Goldman Sachs Group Inc (GS) Shares Bought by Trust Co

Trust Co raised its holdings in Goldman Sachs Group Inc (NYSE:GS) by 29.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 6,972 shares of the investment management company’s stock after purchasing an additional 1,588 shares during the quarter. Trust Co’s holdings in Goldman Sachs Group were worth $1,654,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in GS. Nomura Asset Management Co. Ltd. increased its stake in shares of Goldman Sachs Group by 9.2% during the third quarter. Nomura Asset Management Co. Ltd. now owns 91,950 shares of the investment management company’s stock worth $21,810,000 after purchasing an additional 7,736 shares during the period. Commonwealth Bank of Australia increased its stake in shares of Goldman Sachs Group by 5.9% during the third quarter. Commonwealth Bank of Australia now owns 79,023 shares of the investment management company’s stock worth $18,738,000 after purchasing an additional 4,390 shares during the period. Quantbot Technologies LP increased its stake in shares of Goldman Sachs Group by 223.8% during the second quarter. Quantbot Technologies LP now owns 39,237 shares of the investment management company’s stock worth $8,706,000 after purchasing an additional 27,121 shares during the period. Tudor Investment Corp ET AL increased its stake in shares of Goldman Sachs Group by 29.9% during the second quarter. Tudor Investment Corp ET AL now owns 20,480 shares of the investment management company’s stock worth $4,545,000 after purchasing an additional 4,714 shares during the period. Finally, YorkBridge Wealth Partners LLC increased its stake in shares of Goldman Sachs Group by 23.8% during the second quarter. YorkBridge Wealth Partners LLC now owns 792 shares of the investment management company’s stock worth $180,000 after purchasing an additional 152 shares during the period. Hedge funds and other institutional investors own 73.27% of the company’s stock.

GS has been the topic of a number of recent research reports. Vertical Group upgraded Goldman Sachs Group from a “sell” rating to a “hold” rating in a research note on Friday, December 8th. Bank of America increased their target price on Goldman Sachs Group from $290.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, December 7th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $240.00 target price on shares of Goldman Sachs Group in a research note on Thursday, October 19th. Morgan Stanley increased their target price on Goldman Sachs Group from $265.00 to $287.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 18th. Finally, JMP Securities reiterated a “market perform” rating on shares of Goldman Sachs Group in a research note on Wednesday, September 13th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $251.90.

In other Goldman Sachs Group news, insider Harvey M. Schwartz sold 25,000 shares of the firm’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $245.00, for a total value of $6,125,000.00. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Vice Chairman Richard J. Gnodde sold 4,951 shares of the firm’s stock in a transaction on Wednesday, October 18th. The shares were sold at an average price of $239.95, for a total value of $1,187,992.45. The disclosure for this sale can be found here. In the last ninety days, insiders sold 135,177 shares of company stock worth $32,435,160. Company insiders own 2.57% of the company’s stock.

Shares of Goldman Sachs Group Inc (NYSE:GS) traded up $0.39 during trading hours on Thursday, reaching $254.33. The company had a trading volume of 2,927,200 shares, compared to its average volume of 2,704,171. The firm has a market capitalization of $95,840.00, a P/E ratio of 13.21, a P/E/G ratio of 1.02 and a beta of 1.47. Goldman Sachs Group Inc has a 1-year low of $209.62 and a 1-year high of $262.14. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 2.82.

Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Tuesday, October 17th. The investment management company reported $5.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.17 by $0.85. The business had revenue of $8.33 billion for the quarter, compared to the consensus estimate of $7.59 billion. Goldman Sachs Group had a return on equity of 11.34% and a net margin of 26.42%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.88 earnings per share. sell-side analysts predict that Goldman Sachs Group Inc will post 19.02 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Thursday, November 30th were issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend was Wednesday, November 29th. Goldman Sachs Group’s dividend payout ratio is presently 15.58%.

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

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