Anchor Investment Management LLC Raises Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Anchor Investment Management LLC grew its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 29.1% during the third quarter, Holdings Channel reports. The institutional investor owned 4,230 shares of the investment management company’s stock after buying an additional 953 shares during the period. Anchor Investment Management LLC’s holdings in The Goldman Sachs Group were worth $2,094,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. POM Investment Strategies LLC purchased a new position in The Goldman Sachs Group during the second quarter valued at approximately $26,000. Semmax Financial Advisors Inc. purchased a new position in shares of The Goldman Sachs Group during the 2nd quarter valued at $26,000. Headlands Technologies LLC bought a new position in The Goldman Sachs Group in the 2nd quarter worth $27,000. Quest Partners LLC increased its stake in 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 worth $29,000 after buying an additional 63 shares in the last quarter. Finally, West Branch Capital LLC purchased a new position in shares of The Goldman Sachs Group in the third quarter valued at about $30,000. 71.21% of the stock is currently owned by institutional investors.

Insider Buying and Selling at The Goldman Sachs Group

In other news, insider Brian J. Lee sold 2,000 shares of The Goldman Sachs Group stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $530.90, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Sheara J. Fredman sold 2,974 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total value of $1,768,072.74. Following the completion of the transaction, the chief accounting officer now directly owns 8,489 shares in the company, valued at approximately $5,046,795.39. This trade represents a 25.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,940 shares of company stock valued at $13,717,979 in the last quarter. 0.54% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on GS. Keefe, Bruyette & Woods increased their target price on The Goldman Sachs Group from $570.00 to $686.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Citigroup lifted their price objective on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a research report on Thursday, November 21st. UBS Group raised their target price on shares of The Goldman Sachs Group from $550.00 to $560.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Oppenheimer boosted their price target on shares of The Goldman Sachs Group from $614.00 to $661.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 5th. Finally, Morgan Stanley raised their price objective on 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. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $559.75.

The Goldman Sachs Group Trading Down 0.1 %

GS stock opened at $591.71 on Friday. The firm’s fifty day simple moving average is $557.16 and its two-hundred day simple moving average is $506.84. The stock has a market capitalization of $185.74 billion, a price-to-earnings ratio of 17.36, a price-to-earnings-growth ratio of 0.86 and a beta of 1.38. 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, Inc. has a twelve month low of $351.60 and a twelve month high of $612.73.

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 analysts’ consensus estimates 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 company had revenue of $12.70 billion for the quarter, compared to analyst estimates of $11.77 billion. During the same period in the prior year, the company posted $5.47 EPS. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, analysts anticipate that The Goldman Sachs Group, Inc. will post 37.06 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 2nd will be issued a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend is Monday, December 2nd. The Goldman Sachs Group’s payout ratio is currently 35.21%.

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.