Advisors Asset Management Inc. increased its stake in The Goldman Sachs Group Inc. by 12.7%, acquiring 3,305 additional shares to hold a total of 29,399 shares valued at approximately $23.41 million. This increase follows Goldman Sachs beating its Q3 earnings estimates with EPS of $13.55 and revenue of $15.71 billion, prompting a dividend hike to $4.50 per quarter. Despite institutional investors holding over 71% of the stock and a “Hold” consensus rating from analysts, insiders have been net sellers, disposing of 87,513 shares recently.
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Advisors Asset Management Inc. Purchases 3,305 Shares of The Goldman Sachs Group, Inc. $GS
Advisors Asset Management Inc. increased its stake in The Goldman Sachs Group Inc. by 12.7%, acquiring 3,305 additional shares to hold a total of 29,399 shares valued at approximately $23.41 million. This increase follows Goldman Sachs beating its Q3 earnings estimates with EPS of $13.55 and revenue of $15.71 billion, prompting a dividend hike to $4.50 per quarter. Despite institutional investors holding over 71% of the stock and a “Hold” consensus rating from analysts, insiders have been net sellers, disposing of 87,513 shares recently.