Krane Funds Advisors LLC Grows Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Krane Funds Advisors LLC lifted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,177 shares of the investment management company’s stock after buying an additional 20 shares during the quarter. Krane Funds Advisors LLC’s holdings in The Goldman Sachs Group were worth $583,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Northwest Investment Counselors LLC purchased a new stake in The Goldman Sachs Group during the first quarter worth $66,000. CHICAGO TRUST Co NA bought a new stake in The Goldman Sachs Group during the first quarter valued at about $211,000. Mcdonald Partners LLC grew its stake in The Goldman Sachs Group by 11.3% in the first quarter. Mcdonald Partners LLC now owns 3,692 shares of the investment management company’s stock valued at $1,542,000 after purchasing an additional 376 shares during the last quarter. CFM Wealth Partners LLC raised its holdings in The Goldman Sachs Group by 4.5% in the first quarter. CFM Wealth Partners LLC now owns 1,810 shares of the investment management company’s stock worth $756,000 after purchasing an additional 78 shares in the last quarter. Finally, RMR Wealth Builders lifted its position in shares of The Goldman Sachs Group by 18.9% during the first quarter. RMR Wealth Builders now owns 3,069 shares of the investment management company’s stock valued at $1,282,000 after buying an additional 487 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Insider Activity

In other The Goldman Sachs Group news, insider Brian J. Lee sold 2,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now directly owns 10,095 shares of the company’s stock, valued at $5,359,435.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.54% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on GS shares. Morgan Stanley boosted their price objective on shares of The Goldman Sachs Group from $560.00 to $570.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Seaport Res Ptn downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 2nd. JPMorgan Chase & Co. raised their price objective on The Goldman Sachs Group from $472.00 to $520.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Citigroup increased their price target on The Goldman Sachs Group from $460.00 to $485.00 and gave the company a “neutral” rating in a research note on Tuesday, July 16th. Finally, Oppenheimer boosted their price target on The Goldman Sachs Group from $577.00 to $614.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $524.69.

The Goldman Sachs Group Stock Down 0.5 %

GS stock opened at $515.00 on Tuesday. The firm’s fifty day moving average is $498.80 and its 200 day moving average is $470.64. The company has a debt-to-equity ratio of 2.20, a quick ratio of 0.72 and a current ratio of 0.72. The Goldman Sachs Group, Inc. has a one year low of $289.36 and a one year high of $540.51. The firm has a market cap of $166.07 billion, a PE ratio of 20.22, a P/E/G ratio of 0.77 and a beta of 1.36.

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 (EPS) for the quarter, topping the consensus estimate of $6.89 by $1.51. The Goldman Sachs Group had a return on equity of 10.56% and a net margin of 9.36%. The company had revenue of $12.70 billion for the quarter, compared to analysts’ expectations of $11.77 billion. During the same period in the previous year, the firm posted $5.47 EPS. The Goldman Sachs Group’s revenue was up 7.4% compared to the same quarter last year. On average, research analysts forecast that The Goldman Sachs Group, Inc. will post 35.52 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 paid a dividend of $3.00 per share. The ex-dividend date is Monday, December 2nd. This represents a $12.00 annualized dividend and a yield of 2.33%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 46.86%.

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.