Allied Investment Advisors LLC Has $11.43 Million Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Allied Investment Advisors LLC decreased its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 0.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,086 shares of the investment management company’s stock after selling 23 shares during the period. The Goldman Sachs Group accounts for approximately 2.3% of Allied Investment Advisors LLC’s holdings, making the stock its 14th biggest holding. Allied Investment Advisors LLC’s holdings in The Goldman Sachs Group were worth $11,430,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Fisher Asset Management LLC boosted its holdings in The Goldman Sachs Group by 2.8% in the fourth quarter. Fisher Asset Management LLC now owns 5,516,093 shares of the investment management company’s stock valued at $2,127,944,000 after acquiring an additional 150,532 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of The Goldman Sachs Group by 5.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,953,461 shares of the investment management company’s stock worth $1,910,897,000 after buying an additional 274,989 shares during the period. International Assets Investment Management LLC bought a new stake in shares of The Goldman Sachs Group during the first quarter worth approximately $1,903,374,000. Legal & General Group Plc lifted its holdings in The Goldman Sachs Group by 2.9% in the second quarter. Legal & General Group Plc now owns 2,780,338 shares of the investment management company’s stock valued at $1,257,602,000 after buying an additional 77,700 shares during the period. Finally, Putnam Investments LLC boosted its stake in The Goldman Sachs Group by 3.7% in the fourth quarter. Putnam Investments LLC now owns 2,293,691 shares of the investment management company’s stock valued at $884,837,000 after acquiring an additional 81,168 shares during the last quarter. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Up 1.9 %

Shares of NYSE:GS traded up $9.06 during mid-day trading on Friday, reaching $495.16. 1,721,821 shares of the stock were exchanged, compared to its average volume of 2,224,820. The stock’s 50 day simple moving average is $492.29 and its 200-day simple moving average is $461.63. The Goldman Sachs Group, Inc. has a one year low of $289.36 and a one year high of $517.26. The company has a market cap of $159.67 billion, a P/E ratio of 19.33, a P/E/G ratio of 0.78 and a beta of 1.36. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.20.

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

The Goldman Sachs Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 30th were given a dividend of $3.00 per share. The ex-dividend date was Friday, August 30th. 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 2.42%. The Goldman Sachs Group’s payout ratio is 46.86%.

Insider Transactions at The Goldman Sachs Group

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

Wall Street Analysts Forecast Growth

Several analysts have commented on GS shares. UBS Group upped their target price on shares of The Goldman Sachs Group from $490.00 to $535.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. Seaport Res Ptn lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 2nd. Oppenheimer boosted their target price on The Goldman Sachs Group from $548.00 to $577.00 and gave the stock an “outperform” rating in a research report on Wednesday. Royal Bank of Canada restated a “sector perform” rating and set a $500.00 price objective on shares of The Goldman Sachs Group in a report on Tuesday, July 30th. Finally, Wolfe Research raised shares of The Goldman Sachs Group to a “hold” rating in a research note on Wednesday, September 18th. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $497.56.

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.