Investment Counsel Sells 2,327 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Aurora Investment Counsel lowered its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 51.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,165 shares of the investment management company's stock after selling 2,327 shares during the period. Aurora Investment Counsel's holdings in The Goldman Sachs Group were worth $1,072,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in GS. Acadian Asset Management LLC raised its stake in shares of 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 purchasing an additional 338 shares in the last quarter. Shell Asset Management Co. acquired a new position in shares of The Goldman Sachs Group during the 1st quarter worth approximately $377,000. EntryPoint Capital LLC acquired a new position in shares of The Goldman Sachs Group during the 1st quarter worth approximately $101,000. CreativeOne Wealth LLC increased its holdings in shares of The Goldman Sachs Group by 15.2% during the 1st quarter. CreativeOne Wealth LLC now owns 3,873 shares of the investment management company's stock worth $1,618,000 after acquiring an additional 510 shares during the last quarter. Finally, Axxcess Wealth Management LLC increased its holdings in shares of The Goldman Sachs Group by 25.5% during the 1st quarter. Axxcess Wealth Management LLC now owns 12,013 shares of the investment management company's stock worth $5,018,000 after acquiring an additional 2,442 shares during the last quarter. Institutional investors own 71.21% of the company's stock.

Insider Transactions at The Goldman Sachs Group

In related news, CAO Sheara J. Fredman sold 2,974 shares of the firm's 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 sale, the chief accounting officer now owns 8,489 shares of the company's stock, valued at $5,046,795.39. This trade represents a 25.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP John F.W. Rogers sold 6,416 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $596.36, for a total value of $3,826,245.76. Following the sale, the executive vice president now directly owns 57,614 shares of the company's stock, valued at $34,358,685.04. This represents a 10.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,390 shares of company stock worth $6,656,119 over the last ninety days. 0.54% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on GS shares. Barclays boosted their target price on The Goldman Sachs Group from $565.00 to $588.00 and gave the stock an "overweight" rating in a report on Wednesday, October 16th. Oppenheimer upped their price objective on The Goldman Sachs Group from $614.00 to $661.00 and gave the company an "outperform" rating in a report on Tuesday, November 5th. Evercore ISI increased their target price on The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an "outperform" rating in a report on Wednesday, October 16th. Wolfe Research raised The Goldman Sachs Group to a "hold" rating in a report on Wednesday, September 18th. Finally, UBS Group increased their target price on The Goldman Sachs Group from $550.00 to $560.00 and gave the stock a "buy" rating in a report on Tuesday, October 8th. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, The Goldman Sachs Group currently has an average rating of "Moderate Buy" and a consensus target price of $535.75.

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock opened at $581.93 on Thursday. 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 company has a market capitalization of $182.67 billion, a PE ratio of 17.08, a P/E/G ratio of 0.84 and a beta of 1.35. The Goldman Sachs Group, Inc. has a 12 month low of $334.55 and a 12 month high of $607.15. The stock has a 50-day moving average price of $524.58 and a two-hundred day moving average price of $491.95.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its earnings results 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 return on equity of 11.39% and a net margin of 9.89%. The firm had revenue of $12.70 billion during the quarter, compared to the consensus estimate of $11.77 billion. During the same period last year, the company earned $5.47 earnings per share. The business's quarterly revenue was up 7.4% on a year-over-year basis. Analysts expect that The Goldman Sachs Group, Inc. will post 37.15 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 2nd will be given a dividend of $3.00 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.06%. The Goldman Sachs Group's dividend payout ratio (DPR) is 35.21%.

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.

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