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Several hedge funds adjusted their positions in The Goldman Sachs Group (GS). 3Chopt Investment Partners invested $252,000, Granite Bay Wealth Management put in about $5.53 million, and Advisory Alpha added $200,000 in Q2. Truist Financial raised its stake by 3.1%, owning now 563,989 shares valued at $255.1 million. Pathway Financial Advisers increased its stake by 1%, holding 4,376 shares worth $1.96 million. Institutional investors own 71.21% of the stock.
Insider Transactions
Insider Brian J. Lee sold 3,500 shares on July 16 for $1.77 million, retaining 12,095 shares valued at $6.12 million. Director Thomas K. Montag sold 10,000 shares on the same day for $5.05 million, now owning 12,450 shares valued at $6.29 million. Insiders own 0.54% of the company.
Latest Stock Performance
Goldman Sachs stock opened at $490.41, with a market cap of $158.14 billion, a PE ratio of 19.15, and a beta of 1.36. The yearly low is $289.36 and the high is $517.26. The recent EPS was $8.62, surpassing estimates, and projected earnings for this year are $35.43 per share.
Dividend Update
The announced quarterly dividend of $3.00 per share was paid on September 27, up from $2.75. The yield is 2.45%, with an annual payout of $12.00 and a DPR of 46.86%.
Analyst Ratings
Citigroup raised its target for GS to $485, while Evercore ISI increased it to $520. Royal Bank of Canada set it at $500, and Oppenheimer at $559. The consensus rating is Moderate Buy with a target price of $496.44.
About The Goldman Sachs Group
The Goldman Sachs Group, Inc. offers financial services worldwide, specializing in Global Banking & Markets, Asset & Wealth Management, and more.
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