Intellectus Partners LLC Has $4.57 Million Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Intellectus Partners LLC lessened its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 0.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,231 shares of the investment management company’s stock after selling 31 shares during the quarter. The Goldman Sachs Group accounts for approximately 1.2% of Intellectus Partners LLC’s holdings, making the stock its 15th largest holding. Intellectus Partners LLC’s holdings in The Goldman Sachs Group were worth $4,570,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Balboa Wealth Partners boosted its stake in The Goldman Sachs Group by 22.0% in the 3rd quarter. Balboa Wealth Partners now owns 1,624 shares of the investment management company’s stock worth $804,000 after purchasing an additional 293 shares during the period. OneDigital Investment Advisors LLC lifted its holdings in shares of The Goldman Sachs Group by 10.4% in the third quarter. OneDigital Investment Advisors LLC now owns 7,248 shares of the investment management company’s stock valued at $3,589,000 after purchasing an additional 683 shares in the last quarter. Omnia Family Wealth LLC acquired a new position in shares of The Goldman Sachs Group during the third quarter worth about $219,000. Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of The Goldman Sachs Group by 5.2% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 9,049 shares of the investment management company’s stock worth $4,480,000 after buying an additional 449 shares in the last quarter. Finally, Schulhoff & Co. Inc. raised its position in The Goldman Sachs Group by 9.9% in the 3rd quarter. Schulhoff & Co. Inc. now owns 2,504 shares of the investment management company’s stock valued at $1,240,000 after buying an additional 226 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other The Goldman Sachs Group news, insider Brian J. Lee sold 2,000 shares of the stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $530.90, for a total transaction of $1,061,800.00. Following the sale, the insider now directly owns 10,095 shares in the company, valued at $5,359,435.50. This represents a 16.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP John F.W. Rogers sold 6,416 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $596.36, for a total transaction of $3,826,245.76. Following the completion of the transaction, the executive vice president now owns 57,614 shares of the company’s stock, valued at $34,358,685.04. The trade was a 10.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,390 shares of company stock worth $6,656,119 in the last 90 days. Company insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Stock Performance

GS opened at $588.46 on Friday. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The business has a fifty day simple moving average of $513.80 and a 200 day simple moving average of $486.51. The Goldman Sachs Group, Inc. has a 1 year low of $334.55 and a 1 year high of $607.15. The company has a market capitalization of $184.72 billion, a PE ratio of 17.27, a price-to-earnings-growth ratio of 0.86 and a beta of 1.35.

The Goldman Sachs Group (NYSE:GS) last announced its 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 net margin of 9.89% and a return on equity of 11.39%. The company had revenue of $12.70 billion during the quarter, compared to analysts’ expectations of $11.77 billion. During the same quarter in the previous year, the business posted $5.47 earnings per share. The Goldman Sachs Group’s quarterly revenue was up 7.4% on a year-over-year basis. Research analysts expect that The Goldman Sachs Group, Inc. will post 37.15 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 2nd will be paid a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 2.04%. The ex-dividend date is Monday, December 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 35.21%.

Wall Street Analysts Forecast Growth

GS has been the subject of a number of recent research reports. Keefe, Bruyette & Woods upped their price target on The Goldman Sachs Group from $555.00 to $570.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. UBS Group increased 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. Morgan Stanley lifted their price target on shares of The Goldman Sachs Group from $560.00 to $570.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Evercore ISI boosted their price target on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Finally, JMP Securities raised their price objective on The Goldman Sachs Group from $525.00 to $550.00 and gave the company a “market outperform” rating in a report on Wednesday, October 9th. 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 company currently has an average rating of “Moderate Buy” and an average 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.