Talbot Financial LLC Has $20.15 Million Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Talbot Financial LLC lifted its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 3.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 40,691 shares of the investment management company’s stock after acquiring an additional 1,283 shares during the period. The Goldman Sachs Group accounts for about 2.5% of Talbot Financial LLC’s investment portfolio, making the stock its 9th largest position. Talbot Financial LLC’s holdings in The Goldman Sachs Group were worth $20,146,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GS. Fisher Asset Management LLC raised its stake in shares of 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 purchasing an additional 150,532 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of The Goldman Sachs Group by 5.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,953,461 shares of the investment management company’s stock valued at $1,910,897,000 after buying an additional 274,989 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of The Goldman Sachs Group during the 1st quarter worth about $1,903,374,000. Legal & General Group Plc boosted its position in shares of The Goldman Sachs Group by 2.9% during the 2nd 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 acquiring an additional 77,700 shares in the last quarter. Finally, Putnam Investments LLC increased 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 period. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on GS. JPMorgan Chase & Co. raised their price target on shares of The Goldman Sachs Group from $464.00 to $472.00 and gave the stock an “overweight” rating in a research note on Monday, September 9th. Keefe, Bruyette & Woods raised their price target on The Goldman Sachs Group from $485.00 to $520.00 and gave the company an “outperform” rating in a report on Thursday, June 27th. Barclays lifted their price objective on The Goldman Sachs Group from $493.00 to $565.00 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. Seaport Res Ptn cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 2nd. Finally, Wells Fargo & Company lifted their target price on The Goldman Sachs Group from $504.00 to $550.00 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and an average price target of $499.13.

The Goldman Sachs Group Trading Up 0.4 %

GS opened at $496.57 on Wednesday. The firm’s fifty day simple moving average is $492.33 and its 200 day simple moving average is $463.18. The stock has a market capitalization of $160.13 billion, a P/E ratio of 19.39, a P/E/G ratio of 0.78 and a beta of 1.36. 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 Goldman Sachs Group, Inc. has a 12 month low of $289.36 and a 12 month high of $517.26.

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 (EPS) for the quarter, beating the consensus estimate of $8.52 by $0.10. The firm had revenue of $12.73 billion for the quarter, compared to analyst estimates 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, 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 firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 30th were issued a dividend of $3.00 per share. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $2.75. The ex-dividend date of this dividend was Friday, August 30th. This represents a $12.00 annualized dividend and a yield of 2.42%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 46.86%.

Insiders Place Their Bets

In other news, insider Brian J. Lee sold 3,500 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $6,119,949.05. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other The Goldman Sachs Group news, Director Thomas K. Montag sold 10,000 shares of the stock in a transaction dated 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 sale, the director now directly owns 12,450 shares in the company, valued at $6,287,748. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Brian J. Lee sold 3,500 shares of the business’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $505.99, for a total value of $1,770,965.00. Following the transaction, the insider now directly owns 12,095 shares of the company’s stock, valued at $6,119,949.05. This trade 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.

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.