Personal Capital Advisors Corp Acquires 6,752 Shares of Goldman Sachs Group, Inc. (The) (GS)

Personal Capital Advisors Corp grew its holdings in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) by 6.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 106,843 shares of the investment management company’s stock after acquiring an additional 6,752 shares during the period. Personal Capital Advisors Corp’s holdings in Goldman Sachs Group, Inc. (The) were worth $25,342,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of GS. BlackRock Inc. grew its position in shares of Goldman Sachs Group, Inc. (The) by 3,301.2% during the 1st quarter. BlackRock Inc. now owns 24,569,536 shares of the investment management company’s stock valued at $5,644,114,000 after acquiring an additional 23,847,154 shares during the period. Janus Henderson Group PLC boosted its holdings in Goldman Sachs Group, Inc. (The) by 4,096.0% in the 2nd quarter. Janus Henderson Group PLC now owns 2,475,978 shares of the investment management company’s stock worth $549,415,000 after buying an additional 2,416,970 shares during the period. New England Asset Management Inc. boosted its holdings in Goldman Sachs Group, Inc. (The) by 440.8% in the 1st quarter. New England Asset Management Inc. now owns 2,331,063 shares of the investment management company’s stock worth $535,492,000 after buying an additional 1,900,000 shares during the period. Alliancebernstein L.P. boosted its holdings in Goldman Sachs Group, Inc. (The) by 84.4% in the 1st quarter. Alliancebernstein L.P. now owns 3,221,215 shares of the investment management company’s stock worth $739,978,000 after buying an additional 1,474,433 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in Goldman Sachs Group, Inc. (The) by 47.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,602,847 shares of the investment management company’s stock worth $799,472,000 after buying an additional 1,152,869 shares during the period. 74.41% of the stock is owned by hedge funds and other institutional investors.

GS has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Goldman Sachs Group, Inc. (The) from a “hold” rating to a “buy” rating and set a $271.00 price target on the stock in a research note on Friday, October 20th. BidaskClub cut shares of Goldman Sachs Group, Inc. (The) from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Wells Fargo & Company initiated coverage on shares of Goldman Sachs Group, Inc. (The) in a research note on Wednesday, August 9th. They issued an “outperform” rating and a $265.00 price target on the stock. Berenberg Bank reiterated a “sell” rating and issued a $190.00 price target on shares of Goldman Sachs Group, Inc. (The) in a research note on Friday, July 21st. Finally, Buckingham Research reiterated a “neutral” rating and issued a $250.00 price target (up previously from $243.00) on shares of Goldman Sachs Group, Inc. (The) in a research note on Wednesday, October 18th. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Goldman Sachs Group, Inc. (The) currently has an average rating of “Hold” and an average price target of $245.06.

Goldman Sachs Group, Inc. (NYSE GS) opened at $240.27 on Tuesday. The company has a debt-to-equity ratio of 2.82, a quick ratio of 0.90 and a current ratio of 0.90. Goldman Sachs Group, Inc. has a one year low of $204.15 and a one year high of $255.15. The stock has a market cap of $90,584.94, a P/E ratio of 12.51, a PEG ratio of 1.22 and a beta of 1.48.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last released its quarterly earnings data on Tuesday, October 17th. The investment management company reported $5.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $4.17 by $0.85. Goldman Sachs Group, Inc. (The) had a net margin of 26.42% and a return on equity of 11.34%. The firm had revenue of $8.33 billion for the quarter, compared to the consensus estimate of $7.59 billion. During the same period last year, the firm earned $4.88 earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis. analysts predict that Goldman Sachs Group, Inc. will post 19.03 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.25%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio is presently 15.63%.

In related news, insider Harvey M. Schwartz sold 25,000 shares of the stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $245.00, for a total transaction of $6,125,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Richard J. Gnodde sold 4,951 shares of the stock in a transaction that occurred on Wednesday, October 18th. The shares were sold at an average price of $239.95, for a total transaction of $1,187,992.45. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,344 shares of company stock worth $9,125,608. Insiders own 2.57% of the company’s stock.

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Goldman Sachs Group, Inc. (The) 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.

Institutional Ownership by Quarter for Goldman Sachs Group, Inc. (The) (NYSE:GS)

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