XML Financial LLC Decreases Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

XML Financial LLC trimmed its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 2.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,033 shares of the investment management company’s stock after selling 118 shares during the quarter. XML Financial LLC’s holdings in The Goldman Sachs Group were worth $2,492,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. RKL Wealth Management LLC acquired a new stake in shares of The Goldman Sachs Group in the third quarter valued at about $356,000. Sheets Smith Wealth Management acquired a new stake in The Goldman Sachs Group in the 3rd quarter valued at about $208,000. Atria Investments Inc lifted its stake in The Goldman Sachs Group by 16.6% in the 3rd quarter. Atria Investments Inc now owns 21,469 shares of the investment management company’s stock worth $10,630,000 after purchasing an additional 3,060 shares in the last quarter. Essex Savings Bank boosted its holdings in shares of The Goldman Sachs Group by 20.1% during the 3rd quarter. Essex Savings Bank now owns 1,991 shares of the investment management company’s stock worth $986,000 after purchasing an additional 333 shares during the last quarter. Finally, Field & Main Bank grew its position in shares of The Goldman Sachs Group by 0.7% in the third quarter. Field & Main Bank now owns 4,668 shares of the investment management company’s stock valued at $2,311,000 after purchasing an additional 33 shares in the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on GS. Wells Fargo & Company boosted their price objective on The Goldman Sachs Group from $504.00 to $550.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 16th. UBS Group upped 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 report on Tuesday, October 8th. Wolfe Research upgraded shares of The Goldman Sachs Group to a “hold” rating in a research report on Wednesday, September 18th. Citigroup boosted their target price on shares of The Goldman Sachs Group from $460.00 to $485.00 and gave the company a “neutral” rating in a report on Tuesday, July 16th. Finally, Evercore ISI raised their price target on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, The Goldman Sachs Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $527.63.

Insider Transactions at The Goldman Sachs Group

In related 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 sale, the chief accounting officer now owns 8,489 shares of the company’s stock, valued at $5,046,795.39. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, 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 owns 8,489 shares in the company, valued at approximately $5,046,795.39. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through 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 shares were 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 owns 57,614 shares in the company, valued at approximately $34,358,685.04. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,390 shares of company stock valued at $6,656,119. 0.54% of the stock is currently owned by corporate insiders.

The Goldman Sachs Group Trading Up 1.2 %

Shares of GS stock opened at $589.26 on Friday. The Goldman Sachs Group, Inc. has a fifty-two week low of $319.66 and a fifty-two week high of $598.60. The company has a 50 day moving average price of $507.79 and a 200 day moving average price of $482.47. The stock has a market capitalization of $184.97 billion, a P/E ratio of 17.29, a price-to-earnings-growth ratio of 0.87 and a beta of 1.35. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.72 and a current ratio of 0.67.

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

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 2nd will be paid a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 2.04%. The ex-dividend date is Monday, December 2nd. The Goldman Sachs Group’s payout ratio is presently 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.