Handelsbanken Fonder AB Buys 2,227 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Handelsbanken Fonder AB grew its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 2.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 112,337 shares of the investment management company's stock after acquiring an additional 2,227 shares during the quarter. Handelsbanken Fonder AB's holdings in The Goldman Sachs Group were worth $55,619,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of GS. Waldron Private Wealth LLC grew its holdings in shares of The Goldman Sachs Group by 0.8% during the 2nd quarter. Waldron Private Wealth LLC now owns 2,399 shares of the investment management company's stock valued at $1,085,000 after purchasing an additional 20 shares during the last quarter. Fulton Bank N.A. boosted its holdings in The Goldman Sachs Group by 0.8% in the second quarter. Fulton Bank N.A. now owns 2,727 shares of the investment management company's stock worth $1,233,000 after acquiring an additional 22 shares in the last quarter. Nicholas Hoffman & Company LLC. grew its position in The Goldman Sachs Group by 1.1% in the 2nd quarter. Nicholas Hoffman & Company LLC. now owns 1,975 shares of the investment management company's stock valued at $893,000 after purchasing an additional 22 shares during the period. Jacobi Capital Management LLC increased its position in shares of The Goldman Sachs Group by 1.5% during the first quarter. Jacobi Capital Management LLC now owns 1,564 shares of the investment management company's stock worth $653,000 after acquiring an additional 23 shares in the last quarter. Finally, Mayflower Financial Advisors LLC increased its holdings in The Goldman Sachs Group by 1.2% during the 2nd quarter. Mayflower Financial Advisors LLC now owns 2,019 shares of the investment management company's stock worth $913,000 after purchasing an additional 23 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Barclays lifted their target price on shares of The Goldman Sachs Group from $493.00 to $565.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 16th. Royal Bank of Canada restated a "sector perform" rating and set a $500.00 target price on shares of The Goldman Sachs Group in a research report on Tuesday, July 30th. Wolfe Research upgraded shares of The Goldman Sachs Group to a "hold" rating in a research report on Wednesday, September 18th. BMO Capital Markets lifted their price target on shares of The Goldman Sachs Group from $360.00 to $373.00 and gave the stock a "market perform" rating in a research note on Wednesday, July 17th. Finally, UBS Group increased their target price on The Goldman Sachs Group from $490.00 to $535.00 and gave the company a "buy" rating in a report on Tuesday, July 9th. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, The Goldman Sachs Group currently has an average rating of "Moderate Buy" and a consensus target price of $497.56.

Insider Transactions at The Goldman Sachs Group

In related news, Director Thomas K. Montag sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $505.04, for a total value of $5,050,400.00. Following the completion of the transaction, the director now directly owns 12,450 shares of the company's stock, valued at $6,287,748. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Brian J. Lee sold 3,500 shares of the firm's stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $505.99, for a total transaction of $1,770,965.00. Following the sale, the insider now directly owns 12,095 shares in the company, valued at approximately $6,119,949.05. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Thomas K. Montag sold 10,000 shares of the firm's stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $505.04, for a total transaction of $5,050,400.00. Following the sale, the director now directly owns 12,450 shares of the company's stock, valued at approximately $6,287,748. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.54% of the company's stock.

The Goldman Sachs Group Trading Up 1.9 %

Shares of NYSE GS traded up $9.06 during trading on Friday, hitting $495.16. 1,721,821 shares of the company were exchanged, compared to its average volume of 2,224,820. The company has a debt-to-equity ratio of 2.20, a quick ratio of 0.72 and a current ratio of 0.72. The company has a fifty day moving average price of $492.29 and a 200-day moving average price of $462.14. The Goldman Sachs Group, Inc. has a 12-month low of $289.36 and a 12-month high of $517.26. The firm has a market capitalization of $159.67 billion, a PE ratio of 19.33, a P/E/G ratio of 0.78 and a beta of 1.36.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings data on Monday, July 15th. The investment management company reported $8.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.52 by $0.10. The firm had revenue of $12.73 billion for the quarter, compared to the consensus estimate of $12.60 billion. The Goldman Sachs Group had a return on equity of 10.56% and a net margin of 9.36%. As a group, equities research analysts expect that The Goldman Sachs Group, Inc. will post 35.43 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 30th were paid a $3.00 dividend. The ex-dividend date was Friday, August 30th. This is a positive change from The Goldman Sachs Group's previous quarterly dividend of $2.75. This represents a $12.00 dividend on an annualized basis and a yield of 2.42%. The Goldman Sachs Group's payout ratio is currently 46.86%.

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.

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