Empowered Funds LLC Purchases 9,980 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Empowered Funds LLC raised its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 125.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,957 shares of the investment management company’s stock after acquiring an additional 9,980 shares during the period. Empowered Funds LLC’s holdings in The Goldman Sachs Group were worth $8,891,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Empirical Finance LLC grew its holdings in shares of The Goldman Sachs Group by 2.0% during the 3rd quarter. Empirical Finance LLC now owns 11,397 shares of the investment management company’s stock valued at $5,643,000 after purchasing an additional 222 shares during the last quarter. CIBC Asset Management Inc grew its stake in shares of The Goldman Sachs Group by 5.0% during the third quarter. CIBC Asset Management Inc now owns 56,480 shares of the investment management company’s stock valued at $27,964,000 after buying an additional 2,698 shares during the last quarter. Balboa Wealth Partners increased its holdings in shares of The Goldman Sachs Group by 22.0% in the third quarter. Balboa Wealth Partners now owns 1,624 shares of the investment management company’s stock worth $804,000 after buying an additional 293 shares during the period. OneDigital Investment Advisors LLC lifted its stake in shares of The Goldman Sachs Group by 10.4% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 7,248 shares of the investment management company’s stock valued at $3,589,000 after acquiring an additional 683 shares during the last quarter. Finally, Omnia Family Wealth LLC purchased a new stake in The Goldman Sachs Group during the 3rd quarter valued at about $219,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Stock Performance

Shares of GS stock opened at $593.51 on Friday. The company’s fifty day moving average price is $518.10 and its 200-day moving average price is $488.35. The stock has a market cap of $186.31 billion, a PE ratio of 17.42, a price-to-earnings-growth ratio of 0.86 and a beta of 1.35. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The Goldman Sachs Group, Inc. has a 12 month low of $334.55 and a 12 month high of $607.15.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Tuesday, October 15th. The investment management company reported $8.40 EPS 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 business had revenue of $12.70 billion for the quarter, compared to analyst estimates of $11.77 billion. During the same quarter in the previous year, the firm posted $5.47 earnings per share. The Goldman Sachs Group’s quarterly revenue was up 7.4% on a year-over-year basis. On average, equities analysts expect 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. Investors 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 2.02%. The ex-dividend date of this dividend is Monday, December 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 35.21%.

Insider Buying and Selling at The Goldman Sachs Group

In related news, EVP John F.W. Rogers sold 6,416 shares of The Goldman Sachs Group stock in a transaction dated 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 in the company, valued at approximately $34,358,685.04. This trade represents a 10.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Sheara J. Fredman sold 2,974 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 $594.51, for a total transaction of $1,768,072.74. Following the completion of the sale, the chief accounting officer now owns 8,489 shares of the company’s stock, valued at $5,046,795.39. This represents a 25.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,390 shares of company stock worth $6,656,119. 0.54% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on GS. Wells Fargo & Company boosted their price objective on The Goldman Sachs Group from $600.00 to $680.00 and gave the company an “overweight” rating in a research report on Friday. UBS Group increased their price target on shares of 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. Morgan Stanley boosted their price objective on shares of The Goldman Sachs Group from $560.00 to $570.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Wolfe Research upgraded shares of The Goldman Sachs Group to a “hold” rating in a report on Wednesday, September 18th. Finally, Keefe, Bruyette & Woods boosted their price target 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. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $535.75.

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.