Icon Wealth Advisors LLC Has $7.49 Million Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Icon Wealth Advisors LLC grew its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 4,160.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,123 shares of the investment management company's stock after buying an additional 14,768 shares during the quarter. Icon Wealth Advisors LLC's holdings in The Goldman Sachs Group were worth $7,488,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in GS. Mizuho Securities USA LLC boosted its holdings in shares of The Goldman Sachs Group by 30,068.9% during the third quarter. Mizuho Securities USA LLC now owns 7,500,000 shares of the investment management company's stock worth $3,713,325,000 after purchasing an additional 7,475,140 shares during the period. AMF Tjanstepension AB grew its holdings in shares of The Goldman Sachs Group by 1,102.4% during the 2nd quarter. AMF Tjanstepension AB now owns 810,836 shares of the investment management company's stock valued at $366,780,000 after acquiring an additional 743,402 shares in the last quarter. 1832 Asset Management L.P. increased its stake in shares of The Goldman Sachs Group by 7,932.6% in the second quarter. 1832 Asset Management L.P. now owns 444,285 shares of the investment management company's stock worth $200,959,000 after acquiring an additional 438,754 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of The Goldman Sachs Group by 878.8% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 397,082 shares of the investment management company's stock worth $179,608,000 after acquiring an additional 356,512 shares in the last quarter. Finally, Swedbank AB acquired a new stake in The Goldman Sachs Group during the first quarter valued at $137,134,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Bank of America raised their price target on The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. Oppenheimer lifted their target price on shares of The Goldman Sachs Group from $614.00 to $661.00 and gave the company an "outperform" rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. increased their price target on shares of The Goldman Sachs Group from $472.00 to $520.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 16th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $500.00 price objective on shares of The Goldman Sachs Group in a research note on Tuesday, July 30th. Finally, Keefe, Bruyette & Woods increased their target price on shares of The Goldman Sachs Group from $555.00 to $570.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $542.00.

Insider Transactions at The Goldman Sachs Group

In related news, insider Brian J. Lee sold 2,000 shares of the company's stock in a transaction dated 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 sale, the insider now owns 10,095 shares of the company's stock, 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 legal filing with the SEC, which is available through this hyperlink. Also, CAO Sheara J. Fredman sold 2,974 shares of The Goldman Sachs Group stock in a transaction that occurred on Wednesday, November 6th. The shares were 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 directly 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 11,390 shares of company stock valued at $6,656,119. 0.54% of the stock is owned by corporate insiders.

The Goldman Sachs Group Stock Performance

GS stock traded up $6.64 on Friday, reaching $602.75. 1,733,736 shares of the company were exchanged, compared to its average volume of 2,219,638. 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 12 month low of $334.87 and a 12 month high of $607.15. The stock's fifty day moving average price is $527.04 and its 200 day moving average price is $492.68. The firm has a market capitalization of $189.21 billion, a PE ratio of 17.70, a PEG ratio of 0.84 and a beta of 1.35.

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 EPS for the quarter, beating analysts' consensus estimates of $6.89 by $1.51. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.39%. The business had revenue of $12.70 billion during the quarter, compared to analyst estimates of $11.77 billion. During the same quarter in the prior year, the business earned $5.47 earnings per share. The firm's revenue for the quarter was up 7.4% on a year-over-year basis. On average, research analysts anticipate that The Goldman Sachs Group, Inc. will post 37.15 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

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 issued a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Monday, December 2nd. The Goldman Sachs Group's payout ratio 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.