U S Global Investors Inc. Increases Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

U S Global Investors Inc. increased its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 10.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,970 shares of the investment management company’s stock after purchasing an additional 270 shares during the quarter. U S Global Investors Inc.’s holdings in The Goldman Sachs Group were worth $1,470,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Krane Funds Advisors LLC boosted its stake in shares of The Goldman Sachs Group by 1.7% in the third quarter. Krane Funds Advisors LLC now owns 1,177 shares of the investment management company’s stock valued at $583,000 after purchasing an additional 20 shares during the period. Foundations Investment Advisors LLC grew its position in shares of The Goldman Sachs Group by 2.2% during the third quarter. Foundations Investment Advisors LLC now owns 1,804 shares of the investment management company’s stock worth $893,000 after acquiring an additional 38 shares during the last quarter. Telos Capital Management Inc. grew its position in The Goldman Sachs Group by 0.6% in the 3rd quarter. Telos Capital Management Inc. now owns 16,245 shares of the investment management company’s stock valued at $8,043,000 after buying an additional 103 shares in the last quarter. Ledyard National Bank bought a new position in The Goldman Sachs Group in the 3rd quarter valued at about $233,000. Finally, Waterway Wealth Management LLC grew its position in The Goldman Sachs Group by 10.9% in the 3rd quarter. Waterway Wealth Management LLC now owns 510 shares of the investment management company’s stock valued at $253,000 after buying an additional 50 shares in the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at The Goldman Sachs Group

In related news, insider Brian J. Lee sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The shares were 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 directly owns 10,095 shares of the company’s stock, valued at approximately $5,359,435.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.54% of the stock is currently owned by company insiders.

The Goldman Sachs Group Price Performance

GS stock traded down $1.55 during midday trading on Tuesday, reaching $516.25. 127,046 shares of the stock were exchanged, compared to its average volume of 2,206,764. 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 has a market capitalization of $166.47 billion, a PE ratio of 20.22, a P/E/G ratio of 0.77 and a beta of 1.36. The Goldman Sachs Group, Inc. has a 52 week low of $289.36 and a 52 week high of $540.51. The company has a fifty day moving average price of $498.80 and a 200 day moving average price of $470.64.

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

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 2nd will be paid a dividend of $3.00 per share. 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 payout ratio is currently 46.86%.

Wall Street Analyst Weigh In

A number of analysts have commented on GS shares. Seaport Res Ptn lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 2nd. Morgan Stanley raised their price objective on shares of The Goldman Sachs Group from $560.00 to $570.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Royal Bank of Canada restated a “sector perform” rating and issued a $500.00 price objective on shares of The Goldman Sachs Group in a research note on Tuesday, July 30th. Evercore ISI increased their price target on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Finally, Keefe, Bruyette & Woods boosted their price objective 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. Five 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 Goldman Sachs Group presently has a consensus rating of “Moderate Buy” and a consensus target price 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.