E. Ohman J or Asset Management AB Reduces Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

E. Ohman J or Asset Management AB cut its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 5.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,320 shares of the investment management company’s stock after selling 700 shares during the period. E. Ohman J or Asset Management AB’s holdings in The Goldman Sachs Group were worth $6,595,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Wealthcare Advisory Partners LLC boosted its position in shares of The Goldman Sachs Group by 15.7% during the first quarter. Wealthcare Advisory Partners LLC now owns 2,238 shares of the investment management company’s stock worth $935,000 after buying an additional 304 shares during the period. Thrive Wealth Management LLC raised its stake in The Goldman Sachs Group by 9.3% in the first quarter. Thrive Wealth Management LLC now owns 655 shares of the investment management company’s stock valued at $273,000 after buying an additional 56 shares in the last quarter. Norway Savings Bank raised its stake in The Goldman Sachs Group by 17.4% in the first quarter. Norway Savings Bank now owns 2,410 shares of the investment management company’s stock valued at $1,007,000 after buying an additional 358 shares in the last quarter. Webster Bank N. A. grew its holdings in shares of The Goldman Sachs Group by 120.3% during the first quarter. Webster Bank N. A. now owns 597 shares of the investment management company’s stock worth $249,000 after purchasing an additional 326 shares during the last quarter. Finally, Independence Bank of Kentucky grew its holdings in shares of The Goldman Sachs Group by 29.7% during the first quarter. Independence Bank of Kentucky now owns 1,592 shares of the investment management company’s stock worth $665,000 after purchasing an additional 365 shares during the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

The Goldman Sachs Group Stock Performance

GS opened at $524.50 on Friday. The stock has a market cap of $169.13 billion, a P/E ratio of 20.48, a P/E/G ratio of 0.77 and a beta of 1.36. The company has a debt-to-equity ratio of 2.20, a current ratio of 0.72 and a quick ratio of 0.72. The stock’s 50 day simple moving average is $499.70 and its 200 day simple moving average is $471.74. The Goldman Sachs Group, Inc. has a 1-year low of $289.36 and a 1-year high of $540.51.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results 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 Goldman Sachs Group had a return on equity of 10.56% and a net margin of 9.36%. The firm had revenue of $12.70 billion for the quarter, compared to analysts’ expectations of $11.77 billion. During the same quarter in the prior year, the firm earned $5.47 EPS. The Goldman Sachs Group’s quarterly revenue was up 7.4% on a year-over-year basis. As a group, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 35.52 EPS 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. Investors of record on Monday, December 2nd will be given a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 2.29%. The ex-dividend date is Monday, December 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 46.86%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Barclays raised their price target on The Goldman Sachs Group from $565.00 to $588.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. JMP Securities raised their price target on The Goldman Sachs Group from $525.00 to $550.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. raised their price target on The Goldman Sachs Group from $472.00 to $520.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Bank of America lifted their price objective on The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Finally, Oppenheimer raised their price target on The Goldman Sachs Group from $577.00 to $614.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $524.69.

Insider Activity at The Goldman Sachs Group

In related news, insider Brian J. Lee sold 2,000 shares of the stock in a transaction 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 sale, the insider now directly owns 10,095 shares in the company, valued at approximately $5,359,435.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.54% of the stock is owned by insiders.

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.