Goldman Sachs Group Inc (GS) Shares Sold by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System decreased its position in shares of Goldman Sachs Group Inc (NYSE:GS) by 0.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 545,953 shares of the investment management company’s stock after selling 3,267 shares during the quarter. State Board of Administration of Florida Retirement System owned 0.14% of Goldman Sachs Group worth $129,495,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of GS. Whalerock Point Partners LLC raised its position in shares of Goldman Sachs Group by 24.9% during the 3rd quarter. Whalerock Point Partners LLC now owns 2,135 shares of the investment management company’s stock valued at $506,000 after purchasing an additional 425 shares during the period. Wedge Capital Management L L P NC raised its position in shares of Goldman Sachs Group by 3.5% during the 3rd quarter. Wedge Capital Management L L P NC now owns 143,033 shares of the investment management company’s stock valued at $33,926,000 after purchasing an additional 4,889 shares during the period. Ausdal Financial Partners Inc. raised its position in shares of Goldman Sachs Group by 28.1% during the 3rd quarter. Ausdal Financial Partners Inc. now owns 1,164 shares of the investment management company’s stock valued at $276,000 after purchasing an additional 255 shares during the period. Channing Capital Management LLC increased its holdings in Goldman Sachs Group by 3.3% in the 3rd quarter. Channing Capital Management LLC now owns 35,718 shares of the investment management company’s stock valued at $8,472,000 after acquiring an additional 1,155 shares during the last quarter. Finally, Middleton & Co Inc MA bought a new stake in Goldman Sachs Group in the 3rd quarter valued at $1,667,000. Hedge funds and other institutional investors own 73.35% of the company’s stock.

A number of analysts have issued reports on the stock. Citigroup reiterated a “neutral” rating and issued a $250.00 price target (up from $225.00) on shares of Goldman Sachs Group in a report on Monday, October 9th. Credit Suisse Group cut shares of Goldman Sachs Group from an “outperform” rating to a “neutral” rating and lifted their price objective for the stock from $240.00 to $255.00 in a research note on Monday, October 9th. They noted that the move was a valuation call. BMO Capital Markets reaffirmed a “hold” rating and set a $202.00 price target on shares of Goldman Sachs Group in a research note on Friday, October 6th. Bank of America lifted their price target on shares of Goldman Sachs Group from $290.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Zacks Investment Research lowered shares of Goldman Sachs Group from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $246.10.

In related news, VP Gregory K. Palm sold 4,620 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $238.99, for a total value of $1,104,133.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Vice Chairman Richard J. Gnodde sold 4,951 shares of Goldman Sachs Group stock in a transaction 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 disclosure for this sale can be found here. In the last three months, insiders sold 135,177 shares of company stock valued at $32,435,160. Insiders own 2.57% of the company’s stock.

Shares of Goldman Sachs Group Inc (NYSE GS) traded up $2.61 on Thursday, hitting $248.56. 2,666,379 shares of the company were exchanged, compared to its average volume of 3,284,350. The company has a debt-to-equity ratio of 2.82, a current ratio of 0.90 and a quick ratio of 0.90. Goldman Sachs Group Inc has a 12-month low of $209.62 and a 12-month high of $255.15. The stock has a market capitalization of $93,670.45, a price-to-earnings ratio of 12.93, a P/E/G ratio of 1.26 and a beta of 1.47.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend is Wednesday, November 29th. Goldman Sachs Group’s payout ratio is 15.63%.

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About Goldman Sachs Group

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 (NYSE:GS)

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