Royal London Asset Management Ltd. Has $109.35 Million Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Royal London Asset Management Ltd. grew its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 2.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 220,855 shares of the investment management company’s stock after buying an additional 4,980 shares during the period. Royal London Asset Management Ltd.’s holdings in The Goldman Sachs Group were worth $109,348,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. POM Investment Strategies LLC acquired a new stake in shares of The Goldman Sachs Group in the second quarter valued at about $26,000. Semmax Financial Advisors Inc. acquired a new stake in shares of The Goldman Sachs Group in the second quarter valued at about $26,000. Headlands Technologies LLC acquired a new stake in shares of The Goldman Sachs Group in the second quarter valued at about $27,000. SJS Investment Consulting Inc. increased its stake in shares of The Goldman Sachs Group by 103.3% in the second quarter. SJS Investment Consulting Inc. now owns 61 shares of the investment management company’s stock valued at $28,000 after buying an additional 31 shares during the period. Finally, Quest Partners LLC increased its stake in shares of The Goldman Sachs Group by 6,300.0% in the second quarter. Quest Partners LLC now owns 64 shares of the investment management company’s stock valued at $29,000 after buying an additional 63 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

Analyst Ratings Changes

GS has been the subject of several recent analyst reports. Bank of America raised their target price on The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Wells Fargo & Company raised their price objective on The Goldman Sachs Group from $600.00 to $680.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Hsbc Global Res cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Wolfe Research raised The Goldman Sachs Group to a “hold” rating in a research note on Wednesday, September 18th. Finally, HSBC lowered The Goldman Sachs Group from a “buy” rating to a “hold” rating and raised their target price for the company from $569.00 to $608.00 in a report on Tuesday, November 26th. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and a consensus target price of $557.88.

Insider Buying and Selling at The Goldman Sachs Group

In other news, Director David A. Viniar sold 5,000 shares of The Goldman Sachs Group stock in a transaction on Friday, November 29th. The stock was sold at an average price of $612.08, for a total value of $3,060,400.00. Following the completion of the transaction, the director now directly owns 608,425 shares in the company, valued at approximately $372,404,774. The trade was a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian J. Lee sold 2,000 shares of The Goldman Sachs Group stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $530.90, for a total value of $1,061,800.00. Following the completion of the transaction, the insider now owns 10,095 shares of the company’s stock, valued at approximately $5,359,435.50. This trade represents a 16.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,940 shares of company stock worth $13,717,979 over the last ninety days. 0.54% of the stock is currently owned by company insiders.

The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock opened at $598.69 on Thursday. The business’s fifty day simple moving average is $547.25 and its 200 day simple moving average is $502.27. The firm has a market capitalization of $187.93 billion, a P/E ratio of 17.57, a price-to-earnings-growth ratio of 0.87 and a beta of 1.38. The Goldman Sachs Group, Inc. has a 12 month low of $340.54 and a 12 month high of $612.73. 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 (NYSE:GS) last issued its earnings results on Tuesday, October 15th. The investment management company reported $8.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.89 by $1.51. The firm 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 business’s revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $5.47 earnings per share. As a group, analysts anticipate that The Goldman Sachs Group, Inc. will post 37.15 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders 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 annualized dividend and a dividend yield of 2.00%. 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.