The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Jennison Associates LLC

Jennison Associates LLC lowered its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 1.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,793,079 shares of the investment management company's stock after selling 33,631 shares during the quarter. Jennison Associates LLC owned 0.57% of The Goldman Sachs Group worth $887,772,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Waldron Private Wealth LLC boosted its stake in The Goldman Sachs Group by 0.8% during the 2nd quarter. Waldron Private Wealth LLC now owns 2,399 shares of the investment management company's stock valued at $1,085,000 after purchasing an additional 20 shares during the last quarter. First Pacific Financial boosted its position in shares of The Goldman Sachs Group by 0.6% during the third quarter. First Pacific Financial now owns 3,167 shares of the investment management company's stock valued at $1,568,000 after buying an additional 20 shares during the last quarter. Krane Funds Advisors LLC increased its holdings in The Goldman Sachs Group by 1.7% in the 3rd quarter. Krane Funds Advisors LLC now owns 1,177 shares of the investment management company's stock worth $583,000 after buying an additional 20 shares in the last quarter. Tanager Wealth Management LLP raised its position in The Goldman Sachs Group by 3.6% in the 3rd quarter. Tanager Wealth Management LLP now owns 569 shares of the investment management company's stock worth $282,000 after buying an additional 20 shares during the last quarter. Finally, M3 Advisory Group LLC boosted its holdings in shares of The Goldman Sachs Group by 3.9% during the 3rd quarter. M3 Advisory Group LLC now owns 564 shares of the investment management company's stock valued at $279,000 after acquiring an additional 21 shares during the last quarter. Institutional investors own 71.21% of the company's stock.

Insider Buying and Selling

In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 2,974 shares of the firm's 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 completion of the sale, the chief accounting officer now directly owns 8,489 shares in the company, valued at $5,046,795.39. This trade represents a 25.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John F.W. Rogers sold 6,416 shares of the firm's stock in a transaction on 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 of the company's stock, valued at $34,358,685.04. The trade was a 10.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,390 shares of company stock valued at $6,656,119 over the last 90 days. Corporate insiders own 0.57% of the company's stock.

The Goldman Sachs Group Trading Up 0.1 %

GS stock traded up $0.78 during mid-day trading on Wednesday, reaching $582.16. 1,053,492 shares of the stock traded hands, compared to its average volume of 2,219,407. The business has a 50-day moving average price of $522.37 and a two-hundred day moving average price of $491.32. The stock has a market capitalization of $182.75 billion, a PE ratio of 17.03, a PEG ratio of 0.86 and a beta of 1.35. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The Goldman Sachs Group, Inc. has a one year low of $334.55 and a one year high of $607.15.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings results on Tuesday, October 15th. The investment management company reported $8.40 EPS for the quarter, topping analysts' consensus estimates of $6.89 by $1.51. The firm 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 business's revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the business posted $5.47 earnings per share. Equities research analysts expect that The Goldman Sachs Group, Inc. will post 37.15 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

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 given 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 is Monday, December 2nd. The Goldman Sachs Group's dividend payout ratio (DPR) is 35.21%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on GS. Oppenheimer boosted their price target 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. Bank of America upped their target price on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. Evercore ISI upped their price objective on The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 16th. UBS Group lifted 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. Finally, Royal Bank of Canada restated a "sector perform" rating and issued a $500.00 price target on shares of The Goldman Sachs Group in a research report on Tuesday, July 30th. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $535.75.

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.