Caprock Group LLC Has $13.80 Million Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Caprock Group LLC raised its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 52.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,864 shares of the investment management company's stock after purchasing an additional 9,645 shares during the quarter. The Goldman Sachs Group comprises about 0.5% of Caprock Group LLC's investment portfolio, making the stock its 29th biggest position. Caprock Group LLC's holdings in The Goldman Sachs Group were worth $13,796,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of GS. Semmax Financial Advisors Inc. acquired a new position in The Goldman Sachs Group in the 2nd quarter worth $26,000. POM Investment Strategies LLC purchased a new position in The Goldman Sachs Group in the second quarter valued at about $26,000. Headlands Technologies LLC acquired a new stake in The Goldman Sachs Group during the 2nd quarter valued at approximately $27,000. SJS Investment Consulting Inc. increased its holdings in The Goldman Sachs Group by 103.3% during the 2nd quarter. SJS Investment Consulting Inc. now owns 61 shares of the investment management company's stock worth $28,000 after purchasing an additional 31 shares during the last quarter. Finally, West Branch Capital LLC acquired a new position in shares of The Goldman Sachs Group in the 3rd quarter valued at approximately $30,000. Institutional investors and hedge funds own 71.21% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Wolfe Research raised shares of The Goldman Sachs Group to a "hold" rating in a research report on Wednesday, September 18th. Oppenheimer boosted their target price on shares of The Goldman Sachs Group from $614.00 to $661.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 5th. UBS Group increased their price target on shares of 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. Barclays lifted their price target on The Goldman Sachs Group from $565.00 to $588.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 16th. Finally, Wells Fargo & Company upped their price objective on The Goldman Sachs Group from $600.00 to $680.00 and gave the company an "overweight" rating in a research note on Friday. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of "Moderate Buy" and an average target price of $535.75.

Insider Buying and Selling at The Goldman Sachs Group

In related news, insider Brian J. Lee sold 2,000 shares of The Goldman Sachs Group stock in a transaction dated Thursday, October 17th. The stock was 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 of the company's stock, valued at approximately $5,359,435.50. This trade represents a 16.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John F.W. Rogers sold 6,416 shares of the company's stock in a transaction dated 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 of the company's stock, valued at $34,358,685.04. This represents a 10.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 11,390 shares of company stock valued at $6,656,119. 0.57% of the stock is owned by insiders.

The Goldman Sachs Group Price Performance

GS traded down $6.80 on Tuesday, reaching $581.19. The company had a trading volume of 2,217,503 shares, compared to its average volume of 2,224,609. The company has a market capitalization of $182.44 billion, a P/E ratio of 17.05, a PEG ratio of 0.86 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 company has a fifty day moving average of $522.37 and a 200-day moving average of $491.32. The Goldman Sachs Group, Inc. has a one year low of $334.55 and a one year high of $607.15.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced 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 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 for the quarter, compared to analysts' expectations of $11.77 billion. During the same quarter in the previous year, the company earned $5.47 earnings per share. The firm's quarterly revenue was up 7.4% compared to the same quarter last year. As a group, equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 37.15 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

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

The Goldman Sachs Group 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.