Tidal Investments LLC Has $5.79 Million Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Tidal Investments LLC increased its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 6.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,691 shares of the investment management company’s stock after buying an additional 688 shares during the quarter. Tidal Investments LLC’s holdings in The Goldman Sachs Group were worth $5,788,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. POM Investment Strategies LLC bought a new stake in shares of The Goldman Sachs Group during the 2nd quarter worth approximately $26,000. Semmax Financial Advisors Inc. acquired a new position in The Goldman Sachs Group during the second quarter valued at approximately $26,000. Headlands Technologies LLC bought a new stake in The Goldman Sachs Group during the second quarter worth $27,000. Quest Partners LLC boosted its holdings in shares of The Goldman Sachs Group by 6,300.0% in the 2nd quarter. Quest Partners LLC now owns 64 shares of the investment management company’s stock valued at $29,000 after purchasing an additional 63 shares in the last quarter. Finally, West Branch Capital LLC bought a new position in shares of The Goldman Sachs Group in the 3rd quarter valued at $30,000. Institutional investors own 71.21% of the company’s stock.

Insiders Place Their Bets

In other news, insider Brian J. Lee sold 2,000 shares of The Goldman Sachs Group stock in a transaction 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 sale, the insider now owns 10,095 shares in the company, valued at $5,359,435.50. The trade was a 16.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John F.W. Rogers sold 6,416 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $596.36, for a total transaction of $3,826,245.76. Following the transaction, the executive vice president now directly owns 57,614 shares in the company, valued at approximately $34,358,685.04. This represents a 10.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,940 shares of company stock worth $13,717,979. 0.54% of the stock is owned by corporate insiders.

The Goldman Sachs Group Stock Down 1.0 %

The Goldman Sachs Group stock opened at $585.41 on Friday. The firm has a 50 day moving average price of $561.07 and a two-hundred day moving average price of $508.29. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The Goldman Sachs Group, Inc. has a 52-week low of $365.00 and a 52-week high of $612.73. The firm has a market cap of $183.77 billion, a price-to-earnings ratio of 17.18, a PEG ratio of 0.86 and a beta of 1.38.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Tuesday, October 15th. The investment management company reported $8.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.89 by $1.51. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.39%. The business had revenue of $12.70 billion for the quarter, compared to analyst estimates of $11.77 billion. During the same quarter in the previous year, the business earned $5.47 earnings per share. The Goldman Sachs Group’s revenue for the quarter was up 7.4% on a year-over-year basis. Equities analysts predict that The Goldman Sachs Group, Inc. will post 37.06 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors 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 yield of 2.05%. The Goldman Sachs Group’s dividend payout ratio is currently 35.21%.

Wall Street Analyst Weigh In

GS has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their target price on The Goldman Sachs Group from $520.00 to $550.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Oppenheimer lifted their price target on shares of The Goldman Sachs Group from $614.00 to $661.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Keefe, Bruyette & Woods increased their price objective on shares of The Goldman Sachs Group from $570.00 to $686.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Bank of America boosted their target price on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the stock a “buy” rating in a research note on Wednesday, October 16th. Finally, Evercore ISI increased their price target on The Goldman Sachs Group from $520.00 to $575.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $559.75.

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.