The Goldman Sachs Group, Inc. (NYSE:GS) Shares Bought by Asahi Life Asset Management CO. LTD.

Asahi Life Asset Management CO. LTD. boosted its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 6.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,668 shares of the investment management company’s stock after acquiring an additional 673 shares during the quarter. The Goldman Sachs Group comprises 3.2% of Asahi Life Asset Management CO. LTD.’s investment portfolio, making the stock its 6th biggest holding. Asahi Life Asset Management CO. LTD.’s holdings in The Goldman Sachs Group were worth $5,282,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Welch Group LLC lifted its holdings in shares of The Goldman Sachs Group by 4.0% in the 3rd quarter. Welch Group LLC now owns 15,722 shares of the investment management company’s stock valued at $7,784,000 after buying an additional 606 shares during the period. Inscription Capital LLC lifted its holdings in shares of The Goldman Sachs Group by 2.7% in the 3rd quarter. Inscription Capital LLC now owns 8,632 shares of the investment management company’s stock valued at $4,274,000 after buying an additional 228 shares during the period. Smithbridge Asset Management Inc. DE lifted its holdings in shares of The Goldman Sachs Group by 6.5% in the 3rd quarter. Smithbridge Asset Management Inc. DE now owns 8,947 shares of the investment management company’s stock valued at $4,430,000 after buying an additional 543 shares during the period. Leuthold Group LLC lifted its holdings in shares of The Goldman Sachs Group by 12.9% in the 3rd quarter. Leuthold Group LLC now owns 16,871 shares of the investment management company’s stock valued at $8,353,000 after buying an additional 1,925 shares during the period. Finally, FCG Investment Co lifted its holdings in shares of The Goldman Sachs Group by 37.7% in the 3rd quarter. FCG Investment Co now owns 2,078 shares of the investment management company’s stock valued at $1,029,000 after buying an additional 569 shares during the period. 71.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GS has been the subject of several recent analyst reports. Evercore ISI raised their price target on The Goldman Sachs Group from $520.00 to $575.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. lifted their price objective on The Goldman Sachs Group from $472.00 to $520.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Wells Fargo & Company lifted their price objective on The Goldman Sachs Group from $504.00 to $550.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Wolfe Research raised The Goldman Sachs Group to a “hold” rating in a report on Wednesday, September 18th. Finally, Bank of America lifted their price objective on The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $524.69.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Brian J. Lee sold 2,000 shares of the business’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $530.90, for a total transaction of $1,061,800.00. Following the transaction, the insider now owns 10,095 shares in the company, valued at $5,359,435.50. 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 available through this hyperlink. 0.54% of the stock is owned by company insiders.

The Goldman Sachs Group Trading Up 1.4 %

GS stock traded up $7.13 during trading on Monday, reaching $519.73. 487,139 shares of the stock traded hands, compared to its average volume of 2,197,511. The business’s 50 day moving average price is $500.37 and its 200-day moving average price is $473.75. The Goldman Sachs Group, Inc. has a 52-week low of $293.29 and a 52-week high of $540.51. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.11 and a quick ratio of 0.72. The firm has a market capitalization of $164.13 billion, a PE ratio of 15.04, a P/E/G ratio of 0.75 and a beta of 1.36.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Tuesday, October 15th. The investment management company reported $8.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.89 by $1.51. The Goldman Sachs Group had a return on equity of 11.05% and a net margin of 9.89%. The firm had revenue of $12.70 billion during the quarter, compared to the consensus estimate of $11.77 billion. During the same quarter in the previous year, the business earned $5.47 earnings per share. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. As a group, sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 37.14 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently declared 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 2.31%. The ex-dividend date of this dividend is Monday, December 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) 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.