Goldman Sachs Group, Inc. (The) (GS) Holdings Reduced by BlackRock Inc.

BlackRock Inc. lessened its position in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) by 0.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,339,797 shares of the investment management company’s stock after selling 229,739 shares during the quarter. BlackRock Inc. owned about 6.29% of Goldman Sachs Group, Inc. (The) worth $5,401,004,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Sumitomo Mitsui Financial Group Inc. bought a new stake in shares of Goldman Sachs Group, Inc. (The) during the 2nd quarter worth approximately $101,000. WealthTrust Arizona LLC lifted its stake in shares of Goldman Sachs Group, Inc. (The) by 97.1% during the 2nd quarter. WealthTrust Arizona LLC now owns 469 shares of the investment management company’s stock worth $104,000 after acquiring an additional 231 shares during the last quarter. Sterling Investment Advisors Ltd. lifted its stake in shares of Goldman Sachs Group, Inc. (The) by 35.7% during the 2nd quarter. Sterling Investment Advisors Ltd. now owns 475 shares of the investment management company’s stock worth $105,000 after acquiring an additional 125 shares during the last quarter. Shine Investment Advisory Services Inc. bought a new stake in shares of Goldman Sachs Group, Inc. (The) during the 2nd quarter worth approximately $111,000. Finally, First Personal Financial Services lifted its stake in shares of Goldman Sachs Group, Inc. (The) by 230.2% during the 2nd quarter. First Personal Financial Services now owns 525 shares of the investment management company’s stock worth $116,000 after acquiring an additional 366 shares during the last quarter. Institutional investors and hedge funds own 73.34% of the company’s stock.

A number of brokerages have weighed in on GS. BMO Capital Markets reaffirmed a “hold” rating and set a $202.00 target price on shares of Goldman Sachs Group, Inc. (The) in a research report on Friday, October 6th. Credit Suisse Group downgraded Goldman Sachs Group, Inc. (The) from an “outperform” rating to a “neutral” rating and lifted their price target for the company from $240.00 to $255.00 in a report on Monday, October 9th. They noted that the move was a valuation call. Citigroup Inc. reiterated a “neutral” rating and issued a $250.00 price target (up from $225.00) on shares of Goldman Sachs Group, Inc. (The) in a report on Monday, October 9th. TheStreet upgraded Goldman Sachs Group, Inc. (The) from a “c+” rating to a “b” rating in a report on Friday, October 13th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $240.00 target price on shares of Goldman Sachs Group, Inc. (The) in a research note on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $244.98.

In other Goldman Sachs Group, Inc. (The) news, Vice Chairman Richard J. Gnodde sold 4,951 shares of the business’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 sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director David A. Viniar sold 4,590 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $227.79, for a total transaction of $1,045,556.10. Following the completion of the transaction, the director now owns 854,925 shares in the company, valued at approximately $194,743,365.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 62,879 shares of company stock valued at $15,082,476. 2.57% of the stock is owned by corporate insiders.

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Shares of Goldman Sachs Group, Inc. (NYSE GS) traded down 0.41% on Friday, reaching $240.72. The company had a trading volume of 269,659 shares. Goldman Sachs Group, Inc. has a 1-year low of $174.73 and a 1-year high of $255.15. The firm has a 50-day moving average price of $234.68 and a 200 day moving average price of $226.05. The firm has a market capitalization of $93.45 billion, a price-to-earnings ratio of 12.54 and a beta of 1.41.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last announced its quarterly earnings results on Tuesday, October 17th. The investment management company reported $5.02 earnings per share for the quarter, topping analysts’ consensus estimates of $4.17 by $0.85. Goldman Sachs Group, Inc. (The) had a net margin of 26.42% and a return on equity of 11.32%. The firm had revenue of $8.33 billion during the quarter, compared to analysts’ expectations of $7.59 billion. During the same period in the prior year, the company earned $4.88 EPS. The firm’s revenue was up 2.0% on a year-over-year basis. Equities research analysts predict that Goldman Sachs Group, Inc. will post $19.07 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, November 30th will be given a dividend of $0.75 per share. The ex-dividend date is Wednesday, November 29th. This represents a $3.00 dividend on an annualized basis and a yield of 1.24%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio (DPR) is 15.63%.

Goldman Sachs Group, Inc. (The) 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.

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

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