Braun Stacey Associates Inc. Purchases 5,600 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Braun Stacey Associates Inc. lifted its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 434.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,889 shares of the investment management company's stock after purchasing an additional 5,600 shares during the period. Braun Stacey Associates Inc.'s holdings in The Goldman Sachs Group were worth $3,411,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of GS. POM Investment Strategies LLC bought a new stake in shares of The Goldman Sachs Group in the 2nd quarter valued at $26,000. Semmax Financial Advisors Inc. bought a new stake in shares of The Goldman Sachs Group during the 2nd quarter worth approximately $26,000. Headlands Technologies LLC bought a new stake in The Goldman Sachs Group during the second quarter worth $27,000. SJS Investment Consulting Inc. grew its position in shares of 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 period. Finally, Quest Partners LLC increased its stake in shares of The Goldman Sachs Group by 6,300.0% during 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 during the last quarter. Institutional investors own 71.21% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on GS. Oppenheimer lifted their price target on The Goldman Sachs Group from $614.00 to $661.00 and gave the stock an "outperform" rating in a report on Tuesday, November 5th. Wolfe Research upgraded The Goldman Sachs Group to a "hold" rating in a research note on Wednesday, September 18th. JPMorgan Chase & Co. upped their price objective on shares of The Goldman Sachs Group from $472.00 to $520.00 and gave the company an "overweight" rating in a report on Wednesday, October 16th. Evercore ISI lifted their target price on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an "outperform" rating in a report on Wednesday, October 16th. Finally, UBS Group increased their price target on shares of The Goldman Sachs Group from $550.00 to $560.00 and gave the company a "buy" rating in a report on Tuesday, October 8th. Five investment 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.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $535.75.

Insider Transactions at The Goldman Sachs Group

In related news, 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 value 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Sheara J. Fredman sold 2,974 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total value of $1,768,072.74. Following the sale, the chief accounting officer now owns 8,489 shares of the company's stock, valued at approximately $5,046,795.39. The trade was a 25.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have 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 Price Performance

GS stock traded down $7.53 during midday trading on Monday, reaching $586.01. The company had a trading volume of 1,106,048 shares, compared to its average volume of 2,220,883. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The Goldman Sachs Group, Inc. has a 1-year low of $334.55 and a 1-year high of $607.15. The company has a market capitalization of $183.95 billion, a price-to-earnings ratio of 17.29, a price-to-earnings-growth ratio of 0.86 and a beta of 1.35. The stock has a 50 day moving average price of $518.10 and a 200-day moving average price of $489.21.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its earnings results on Tuesday, October 15th. The investment management company reported $8.40 EPS for the quarter, topping the consensus estimate of $6.89 by $1.51. The firm had revenue of $12.70 billion during the quarter, compared to the consensus estimate of $11.77 billion. The Goldman Sachs Group had a return on equity of 11.39% and a net margin of 9.89%. The business's quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.47 earnings per share. Equities research 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 disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 2nd will be issued a $3.00 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $12.00 dividend on an annualized basis and a yield of 2.05%. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 35.21%.

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.