Mitsubishi UFJ Trust & Banking Corp boosted its position in Goldman Sachs Group Inc (NYSE:GS) by 1.7% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 895,111 shares of the investment management company’s stock after acquiring an additional 15,150 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.24% of Goldman Sachs Group worth $212,311,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the stock. Commonwealth Bank of Australia grew its holdings in Goldman Sachs Group by 5.9% during the 3rd quarter. Commonwealth Bank of Australia now owns 79,023 shares of the investment management company’s stock valued at $18,738,000 after buying an additional 4,390 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new position in Goldman Sachs Group during the 3rd quarter valued at about $11,765,000. Zeke Capital Advisors LLC grew its holdings in Goldman Sachs Group by 93.5% during the 3rd quarter. Zeke Capital Advisors LLC now owns 5,786 shares of the investment management company’s stock valued at $1,372,000 after buying an additional 2,796 shares in the last quarter. Amalgamated Bank grew its holdings in Goldman Sachs Group by 1.7% during the 3rd quarter. Amalgamated Bank now owns 42,049 shares of the investment management company’s stock valued at $9,974,000 after buying an additional 709 shares in the last quarter. Finally, Hartland & Co. LLC purchased a new position in Goldman Sachs Group during the 3rd quarter valued at about $259,000. Institutional investors and hedge funds own 73.35% of the company’s stock.
Shares of Goldman Sachs Group Inc (GS) opened at $250.35 on Friday. The firm has a market capitalization of $93,757.20, a P/E ratio of 12.95, a P/E/G ratio of 1.26 and a beta of 1.47. Goldman Sachs Group Inc has a 12-month low of $209.62 and a 12-month high of $255.15. 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 (NYSE:GS) last released its earnings results on Tuesday, October 17th. The investment management company reported $5.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.17 by $0.85. The company had revenue of $8.33 billion during the quarter, compared to the consensus estimate of $7.59 billion. Goldman Sachs Group had a return on equity of 11.34% and a net margin of 26.42%. Goldman Sachs Group’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company 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 disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, November 30th will be given a $0.75 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $3.00 annualized dividend and a yield of 1.20%. Goldman Sachs Group’s payout ratio is currently 15.63%.
In other Goldman Sachs Group news, Chairman Lloyd C. Blankfein sold 20,794 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $238.38, for a total value of $4,956,873.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David M. Solomon sold 2,400 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $238.49, for a total value of $572,376.00. The disclosure for this sale can be found here. Insiders sold 135,177 shares of company stock valued at $32,435,160 in the last quarter. Corporate insiders own 2.57% of the company’s stock.
A number of research firms have weighed in on GS. Vertical Group raised Goldman Sachs Group from a “sell” rating to a “hold” rating in a report on Friday. Bank of America lifted their target price on Goldman Sachs Group from $290.00 to $300.00 and gave the company a “buy” rating in a report on Thursday. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Goldman Sachs Group in a report on Monday, November 20th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $240.00 target price on shares of Goldman Sachs Group in a report on Wednesday, November 15th. Finally, Zacks Investment Research raised Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $273.00 price objective for the company in a report on Tuesday, November 7th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $246.10.
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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.
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