Gulf International Bank UK Ltd Has $27.52 Million Holdings in Goldman Sachs Group Inc (GS)

Gulf International Bank UK Ltd raised its stake in shares of Goldman Sachs Group Inc (NYSE:GS) by 5.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 122,704 shares of the investment management company’s stock after buying an additional 6,470 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Goldman Sachs Group were worth $27,515,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. HM Payson & Co. raised its position in shares of Goldman Sachs Group by 15.9% in the 2nd quarter. HM Payson & Co. now owns 1,551 shares of the investment management company’s stock worth $342,000 after buying an additional 213 shares during the period. Advisors Asset Management Inc. raised its position in shares of Goldman Sachs Group by 1.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 14,452 shares of the investment management company’s stock worth $3,188,000 after buying an additional 214 shares during the period. Physicians Financial Services Inc. raised its position in shares of Goldman Sachs Group by 16.5% in the 2nd quarter. Physicians Financial Services Inc. now owns 1,515 shares of the investment management company’s stock worth $334,000 after buying an additional 215 shares during the period. AJ Wealth Strategies LLC raised its position in shares of Goldman Sachs Group by 2.2% in the 2nd quarter. AJ Wealth Strategies LLC now owns 10,218 shares of the investment management company’s stock worth $2,260,000 after buying an additional 221 shares during the period. Finally, Manchester Capital Management LLC raised its position in shares of Goldman Sachs Group by 6.1% in the 2nd quarter. Manchester Capital Management LLC now owns 3,943 shares of the investment management company’s stock worth $870,000 after buying an additional 225 shares during the period. Hedge funds and other institutional investors own 71.32% of the company’s stock.

NYSE:GS opened at $228.72 on Tuesday. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.90 and a current ratio of 0.90. Goldman Sachs Group Inc has a 12 month low of $208.40 and a 12 month high of $275.31. The stock has a market capitalization of $86.72 billion, a price-to-earnings ratio of 11.57, a P/E/G ratio of 0.75 and a beta of 1.15.

Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Tuesday, October 16th. The investment management company reported $6.28 EPS for the quarter, beating the consensus estimate of $5.38 by $0.90. Goldman Sachs Group had a return on equity of 13.57% and a net margin of 16.68%. The company had revenue of $8.65 billion for the quarter, compared to analyst estimates of $8.43 billion. During the same period last year, the company posted $5.02 earnings per share. The firm’s revenue was up 3.8% compared to the same quarter last year. Equities research analysts anticipate that Goldman Sachs Group Inc will post 25.32 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, November 30th will be paid a dividend of $0.80 per share. The ex-dividend date is Thursday, November 29th. This represents a $3.20 annualized dividend and a dividend yield of 1.40%. Goldman Sachs Group’s dividend payout ratio is presently 16.19%.

Several research analysts recently weighed in on GS shares. Zacks Investment Research lowered Goldman Sachs Group from a “buy” rating to a “hold” rating in a research report on Monday, July 9th. JPMorgan Chase & Co. reissued a “buy” rating and issued a $280.00 price objective on shares of Goldman Sachs Group in a research report on Tuesday, July 17th. Credit Suisse Group raised Goldman Sachs Group from a “neutral” rating to an “outperform” rating in a research report on Tuesday, July 17th. Keefe, Bruyette & Woods cut their price objective on 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. Finally, Oppenheimer raised their price objective on Goldman Sachs Group from $304.00 to $335.00 and gave the company an “outperform” rating in a research report on Wednesday, July 18th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company’s stock. Goldman Sachs Group has a consensus rating of “Hold” and a consensus target price of $281.84.

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Goldman Sachs Group Company Profile

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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Institutional Ownership by Quarter for Goldman Sachs Group (NYSE:GS)

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