YHB Investment Advisors Inc. Lowers Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

YHB Investment Advisors Inc. decreased its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 7.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 10,184 shares of the investment management company’s stock after selling 871 shares during the period. YHB Investment Advisors Inc.’s holdings in The Goldman Sachs Group were worth $5,042,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Future Financial Wealth Managment LLC acquired a new stake in shares of The Goldman Sachs Group in the 1st quarter worth about $84,000. GoalVest Advisory LLC purchased a new stake in shares of The Goldman Sachs Group in the 1st quarter valued at approximately $84,000. St. Johns Investment Management Company LLC acquired a new stake in shares of The Goldman Sachs Group in the first quarter worth $50,000. Wealthcare Advisory Partners LLC increased its holdings in shares of The Goldman Sachs Group by 15.7% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 2,238 shares of the investment management company’s stock valued at $935,000 after purchasing an additional 304 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of The Goldman Sachs Group by 0.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 105,391 shares of the investment management company’s stock valued at $44,021,000 after acquiring an additional 357 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Buying and Selling 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 that occurred on Thursday, October 17th. The stock was sold at an average price of $530.90, for a total transaction of $1,061,800.00. Following 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Trading Down 0.2 %

NYSE GS opened at $517.20 on Thursday. 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 current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.20. The firm has a market capitalization of $166.78 billion, a PE ratio of 20.20, a price-to-earnings-growth ratio of 0.77 and a beta of 1.36. The business’s 50-day moving average price is $499.70 and its two-hundred day moving average price is $471.74.

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 9.36% and a return on equity of 10.56%. 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, analysts expect that The Goldman Sachs Group, Inc. will post 35.52 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 2nd will be given a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date is Monday, December 2nd. The Goldman Sachs Group’s payout ratio is 46.86%.

Analyst Upgrades and Downgrades

GS has been the topic of a number of recent research reports. Keefe, Bruyette & Woods raised their price target on shares of The Goldman Sachs Group from $555.00 to $570.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Seaport Res Ptn lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 2nd. Bank of America increased their price target on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Wolfe Research raised The Goldman Sachs Group to a “hold” rating in a report on Wednesday, September 18th. Finally, Barclays lifted their price objective on The Goldman Sachs Group from $565.00 to $588.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Five investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $524.69.

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.