Amalgamated Bank Has $9.97 Million Holdings in Goldman Sachs Group Inc (GS)

Amalgamated Bank trimmed its position in shares of Goldman Sachs Group Inc (NYSE:GS) by 2.4% in the third quarter, HoldingsChannel.com reports. The firm owned 44,480 shares of the investment management company’s stock after selling 1,073 shares during the period. Amalgamated Bank’s holdings in Goldman Sachs Group were worth $9,974,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Prio Wealth Limited Partnership lifted its stake in shares of Goldman Sachs Group by 3.5% in the 3rd quarter. Prio Wealth Limited Partnership now owns 127,554 shares of the investment management company’s stock worth $28,602,000 after acquiring an additional 4,344 shares during the period. Dubuque Bank & Trust Co. lifted its stake in shares of Goldman Sachs Group by 935.0% in the 3rd quarter. Dubuque Bank & Trust Co. now owns 18,703 shares of the investment management company’s stock worth $4,194,000 after acquiring an additional 16,896 shares during the period. Virtu Financial LLC lifted its stake in shares of Goldman Sachs Group by 72.0% in the 3rd quarter. Virtu Financial LLC now owns 12,537 shares of the investment management company’s stock worth $1,317,725,000 after acquiring an additional 5,248 shares during the period. Smithbridge Asset Management Inc. DE lifted its stake in shares of Goldman Sachs Group by 15.6% in the 3rd quarter. Smithbridge Asset Management Inc. DE now owns 10,191 shares of the investment management company’s stock worth $2,285,000 after acquiring an additional 1,375 shares during the period. Finally, Pillar Pacific Capital Management LLC lifted its stake in shares of Goldman Sachs Group by 2.5% in the 3rd quarter. Pillar Pacific Capital Management LLC now owns 32,662 shares of the investment management company’s stock worth $7,324,000 after acquiring an additional 785 shares during the period. 70.94% of the stock is owned by hedge funds and other institutional investors.

GS stock opened at $184.09 on Friday. Goldman Sachs Group Inc has a 52-week low of $180.15 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 3.04. The company has a market cap of $68.56 billion, a PE ratio of 9.32, a PEG ratio of 0.60 and a beta of 1.11.

Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Tuesday, October 16th. The investment management company reported $6.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $5.38 by $0.90. Goldman Sachs Group had a net margin of 16.68% and a return on equity of 14.10%. The business had revenue of $8.65 billion for the quarter, compared to analyst estimates of $8.43 billion. During the same quarter in the previous year, the business earned $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 25.33 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, November 30th will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.74%. Goldman Sachs Group’s dividend payout ratio is currently 16.19%.

A number of analysts have recently weighed in on GS shares. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $285.00 price target on shares of Goldman Sachs Group in a research note on Monday, September 10th. Zacks Investment Research lowered shares of Goldman Sachs Group from a “buy” rating to a “hold” rating in a research note on Wednesday, September 12th. Wells Fargo & Co reissued a “buy” rating on shares of Goldman Sachs Group in a research note on Thursday, September 20th. Wolfe Research began coverage on shares of Goldman Sachs Group in a research note on Tuesday, September 25th. They set an “outperform” rating for the company. Finally, BMO Capital Markets increased their target price on shares of Goldman Sachs Group from $261.00 to $276.00 and gave the company a “market perform” rating in a research note on Wednesday, October 17th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $273.27.

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

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