Pzena Investment Management LLC lowered its position in Goldman Sachs Group Inc (NYSE:GS) by 0.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,403,492 shares of the investment management company’s stock after selling 10,808 shares during the period. Goldman Sachs Group makes up approximately 1.8% of Pzena Investment Management LLC’s investment portfolio, making the stock its 19th biggest holding. Pzena Investment Management LLC owned approximately 0.36% of Goldman Sachs Group worth $332,894,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Sumitomo Mitsui Financial Group Inc. bought a new stake in shares of Goldman Sachs Group during the second quarter valued at approximately $101,000. WealthTrust Arizona LLC raised its stake in shares of Goldman Sachs Group by 97.1% during the second quarter. WealthTrust Arizona LLC now owns 469 shares of the investment management company’s stock valued at $104,000 after acquiring an additional 231 shares in the last quarter. Sterling Investment Advisors Ltd. raised its stake in shares of Goldman Sachs Group by 35.7% during the second quarter. Sterling Investment Advisors Ltd. now owns 475 shares of the investment management company’s stock valued at $105,000 after acquiring an additional 125 shares in the last quarter. Shine Investment Advisory Services Inc. bought a new stake in shares of Goldman Sachs Group during the second quarter valued at approximately $111,000. Finally, Gs Investments Inc. bought a new stake in shares of Goldman Sachs Group during the second quarter valued at approximately $111,000. 74.01% of the stock is owned by institutional investors and hedge funds.
Goldman Sachs Group Inc (NYSE GS) opened at $235.95 on Friday. The stock has a market cap of $89,000.81, a P/E ratio of 12.29, a P/E/G ratio of 1.20 and a beta of 1.48. 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 1-year low of $209.37 and a 1-year high of $255.15.
Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Tuesday, October 17th. The investment management company reported $5.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.17 by $0.85. Goldman Sachs Group had a net margin of 26.42% and a return on equity of 11.34%. The business had revenue of $8.33 billion for the quarter, compared to analyst estimates of $7.59 billion. During the same period in the previous year, the company earned $4.88 earnings per share. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. equities analysts predict that Goldman Sachs Group Inc will post 19.03 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, November 30th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.27%. The ex-dividend date is Wednesday, November 29th. Goldman Sachs Group’s dividend payout ratio is currently 15.63%.
In other Goldman Sachs Group news, Vice Chairman Richard J. Gnodde sold 5,718 shares of Goldman Sachs Group stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $238.99, for a total value of $1,366,544.82. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Vice Chairman Richard J. Gnodde sold 4,951 shares of Goldman Sachs Group stock in a transaction on Wednesday, October 18th. The stock was 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. Insiders sold 122,470 shares of company stock worth $29,411,656 over the last ninety days. Corporate insiders own 2.57% of the company’s stock.
Several research firms have recently weighed in on GS. Zacks Investment Research downgraded shares of Goldman Sachs Group from a “hold” rating to a “sell” rating in a research note on Thursday, September 21st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $240.00 price target on shares of Goldman Sachs Group in a research note on Thursday, October 19th. TheStreet downgraded shares of Goldman Sachs Group from a “b” rating to a “c+” rating in a research note on Thursday, September 7th. BMO Capital Markets reaffirmed a “hold” rating and set a $202.00 price target on shares of Goldman Sachs Group in a research note on Friday, October 6th. Finally, J P Morgan Chase & Co set a $260.00 price target on shares of Goldman Sachs Group and gave the company a “buy” rating in a research note on Friday, September 15th. Three investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $245.06.
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Goldman Sachs Group 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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