Sargent Investment Group LLC Cuts Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Sargent Investment Group LLC decreased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 15.2% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,036 shares of the investment management company’s stock after selling 185 shares during the quarter. Sargent Investment Group LLC’s holdings in The Goldman Sachs Group were worth $513,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Omnia Family Wealth LLC purchased a new position in shares of The Goldman Sachs Group during the 3rd quarter valued at about $219,000. Tokio Marine Asset Management Co. Ltd. boosted its position in shares of The Goldman Sachs Group by 5.2% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 9,049 shares of the investment management company’s stock worth $4,480,000 after acquiring an additional 449 shares in the last quarter. Schulhoff & Co. Inc. raised its holdings in shares of The Goldman Sachs Group by 9.9% in the third 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. Planning Capital Management Corp grew its position in The Goldman Sachs Group by 248.3% during the third quarter. Planning Capital Management Corp now owns 209 shares of the investment management company’s stock worth $104,000 after buying an additional 149 shares during the period. Finally, Wealthstream Advisors Inc. grew its holdings in The Goldman Sachs Group by 1.7% during the 3rd quarter. Wealthstream Advisors Inc. now owns 1,289 shares of the investment management company’s stock valued at $638,000 after buying an additional 22 shares during the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CAO Sheara J. Fredman sold 2,974 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total value of $1,768,072.74. Following the completion of the sale, the chief accounting officer now owns 8,489 shares of the company’s stock, valued at approximately $5,046,795.39. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CAO Sheara J. Fredman sold 2,974 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $594.51, for a total value of $1,768,072.74. Following the transaction, the chief accounting officer now owns 8,489 shares of the company’s stock, valued at approximately $5,046,795.39. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction 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 company’s 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 completion of the transaction, the insider now owns 10,095 shares of the company’s stock, valued at $5,359,435.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,390 shares of company stock worth $6,656,119. Company insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Wolfe Research raised shares of The Goldman Sachs Group to a “hold” rating in a research report on Wednesday, September 18th. BMO Capital Markets lifted their price target on shares of The Goldman Sachs Group from $360.00 to $373.00 and gave the company a “market perform” rating in a research report on Wednesday, July 17th. Keefe, Bruyette & Woods raised their price target on shares of The Goldman Sachs Group from $555.00 to $570.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Royal Bank of Canada restated a “sector perform” rating and set a $500.00 price target on shares of The Goldman Sachs Group in a research note on Tuesday, July 30th. Finally, Morgan Stanley raised their price objective on 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. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $527.63.

The Goldman Sachs Group Stock Performance

Shares of NYSE:GS traded down $1.63 during trading on Thursday, hitting $592.59. 539,087 shares of the company traded hands, compared to its average volume of 2,222,167. 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 Goldman Sachs Group, Inc. has a one year low of $334.55 and a one year high of $607.15. The business’s fifty day moving average is $513.80 and its 200-day moving average is $486.51. The stock has a market capitalization of $186.02 billion, a price-to-earnings ratio of 17.44, a PEG ratio of 0.86 and a beta of 1.35.

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

The Goldman Sachs Group Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $12.00 annualized dividend and a dividend yield of 2.03%. The Goldman Sachs Group’s dividend payout ratio is 35.21%.

The Goldman Sachs Group Company 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.