DE Burlo Group Inc. Invests $17.77 Million in The Goldman Sachs Group, Inc. (NYSE:GS)

DE Burlo Group Inc. acquired a new stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 35,900 shares of the investment management company's stock, valued at approximately $17,774,000. The Goldman Sachs Group accounts for about 2.2% of DE Burlo Group Inc.'s holdings, making the stock its 19th biggest position.

Several other institutional investors and hedge funds have also modified their holdings of GS. Semmax Financial Advisors Inc. acquired a new position in The Goldman Sachs Group in the second quarter valued at approximately $26,000. POM Investment Strategies LLC purchased a new position in The Goldman Sachs Group in the second quarter valued at $26,000. Headlands Technologies LLC purchased a new position in The Goldman Sachs Group in the second quarter valued at $27,000. SJS Investment Consulting Inc. increased its holdings in 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 valued at $28,000 after buying an additional 31 shares during the last quarter. Finally, West Branch Capital LLC acquired a new position in The Goldman Sachs Group in the third quarter valued at $30,000. Institutional investors and hedge funds own 71.21% of the company's stock.

The Goldman Sachs Group Stock Performance

NYSE GS traded up $15.08 on Thursday, hitting $597.01. 1,664,321 shares of the stock were exchanged, compared to its average volume of 2,221,787. The Goldman Sachs Group, Inc. has a 52 week low of $334.87 and a 52 week high of $607.15. The company has a market capitalization of $187.41 billion, a PE ratio of 17.55, a P/E/G ratio of 0.84 and a beta of 1.35. The business's fifty day moving average is $524.58 and its 200 day moving average is $491.95. 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 (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 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 quarter in the previous year, the firm earned $5.47 earnings per share. The business's quarterly revenue was up 7.4% on a year-over-year basis. Research analysts anticipate 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. Investors 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 yield of 2.01%. The ex-dividend date is Monday, December 2nd. The Goldman Sachs Group's dividend payout ratio is currently 35.21%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on GS shares. Wolfe Research raised The Goldman Sachs Group to a "hold" rating in a report on Wednesday, September 18th. Bank of America lifted their price objective on The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a "buy" rating in a research report on Wednesday, October 16th. Evercore ISI boosted their price target on The Goldman Sachs Group from $520.00 to $575.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th. 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. Finally, Morgan Stanley boosted their price objective on shares of The Goldman Sachs Group from $560.00 to $570.00 and gave the company an "overweight" rating in a research note on Wednesday, October 16th. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $542.00.

Insider Activity

In related news, CAO Sheara J. Fredman sold 2,974 shares of The Goldman Sachs Group 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 sale, the chief accounting officer now owns 8,489 shares of the company's stock, valued at approximately $5,046,795.39. This trade represents a 25.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian J. Lee sold 2,000 shares of The Goldman Sachs Group 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 completion of 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 disclosure for this sale can be found here. Insiders have sold a total of 11,390 shares of company stock worth $6,656,119 over the last ninety days. Company insiders own 0.54% of the company's stock.

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.