Oppenheimer Asset Management Inc. Buys 13,398 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Oppenheimer Asset Management Inc. raised its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 129.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,709 shares of the investment management company’s stock after purchasing an additional 13,398 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in The Goldman Sachs Group were worth $11,739,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kingsview Wealth Management LLC grew its position in The Goldman Sachs Group by 8.9% during the first quarter. Kingsview Wealth Management LLC now owns 4,029 shares of the investment management company’s stock valued at $1,683,000 after acquiring an additional 330 shares during the last quarter. Blair William & Co. IL raised its position in The Goldman Sachs Group by 18.4% in the 1st quarter. Blair William & Co. IL now owns 136,231 shares of the investment management company’s stock worth $56,902,000 after purchasing an additional 21,142 shares during the period. Orion Portfolio Solutions LLC lifted its stake in The Goldman Sachs Group by 3.2% in the first quarter. Orion Portfolio Solutions LLC now owns 11,025 shares of the investment management company’s stock worth $4,605,000 after purchasing an additional 346 shares during the last quarter. Forum Financial Management LP boosted its position in The Goldman Sachs Group by 1.5% during the first quarter. Forum Financial Management LP now owns 3,838 shares of the investment management company’s stock valued at $1,603,000 after buying an additional 55 shares during the period. Finally, Glaxis Capital Management LLC bought a new position in shares of The Goldman Sachs Group during the first quarter valued at about $627,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Insider Activity

In related news, insider Brian J. Lee sold 2,000 shares of The Goldman Sachs Group stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $530.90, for a total value of $1,061,800.00. Following the completion of the sale, the insider now owns 10,095 shares of the company’s stock, 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 legal filing with the SEC, which is available at this link. In related news, CAO Sheara J. Fredman sold 2,974 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total value of $1,768,072.74. Following the transaction, the chief accounting officer now directly owns 8,489 shares of the company’s stock, valued at approximately $5,046,795.39. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction, the insider now owns 10,095 shares in the company, valued at $5,359,435.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,390 shares of company stock valued at $6,656,119 over the last three months. Insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Price Performance

Shares of GS opened at $594.04 on Thursday. The Goldman Sachs Group, Inc. has a fifty-two week low of $332.47 and a fifty-two week high of $607.15. The firm’s 50-day simple moving average is $511.74 and its two-hundred day simple moving average is $485.75. The stock has a market cap of $186.48 billion, a PE ratio of 17.43, a price-to-earnings-growth ratio of 0.86 and a beta of 1.35. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Tuesday, October 15th. The investment management company reported $8.40 EPS for the quarter, topping 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 return on equity of 11.39% and a net margin of 9.89%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company posted $5.47 earnings per share. Analysts anticipate that The Goldman Sachs Group, Inc. will post 37.15 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business 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. This represents a $12.00 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend is Monday, December 2nd. The Goldman Sachs Group’s dividend payout ratio is currently 35.21%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Oppenheimer boosted their target price on The Goldman Sachs Group from $614.00 to $661.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Evercore ISI increased 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. UBS Group raised their target price on shares of The Goldman Sachs Group from $550.00 to $560.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Royal Bank of Canada reiterated a “sector perform” rating and set a $500.00 price target on shares of The Goldman Sachs Group in a report on Tuesday, July 30th. Finally, Wolfe Research upgraded shares of The Goldman Sachs Group to a “hold” rating in a research report on Wednesday, September 18th. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $527.63.

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.