Goldman Sachs Group, Inc. (The) (GS) Shares Sold by Focused Investors LLC

Focused Investors LLC lessened its stake in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) by 2.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 420,200 shares of the investment management company’s stock after selling 12,400 shares during the period. Goldman Sachs Group, Inc. (The) makes up about 4.2% of Focused Investors LLC’s portfolio, making the stock its 13th biggest position. Focused Investors LLC owned approximately 0.11% of Goldman Sachs Group, Inc. (The) worth $99,667,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Rockefeller Financial Services Inc. grew its position in Goldman Sachs Group, Inc. (The) by 8.7% during the 3rd quarter. Rockefeller Financial Services Inc. now owns 7,829 shares of the investment management company’s stock worth $1,857,000 after purchasing an additional 625 shares during the last quarter. Sumitomo Life Insurance Co. grew its position in Goldman Sachs Group, Inc. (The) by 59.5% during the 3rd quarter. Sumitomo Life Insurance Co. now owns 15,410 shares of the investment management company’s stock worth $3,655,000 after purchasing an additional 5,750 shares during the last quarter. Asset Dedication LLC grew its position in Goldman Sachs Group, Inc. (The) by 17.9% during the 3rd quarter. Asset Dedication LLC now owns 2,375 shares of the investment management company’s stock worth $557,000 after purchasing an additional 360 shares during the last quarter. Howe & Rusling Inc. purchased a new stake in Goldman Sachs Group, Inc. (The) during the 3rd quarter worth approximately $142,000. Finally, Locust Wood Capital Advisers LLC grew its position in Goldman Sachs Group, Inc. (The) by 7.3% during the 3rd quarter. Locust Wood Capital Advisers LLC now owns 78,720 shares of the investment management company’s stock worth $18,672,000 after purchasing an additional 5,360 shares during the last quarter. 73.14% of the stock is currently owned by institutional investors.

Shares of Goldman Sachs Group, Inc. (GS) opened at $240.15 on Friday. The company has a market cap of $90,585.05, a PE ratio of 12.51, a PEG ratio of 1.22 and a beta of 1.48. The company has a debt-to-equity ratio of 2.82, a current ratio of 0.90 and a quick ratio of 0.89. Goldman Sachs Group, Inc. has a 12-month low of $198.25 and a 12-month high of $255.15.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last issued its earnings results on Tuesday, October 17th. The investment management company reported $5.02 EPS for the quarter, beating 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, Inc. (The) had a net margin of 26.42% and a return on equity of 11.34%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the business earned $4.88 earnings per share. sell-side analysts anticipate that Goldman Sachs Group, Inc. will post 19.03 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date is Wednesday, November 29th. Goldman Sachs Group, Inc. (The)’s dividend payout ratio (DPR) is 15.63%.

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In other news, Vice Chairman Richard J. Gnodde sold 4,951 shares of the stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David A. Viniar sold 7,393 shares of the stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $245.18, for a total transaction of $1,812,615.74. The disclosure for this sale can be found here. Insiders sold 37,344 shares of company stock valued at $9,125,608 over the last quarter. Company insiders own 2.57% of the company’s stock.

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

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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