Strategy Asset Managers LLC Acquires Shares of 1,355 The Goldman Sachs Group, Inc. (NYSE:GS)

Strategy Asset Managers LLC purchased a new position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,355 shares of the investment management company's stock, valued at approximately $671,000.

Other hedge funds have also recently bought and sold shares of the company. Mizuho Securities USA LLC boosted its holdings in shares of The Goldman Sachs Group by 30,068.9% in the 3rd quarter. Mizuho Securities USA LLC now owns 7,500,000 shares of the investment management company's stock valued at $3,713,325,000 after purchasing an additional 7,475,140 shares during the last quarter. AMF Tjanstepension AB grew its position 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 valued at $366,780,000 after acquiring an additional 743,402 shares during the period. 1832 Asset Management L.P. increased its stake 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 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% in the 2nd 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 during the period. Finally, Swedbank AB acquired a new position in shares of The Goldman Sachs Group in the 1st quarter valued at about $137,134,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP John F.W. Rogers sold 6,416 shares of the firm's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $596.36, for a total value of $3,826,245.76. Following the completion of the sale, the executive vice president now directly owns 57,614 shares in the company, valued at $34,358,685.04. This trade represents a 10.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Brian J. Lee sold 2,000 shares of the stock in a transaction 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 in the company, valued at approximately $5,359,435.50. This represents a 16.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,390 shares of company stock worth $6,656,119 in the last 90 days. Insiders own 0.54% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on GS. JPMorgan Chase & Co. increased their price objective on shares of The Goldman Sachs Group from $472.00 to $520.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 16th. Keefe, Bruyette & Woods boosted their price objective on The Goldman Sachs Group from $555.00 to $570.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 16th. Oppenheimer increased their target price on 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. Wells Fargo & Company boosted their price target on The Goldman Sachs Group from $600.00 to $680.00 and gave the stock an "overweight" rating in a research report on Friday, November 15th. Finally, UBS Group increased their price objective on shares of The Goldman Sachs Group from $550.00 to $560.00 and gave the company a "buy" rating in a research report on Tuesday, October 8th. Five research 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, the company currently has an average rating of "Moderate Buy" and an average target price of $535.75.

The Goldman Sachs Group Trading Up 0.1 %

Shares of GS stock opened at $581.93 on Thursday. The Goldman Sachs Group, Inc. has a 12-month low of $334.55 and a 12-month high of $607.15. The firm has a 50 day moving average price of $524.58 and a two-hundred day moving average price of $491.95. 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 company has a market capitalization of $182.67 billion, a PE ratio of 17.08, a price-to-earnings-growth ratio of 0.84 and a beta of 1.35.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its earnings results on Tuesday, October 15th. The investment management company reported $8.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.89 by $1.51. The company had revenue of $12.70 billion for the quarter, compared to analyst estimates of $11.77 billion. The Goldman Sachs Group had a return on equity of 11.39% and a net margin of 9.89%. The Goldman Sachs Group's quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm posted $5.47 EPS. As a group, analysts predict that The Goldman Sachs Group, Inc. will post 37.15 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

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 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 (DPR) is 35.21%.

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.