Fifth Third Wealth Advisors LLC Buys 3,893 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Fifth Third Wealth Advisors LLC increased its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 39.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,706 shares of the investment management company's stock after buying an additional 3,893 shares during the quarter. Fifth Third Wealth Advisors LLC's holdings in The Goldman Sachs Group were worth $6,786,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. POM Investment Strategies LLC bought a new position in The Goldman Sachs Group during the 2nd quarter valued at $26,000. Semmax Financial Advisors Inc. acquired a new stake in shares of The Goldman Sachs Group during the 2nd quarter valued at $26,000. Headlands Technologies LLC acquired a new stake in shares of The Goldman Sachs Group during the 2nd quarter valued at $27,000. SJS Investment Consulting Inc. lifted its position in shares of The Goldman Sachs Group by 103.3% during the 2nd 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 lifted its position 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 valued at $29,000 after acquiring an additional 63 shares during the last quarter. 71.21% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP John F.W. Rogers sold 6,416 shares of the business's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $596.36, for a total value of $3,826,245.76. Following the completion of the transaction, the executive vice president now owns 57,614 shares of the company's stock, valued at $34,358,685.04. The trade was a 10.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Sheara J. Fredman sold 2,974 shares of the business's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $594.51, for a total transaction of $1,768,072.74. Following the completion of the transaction, the chief accounting officer now directly owns 8,489 shares of the company's stock, valued at $5,046,795.39. This trade represents a 25.94 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,390 shares of company stock valued at $6,656,119. Company insiders own 0.57% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on GS shares. Keefe, Bruyette & Woods increased their target price on The Goldman Sachs Group from $555.00 to $570.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th. Wolfe Research upgraded The Goldman Sachs Group to a "hold" rating in a report on Wednesday, September 18th. Evercore ISI increased their price objective on The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an "outperform" rating in a report on Wednesday, October 16th. Wells Fargo & Company increased their price objective on The Goldman Sachs Group from $600.00 to $680.00 and gave the stock an "overweight" rating in a report on Friday. Finally, UBS Group increased their price objective on The Goldman Sachs Group from $550.00 to $560.00 and gave the stock a "buy" rating in a 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $535.75.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS traded down $5.39 during trading on Tuesday, reaching $582.60. The stock had a trading volume of 1,039,787 shares, compared to its average volume of 2,219,354. The Goldman Sachs Group, Inc. has a 52 week low of $334.55 and a 52 week high of $607.15. The business's 50-day moving average price is $520.09 and its 200 day moving average price is $490.31. 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 stock has a market capitalization of $182.88 billion, a PE ratio of 17.13, a P/E/G ratio of 0.86 and a beta of 1.35.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings results on Tuesday, October 15th. The investment management company reported $8.40 earnings per share for the quarter, beating analysts' consensus estimates of $6.89 by $1.51. The business had revenue of $12.70 billion during the quarter, compared to analyst estimates of $11.77 billion. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.39%. The Goldman Sachs Group's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter last year, the business posted $5.47 earnings per share. As a group, equities 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 firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 2nd will be issued a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend is Monday, December 2nd. The Goldman Sachs Group's dividend payout ratio is presently 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.