Maltese Capital Management LLC Takes Position in Goldman Sachs Group Inc (GS)

Maltese Capital Management LLC bought a new position in Goldman Sachs Group Inc (NYSE:GS) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,000 shares of the investment management company’s stock, valued at approximately $2,372,000.

Several other hedge funds and other institutional investors have also bought and sold shares of GS. BlackRock Inc. boosted its position in Goldman Sachs Group by 3,301.2% during the 1st quarter. BlackRock Inc. now owns 24,569,536 shares of the investment management company’s stock valued at $5,644,114,000 after acquiring an additional 23,847,154 shares in the last quarter. Janus Henderson Group PLC boosted its position in Goldman Sachs Group by 4,096.0% during the 2nd quarter. Janus Henderson Group PLC now owns 2,475,978 shares of the investment management company’s stock valued at $549,415,000 after acquiring an additional 2,416,970 shares in the last quarter. New England Asset Management Inc. boosted its position in Goldman Sachs Group by 440.8% during the 1st 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 acquiring an additional 1,900,000 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Goldman Sachs Group by 47.1% during the 2nd 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 acquiring an additional 1,152,869 shares in the last quarter. Finally, Harbour Capital Advisors LLC boosted its position in Goldman Sachs Group by 22,290.9% during the 2nd quarter. Harbour Capital Advisors LLC now owns 1,113,050 shares of the investment management company’s stock valued at $5,016,000 after acquiring an additional 1,108,079 shares in the last quarter. 73.35% of the stock is currently owned by institutional investors.

Several analysts have weighed in on GS shares. Zacks Investment Research raised Goldman Sachs Group from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. Royal Bank of Canada reissued a “hold” rating and issued a $240.00 price target on shares of Goldman Sachs Group in a research report on Thursday, August 31st. TheStreet cut Goldman Sachs Group from a “b” rating to a “c+” rating in a research report on Thursday, September 7th. JMP Securities reissued a “market perform” rating on shares of Goldman Sachs Group in a research report on Wednesday, September 13th. Finally, J P Morgan Chase & Co set a $260.00 price target on Goldman Sachs Group and gave the stock a “buy” rating in a research report on Friday, September 15th. Two 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 stock currently has an average rating of “Hold” and an average price target of $246.10.

Shares of Goldman Sachs Group Inc (GS) traded down $2.12 during midday trading on Thursday, reaching $255.56. 3,482,300 shares of the company were exchanged, compared to its average volume of 3,272,948. Goldman Sachs Group Inc has a 52 week low of $209.62 and a 52 week high of $260.50. The stock has a market cap of $97,197.28, a price-to-earnings ratio of 13.42, a P/E/G ratio of 1.31 and a beta of 1.47. The company has a debt-to-equity ratio of 2.82, a quick ratio of 0.90 and a current ratio of 0.90.

Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data 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. 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 period in the previous year, the business earned $4.88 EPS. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. equities research analysts predict that Goldman Sachs Group Inc will post 19.03 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, November 30th will be issued 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 1.17%. Goldman Sachs Group’s payout ratio is currently 15.63%.

In related news, VP Gregory K. Palm sold 4,620 shares of the business’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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction of $4,956,873.72. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 135,177 shares of company stock valued at $32,435,160. 2.57% of the stock is owned by company 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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Institutional Ownership by Quarter for Goldman Sachs Group (NYSE:GS)

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