The Goldman Sachs Group, Inc. (NYSE:GS) Stock Holdings Lifted by Wallington Asset Management LLC

Wallington Asset Management LLC raised its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,724 shares of the investment management company’s stock after purchasing an additional 575 shares during the period. The Goldman Sachs Group accounts for about 2.4% of Wallington Asset Management LLC’s investment portfolio, making the stock its 16th largest position. Wallington Asset Management LLC’s holdings in The Goldman Sachs Group were worth $17,192,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Sterling Investment Counsel LLC bought a new position in shares of The Goldman Sachs Group during the 3rd quarter valued at $212,000. TFG Advisers LLC boosted its stake in shares of The Goldman Sachs Group by 4.3% during the 3rd quarter. TFG Advisers LLC now owns 3,600 shares of the investment management company’s stock worth $1,783,000 after acquiring an additional 148 shares in the last quarter. Meadow Creek Wealth Advisors LLC acquired a new position in shares of The Goldman Sachs Group during the 3rd quarter valued at about $299,000. Marietta Wealth Management LLC lifted its holdings in The Goldman Sachs Group by 1.0% in the 3rd quarter. Marietta Wealth Management LLC now owns 17,661 shares of the investment management company’s stock worth $8,744,000 after purchasing an additional 169 shares during the last quarter. Finally, Macroview Investment Management LLC lifted its holdings in The Goldman Sachs Group by 9.5% in the 3rd quarter. Macroview Investment Management LLC now owns 345 shares of the investment management company’s stock worth $171,000 after purchasing an additional 30 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Performance

NYSE GS opened at $517.20 on Thursday. The stock has a market cap of $166.78 billion, a P/E ratio of 20.20, a PEG ratio of 0.77 and a beta of 1.36. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.20. The Goldman Sachs Group, Inc. has a twelve month low of $289.36 and a twelve month high of $540.51. The company’s 50-day simple moving average is $499.70 and its 200 day simple moving average is $471.74.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Tuesday, October 15th. The investment management company reported $8.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.89 by $1.51. The business had revenue of $12.70 billion during the quarter, compared to analysts’ expectations of $11.77 billion. The Goldman Sachs Group had a return on equity of 10.56% and a net margin of 9.36%. The Goldman Sachs Group’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.47 EPS. As a group, research analysts forecast that The Goldman Sachs Group, Inc. will post 35.52 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently announced 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 2.32%. The Goldman Sachs Group’s dividend payout ratio is presently 46.86%.

Insider Transactions at The Goldman Sachs Group

In related news, insider Brian J. Lee sold 2,000 shares of The Goldman Sachs Group 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 transaction, the insider now directly owns 10,095 shares of the company’s stock, valued at $5,359,435.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.54% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Oppenheimer lifted their price target on shares of The Goldman Sachs Group from $577.00 to $614.00 and gave the company an “outperform” rating in a research report 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 research report on Tuesday, July 16th. Seaport Res Ptn cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 2nd. BMO Capital Markets raised their target price on The Goldman Sachs Group from $360.00 to $373.00 and gave the company a “market perform” rating in a report on Wednesday, July 17th. Finally, Wells Fargo & Company upped their price target on The Goldman Sachs Group from $504.00 to $550.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and a consensus price target of $524.69.

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.