Chevy Chase Trust Holdings Inc. lifted its position in shares of Goldman Sachs Group Inc (NYSE:GS) by 1.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 548,739 shares of the investment management company’s stock after acquiring an additional 6,437 shares during the period. Chevy Chase Trust Holdings Inc. owned about 0.15% of Goldman Sachs Group worth $130,157,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of GS. BlackRock Inc. raised its position in shares of 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 raised its position in shares of 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. raised its position in shares of 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 raised its position in shares of 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 increased its position 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 worth $5,016,000 after buying an additional 1,108,079 shares during the period. 73.35% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider David M. Solomon sold 12,707 shares of the firm’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $237.94, for a total transaction of $3,023,503.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director David A. Viniar sold 7,393 shares of the firm’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $245.18, for a total value of $1,812,615.74. 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. Company insiders own 2.57% of the company’s stock.
Several equities research analysts have weighed in on the company. Buckingham Research reaffirmed a “neutral” rating and issued a $250.00 target price (up from $243.00) on shares of Goldman Sachs Group in a research report on Wednesday, October 18th. Bank of America increased their target price on Goldman Sachs Group from $290.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, December 7th. Vertical Group raised Goldman Sachs Group from a “sell” rating to a “hold” rating in a research report on Friday, December 8th. Citigroup reaffirmed a “neutral” rating and issued a $250.00 target price (up from $225.00) on shares of Goldman Sachs Group in a research report on Monday, October 9th. Finally, TheStreet lowered Goldman Sachs Group from a “b” rating to a “c+” rating in a research report on Thursday, September 7th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $246.10.
Goldman Sachs Group Inc (NYSE:GS) traded down $0.08 during trading hours on Friday, hitting $255.48. The stock had a trading volume of 3,353,100 shares, compared to its average volume of 3,273,281. Goldman Sachs Group Inc has a 12 month low of $209.62 and a 12 month high of $260.50. The company has a market capitalization of $96,397.62, a PE ratio of 13.31, a price-to-earnings-growth ratio of 1.30 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 released its quarterly earnings results on Tuesday, October 17th. The investment management company reported $5.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.17 by $0.85. Goldman Sachs Group had a return on equity of 11.34% and a net margin of 26.42%. The company had revenue of $8.33 billion during the quarter, compared to analysts’ expectations of $7.59 billion. During the same quarter in the prior year, the business posted $4.88 earnings per share. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. equities analysts expect that Goldman Sachs Group Inc will post 19.03 EPS for the current fiscal year.
The firm also recently declared 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. The ex-dividend date is Wednesday, November 29th. This represents a $3.00 annualized dividend and a dividend yield of 1.17%. Goldman Sachs Group’s payout ratio is 15.63%.
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Goldman Sachs Group 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.
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