Goldman Sachs Group, Inc. (The) (GS) Holdings Raised by IFP Advisors Inc

IFP Advisors Inc boosted its position in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) by 20.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,571 shares of the investment management company’s stock after acquiring an additional 1,265 shares during the period. IFP Advisors Inc’s holdings in Goldman Sachs Group, Inc. (The) were worth $1,796,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GS. AXA raised its position in shares of Goldman Sachs Group, Inc. (The) by 3.7% during the first quarter. AXA now owns 91,341 shares of the investment management company’s stock valued at $20,983,000 after buying an additional 3,245 shares during the last quarter. Boston Private Wealth LLC raised its position in shares of Goldman Sachs Group, Inc. (The) by 4.6% during the first quarter. Boston Private Wealth LLC now owns 6,278 shares of the investment management company’s stock valued at $1,442,000 after buying an additional 275 shares during the last quarter. Suffolk Capital Management LLC raised its position in shares of Goldman Sachs Group, Inc. (The) by 16.3% during the first quarter. Suffolk Capital Management LLC now owns 64,600 shares of the investment management company’s stock valued at $14,840,000 after buying an additional 9,054 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in shares of Goldman Sachs Group, Inc. (The) by 1,124.6% during the first quarter. O Shaughnessy Asset Management LLC now owns 12,968 shares of the investment management company’s stock valued at $2,979,000 after buying an additional 11,909 shares during the last quarter. Finally, National Mutual Insurance Federation of Agricultural Cooperatives bought a new stake in shares of Goldman Sachs Group, Inc. (The) during the first quarter valued at approximately $2,090,000. Institutional investors own 74.01% of the company’s stock.

In related news, insider David M. Solomon sold 2,400 shares of Goldman Sachs Group, Inc. (The) stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $238.49, for a total value of $572,376.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Harvey M. Schwartz sold 25,000 shares of Goldman Sachs Group, Inc. (The) stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $245.00, for a total value of $6,125,000.00. The disclosure for this sale can be found here. Insiders sold 39,744 shares of company stock valued at $9,697,984 over the last 90 days. 2.57% of the stock is currently owned by corporate insiders.

Shares of Goldman Sachs Group, Inc. (NYSE:GS) opened at $238.02 on Monday. The stock has a market cap of $89,781.51, a price-to-earnings ratio of 12.40, a PEG ratio of 1.21 and a beta of 1.48. Goldman Sachs Group, Inc. has a one year low of $209.18 and a one year high of $255.15. 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. (The) (NYSE:GS) last released its quarterly earnings data on Tuesday, October 17th. The investment management company reported $5.02 earnings per share for the quarter, beating the consensus estimate of $4.17 by $0.85. The firm had revenue of $8.33 billion during the quarter, compared to the consensus estimate of $7.59 billion. Goldman Sachs Group, Inc. (The) had a return on equity of 11.34% and a net margin of 26.42%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $4.88 earnings per share. sell-side analysts predict that Goldman Sachs Group, Inc. will post 19.03 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, November 30th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $3.00 annualized dividend and a dividend yield of 1.26%. Goldman Sachs Group, Inc. (The)’s payout ratio is currently 15.63%.

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Several equities research analysts have recently issued reports on GS shares. TheStreet upgraded shares of Goldman Sachs Group, Inc. (The) from a “c+” rating to a “b” rating in a research report on Friday, October 13th. J P Morgan Chase & Co set a $260.00 price objective on shares of Goldman Sachs Group, Inc. (The) and gave the company a “buy” rating in a research report on Friday, September 15th. 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 objective on the stock in a research report on Friday, October 20th. BMO Capital Markets reiterated a “hold” rating and set a $202.00 price objective on shares of Goldman Sachs Group, Inc. (The) in a research report on Friday, October 6th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $240.00 price objective on shares of Goldman Sachs Group, Inc. (The) in a research report on Thursday, August 31st. Three investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Goldman Sachs Group, Inc. (The) has an average rating of “Hold” and an average price target of $245.06.

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

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