AXA boosted its stake in shares of Goldman Sachs Group Inc (NYSE:GS) by 17.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,355 shares of the investment management company’s stock after buying an additional 15,615 shares during the quarter. AXA’s holdings in Goldman Sachs Group were worth $25,463,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Northwest Quadrant Wealth Management LLC purchased a new position in Goldman Sachs Group during the second quarter worth about $407,000. Sumitomo Mitsui Financial Group Inc. acquired a new stake in Goldman Sachs Group in the second quarter valued at approximately $101,000. Sterling Investment Advisors Ltd. raised its holdings in Goldman Sachs Group by 35.7% in the second quarter. Sterling Investment Advisors Ltd. now owns 475 shares of the investment management company’s stock valued at $105,000 after acquiring an additional 125 shares in the last quarter. Shine Investment Advisory Services Inc. acquired a new stake in Goldman Sachs Group in the second quarter valued at approximately $111,000. Finally, Gs Investments Inc. acquired a new stake in Goldman Sachs Group in the second quarter valued at approximately $111,000. Institutional investors and hedge funds own 73.27% of the company’s stock.
In related news, Chairman Lloyd C. Blankfein sold 20,794 shares of the company’s stock in a transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David M. Solomon sold 12,707 shares of the company’s stock in a transaction 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. In the last ninety days, insiders have sold 135,177 shares of company stock valued at $32,435,160. 2.57% of the stock is currently owned by insiders.
A number of equities research analysts have commented on the company. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $240.00 target price on shares of Goldman Sachs Group in a report on Thursday, October 19th. Zacks Investment Research cut Goldman Sachs Group from a “hold” rating to a “sell” rating in a report on Thursday, September 21st. BMO Capital Markets reiterated a “hold” rating and set a $202.00 target price on shares of Goldman Sachs Group in a report on Friday, October 6th. JPMorgan Chase & Co. set a $260.00 target price on Goldman Sachs Group and gave the stock a “buy” rating in a report on Friday, September 15th. Finally, Wells Fargo & Co restated an “outperform” rating and issued a $295.00 price target (up previously from $265.00) on shares of Goldman Sachs Group in a report on Wednesday, December 20th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $251.90.
Shares of Goldman Sachs Group Inc (GS) traded up $0.89 during trading hours on Thursday, hitting $255.13. 2,420,000 shares of the company’s stock were exchanged, compared to its average volume of 2,890,000. The stock has a market cap of $96,240.00, a PE ratio of 13.25, a P/E/G ratio of 1.02 and a beta of 1.47. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 2.82. Goldman Sachs Group Inc has a 1-year low of $209.62 and a 1-year high of $262.14.
Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Tuesday, October 17th. The investment management company reported $5.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.17 by $0.85. The firm had revenue of $8.33 billion for the quarter, compared to the consensus estimate of $7.59 billion. Goldman Sachs Group had a net margin of 26.42% and a return on equity of 11.34%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.88 EPS. equities research analysts forecast that Goldman Sachs Group Inc will post 19.02 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Thursday, November 30th were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend was Wednesday, November 29th. Goldman Sachs Group’s dividend payout ratio (DPR) is presently 15.58%.
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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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