The Goldman Sachs Group, Inc. (NYSE:GS) Holdings Decreased by Independent Advisor Alliance

Independent Advisor Alliance decreased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 8.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,478 shares of the investment management company’s stock after selling 487 shares during the quarter. Independent Advisor Alliance’s holdings in The Goldman Sachs Group were worth $2,712,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Acadian Asset Management LLC boosted its position in The Goldman Sachs Group by 407.2% during the first quarter. Acadian Asset Management LLC now owns 421 shares of the investment management company’s stock valued at $175,000 after purchasing an additional 338 shares during the last quarter. Silvercrest Asset Management Group LLC boosted its position in The Goldman Sachs Group by 0.5% during the first quarter. Silvercrest Asset Management Group LLC now owns 21,375 shares of the investment management company’s stock valued at $8,928,000 after purchasing an additional 109 shares during the last quarter. Janus Henderson Group PLC boosted its position in The Goldman Sachs Group by 1.8% during the first quarter. Janus Henderson Group PLC now owns 57,734 shares of the investment management company’s stock valued at $24,114,000 after purchasing an additional 1,002 shares during the last quarter. Dynasty Wealth Management LLC acquired a new stake in The Goldman Sachs Group during the first quarter valued at $1,064,000. Finally, SkyView Investment Advisors LLC boosted its position in The Goldman Sachs Group by 2.6% during the first quarter. SkyView Investment Advisors LLC now owns 2,980 shares of the investment management company’s stock valued at $1,245,000 after purchasing an additional 75 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. UBS Group lifted their price objective on The Goldman Sachs Group from $550.00 to $560.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Keefe, Bruyette & Woods boosted 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. Morgan Stanley boosted their price target on The Goldman Sachs Group from $560.00 to $570.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $500.00 price target on shares of The Goldman Sachs Group in a research report on Tuesday, July 30th. Finally, Bank of America boosted their price target on The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $542.00.

Insider Activity

In related news, EVP John F.W. Rogers sold 6,416 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $596.36, for a total transaction of $3,826,245.76. Following the sale, the executive vice president now directly owns 57,614 shares in the company, valued at $34,358,685.04. This represents a 10.02 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian J. Lee sold 2,000 shares of the stock in a transaction that occurred 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 sale, the insider now owns 10,095 shares in the company, valued at approximately $5,359,435.50. This trade represents a 16.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,390 shares of company stock worth $6,656,119. Company insiders own 0.57% of the company’s stock.

The Goldman Sachs Group Trading Up 0.0 %

Shares of GS opened at $603.03 on Tuesday. The Goldman Sachs Group, Inc. has a 12-month low of $334.87 and a 12-month high of $611.30. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The firm has a market capitalization of $189.30 billion, a price-to-earnings ratio of 17.69, a P/E/G ratio of 0.88 and a beta of 1.35. The stock’s 50-day moving average price is $531.87 and its 200 day moving average price is $495.51.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Tuesday, October 15th. The investment management company reported $8.40 earnings per share for the quarter, beating the consensus estimate of $6.89 by $1.51. The Goldman Sachs Group had a return on equity of 11.39% and a net margin of 9.89%. The company had revenue of $12.70 billion for the quarter, compared to analyst estimates of $11.77 billion. During the same period in the prior year, the company posted $5.47 EPS. The company’s revenue was up 7.4% compared to the same quarter last year. As a group, research analysts predict that The Goldman Sachs Group, Inc. will post 37.15 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 2nd will be paid a $3.00 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $12.00 annualized dividend and a dividend yield of 1.99%. The Goldman Sachs Group’s dividend payout ratio 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.