King Wealth Management Group LLC trimmed its position in Goldman Sachs Group Inc (NYSE:GS) by 6.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,369 shares of the investment management company’s stock after selling 239 shares during the period. King Wealth Management Group LLC’s holdings in Goldman Sachs Group were worth $799,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GS. Northwest Quadrant Wealth Management LLC acquired a new stake in Goldman Sachs Group during the 2nd quarter worth about $407,000. Sumitomo Mitsui Financial Group Inc. acquired a new stake in Goldman Sachs Group during the 2nd quarter worth about $101,000. Sterling Investment Advisors Ltd. grew its position in Goldman Sachs Group by 35.7% during the 2nd quarter. Sterling Investment Advisors Ltd. now owns 475 shares of the investment management company’s stock worth $105,000 after purchasing an additional 125 shares during the period. Shine Investment Advisory Services Inc. acquired a new stake in Goldman Sachs Group during the 2nd quarter worth about $111,000. Finally, Gs Investments Inc. acquired a new stake in Goldman Sachs Group during the 2nd quarter worth about $111,000. 73.35% of the stock is currently owned by hedge funds and other institutional investors.

GS has been the topic of several analyst reports. Credit Suisse Group downgraded Goldman Sachs Group from an “outperform” rating to a “neutral” rating and increased their price target for the stock from $240.00 to $255.00 in a research report on Monday, October 9th. They noted that the move was a valuation call. Royal Bank Of Canada reaffirmed a “hold” rating and set a $240.00 price target on shares of Goldman Sachs Group in a research report on Thursday, August 31st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $240.00 price target on shares of Goldman Sachs Group in a research report on Thursday, October 19th. BMO Capital Markets increased their price target on Goldman Sachs Group from $202.00 to $217.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 18th. Finally, Zacks Investment Research lowered shares of Goldman Sachs Group from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Goldman Sachs Group presently has a consensus rating of “Hold” and a consensus target price of $246.10.

In related news, VP Gregory K. Palm sold 4,620 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $238.99, for a total value of $1,104,133.80. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Vice Chairman Richard J. Gnodde sold 4,951 shares of the firm’s stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $239.95, for a total transaction of $1,187,992.45. The disclosure for this sale can be found here. Insiders sold a total of 135,177 shares of company stock worth $32,435,160 over the last ninety days. 2.57% of the stock is currently owned by corporate insiders.

Shares of Goldman Sachs Group Inc (NYSE GS) traded up $1.79 during trading on Monday, reaching $250.35. 1,959,000 shares of the company were exchanged, compared to its average volume of 3,278,763. The stock has a market cap of $94,432.40, a price-to-earnings ratio of 13.04, a PEG ratio of 1.27 and a beta of 1.47. Goldman Sachs Group Inc has a 1 year low of $209.62 and a 1 year high of $255.15. The company has a debt-to-equity ratio of 2.82, a current ratio of 0.90 and a quick ratio of 0.90.

Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Tuesday, October 17th. The investment management company reported $5.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of $4.17 by $0.85. The firm had revenue of $8.33 billion for the quarter, compared to analyst estimates of $7.59 billion. Goldman Sachs Group had a net margin of 26.42% and a return on equity of 11.34%. Goldman Sachs Group’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the company posted $4.88 EPS. equities analysts anticipate that Goldman Sachs Group Inc will post 19.03 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, November 30th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Wednesday, November 29th. Goldman Sachs Group’s dividend payout ratio is presently 15.63%.

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Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.

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Institutional Ownership by Quarter for Goldman Sachs Group (NYSE:GS)

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