Asset Management One Co. Ltd. grew its stake in Goldman Sachs Group Inc (NYSE:GS) by 0.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 571,457 shares of the investment management company’s stock after acquiring an additional 3,834 shares during the period. Asset Management One Co. Ltd. owned 0.15% of Goldman Sachs Group worth $135,484,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of the business. AMP Capital Investors Ltd grew its stake in Goldman Sachs Group by 5.0% in the 3rd quarter. AMP Capital Investors Ltd now owns 215,770 shares of the investment management company’s stock worth $51,179,000 after acquiring an additional 10,359 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in Goldman Sachs Group by 9.2% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 91,950 shares of the investment management company’s stock worth $21,810,000 after acquiring an additional 7,736 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Goldman Sachs Group by 3.1% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 559,044 shares of the investment management company’s stock valued at $133,158,000 after purchasing an additional 16,700 shares in the last quarter. Engineers Gate Manager LP bought a new position in shares of Goldman Sachs Group during the third quarter valued at approximately $1,084,000. Finally, Synovus Financial Corp boosted its stake in shares of Goldman Sachs Group by 4.2% during the third quarter. Synovus Financial Corp now owns 13,382 shares of the investment management company’s stock valued at $3,178,000 after purchasing an additional 535 shares in the last quarter. Institutional investors and hedge funds own 73.35% of the company’s stock.
A number of equities analysts have recently issued reports on the stock. Vertical Group upgraded shares of Goldman Sachs Group from a “sell” rating to a “hold” rating in a research note on Friday, December 8th. Bank of America increased their price objective on shares of Goldman Sachs Group from $290.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, December 7th. J P Morgan Chase & Co reiterated a “buy” rating on shares of Goldman Sachs Group in a research note on Monday, November 20th. Royal Bank of Canada reiterated a “hold” rating and set a $240.00 price objective on shares of Goldman Sachs Group in a research note on Wednesday, November 15th. Finally, Zacks Investment Research upgraded shares of Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $273.00 price objective on the stock in a research note on Tuesday, November 7th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Goldman Sachs Group has a consensus rating of “Hold” and an average target price of $246.10.
In other Goldman Sachs Group news, Vice Chairman Richard J. Gnodde sold 4,951 shares of the firm’s stock in a transaction on Wednesday, October 18th. The shares were sold at an average price of $239.95, for a total value of $1,187,992.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider David M. Solomon sold 12,707 shares of the firm’s stock in a transaction on 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. In the last ninety days, insiders sold 135,177 shares of company stock valued at $32,435,160. Corporate insiders own 2.57% of the company’s stock.
Goldman Sachs Group Inc (NYSE GS) traded down $2.12 during midday trading on Thursday, hitting $255.56. 3,482,300 shares of the company’s stock were exchanged, compared to its average volume of 3,272,948. The stock has a market capitalization of $97,197.28, a PE ratio of 13.42, a P/E/G ratio of 1.31 and a beta of 1.47. Goldman Sachs Group Inc has a fifty-two week low of $209.62 and a fifty-two week high of $260.50. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 2.82.
Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Tuesday, October 17th. The investment management company reported $5.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.17 by $0.85. The business had revenue of $8.33 billion during the quarter, compared to analysts’ expectations of $7.59 billion. Goldman Sachs Group had a net margin of 26.42% and a return on equity of 11.34%. The business’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the company posted $4.88 earnings per share. sell-side analysts forecast that Goldman Sachs Group Inc will post 19.03 earnings per share for the current year.
The business also recently declared 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 of this dividend is Wednesday, November 29th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.17%. Goldman Sachs Group’s dividend payout ratio is currently 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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