Daiwa Securities Group Inc. Acquires 4,677 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Daiwa Securities Group Inc. lifted its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 4.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 117,629 shares of the investment management company's stock after purchasing an additional 4,677 shares during the quarter. Daiwa Securities Group Inc.'s holdings in The Goldman Sachs Group were worth $58,239,000 at the end of the most recent reporting period.

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

Insider Transactions at The Goldman Sachs Group

In other news, CAO Sheara J. Fredman sold 2,974 shares of the business'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 in the company, valued at $5,046,795.39. The trade was a 25.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Brian J. Lee sold 2,000 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $5,359,435.50. This trade represents a 16.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,390 shares of company stock worth $6,656,119 in the last ninety days. Insiders own 0.54% of the company's stock.

The Goldman Sachs Group Stock Up 1.1 %

Shares of NYSE:GS traded up $6.67 during midday trading on Friday, reaching $602.78. The company had a trading volume of 1,733,996 shares, compared to its average volume of 2,358,164. The Goldman Sachs Group, Inc. has a 1-year low of $334.87 and a 1-year high of $607.15. The stock has a market cap of $189.22 billion, a PE ratio of 17.69, a P/E/G ratio of 0.87 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 business's 50 day moving average price is $529.52 and its 200 day moving average price is $494.13.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings data on Tuesday, October 15th. The investment management company reported $8.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $12.70 billion for the quarter, compared to analysts' expectations of $11.77 billion. During the same quarter in the prior year, the business posted $5.47 EPS. The business's revenue was up 7.4% compared to the same quarter last year. Research analysts forecast that The Goldman Sachs Group, Inc. will post 37.15 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company 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 $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend is Monday, December 2nd. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 35.21%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on GS. Bank of America raised their price target on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. JMP Securities boosted their target price on The Goldman Sachs Group from $525.00 to $550.00 and gave the stock a "market outperform" rating in a research report on Wednesday, October 9th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $500.00 price target on shares of The Goldman Sachs Group in a report on Tuesday, July 30th. Wolfe Research raised The Goldman Sachs Group to a "hold" rating in a report on Wednesday, September 18th. Finally, Wells Fargo & Company raised their target price on shares of The Goldman Sachs Group from $600.00 to $680.00 and gave the company an "overweight" rating in a research note on Friday, November 15th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $542.00.

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.