Highview Capital Management LLC DE Acquires 135 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Highview Capital Management LLC DE boosted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 3.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,646 shares of the investment management company’s stock after acquiring an additional 135 shares during the quarter. Highview Capital Management LLC DE’s holdings in The Goldman Sachs Group were worth $1,805,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Legal & General Group Plc boosted its holdings in The Goldman Sachs Group by 2.9% during the second quarter. Legal & General Group Plc now owns 2,780,338 shares of the investment management company’s stock worth $1,257,602,000 after purchasing an additional 77,700 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in The Goldman Sachs Group by 3.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,117,311 shares of the investment management company’s stock valued at $957,684,000 after buying an additional 68,141 shares during the last quarter. Jennison Associates LLC lifted its position in shares of The Goldman Sachs Group by 18.0% during the 1st quarter. Jennison Associates LLC now owns 1,801,395 shares of the investment management company’s stock worth $752,425,000 after buying an additional 274,509 shares in the last quarter. Capital Wealth Planning LLC boosted its stake in shares of The Goldman Sachs Group by 0.3% in the 1st quarter. Capital Wealth Planning LLC now owns 1,193,401 shares of the investment management company’s stock worth $498,472,000 after buying an additional 3,396 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its position in shares of The Goldman Sachs Group by 34.8% during the second quarter. Canada Pension Plan Investment Board now owns 843,646 shares of the investment management company’s stock valued at $381,598,000 after acquiring an additional 217,954 shares during the last quarter. 71.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on GS. Oppenheimer upped their price objective on The Goldman Sachs Group from $577.00 to $614.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Bank of America boosted their target price on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. BMO Capital Markets raised their price target on shares of The Goldman Sachs Group from $360.00 to $373.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 17th. Evercore ISI upped their price objective on The Goldman Sachs Group from $520.00 to $575.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Finally, JMP Securities boosted their target price on The Goldman Sachs Group from $525.00 to $550.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 9th. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $524.69.

Insider Activity

In related news, insider Brian J. Lee sold 2,000 shares of the 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 completion of the sale, the insider now directly owns 10,095 shares in the company, valued at $5,359,435.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.57% of the company’s stock.

The Goldman Sachs Group Trading Up 0.2 %

Shares of GS opened at $524.50 on Wednesday. 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 Goldman Sachs Group, Inc. has a 1-year low of $293.29 and a 1-year high of $540.51. The company has a market capitalization of $165.64 billion, a P/E ratio of 15.39, a P/E/G ratio of 0.75 and a beta of 1.36. The firm’s 50 day simple moving average is $501.30 and its 200 day simple moving average is $475.59.

The Goldman Sachs Group (NYSE:GS) last released its earnings results 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 company had revenue of $12.70 billion during the quarter, compared to the consensus estimate of $11.77 billion. The Goldman Sachs Group had a return on equity of 11.05% and a net margin of 9.89%. The Goldman Sachs Group’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.47 EPS. Sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 37.14 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm 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. The ex-dividend date is Monday, December 2nd. This represents a $12.00 annualized dividend and a yield of 2.29%. The Goldman Sachs Group’s payout ratio is 35.21%.

The Goldman Sachs Group 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.