The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Valley National Advisers Inc.

Valley National Advisers Inc. reduced its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 23.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 897 shares of the investment management company’s stock after selling 268 shares during the period. Valley National Advisers Inc.’s holdings in The Goldman Sachs Group were worth $443,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. POM Investment Strategies LLC bought a new position in The Goldman Sachs Group during the 2nd quarter worth $26,000. Semmax Financial Advisors Inc. acquired a new position in shares of The Goldman Sachs Group during the second quarter valued at $26,000. Headlands Technologies LLC bought a new position in shares of The Goldman Sachs Group during the second quarter worth about $27,000. SJS Investment Consulting Inc. increased its holdings in shares of The Goldman Sachs Group by 103.3% in the 2nd quarter. SJS Investment Consulting Inc. now owns 61 shares of the investment management company’s stock worth $28,000 after acquiring an additional 31 shares during the period. Finally, Quest Partners LLC lifted its position in The Goldman Sachs Group by 6,300.0% in the 2nd quarter. Quest Partners LLC now owns 64 shares of the investment management company’s stock valued at $29,000 after purchasing an additional 63 shares during the last quarter. 71.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on GS. Wells Fargo & Company raised their price target on shares of The Goldman Sachs Group from $504.00 to $550.00 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. Seaport Res Ptn downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 2nd. Oppenheimer increased their price target on The Goldman Sachs Group from $577.00 to $614.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Citigroup raised their price target on The Goldman Sachs Group from $460.00 to $485.00 and gave the company a “neutral” rating in a report on Tuesday, July 16th. Finally, Morgan Stanley upped their price objective on shares of The Goldman Sachs Group from $560.00 to $570.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, The Goldman Sachs Group has an average rating of “Moderate Buy” and an average price target of $524.69.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Brian J. Lee sold 2,000 shares of the company’s 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 completion of the sale, the insider now directly owns 10,095 shares of the company’s stock, valued at approximately $5,359,435.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.54% of the stock is currently owned by corporate insiders.

The Goldman Sachs Group Stock Down 2.3 %

NYSE GS opened at $512.60 on Monday. The Goldman Sachs Group, Inc. has a 12 month low of $289.36 and a 12 month high of $540.51. The company has a market capitalization of $161.88 billion, a P/E ratio of 15.04, a PEG ratio of 0.75 and a beta of 1.36. The company’s 50 day simple moving average is $500.37 and its 200 day simple moving average is $473.75. 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 results 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 company had revenue of $12.70 billion for the quarter, compared to analysts’ expectations of $11.77 billion. The Goldman Sachs Group had a return on equity of 11.05% and a net margin of 9.89%. The firm’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.47 earnings per share. Equities research analysts expect that The Goldman Sachs Group, Inc. will post 37.14 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. Stockholders of record on Monday, December 2nd will be issued a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend is Monday, December 2nd. The Goldman Sachs Group’s dividend payout ratio is 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.