Lingohr & Partner Asset Management GmbH lessened its position in Goldman Sachs Group Inc (NYSE:GS) by 15.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,438 shares of the investment management company’s stock after selling 998 shares during the period. Lingohr & Partner Asset Management GmbH’s holdings in Goldman Sachs Group were worth $1,219,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Moneta Group Investment Advisors LLC boosted its stake in shares of Goldman Sachs Group by 7,719.0% in the 2nd quarter. Moneta Group Investment Advisors LLC now owns 23,457 shares of the investment management company’s stock valued at $104,000 after purchasing an additional 23,157 shares in the last quarter. Zions Bancorporation acquired a new position in Goldman Sachs Group during the 2nd quarter worth about $109,000. First Mercantile Trust Co. acquired a new position in Goldman Sachs Group during the 2nd quarter worth about $110,000. Squar Milner Financial Services LLC acquired a new position in Goldman Sachs Group during the 2nd quarter worth about $157,000. Finally, Canton Hathaway LLC acquired a new position in Goldman Sachs Group during the 3rd quarter worth about $174,000. Institutional investors own 70.99% of the company’s stock.
Several research analysts recently issued reports on GS shares. JPMorgan Chase & Co. reiterated a “buy” rating and set a $285.00 price target on shares of Goldman Sachs Group in a research report on Tuesday. Zacks Investment Research upgraded shares of Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $259.00 price target on the stock in a research report on Friday, July 20th. Wells Fargo & Co reiterated a “buy” rating on shares of Goldman Sachs Group in a research report on Thursday, September 20th. Societe Generale upgraded shares of Goldman Sachs Group from a “sell” rating to a “hold” rating in a research report on Wednesday, July 18th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Goldman Sachs Group from $260.00 to $255.00 and set a “hold” rating on the stock in a research report on Wednesday, July 18th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $276.90.
In other Goldman Sachs Group news, insider David M. Solomon sold 8,488 shares of the business’s stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $237.92, for a total transaction of $2,019,464.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.71% of the company’s stock.
NYSE:GS traded down $0.96 on Thursday, hitting $227.32. 27,996 shares of the stock were exchanged, compared to its average volume of 3,138,609. The stock has a market capitalization of $84.66 billion, a P/E ratio of 11.53, a P/E/G ratio of 0.72 and a beta of 1.28. Goldman Sachs Group Inc has a 52 week low of $210.95 and a 52 week high of $275.31. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 3.02.
Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Tuesday, October 16th. The investment management company reported $6.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $5.38 by $0.90. The firm had revenue of $8.65 billion during the quarter, compared to analysts’ expectations of $8.43 billion. Goldman Sachs Group had a return on equity of 13.58% and a net margin of 15.72%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the business posted $5.02 EPS. As a group, equities analysts predict that Goldman Sachs Group Inc will post 24.69 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, November 30th will be issued a dividend of $0.80 per share. The ex-dividend date is Thursday, November 29th. This represents a $3.20 annualized dividend and a yield of 1.41%. Goldman Sachs Group’s dividend payout ratio is currently 16.19%.
About Goldman Sachs Group
The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.
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