Longer Investments Inc. acquired a new stake in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 11,125 shares of the investment management company’s stock, valued at approximately $2,639,000. Goldman Sachs Group, Inc. (The) accounts for about 2.4% of Longer Investments Inc.’s portfolio, making the stock its 13th largest holding.

Several other hedge funds have also modified their holdings of the company. Chicago Partners Investment Group LLC grew its position in shares of Goldman Sachs Group, Inc. (The) by 0.3% during the 1st quarter. Chicago Partners Investment Group LLC now owns 1,052 shares of the investment management company’s stock valued at $242,000 after acquiring an additional 3 shares during the period. MV Capital Management Inc. grew its position in shares of Goldman Sachs Group, Inc. (The) by 0.5% during the 2nd quarter. MV Capital Management Inc. now owns 618 shares of the investment management company’s stock valued at $137,000 after acquiring an additional 3 shares during the period. Geller Family Office Services LLC boosted its holdings in Goldman Sachs Group, Inc. (The) by 0.3% in the 2nd quarter. Geller Family Office Services LLC now owns 944 shares of the investment management company’s stock worth $209,000 after buying an additional 3 shares during the period. Hudock Capital Group LLC boosted its holdings in Goldman Sachs Group, Inc. (The) by 0.4% in the 2nd quarter. Hudock Capital Group LLC now owns 1,134 shares of the investment management company’s stock worth $251,000 after buying an additional 4 shares during the period. Finally, FTB Advisors Inc. boosted its holdings in Goldman Sachs Group, Inc. (The) by 0.3% in the 2nd quarter. FTB Advisors Inc. now owns 1,605 shares of the investment management company’s stock worth $360,000 after buying an additional 5 shares during the period. 74.41% of the stock is owned by hedge funds and other institutional investors.

In other news, Vice Chairman Richard J. Gnodde sold 4,951 shares of the stock in a transaction that occurred on Wednesday, October 18th. The shares were sold at an average price of $239.95, for a total transaction of $1,187,992.45. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Harvey M. Schwartz sold 25,000 shares of the stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $245.00, for a total transaction of $6,125,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,344 shares of company stock worth $9,125,608. Insiders own 2.57% of the company’s stock.

Goldman Sachs Group, Inc. (NYSE GS) opened at $240.27 on Tuesday. The company has a debt-to-equity ratio of 2.82, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market cap of $90,584.94, a PE ratio of 12.51, a price-to-earnings-growth ratio of 1.22 and a beta of 1.48. Goldman Sachs Group, Inc. has a one year low of $204.15 and a one year high of $255.15.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last issued its earnings results on Tuesday, October 17th. The investment management company reported $5.02 EPS for the quarter, topping the Zacks’ consensus estimate of $4.17 by $0.85. The business had revenue of $8.33 billion for the quarter, compared to the consensus estimate of $7.59 billion. Goldman Sachs Group, Inc. (The) had a net margin of 26.42% and a return on equity of 11.34%. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.88 EPS. sell-side analysts anticipate that Goldman Sachs Group, Inc. will post 19.03 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th will be paid a dividend of $0.75 per share. The ex-dividend date is Wednesday, November 29th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.25%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio is presently 15.63%.

Several brokerages recently weighed in on GS. Berenberg Bank reaffirmed a “sell” rating and issued a $190.00 target price on shares of Goldman Sachs Group, Inc. (The) in a report on Friday, July 21st. Oppenheimer Holdings, Inc. upped their target price on shares of Goldman Sachs Group, Inc. (The) from $251.00 to $256.00 and gave the stock an “outperform” rating in a report on Wednesday, July 19th. Keefe, Bruyette & Woods downgraded shares of Goldman Sachs Group, Inc. (The) from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $260.00 to $240.00 in a report on Wednesday, July 19th. BidaskClub downgraded shares of Goldman Sachs Group, Inc. (The) from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Finally, Zacks Investment Research downgraded shares of Goldman Sachs Group, Inc. (The) from a “hold” rating to a “sell” rating in a report on Thursday, September 21st. Three analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $245.06.

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About Goldman Sachs Group, Inc. (The)

The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.

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Institutional Ownership by Quarter for Goldman Sachs Group, Inc. (The) (NYSE:GS)

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