The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Hotchkis & Wiley Capital Management LLC

Hotchkis & Wiley Capital Management LLC trimmed its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 59.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 280,327 shares of the investment management company’s stock after selling 413,708 shares during the period. Hotchkis & Wiley Capital Management LLC owned approximately 0.09% of The Goldman Sachs Group worth $138,793,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Mather Group LLC. boosted its position in shares of The Goldman Sachs Group by 48.6% during the 2nd quarter. Mather Group LLC. now owns 1,357 shares of the investment management company’s stock valued at $567,000 after acquiring an additional 444 shares during the last quarter. Lynx Investment Advisory acquired a new position in The Goldman Sachs Group during the second quarter worth $58,000. Park Avenue Securities LLC raised its position in The Goldman Sachs Group by 20.7% in the 2nd quarter. Park Avenue Securities LLC now owns 6,468 shares of the investment management company’s stock valued at $2,926,000 after purchasing an additional 1,110 shares in the last quarter. Valeo Financial Advisors LLC grew its position in shares of The Goldman Sachs Group by 0.3% in the 2nd quarter. Valeo Financial Advisors LLC now owns 28,209 shares of the investment management company’s stock valued at $12,759,000 after buying an additional 92 shares during the last quarter. Finally, Simplicity Wealth LLC lifted its stake in shares of The Goldman Sachs Group by 4.4% in the 2nd quarter. Simplicity Wealth LLC now owns 12,841 shares of the investment management company’s stock worth $5,808,000 after acquiring an additional 538 shares during the period. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Trading Down 1.1 %

GS opened at $601.79 on Tuesday. The firm has a 50 day simple moving average of $540.94 and a 200 day simple moving average of $499.68. 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 Goldman Sachs Group, Inc. has a fifty-two week low of $340.54 and a fifty-two week high of $612.73. The company has a market cap of $188.91 billion, a price-to-earnings ratio of 17.66, a price-to-earnings-growth ratio of 0.88 and a beta of 1.38.

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

The Goldman Sachs Group Dividend Announcement

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 issued 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 1.99%. The Goldman Sachs Group’s payout ratio is presently 35.21%.

Insider Buying and Selling

In related news, EVP John F.W. Rogers sold 6,416 shares of the firm’s stock in a transaction dated 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 approximately $34,358,685.04. This trade represents a 10.02 % decrease in their position. The sale was disclosed in a filing with the SEC, 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 sale, the insider now directly owns 10,095 shares in the company, valued at $5,359,435.50. The trade was a 16.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,390 shares of company stock valued at $6,656,119 over the last three months. 0.57% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Barclays upped their price target on shares of The Goldman Sachs Group from $565.00 to $588.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. JMP Securities boosted their target price on The Goldman Sachs Group from $525.00 to $550.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods upped their price objective on The Goldman Sachs Group from $555.00 to $570.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Citigroup lifted their price objective on The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a research note on Thursday, November 21st. Finally, Evercore ISI boosted their price objective on 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. Seven investment analysts have rated the stock with a hold rating and thirteen have given 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 $550.63.

About The Goldman Sachs Group

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.