Campbell Capital Management Inc. Sells 5,406 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Campbell Capital Management Inc. trimmed its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 50.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,377 shares of the investment management company's stock after selling 5,406 shares during the quarter. The Goldman Sachs Group accounts for approximately 1.1% of Campbell Capital Management Inc.'s portfolio, making the stock its 25th largest holding. Campbell Capital Management Inc.'s holdings in The Goldman Sachs Group were worth $2,662,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of GS. POM Investment Strategies LLC bought a new stake in The Goldman Sachs Group during the second quarter worth $26,000. Semmax Financial Advisors Inc. bought a new stake in shares of The Goldman Sachs Group during the 2nd quarter worth $26,000. Headlands Technologies LLC purchased a new stake in The Goldman Sachs Group during the second quarter worth about $27,000. SJS Investment Consulting Inc. boosted its stake 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 acquiring an additional 31 shares during the last quarter. Finally, Quest Partners LLC increased its stake in shares of The Goldman Sachs Group by 6,300.0% during the 2nd quarter. Quest Partners LLC now owns 64 shares of the investment management company's stock worth $29,000 after purchasing an additional 63 shares during the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Price Performance

NYSE:GS traded up $1.56 during trading hours on Friday, hitting $519.35. 1,625,284 shares of the company's stock traded hands, compared to its average volume of 1,881,303. The firm has a market cap of $164.01 billion, a P/E ratio of 15.24, a P/E/G ratio of 0.75 and a beta of 1.35. The company has a quick ratio of 0.72, a current ratio of 1.11 and a debt-to-equity ratio of 2.07. The business's fifty day simple moving average is $502.45 and its two-hundred day simple moving average is $478.13. The Goldman Sachs Group, Inc. has a 52 week low of $308.00 and a 52 week high of $540.51.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $12.70 billion during the quarter, compared to analyst estimates of $11.77 billion. The Goldman Sachs Group had a return on equity of 11.05% and a net margin of 9.89%. The Goldman Sachs Group's revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.47 earnings per share. On average, research analysts anticipate that The Goldman Sachs Group, Inc. will post 37.14 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 2nd will be given a $3.00 dividend. The ex-dividend date is Monday, December 2nd. This represents a $12.00 annualized dividend and a yield of 2.31%. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 35.21%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on GS shares. JPMorgan Chase & Co. increased their price objective on The Goldman Sachs Group from $472.00 to $520.00 and gave the company an "overweight" rating in a report on Wednesday, October 16th. BMO Capital Markets increased their price target on 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. Morgan Stanley boosted their price objective on 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. Barclays increased their target price on shares of The Goldman Sachs Group from $565.00 to $588.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 16th. Finally, Wells Fargo & Company boosted their price target on shares of The Goldman Sachs Group from $504.00 to $550.00 and gave the company an "overweight" rating in a research report on Tuesday, July 16th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $524.69.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Brian J. Lee sold 2,000 shares of The Goldman Sachs Group stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $530.90, for a total transaction of $1,061,800.00. Following the transaction, the insider now directly owns 10,095 shares of the company's stock, valued at approximately $5,359,435.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.54% of the stock is owned by insiders.

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.