HM Payson & Co. Sells 77 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

HM Payson & Co. lowered its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 20.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 297 shares of the investment management company’s stock after selling 77 shares during the period. HM Payson & Co.’s holdings in The Goldman Sachs Group were worth $147,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. POM Investment Strategies LLC acquired a new stake in The Goldman Sachs Group in the second quarter worth about $26,000. Semmax Financial Advisors Inc. acquired a new stake in The Goldman Sachs Group in the 2nd quarter worth approximately $26,000. Headlands Technologies LLC purchased a new stake in The Goldman Sachs Group during the 2nd quarter worth approximately $27,000. SJS Investment Consulting Inc. increased its stake in The Goldman Sachs Group by 103.3% during the 2nd quarter. SJS Investment Consulting Inc. now owns 61 shares of the investment management company’s stock valued at $28,000 after purchasing an additional 31 shares in the last quarter. Finally, Quest Partners LLC raised its holdings 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 worth $29,000 after buying an additional 63 shares during the last quarter. Institutional investors own 71.21% of the company’s stock.

Insider Buying and Selling at The Goldman Sachs Group

In related news, insider Brian J. Lee sold 2,000 shares of the business’s stock in a transaction that occurred on 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 approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on GS. Wolfe Research raised The Goldman Sachs Group to a “hold” rating in a research report on Wednesday, September 18th. Bank of America increased their price objective on The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Morgan Stanley lifted their target price on The Goldman Sachs Group from $560.00 to $570.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Wells Fargo & Company increased their price target on shares of The Goldman Sachs Group from $504.00 to $550.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of The Goldman Sachs Group from $555.00 to $570.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Five investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, The Goldman Sachs Group presently has an average rating of “Moderate Buy” and a consensus price target of $524.69.

The Goldman Sachs Group Trading Up 0.3 %

Shares of GS stock opened at $519.35 on Friday. The stock has a 50 day simple moving average of $502.45 and a 200-day simple moving average of $477.05. The Goldman Sachs Group, Inc. has a 1-year low of $308.00 and a 1-year high of $540.51. The company has a market cap of $164.01 billion, a price-to-earnings ratio of 15.24, a PEG ratio of 0.76 and a beta of 1.36. 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 (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, beating the consensus estimate of $6.89 by $1.51. The business had revenue of $12.70 billion for the quarter, compared to the consensus estimate of $11.77 billion. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.05%. The company’s revenue was up 7.4% compared to the same quarter last year. During the same period last year, the firm posted $5.47 earnings per share. On average, equities research analysts expect that The Goldman Sachs Group, Inc. will post 37.14 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed 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 2.31%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 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.