Dearborn Partners LLC acquired a new position in shares of Goldman Sachs Group Inc (NYSE:GS) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 873 shares of the investment management company’s stock, valued at approximately $207,000.
Several other large investors have also modified their holdings of the stock. Sompo Japan Nipponkoa Asset Management CO. LTD. acquired a new stake in shares of Goldman Sachs Group during the 3rd quarter worth about $3,482,000. Stifel Financial Corp increased its position in shares of Goldman Sachs Group by 833.1% during the 3rd quarter. Stifel Financial Corp now owns 104,596 shares of the investment management company’s stock worth $24,807,000 after purchasing an additional 93,386 shares during the last quarter. Pinebridge Investments L.P. increased its position in shares of Goldman Sachs Group by 0.7% during the 3rd quarter. Pinebridge Investments L.P. now owns 194,549 shares of the investment management company’s stock worth $46,145,000 after purchasing an additional 1,278 shares during the last quarter. Westside Investment Management Inc. increased its position in shares of Goldman Sachs Group by 450.0% during the 3rd quarter. Westside Investment Management Inc. now owns 550 shares of the investment management company’s stock worth $134,000 after purchasing an additional 450 shares during the last quarter. Finally, HCR Wealth Advisors acquired a new stake in shares of Goldman Sachs Group during the 3rd quarter worth about $221,000. 73.35% of the stock is owned by hedge funds and other institutional investors.
GS has been the subject of a number of recent analyst reports. TheStreet raised Goldman Sachs Group 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 target price on Goldman Sachs Group and gave the company a “buy” rating in a research report on Friday, September 15th. Zacks Investment Research raised Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $271.00 target price for the company in a research report on Friday, October 20th. Bank of America lifted their target price on Goldman Sachs Group from $290.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, December 7th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $202.00 target price on shares of Goldman Sachs Group in a research report on Friday, October 6th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Goldman Sachs Group has a consensus rating of “Hold” and a consensus target price of $246.10.
In related news, Director David A. Viniar sold 7,393 shares of the business’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $245.18, for a total transaction of $1,812,615.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Lloyd C. Blankfein sold 20,794 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $238.38, for a total value of $4,956,873.72. The disclosure for this sale can be found here. Insiders sold a total of 135,177 shares of company stock valued at $32,435,160 in the last quarter. Company insiders own 2.57% of the company’s stock.
Shares of Goldman Sachs Group Inc (NYSE GS) traded down $0.22 on Tuesday, hitting $250.13. The stock had a trading volume of 1,494,200 shares, compared to its average volume of 3,271,266. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 2.82. The stock has a market cap of $94,432.40, a PE ratio of 13.04, a PEG ratio of 1.27 and a beta of 1.47. Goldman Sachs Group Inc has a fifty-two week low of $209.62 and a fifty-two week high of $255.15.
Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Tuesday, October 17th. The investment management company reported $5.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.17 by $0.85. The business had revenue of $8.33 billion during the quarter, compared to analysts’ expectations of $7.59 billion. Goldman Sachs Group had a return on equity of 11.34% and a net margin of 26.42%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the business posted $4.88 EPS. research analysts forecast that Goldman Sachs Group Inc will post 19.03 EPS for the current fiscal year.
The business 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 $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Wednesday, November 29th. Goldman Sachs Group’s payout ratio is presently 15.63%.
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About Goldman Sachs Group
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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