The Goldman Sachs Group, Inc. (NYSE:GS) Shares Bought by Quest Partners LLC

Quest Partners LLC boosted its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 4,682.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,061 shares of the investment management company's stock after purchasing an additional 2,997 shares during the period. Quest Partners LLC's holdings in The Goldman Sachs Group were worth $1,516,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Mizuho Securities USA LLC grew its holdings in shares of The Goldman Sachs Group by 30,068.9% in the third 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 in the last quarter. Legal & General Group Plc grew its stake in shares of The Goldman Sachs Group by 2.9% in the 2nd quarter. Legal & General Group Plc now owns 2,780,338 shares of the investment management company's stock valued at $1,257,602,000 after buying an additional 77,700 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in The Goldman Sachs Group by 3.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,117,311 shares of the investment management company's stock worth $957,684,000 after acquiring an additional 68,141 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in The Goldman Sachs Group by 0.4% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 998,136 shares of the investment management company's stock worth $494,187,000 after buying an additional 4,007 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its position in shares of The Goldman Sachs Group by 34.8% during the 2nd quarter. Canada Pension Plan Investment Board now owns 843,646 shares of the investment management company's stock worth $381,598,000 after purchasing an additional 217,954 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company's stock.

Insider Activity at The Goldman Sachs Group

In other news, insider Brian J. Lee sold 2,000 shares of the company's 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 sale, the insider now owns 10,095 shares in the company, valued at $5,359,435.50. This represents a 16.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Sheara J. Fredman sold 2,974 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $594.51, for a total value of $1,768,072.74. Following the sale, the chief accounting officer now owns 8,489 shares of the company's stock, valued at approximately $5,046,795.39. The trade was a 25.94 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,390 shares of company stock worth $6,656,119. Company insiders own 0.57% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on GS shares. UBS Group boosted their target price on The Goldman Sachs Group from $550.00 to $560.00 and gave the company a "buy" rating in a research note on Tuesday, October 8th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $500.00 price objective on shares of The Goldman Sachs Group in a report on Tuesday, July 30th. Wells Fargo & Company raised their price objective on shares of 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. Barclays increased their price target on shares of The Goldman Sachs Group from $565.00 to $588.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 16th. Finally, Wolfe Research upgraded shares of The Goldman Sachs Group to a "hold" rating in a research report on Wednesday, September 18th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $535.75.

The Goldman Sachs Group Stock Performance

Shares of NYSE:GS traded up $0.55 during trading on Wednesday, hitting $581.93. 1,528,622 shares of the company traded hands, compared to its average volume of 2,221,519. The Goldman Sachs Group, Inc. has a one year low of $334.55 and a one year high of $607.15. The business's fifty day moving average is $522.37 and its 200-day moving average is $491.32. The stock has a market capitalization of $182.67 billion, a price-to-earnings ratio of 17.03, a PEG ratio of 0.86 and a beta of 1.35. 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 (NYSE:GS - Get Free Report) last posted its quarterly earnings data on Tuesday, October 15th. The investment management company reported $8.40 earnings per share for the quarter, topping 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 firm had revenue of $12.70 billion during the quarter, compared to analysts' expectations of $11.77 billion. During the same quarter 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. As a group, equities analysts predict that The Goldman Sachs Group, Inc. will post 37.15 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 2nd will be paid a $3.00 dividend. The ex-dividend date is Monday, December 2nd. This represents a $12.00 dividend on an annualized basis and a yield of 2.06%. The Goldman Sachs Group's dividend payout ratio is currently 35.21%.

About The Goldman Sachs Group

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.