Coldstream Capital Management Inc. Increases Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Coldstream Capital Management Inc. increased its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 29.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,866 shares of the investment management company’s stock after buying an additional 1,328 shares during the quarter. Coldstream Capital Management Inc.’s holdings in The Goldman Sachs Group were worth $2,950,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in GS. POM Investment Strategies LLC acquired a new stake in The Goldman Sachs Group during the 2nd quarter worth about $26,000. Semmax Financial Advisors Inc. acquired a new stake in The Goldman Sachs Group during the 2nd quarter worth about $26,000. Headlands Technologies LLC acquired a new stake in The Goldman Sachs Group during the 2nd quarter worth about $27,000. Quest Partners LLC grew its position in The Goldman Sachs Group by 6,300.0% during the 2nd quarter. Quest Partners LLC now owns 64 shares of the investment management company’s stock worth $29,000 after purchasing an additional 63 shares during the period. Finally, West Branch Capital LLC acquired a new stake in The Goldman Sachs Group during the 3rd quarter worth about $30,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Stock Down 1.6 %

Shares of NYSE GS opened at $584.86 on Wednesday. The company has a 50 day simple moving average of $553.26 and a 200-day simple moving average of $505.37. The company has a market capitalization of $183.59 billion, a P/E ratio of 17.16, a P/E/G ratio of 0.86 and a beta of 1.38. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The Goldman Sachs Group, Inc. has a 1 year low of $349.05 and a 1 year high of $612.73.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Tuesday, October 15th. The investment management company reported $8.40 earnings per share (EPS) 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 business had revenue of $12.70 billion during the quarter, compared to the consensus estimate of $11.77 billion. During the same quarter last year, the firm earned $5.47 EPS. The business’s revenue was up 7.4% compared to the same quarter last year. On average, equities research analysts predict that The Goldman Sachs Group, Inc. will post 37.15 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 2nd will be issued a $3.00 dividend. The ex-dividend date is Monday, December 2nd. This represents a $12.00 annualized dividend and a yield of 2.05%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 35.21%.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 2,974 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were 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 owns 8,489 shares of the company’s stock, valued at $5,046,795.39. This trade represents a 25.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director David A. Viniar sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $612.08, for a total transaction of $3,060,400.00. Following the completion of the transaction, the director now directly owns 608,425 shares of the company’s stock, valued at $372,404,774. This represents a 0.82 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,940 shares of company stock worth $13,717,979. Insiders own 0.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on GS. JPMorgan Chase & Co. increased their target price on shares of The Goldman Sachs Group from $520.00 to $550.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. HSBC lowered shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and increased their target price for the stock from $569.00 to $608.00 in a research note on Tuesday, November 26th. Wells Fargo & Company increased their target price on shares of The Goldman Sachs Group from $600.00 to $680.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Morgan Stanley increased their target price on shares of The Goldman Sachs Group from $560.00 to $570.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Finally, Citigroup increased their target price on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a research note on Thursday, November 21st. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $559.75.

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.