Greenhaven Associates Inc. Sells 87,592 Shares of Goldman Sachs Group, Inc. (The) (GS)

Greenhaven Associates Inc. lowered its position in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) by 2.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,705,695 shares of the investment management company’s stock after selling 87,592 shares during the quarter. Goldman Sachs Group, Inc. (The) accounts for approximately 13.2% of Greenhaven Associates Inc.’s investment portfolio, making the stock its largest position. Greenhaven Associates Inc. owned approximately 0.96% of Goldman Sachs Group, Inc. (The) worth $878,954,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Sumitomo Mitsui Financial Group Inc. acquired a new position in shares of Goldman Sachs Group, Inc. (The) in the 2nd quarter valued at $101,000. WealthTrust Arizona LLC boosted its position in shares of Goldman Sachs Group, Inc. (The) by 97.1% in the 2nd quarter. WealthTrust Arizona LLC now owns 469 shares of the investment management company’s stock valued at $104,000 after purchasing an additional 231 shares during the period. Sterling Investment Advisors Ltd. boosted its position in shares of Goldman Sachs Group, Inc. (The) by 35.7% in the 2nd quarter. Sterling Investment Advisors Ltd. now owns 475 shares of the investment management company’s stock valued at $105,000 after purchasing an additional 125 shares during the period. Shine Investment Advisory Services Inc. acquired a new position in shares of Goldman Sachs Group, Inc. (The) in the 2nd quarter valued at $111,000. Finally, Gs Investments Inc. acquired a new position in shares of Goldman Sachs Group, Inc. (The) in the 2nd quarter valued at $111,000. 74.41% of the stock is owned by institutional investors and hedge funds.

GS has been the subject of a number of recent analyst reports. Zacks Investment Research lowered Goldman Sachs Group, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. Societe Generale set a $198.00 price target on Goldman Sachs Group, Inc. (The) and gave the company a “sell” rating in a research report on Thursday, October 19th. TheStreet upgraded Goldman Sachs Group, Inc. (The) from a “c+” rating to a “b” rating in a research report on Friday, October 13th. Citigroup Inc. reiterated a “neutral” rating and issued a $250.00 price target (up previously from $225.00) on shares of Goldman Sachs Group, Inc. (The) in a research report on Monday, October 9th. Finally, Morgan Stanley increased their price objective on Goldman Sachs Group, Inc. (The) from $265.00 to $287.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 18th. Three analysts have rated the stock with a sell rating, seventeen have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $245.06.

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Shares of Goldman Sachs Group, Inc. (NYSE:GS) opened at $237.24 on Wednesday. The stock has a market capitalization of $90,630.21, a P/E ratio of 12.51, a price-to-earnings-growth ratio of 1.22 and a beta of 1.48. 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, Inc. has a fifty-two week low of $204.83 and a fifty-two week high of $255.15.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last released its earnings results 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. The firm had revenue of $8.33 billion for the quarter, compared to analyst estimates 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 company’s revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the firm posted $4.88 EPS. equities research analysts forecast that Goldman Sachs Group, Inc. will post 19.03 earnings per share for the current fiscal year.

The firm also recently announced 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 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Wednesday, November 29th. Goldman Sachs Group, Inc. (The)’s dividend payout ratio (DPR) is currently 15.63%.

In other news, Director David A. Viniar sold 7,393 shares of Goldman Sachs Group, Inc. (The) 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Harvey M. Schwartz sold 25,000 shares of Goldman Sachs Group, Inc. (The) stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders sold a total of 37,344 shares of company stock worth $9,125,608 in the last ninety days. Insiders own 2.57% of the company’s stock.

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.

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

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