Hancock Whitney Corp Acquires 208 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Hancock Whitney Corp lifted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 4.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,478 shares of the investment management company’s stock after purchasing an additional 208 shares during the quarter. Hancock Whitney Corp’s holdings in The Goldman Sachs Group were worth $2,217,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GS. Truvestments Capital LLC bought a new position in The Goldman Sachs Group during the 3rd quarter worth $34,000. Brown Brothers Harriman & Co. lifted its position in shares of The Goldman Sachs Group by 5.1% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 4,643 shares of the investment management company’s stock valued at $2,299,000 after acquiring an additional 226 shares during the period. Loomis Sayles & Co. L P grew its holdings in shares of The Goldman Sachs Group by 1.6% during the 3rd quarter. Loomis Sayles & Co. L P now owns 377,334 shares of the investment management company’s stock worth $186,822,000 after purchasing an additional 5,867 shares in the last quarter. Bedell Frazier Investment Counselling LLC bought a new position in shares of The Goldman Sachs Group in the third quarter worth $1,246,000. Finally, Harvest Fund Management Co. Ltd raised its stake in The Goldman Sachs Group by 85.0% in the third quarter. Harvest Fund Management Co. Ltd now owns 4,895 shares of the investment management company’s stock valued at $2,423,000 after purchasing an additional 2,249 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on GS shares. UBS Group increased their price objective on shares of The Goldman Sachs Group from $550.00 to $560.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Royal Bank of Canada reiterated a “sector perform” rating and set a $500.00 price target on shares of The Goldman Sachs Group in a research report on Tuesday, July 30th. Morgan Stanley upped their target price on The Goldman Sachs Group from $560.00 to $570.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Keefe, Bruyette & Woods upped their price objective on The Goldman Sachs Group from $555.00 to $570.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Finally, Oppenheimer increased their target price on shares of The Goldman Sachs Group from $614.00 to $661.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $542.00.

The Goldman Sachs Group Stock Up 0.0 %

Shares of NYSE:GS opened at $603.03 on Tuesday. The firm has a market cap of $189.30 billion, a P/E ratio of 17.69, a P/E/G ratio of 0.88 and a beta of 1.35. The Goldman Sachs Group, Inc. has a 12-month low of $334.87 and a 12-month high of $611.30. The business has a fifty day simple moving average of $531.87 and a 200 day simple moving average of $495.51. 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 (NYSE:GS) last issued its quarterly earnings results on Tuesday, October 15th. The investment management company reported $8.40 earnings per share for the quarter, beating 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 return on equity of 11.39% and a net margin of 9.89%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.47 earnings per share. Analysts predict that The Goldman Sachs Group, Inc. will post 37.15 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 2nd will be issued a dividend of $3.00 per share. The ex-dividend date is Monday, December 2nd. This represents a $12.00 annualized dividend and a yield of 1.99%. The Goldman Sachs Group’s payout ratio is 35.21%.

Insider Transactions at The Goldman Sachs Group

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 stock was sold at an average price of $594.51, for a total transaction 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 $5,046,795.39. This trade represents a 25.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 value of $1,061,800.00. Following the completion of the sale, the insider now owns 10,095 shares of the company’s stock, valued at approximately $5,359,435.50. The trade was a 16.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,390 shares of company stock worth $6,656,119. Company insiders own 0.57% of the company’s stock.

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.