The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC reduced its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 10.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 28,113 shares of the investment management company's stock after selling 3,375 shares during the quarter. Thompson Siegel & Walmsley LLC's holdings in The Goldman Sachs Group were worth $13,919,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Semmax Financial Advisors Inc. bought a new stake in shares of The Goldman Sachs Group in the 2nd quarter worth about $26,000. POM Investment Strategies LLC purchased a new position in The Goldman Sachs Group in the second quarter worth about $26,000. Headlands Technologies LLC bought a new stake in The Goldman Sachs Group during the second quarter worth approximately $27,000. SJS Investment Consulting Inc. raised its position in The Goldman Sachs Group by 103.3% during the second quarter. SJS Investment Consulting Inc. now owns 61 shares of the investment management company's stock valued at $28,000 after purchasing an additional 31 shares during the period. Finally, West Branch Capital LLC bought a new stake in shares of The Goldman Sachs Group in the 3rd quarter valued at approximately $30,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Brian J. Lee sold 2,000 shares of the company's stock in a transaction dated 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 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP John F.W. Rogers sold 6,416 shares of The Goldman Sachs Group stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $596.36, for a total transaction of $3,826,245.76. Following the completion of the sale, the executive vice president now owns 57,614 shares of the company's stock, valued at $34,358,685.04. This trade represents a 10.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,390 shares of company stock worth $6,656,119. Insiders own 0.54% of the company's stock.

The Goldman Sachs Group Stock Up 2.6 %

Shares of NYSE GS traded up $15.08 during mid-day trading on Thursday, reaching $597.01. 1,664,321 shares of the company were exchanged, compared to its average volume of 2,221,787. The firm has a 50-day moving average of $524.58 and a 200 day moving average of $491.95. The Goldman Sachs Group, Inc. has a 1 year low of $334.87 and a 1 year high of $607.15. 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 stock has a market cap of $187.41 billion, a price-to-earnings ratio of 17.55, a P/E/G ratio of 0.84 and a beta of 1.35.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released 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 for the quarter, compared to analysts' expectations of $11.77 billion. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.39%. The company's revenue was up 7.4% compared to the same quarter last year. During the same period last year, the business earned $5.47 EPS. On average, research analysts expect 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 declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 2nd will be given a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date is Monday, December 2nd. The Goldman Sachs Group's payout ratio is presently 35.21%.

Analysts Set New Price Targets

Several research firms have recently weighed in on GS. 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 report on Tuesday, October 8th. Royal Bank of Canada reissued a "sector perform" rating and issued a $500.00 target price on shares of The Goldman Sachs Group in a research note on Tuesday, July 30th. Barclays lifted 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. Keefe, Bruyette & Woods increased their price objective on shares of The Goldman Sachs Group from $555.00 to $570.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. Finally, Bank of America boosted their target price on The Goldman Sachs Group from $563.00 to $575.00 and gave the company a "buy" rating in a research report on Wednesday, October 16th. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, The Goldman Sachs Group presently has a consensus rating of "Moderate Buy" and an average price target of $542.00.

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.