Mediolanum International Funds Ltd Purchases 5,322 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

by · The Cerbat Gem

Mediolanum International Funds Ltd raised its position in The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 18.4% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 34,258 shares of the investment management company’s stock after acquiring an additional 5,322 shares during the period. Mediolanum International Funds Ltd’s holdings in The Goldman Sachs Group were worth $17,050,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Lake Street Advisors Group LLC grew its holdings in The Goldman Sachs Group by 7.1% in the 3rd quarter. Lake Street Advisors Group LLC now owns 3,612 shares of the investment management company’s stock valued at $1,788,000 after buying an additional 239 shares in the last quarter. Financial Management Network Inc. grew its holdings in The Goldman Sachs Group by 5.1% in the 3rd quarter. Financial Management Network Inc. now owns 728 shares of the investment management company’s stock valued at $360,000 after buying an additional 35 shares in the last quarter. Blackston Financial Advisory Group LLC grew its holdings in The Goldman Sachs Group by 66.8% in the 3rd quarter. Blackston Financial Advisory Group LLC now owns 814 shares of the investment management company’s stock valued at $403,000 after buying an additional 326 shares in the last quarter. Ballentine Partners LLC grew its holdings in shares of The Goldman Sachs Group by 3.5% during the 3rd quarter. Ballentine Partners LLC now owns 8,070 shares of the investment management company’s stock worth $3,995,000 after purchasing an additional 276 shares in the last quarter. Finally, Busey Bank grew its holdings in shares of The Goldman Sachs Group by 1.3% during the 3rd quarter. Busey Bank now owns 35,265 shares of the investment management company’s stock worth $17,460,000 after purchasing an additional 437 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

Insider Activity at The Goldman Sachs Group

In related news, insider Brian J. Lee sold 2,000 shares of The Goldman Sachs Group stock in a transaction dated 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 in the company, valued at $5,359,435.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.54% of the stock is currently owned by company insiders.

The Goldman Sachs Group Trading Down 0.4 %

Shares of GS stock traded down $2.14 during trading hours on Friday, reaching $522.36. 260,605 shares of the stock were exchanged, compared to its average volume of 2,199,143. The Goldman Sachs Group, Inc. has a 12-month low of $289.36 and a 12-month high of $540.51. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.20. The company’s 50-day moving average price is $499.70 and its 200-day moving average price is $471.74. The firm has a market capitalization of $168.44 billion, a price-to-earnings ratio of 20.48, a price-to-earnings-growth ratio of 0.77 and a beta of 1.36.

The Goldman Sachs Group (NYSE:GS – Get Free Report) last announced its quarterly earnings data on Tuesday, October 15th. The investment management company reported $8.40 earnings per share for the quarter, beating analysts’ consensus estimates of $6.89 by $1.51. The Goldman Sachs Group had a net margin of 9.36% and a return on equity of 10.56%. The company had revenue of $12.70 billion during the quarter, compared to analyst estimates of $11.77 billion. During the same quarter last year, the business posted $5.47 EPS. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 35.52 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The business 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. The ex-dividend date is Monday, December 2nd. This represents a $12.00 dividend on an annualized basis and a yield of 2.30%. The Goldman Sachs Group’s payout ratio is 46.86%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Seaport Res Ptn downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 2nd. Morgan Stanley lifted their price target on shares of The Goldman Sachs Group from $560.00 to $570.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Wells Fargo & Company upped their target price on shares of The Goldman Sachs Group from $504.00 to $550.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Oppenheimer upped their target price on shares of The Goldman Sachs Group from $577.00 to $614.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $500.00 price target on shares of The Goldman Sachs Group in a research note on Tuesday, July 30th. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $524.69.

Check Out Our Latest Analysis on GS

The Goldman Sachs Group Profile

(Free Report)

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.

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