Achmea Investment Management B.V. lowered its position in Goldman Sachs Group Inc (NYSE:GS) by 33.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,571 shares of the investment management company’s stock after selling 9,647 shares during the quarter. Achmea Investment Management B.V.’s holdings in Goldman Sachs Group were worth $4,640,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in GS. Sumitomo Mitsui Financial Group Inc. bought a new position in Goldman Sachs Group in the second quarter valued at $101,000. WealthTrust Arizona LLC boosted its position in Goldman Sachs Group by 97.1% during the second quarter. WealthTrust Arizona LLC now owns 469 shares of the investment management company’s stock valued at $104,000 after buying an additional 231 shares during the period. Sterling Investment Advisors Ltd. boosted its position in Goldman Sachs Group by 35.7% during the second quarter. Sterling Investment Advisors Ltd. now owns 475 shares of the investment management company’s stock valued at $105,000 after buying an additional 125 shares during the period. Shine Investment Advisory Services Inc. purchased a new stake in Goldman Sachs Group during the second quarter valued at about $111,000. Finally, Gs Investments Inc. purchased a new stake in Goldman Sachs Group during the second quarter valued at about $111,000. 73.35% of the stock is currently owned by hedge funds and other institutional investors.
In other Goldman Sachs Group news, insider David M. Solomon sold 2,400 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $238.49, for a total value of $572,376.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David M. Solomon sold 12,707 shares of the firm’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $237.94, for a total transaction of $3,023,503.58. The disclosure for this sale can be found here. Insiders sold 135,177 shares of company stock valued at $32,435,160 over the last 90 days. 2.57% of the stock is currently owned by company insiders.
GS has been the subject of several analyst reports. TheStreet upgraded shares of Goldman Sachs Group from a “c+” rating to a “b” rating in a research report on Friday, October 13th. J P Morgan Chase & Co set a $260.00 price target on shares of Goldman Sachs Group and gave the company a “buy” rating in a research report on Friday, September 15th. Zacks Investment Research upgraded shares of Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $271.00 price target for the company in a research report on Friday, October 20th. Bank of America upped their price target on shares of Goldman Sachs Group from $290.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Royal Bank Of Canada restated a “hold” rating and set a $240.00 price target on shares of Goldman Sachs Group in a research report on Thursday, August 31st. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Goldman Sachs Group presently has a consensus rating of “Hold” and an average price target of $246.10.
Goldman Sachs Group Inc (NYSE:GS) traded down $2.38 during trading on Thursday, hitting $245.95. 2,331,400 shares of the stock were exchanged, compared to its average volume of 3,286,980. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 2.82. The stock has a market capitalization of $93,670.45, a price-to-earnings ratio of 12.93, a P/E/G ratio of 1.26 and a beta of 1.47. Goldman Sachs Group Inc has a one year low of $209.62 and a one year high of $255.15.
Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Tuesday, October 17th. The investment management company reported $5.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.17 by $0.85. Goldman Sachs Group had a net margin of 26.42% and a return on equity of 11.34%. The business had revenue of $8.33 billion during the quarter, compared to analyst estimates of $7.59 billion. During the same period last year, the business posted $4.88 earnings per share. Goldman Sachs Group’s quarterly revenue was up 2.0% compared to the same quarter last year. sell-side analysts anticipate that Goldman Sachs Group Inc will post 19.03 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, November 30th will be issued a $0.75 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $3.00 annualized dividend and a yield of 1.22%. Goldman Sachs Group’s dividend payout ratio (DPR) is presently 15.63%.
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Goldman Sachs Group Company Profile
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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