Hennion & Walsh Asset Management Inc. Has $1.85 Million Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Hennion & Walsh Asset Management Inc. lessened its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 16.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,727 shares of the investment management company’s stock after selling 732 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in The Goldman Sachs Group were worth $1,845,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of GS. Procyon Advisors LLC grew its position in The Goldman Sachs Group by 5.5% in the third quarter. Procyon Advisors LLC now owns 830 shares of the investment management company’s stock valued at $411,000 after acquiring an additional 43 shares during the last quarter. Brookstone Capital Management increased its position in The Goldman Sachs Group by 19.9% during the 3rd quarter. Brookstone Capital Management now owns 4,582 shares of the investment management company’s stock worth $2,268,000 after purchasing an additional 761 shares in the last quarter. Empowered Funds LLC increased its position in The Goldman Sachs Group by 62.7% during the 1st quarter. Empowered Funds LLC now owns 6,301 shares of the investment management company’s stock worth $2,632,000 after purchasing an additional 2,428 shares in the last quarter. Duality Advisers LP bought a new position in The Goldman Sachs Group in the 1st quarter valued at approximately $1,388,000. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its position in The Goldman Sachs Group by 34.2% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 8,256 shares of the investment management company’s stock valued at $3,448,000 after buying an additional 2,103 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Brian J. Lee sold 2,000 shares of the stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $530.90, for a total value of $1,061,800.00. Following the transaction, the insider now owns 10,095 shares in the company, valued at approximately $5,359,435.50. This 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 accessible through this hyperlink. 0.54% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

GS has been the subject of a number of research reports. Wolfe Research upgraded The Goldman Sachs Group to a “hold” rating in a research note on Wednesday, September 18th. Evercore ISI lifted 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. JMP Securities upped their price objective on The Goldman Sachs Group from $525.00 to $550.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. lifted their target price on shares of The Goldman Sachs Group from $472.00 to $520.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Finally, UBS Group raised their price target 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. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, The Goldman Sachs Group has a consensus rating of “Moderate Buy” and an average price target of $524.69.

The Goldman Sachs Group Trading Down 2.3 %

Shares of GS stock opened at $512.60 on Friday. The company has a market cap of $165.30 billion, a P/E ratio of 20.02, a PEG ratio of 0.77 and a beta of 1.36. The Goldman Sachs Group, Inc. has a fifty-two week low of $289.36 and a fifty-two week high of $540.51. The stock has a 50 day simple moving average of $500.21 and a two-hundred day simple moving average of $472.10. The company has a debt-to-equity ratio of 2.20, a quick ratio of 0.72 and a current ratio of 0.72.

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 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 for the quarter, compared to the consensus estimate of $11.77 billion. During the same quarter in the previous year, the company earned $5.47 EPS. The Goldman Sachs Group’s quarterly revenue was up 7.4% compared to the same quarter last year. Research analysts forecast that The Goldman Sachs Group, Inc. will post 35.52 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 2nd will be paid a $3.00 dividend. The ex-dividend date is Monday, December 2nd. This represents a $12.00 annualized dividend and a dividend yield of 2.34%. The Goldman Sachs Group’s dividend payout ratio is presently 46.86%.

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.