State Board of Administration of Florida Retirement System Decreases Stake in Goldman Sachs Group, Inc. (The) (GS)

State Board of Administration of Florida Retirement System reduced its holdings in Goldman Sachs Group, Inc. (The) (NYSE:GS) by 0.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 545,953 shares of the investment management company’s stock after selling 3,267 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.14% of Goldman Sachs Group, Inc. (The) worth $129,495,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the company. BlackRock Inc. increased its position in Goldman Sachs Group, Inc. (The) by 3,301.2% during the first quarter. BlackRock Inc. now owns 24,569,536 shares of the investment management company’s stock worth $5,644,114,000 after purchasing an additional 23,847,154 shares during the last quarter. Janus Henderson Group PLC increased its position in Goldman Sachs Group, Inc. (The) by 4,096.0% during the second quarter. Janus Henderson Group PLC now owns 2,475,978 shares of the investment management company’s stock worth $549,415,000 after purchasing an additional 2,416,970 shares during the last quarter. New England Asset Management Inc. increased its position in Goldman Sachs Group, Inc. (The) by 440.8% during the first quarter. New England Asset Management Inc. now owns 2,331,063 shares of the investment management company’s stock worth $535,492,000 after purchasing an additional 1,900,000 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Goldman Sachs Group, Inc. (The) by 47.1% during the second quarter. The Manufacturers Life Insurance Company now owns 3,602,847 shares of the investment management company’s stock worth $799,472,000 after purchasing an additional 1,152,869 shares during the last quarter. Finally, Harbour Capital Advisors LLC increased its position in Goldman Sachs Group, Inc. (The) by 22,290.9% during the second quarter. Harbour Capital Advisors LLC now owns 1,113,050 shares of the investment management company’s stock worth $5,016,000 after purchasing an additional 1,108,079 shares during the last quarter. 74.01% of the stock is currently owned by hedge funds and other institutional investors.

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In other news, Vice Chairman Richard J. Gnodde sold 4,951 shares of the business’s stock in a transaction that occurred on Wednesday, October 18th. The shares were sold at an average price of $239.95, for a total transaction of $1,187,992.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider David M. Solomon sold 2,400 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $238.49, for a total transaction of $572,376.00. The disclosure for this sale can be found here. Insiders have sold a total of 39,744 shares of company stock valued at $9,697,984 in the last 90 days. Insiders own 2.57% of the company’s stock.

Several research firms recently issued reports on GS. J P Morgan Chase & Co restated a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a research report on Monday. Royal Bank Of Canada restated a “hold” rating and set a $240.00 price objective on shares of Goldman Sachs Group, Inc. (The) in a research report on Wednesday, November 15th. Zacks Investment Research upgraded shares of Goldman Sachs Group, Inc. (The) from a “hold” rating to a “buy” rating and set a $273.00 price objective for the company in a research report on Tuesday, November 7th. Vertical Group cut shares of Goldman Sachs Group, Inc. (The) from a “hold” rating to a “sell” rating in a research report on Monday, November 6th. Finally, Societe Generale set a $198.00 price target on shares of Goldman Sachs Group, Inc. (The) and gave the company a “sell” rating in a research report on Thursday, October 19th. Three investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $245.06.

Goldman Sachs Group, Inc. (NYSE GS) opened at $238.02 on Wednesday. The stock has a market cap of $89,823.00, a P/E ratio of 12.40, a P/E/G ratio of 1.21 and a beta of 1.48. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 2.82. Goldman Sachs Group, Inc. has a 12 month low of $209.37 and a 12 month high of $255.15.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last issued its quarterly earnings data on Tuesday, October 17th. The investment management company reported $5.02 earnings per share for the quarter, topping the consensus estimate of $4.17 by $0.85. The business had revenue of $8.33 billion during the quarter, compared to the consensus estimate 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 revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.88 EPS. equities research analysts forecast that Goldman Sachs Group, Inc. will post 19.03 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $3.00 annualized dividend and a dividend yield of 1.26%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio is presently 15.63%.

Goldman Sachs Group, Inc. (The) Company 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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