The Goldman Sachs Group, Inc. $GS Shares Sold by Gunderson Capital Management Inc.

Gunderson Capital Management Inc. decreased its position in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 50.9% during the 3rd quarter, Holdings Channel reports. The fund owned 10,045 shares of the investment management company’s stock after selling 10,402 shares during the quarter. The Goldman Sachs Group makes up 2.9% of Gunderson Capital Management Inc.’s portfolio, making the stock its 14th biggest holding. Gunderson Capital Management Inc.’s holdings in The Goldman Sachs Group were worth $7,999,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rheos Capital Works Inc. increased its position in shares of The Goldman Sachs Group by 258.8% in the 3rd quarter. Rheos Capital Works Inc. now owns 30,500 shares of the investment management company’s stock valued at $24,289,000 after purchasing an additional 22,000 shares during the last quarter. CoreCap Advisors LLC lifted its position in shares of The Goldman Sachs Group by 24.8% during the 3rd quarter. CoreCap Advisors LLC now owns 1,961 shares of the investment management company’s stock worth $1,562,000 after purchasing an additional 390 shares during the last quarter. Grandview Asset Management LLC grew its stake in shares of The Goldman Sachs Group by 160.4% during the third quarter. Grandview Asset Management LLC now owns 1,492 shares of the investment management company’s stock worth $1,188,000 after purchasing an additional 919 shares in the last quarter. Kathmere Capital Management LLC increased its holdings in The Goldman Sachs Group by 11.3% in the third quarter. Kathmere Capital Management LLC now owns 1,748 shares of the investment management company’s stock valued at $1,392,000 after buying an additional 178 shares during the last quarter. Finally, Spirepoint Private Client LLC increased its holdings in The Goldman Sachs Group by 0.3% in the third quarter. Spirepoint Private Client LLC now owns 8,780 shares of the investment management company’s stock valued at $6,992,000 after buying an additional 22 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. BNP Paribas Exane upped their price objective on The Goldman Sachs Group from $685.00 to $775.00 and gave the stock a “neutral” rating in a research report on Friday, October 17th. Barclays raised their target price on The Goldman Sachs Group from $850.00 to $1,048.00 and gave the stock an “overweight” rating in a research report on Monday. Jefferies Financial Group raised their price objective on shares of The Goldman Sachs Group from $898.00 to $1,087.00 and gave the stock a “buy” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft upped their target price on shares of The Goldman Sachs Group from $725.00 to $790.00 and gave the company a “hold” rating in a report on Tuesday, September 30th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of The Goldman Sachs Group in a research report on Monday, December 22nd. Five research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $852.28.

View Our Latest Analysis on GS

Key The Goldman Sachs Group News

Here are the key news stories impacting The Goldman Sachs Group this week:

The Goldman Sachs Group Price Performance

GS stock opened at $955.05 on Wednesday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 2.53. The company has a market capitalization of $286.45 billion, a P/E ratio of 19.40, a PEG ratio of 1.11 and a beta of 1.33. The business has a 50 day simple moving average of $843.27 and a 200-day simple moving average of $778.94. The Goldman Sachs Group, Inc. has a twelve month low of $439.38 and a twelve month high of $961.69.

The Goldman Sachs Group (NYSE:GSGet Free Report) last released its quarterly earnings results on Tuesday, October 14th. The investment management company reported $12.25 EPS for the quarter, beating the consensus estimate of $10.27 by $1.98. The firm had revenue of $15.18 billion during the quarter, compared to the consensus estimate of $13.68 billion. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 15.29%. The Goldman Sachs Group’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $8.40 EPS. As a group, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd were issued a $4.00 dividend. This represents a $16.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Tuesday, December 2nd. The Goldman Sachs Group’s dividend payout ratio is presently 32.50%.

About The Goldman Sachs Group

(Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

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

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