Goldman Sachs Group, Inc. (The) (GS) Stake Lowered by Nationwide Fund Advisors

Nationwide Fund Advisors cut its stake in Goldman Sachs Group, Inc. (The) (NYSE:GS) by 11.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 303,160 shares of the investment management company’s stock after selling 39,404 shares during the period. Nationwide Fund Advisors owned 0.08% of Goldman Sachs Group, Inc. (The) worth $67,271,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in GS. Courier Capital LLC grew its position in shares of Goldman Sachs Group, Inc. (The) by 10.2% during the 2nd quarter. Courier Capital LLC now owns 4,870 shares of the investment management company’s stock worth $1,081,000 after buying an additional 450 shares during the period. King Luther Capital Management Corp grew its position in shares of Goldman Sachs Group, Inc. (The) by 0.4% during the 2nd quarter. King Luther Capital Management Corp now owns 1,725 shares of the investment management company’s stock worth $383,000 after buying an additional 7 shares during the period. Dorsey & Whitney Trust CO LLC grew its position in shares of Goldman Sachs Group, Inc. (The) by 0.6% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 3,751 shares of the investment management company’s stock worth $833,000 after buying an additional 22 shares during the period. Norinchukin Bank The grew its position in shares of Goldman Sachs Group, Inc. (The) by 2.5% during the 2nd quarter. Norinchukin Bank The now owns 51,860 shares of the investment management company’s stock worth $11,508,000 after buying an additional 1,276 shares during the period. Finally, Ameriprise Financial Inc. grew its position in shares of Goldman Sachs Group, Inc. (The) by 21.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,121,193 shares of the investment management company’s stock worth $470,546,000 after buying an additional 377,435 shares during the period. 73.34% of the stock is owned by institutional investors.



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GS has been the subject of several analyst reports. TheStreet upgraded shares of Goldman Sachs Group, Inc. (The) from a “c+” rating to a “b” rating in a research report on Friday, October 13th. Capital One Financial Corporation reiterated a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a research report on Tuesday, July 11th. Deutsche Bank AG reiterated a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a research report on Monday, July 3rd. JPMorgan Chase & Co. set a $260.00 price target on shares of Goldman Sachs Group, Inc. (The) and gave the stock a “buy” rating in a research report on Friday, September 15th. Finally, Zacks Investment Research upgraded shares of Goldman Sachs Group, Inc. (The) 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. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Goldman Sachs Group, Inc. (The) currently has a consensus rating of “Hold” and an average target price of $244.98.

In other Goldman Sachs Group, Inc. (The) news, Director David A. Viniar sold 4,590 shares of the firm’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 transaction, the director now directly owns 854,925 shares in the company, valued at approximately $194,743,365.75. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David A. Viniar sold 7,393 shares of the firm’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $245.18, for a total value of $1,812,615.74. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 62,879 shares of company stock worth $15,082,476. Company insiders own 2.57% of the company’s stock.

Shares of Goldman Sachs Group, Inc. (NYSE GS) opened at 241.72 on Friday. The firm’s 50-day moving average is $234.68 and its 200 day moving average is $226.05. Goldman Sachs Group, Inc. has a 52-week low of $174.73 and a 52-week high of $255.15. The company has a market capitalization of $93.84 billion, a price-to-earnings ratio of 12.59 and a beta of 1.41.

Goldman Sachs Group, Inc. (The) (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, beating the consensus estimate 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 business had revenue of $8.33 billion during the quarter, compared to the consensus estimate of $7.59 billion. During the same quarter last year, the firm posted $4.88 EPS. Goldman Sachs Group, Inc. (The)’s revenue was up 2.0% compared to the same quarter last year. On average, equities research analysts anticipate that Goldman Sachs Group, Inc. will post $19.07 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 paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.24%. The ex-dividend date is Wednesday, November 29th. Goldman Sachs Group, Inc. (The)’s dividend payout ratio (DPR) is presently 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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