MUFG Americas Holdings Corp decreased its holdings in Goldman Sachs Group Inc (NYSE:GS) by 18.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 52,403 shares of the investment management company’s stock after selling 12,006 shares during the quarter. MUFG Americas Holdings Corp’s holdings in Goldman Sachs Group were worth $12,429,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in Goldman Sachs Group by 3,301.2% in the first quarter. BlackRock Inc. now owns 24,569,536 shares of the investment management company’s stock valued at $5,644,114,000 after buying an additional 23,847,154 shares during the last quarter. Janus Henderson Group PLC increased its holdings in Goldman Sachs Group by 4,096.0% in the second quarter. Janus Henderson Group PLC now owns 2,475,978 shares of the investment management company’s stock valued at $549,415,000 after buying an additional 2,416,970 shares during the last quarter. New England Asset Management Inc. increased its holdings in Goldman Sachs Group by 440.8% in the first quarter. New England Asset Management Inc. now owns 2,331,063 shares of the investment management company’s stock valued at $535,492,000 after buying an additional 1,900,000 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Goldman Sachs Group by 47.1% in the second quarter. The Manufacturers Life Insurance Company now owns 3,602,847 shares of the investment management company’s stock valued at $799,472,000 after buying an additional 1,152,869 shares during the last quarter. Finally, Harbour Capital Advisors LLC increased its holdings in Goldman Sachs Group by 22,290.9% in the second quarter. Harbour Capital Advisors LLC now owns 1,113,050 shares of the investment management company’s stock valued at $5,016,000 after buying an additional 1,108,079 shares during the last quarter. Institutional investors and hedge funds own 73.35% of the company’s stock.
Several analysts recently weighed in on GS shares. Zacks Investment Research raised Goldman Sachs Group from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. Royal Bank Of Canada reissued a “hold” rating and issued a $240.00 price objective on shares of Goldman Sachs Group in a report on Thursday, August 31st. TheStreet lowered Goldman Sachs Group from a “b” rating to a “c+” rating in a report on Thursday, September 7th. JMP Securities reissued a “market perform” rating on shares of Goldman Sachs Group in a report on Wednesday, September 13th. Finally, J P Morgan Chase & Co set a $260.00 price objective on Goldman Sachs Group and gave the company a “buy” rating in a report on Friday, September 15th. Two 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 issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $246.10.
Shares of Goldman Sachs Group Inc (GS) opened at $250.35 on Friday. The firm has a market capitalization of $94,432.52, a P/E ratio of 13.04, a price-to-earnings-growth ratio of 1.27 and a beta of 1.47. 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 52-week low of $209.62 and a 52-week high of $255.15.
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 analysts’ consensus estimates of $4.17 by $0.85. The firm 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%. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.88 earnings per share. equities analysts predict that Goldman Sachs Group Inc will post 19.03 EPS for the current fiscal year.
The company also recently announced 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 dividend on an annualized basis and a yield of 1.20%. Goldman Sachs Group’s dividend payout ratio (DPR) is 15.63%.
In other Goldman Sachs Group news, VP Gregory K. Palm sold 4,620 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $238.99, for a total value of $1,104,133.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David M. Solomon sold 12,707 shares of the company’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $237.94, for a total value of $3,023,503.58. The disclosure for this sale can be found here. Insiders sold 135,177 shares of company stock valued at $32,435,160 over the last 90 days. 2.57% of the stock is currently owned by insiders.
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Goldman Sachs Group 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.
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