Callan Family Office LLC Raises Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Callan Family Office LLC lifted its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 34.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,507 shares of the investment management company’s stock after purchasing an additional 383 shares during the period. Callan Family Office LLC’s holdings in The Goldman Sachs Group were worth $746,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Connectus Wealth LLC purchased a new stake in The Goldman Sachs Group in the fourth quarter worth about $954,000. XML Financial LLC increased its holdings in The Goldman Sachs Group by 6.2% during the fourth quarter. XML Financial LLC now owns 5,287 shares of the investment management company’s stock valued at $2,039,000 after buying an additional 310 shares during the period. Cresset Asset Management LLC raised its stake in The Goldman Sachs Group by 4.8% in the fourth quarter. Cresset Asset Management LLC now owns 67,957 shares of the investment management company’s stock worth $26,216,000 after buying an additional 3,141 shares in the last quarter. Cheviot Value Management LLC purchased a new stake in The Goldman Sachs Group during the fourth quarter worth $206,000. Finally, Symmetry Investments LP bought a new stake in The Goldman Sachs Group during the 4th quarter valued at $515,000. Institutional investors own 71.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Evercore ISI boosted their price target on The Goldman Sachs Group from $475.00 to $520.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 16th. BMO Capital Markets raised their price target on shares of The Goldman Sachs Group from $360.00 to $373.00 and gave the company a “market perform” rating in a report on Wednesday, July 17th. 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 upped their price target on The Goldman Sachs Group from $513.00 to $561.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 30th. Finally, Oppenheimer increased their price objective on shares of The Goldman Sachs Group from $548.00 to $577.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $497.56.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Brian J. Lee sold 3,500 shares of the firm’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $505.99, for a total transaction of $1,770,965.00. Following the completion of the sale, the insider now owns 12,095 shares of the company’s stock, valued at $6,119,949.05. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other The Goldman Sachs Group news, insider Brian J. Lee sold 3,500 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $505.99, for a total transaction of $1,770,965.00. Following the completion of the sale, the insider now directly owns 12,095 shares in the company, valued at $6,119,949.05. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas K. Montag sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $505.04, for a total transaction of $5,050,400.00. Following the completion of the transaction, the director now owns 12,450 shares in the company, valued at approximately $6,287,748. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by company insiders.

The Goldman Sachs Group Stock Performance

NYSE GS opened at $494.48 on Tuesday. 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 Goldman Sachs Group, Inc. has a 1-year low of $289.36 and a 1-year high of $517.26. The company has a market cap of $159.45 billion, a PE ratio of 19.31, a price-to-earnings-growth ratio of 0.78 and a beta of 1.36. The stock’s 50 day simple moving average is $492.29 and its 200-day simple moving average is $462.61.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Monday, July 15th. The investment management company reported $8.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.52 by $0.10. The Goldman Sachs Group had a net margin of 9.36% and a return on equity of 10.56%. The business had revenue of $12.73 billion during the quarter, compared to analyst estimates of $12.60 billion. As a group, equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 35.43 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, August 30th were given a dividend of $3.00 per share. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $2.75. This represents a $12.00 annualized dividend and a yield of 2.43%. The ex-dividend date was Friday, August 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 46.86%.

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.