Goldman Sachs Group, Inc. (The) (GS) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC cut its holdings in Goldman Sachs Group, Inc. (The) (NYSE:GS) by 5.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 993,216 shares of the investment management company’s stock after selling 55,156 shares during the period. Fisher Asset Management LLC owned approximately 0.26% of Goldman Sachs Group, Inc. (The) worth $235,581,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the company. Chicago Partners Investment Group LLC raised its position in shares of Goldman Sachs Group, Inc. (The) by 0.3% in the 1st quarter. Chicago Partners Investment Group LLC now owns 1,052 shares of the investment management company’s stock worth $242,000 after acquiring an additional 3 shares in the last quarter. MV Capital Management Inc. raised its position in shares of Goldman Sachs Group, Inc. (The) by 0.5% in the 2nd quarter. MV Capital Management Inc. now owns 618 shares of the investment management company’s stock worth $137,000 after acquiring an additional 3 shares in the last quarter. Geller Family Office Services LLC raised its position in shares of Goldman Sachs Group, Inc. (The) by 0.3% in the 2nd quarter. Geller Family Office Services LLC now owns 944 shares of the investment management company’s stock worth $209,000 after acquiring an additional 3 shares in the last quarter. Hudock Capital Group LLC raised its position in shares of Goldman Sachs Group, Inc. (The) by 0.4% in the 2nd quarter. Hudock Capital Group LLC now owns 1,134 shares of the investment management company’s stock worth $251,000 after acquiring an additional 4 shares in the last quarter. Finally, FTB Advisors Inc. raised its position in shares of Goldman Sachs Group, Inc. (The) by 0.3% in the 2nd quarter. FTB Advisors Inc. now owns 1,605 shares of the investment management company’s stock worth $360,000 after acquiring an additional 5 shares in the last quarter. 73.14% of the stock is owned by hedge funds and other institutional investors.

In related news, Director David A. Viniar sold 7,393 shares of Goldman Sachs Group, Inc. (The) stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Vice Chairman Richard J. Gnodde sold 4,951 shares of Goldman Sachs Group, Inc. (The) stock in a transaction that occurred on Wednesday, October 18th. The stock was sold at an average price of $239.95, for a total transaction of $1,187,992.45. The disclosure for this sale can be found here. Insiders sold a total of 37,344 shares of company stock worth $9,125,608 in the last ninety days. 2.57% of the stock is currently owned by insiders.

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Shares of Goldman Sachs Group, Inc. (NYSE:GS) opened at $240.15 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 2.82. The company has a market cap of $90,585.05, a P/E ratio of 12.51, a P/E/G ratio of 1.22 and a beta of 1.48. Goldman Sachs Group, Inc. has a 1-year low of $198.25 and a 1-year high of $255.15.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last posted its quarterly earnings results on Tuesday, October 17th. The investment management company reported $5.02 EPS for the quarter, topping analysts’ consensus estimates of $4.17 by $0.85. The company had revenue of $8.33 billion for the quarter, compared to analysts’ expectations of $7.59 billion. Goldman Sachs Group, Inc. (The) had a net margin of 26.42% and a return on equity of 11.34%. Goldman Sachs Group, Inc. (The)’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.88 EPS. analysts expect that Goldman Sachs Group, Inc. will post 19.03 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Investors 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 1.25%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio (DPR) is presently 15.63%.

GS has been the subject of several research analyst reports. TheStreet raised Goldman Sachs Group, Inc. (The) 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 objective on Goldman Sachs Group, Inc. (The) and gave the stock a “buy” rating in a research report on Friday, September 15th. Zacks Investment Research raised Goldman Sachs Group, Inc. (The) from a “hold” rating to a “buy” rating and set a $271.00 price objective for the company in a research report on Friday, October 20th. Royal Bank Of Canada reissued a “hold” rating and issued a $240.00 price objective on shares of Goldman Sachs Group, Inc. (The) in a research report on Thursday, August 31st. Finally, HSBC Holdings plc lowered Goldman Sachs Group, Inc. (The) from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $223.80 to $250.00 in a research report on Friday, August 11th. Three equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $245.06.

About Goldman Sachs Group, Inc. (The)

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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