New Millennium Group LLC Has $44,000 Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

New Millennium Group LLC cut its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 98.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 89 shares of the investment management company's stock after selling 5,408 shares during the period. New Millennium Group LLC's holdings in The Goldman Sachs Group were worth $44,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mizuho Securities USA LLC raised its holdings in 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 in the last quarter. AMF Tjanstepension AB raised its holdings in The Goldman Sachs Group by 1,102.4% during the second quarter. AMF Tjanstepension AB now owns 810,836 shares of the investment management company's stock worth $366,780,000 after purchasing an additional 743,402 shares in the last quarter. 1832 Asset Management L.P. raised its holdings in The Goldman Sachs Group by 7,932.6% during 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 purchasing an additional 438,754 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in 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 purchasing an additional 356,512 shares in the last quarter. Finally, Swedbank AB bought a new position in shares of The Goldman Sachs Group in the first quarter valued at $137,134,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on GS. Morgan Stanley upped their price target on The Goldman Sachs Group from $560.00 to $570.00 and gave the company an "overweight" rating in a report on Wednesday, October 16th. Royal Bank of Canada reaffirmed 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. Wells Fargo & Company upped their price target on The Goldman Sachs Group from $600.00 to $680.00 and gave the company an "overweight" rating in a report on Friday. Wolfe Research raised The Goldman Sachs Group to a "hold" rating in a report on Wednesday, September 18th. Finally, Barclays upped their price target on The Goldman Sachs Group from $565.00 to $588.00 and gave the company an "overweight" rating in a report on Wednesday, October 16th. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $535.75.

The Goldman Sachs Group Stock Down 1.2 %

Shares of The Goldman Sachs Group stock traded down $6.80 on Tuesday, hitting $581.19. 2,217,503 shares of the company traded hands, compared to its average volume of 2,224,609. The company has a 50-day moving average price of $520.09 and a 200 day moving average price of $490.31. 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 Goldman Sachs Group, Inc. has a 12-month low of $334.55 and a 12-month high of $607.15. The company has a market cap of $182.44 billion, a PE ratio of 17.13, a PEG ratio of 0.86 and a beta of 1.35.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings results on Tuesday, October 15th. The investment management company reported $8.40 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $11.77 billion. During the same period in the previous year, the company posted $5.47 EPS. The Goldman Sachs Group's revenue was up 7.4% on a year-over-year basis. Sell-side analysts predict that The Goldman Sachs Group, Inc. will post 37.15 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared 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 2.06%. The ex-dividend date is Monday, December 2nd. The Goldman Sachs Group's dividend payout ratio is currently 35.21%.

Insider Activity

In related news, insider Brian J. Lee sold 2,000 shares of the company'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 completion of the sale, the insider now directly owns 10,095 shares in the company, valued at approximately $5,359,435.50. This represents a 16.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP John F.W. Rogers sold 6,416 shares of the company's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $596.36, for a total transaction of $3,826,245.76. Following the completion of the sale, the executive vice president now 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. Insiders have sold a total of 11,390 shares of company stock worth $6,656,119 in the last ninety days. Corporate insiders own 0.57% of the company's stock.

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.