B. Metzler seel. Sohn & Co. Holding AG Makes New Investment in The Goldman Sachs Group, Inc. (NYSE:GS)

B. Metzler seel. Sohn & Co. Holding AG 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 Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 35,426 shares of the investment management company's stock, valued at approximately $17,540,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Acadian Asset Management LLC raised its position in shares of The Goldman Sachs Group by 407.2% during the first 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 during the period. Bessemer Group Inc. raised its position in shares of The Goldman Sachs Group by 56.1% during the first quarter. Bessemer Group Inc. now owns 21,780 shares of the investment management company's stock worth $9,097,000 after purchasing an additional 7,826 shares during the period. Lake Street Advisors Group LLC raised its position in shares of The Goldman Sachs Group by 80.0% during the first quarter. Lake Street Advisors Group LLC now owns 3,293 shares of the investment management company's stock worth $1,375,000 after purchasing an additional 1,464 shares during the period. Oxford Financial Group LTD. LLC raised its position in shares of The Goldman Sachs Group by 4.3% during the first quarter. Oxford Financial Group LTD. LLC now owns 609 shares of the investment management company's stock worth $254,000 after purchasing an additional 25 shares during the period. Finally, Pitcairn Co. raised its position in shares of The Goldman Sachs Group by 4.5% during the first quarter. Pitcairn Co. now owns 3,354 shares of the investment management company's stock worth $1,401,000 after purchasing an additional 143 shares during the period. Institutional investors and hedge funds own 71.21% of the company's stock.

The Goldman Sachs Group Trading Down 1.2 %

The Goldman Sachs Group stock traded down $6.80 during trading hours on Tuesday, hitting $581.19. The stock had a trading volume of 2,217,503 shares, compared to its average volume of 2,224,609. The stock has a market cap of $182.44 billion, a price-to-earnings ratio of 17.13, a P/E/G ratio of 0.86 and a beta of 1.35. 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 one year low of $334.55 and a one year high of $607.15. The business's 50 day simple moving average is $520.09 and its 200-day simple moving average is $490.31.

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 earnings per share for the quarter, topping 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 11.39%. The Goldman Sachs Group's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company posted $5.47 earnings per share. On average, equities analysts predict that The Goldman Sachs Group, Inc. will post 37.15 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

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

Insider Activity at The Goldman Sachs Group

In related news, EVP John F.W. Rogers sold 6,416 shares of the business's stock in a transaction 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 transaction, the executive vice president now owns 57,614 shares in the company, valued at $34,358,685.04. The trade was a 10.02 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian J. Lee sold 2,000 shares of the business's 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 owns 10,095 shares in the company, valued at $5,359,435.50. The trade was a 16.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,390 shares of company stock worth $6,656,119 in the last 90 days. Corporate insiders own 0.57% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. UBS Group raised their price target on The Goldman Sachs Group from $550.00 to $560.00 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. Royal Bank of Canada reissued a "sector perform" rating and issued a $500.00 target price on shares of The Goldman Sachs Group in a research report on Tuesday, July 30th. JMP Securities lifted 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. Oppenheimer lifted their target price on The Goldman Sachs Group from $614.00 to $661.00 and gave the company an "outperform" rating in a research report on Tuesday, November 5th. Finally, Keefe, Bruyette & Woods lifted their target price 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. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $535.75.

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.