Public Employees Retirement System of Ohio decreased its position in shares of Goldman Sachs Group Inc (NYSE:GS) by 1.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 263,956 shares of the investment management company’s stock after selling 4,604 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.07% of Goldman Sachs Group worth $62,608,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Northwest Quadrant Wealth Management LLC bought a new stake in shares of Goldman Sachs Group in the 2nd quarter valued at $407,000. Sumitomo Mitsui Financial Group Inc. bought a new stake in shares of Goldman Sachs Group in the 2nd quarter valued at $101,000. Sterling Investment Advisors Ltd. increased its stake in shares of Goldman Sachs Group by 35.7% in the 2nd 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. bought a new stake in shares of Goldman Sachs Group in the 2nd quarter valued at $111,000. Finally, Gs Investments Inc. bought a new stake in shares of Goldman Sachs Group in the 2nd quarter valued at $111,000. Hedge funds and other institutional investors own 73.27% of the company’s stock.
Goldman Sachs Group Inc (NYSE:GS) traded up $0.80 on Thursday, reaching $255.13. 2,420,000 shares of the company’s stock were exchanged, compared to its average volume of 2,890,000. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 2.82. The stock has a market cap of $96,240.00, a P/E ratio of 13.25, a price-to-earnings-growth ratio of 1.02 and a beta of 1.47. 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 posted its quarterly earnings data on Tuesday, October 17th. The investment management company reported $5.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 business’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.88 EPS. sell-side analysts forecast that Goldman Sachs Group Inc will post 19.02 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Thursday, November 30th were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend was Wednesday, November 29th. Goldman Sachs Group’s dividend payout ratio is 15.58%.
Several analysts have recently weighed in on GS shares. JMP Securities reiterated a “market perform” rating on shares of Goldman Sachs Group in a research note on Wednesday, September 13th. JPMorgan Chase & Co. set a $260.00 price objective on shares of Goldman Sachs Group and gave the company a “buy” rating in a research note on Friday, September 15th. Zacks Investment Research lowered shares of Goldman Sachs Group from a “hold” rating to a “sell” rating in a research note on Thursday, September 21st. BMO Capital Markets reiterated a “hold” rating and issued a $202.00 price objective on shares of Goldman Sachs Group in a research note on Friday, October 6th. Finally, Credit Suisse Group lowered shares of Goldman Sachs Group from an “outperform” rating to a “neutral” rating and lifted their price objective for the company from $240.00 to $255.00 in a research note on Monday, October 9th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $251.90.
In other Goldman Sachs Group news, VP Gregory K. Palm sold 4,620 shares of Goldman Sachs Group stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $238.99, for a total transaction of $1,104,133.80. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider David M. Solomon sold 12,707 shares of Goldman Sachs Group stock in a transaction on Friday, November 24th. The stock was sold at an average price of $237.94, for a total transaction of $3,023,503.58. The disclosure for this sale can be found here. Insiders have sold a total of 135,177 shares of company stock worth $32,435,160 over the last ninety days. Insiders own 2.57% of the company’s stock.
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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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