Goldman Sachs Group Inc (GS) Shares Bought by California Public Employees Retirement System

California Public Employees Retirement System increased its holdings in shares of Goldman Sachs Group Inc (NYSE:GS) by 1.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 897,288 shares of the investment management company’s stock after purchasing an additional 11,208 shares during the quarter. California Public Employees Retirement System owned approximately 0.24% of Goldman Sachs Group worth $212,828,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. lifted its stake in Goldman Sachs Group by 3,301.2% in the first quarter. BlackRock Inc. now owns 24,569,536 shares of the investment management company’s stock valued at $5,644,114,000 after acquiring an additional 23,847,154 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Goldman Sachs Group by 1.3% in the second quarter. Vanguard Group Inc. now owns 24,072,777 shares of the investment management company’s stock valued at $5,341,749,000 after purchasing an additional 304,400 shares during the period. Capital World Investors raised its position in shares of Goldman Sachs Group by 10.5% in the second quarter. Capital World Investors now owns 7,649,583 shares of the investment management company’s stock valued at $1,697,442,000 after purchasing an additional 726,582 shares during the period. Capital Research Global Investors raised its position in shares of Goldman Sachs Group by 4.0% in the second quarter. Capital Research Global Investors now owns 6,918,409 shares of the investment management company’s stock valued at $1,535,195,000 after purchasing an additional 265,784 shares during the period. Finally, Greenhaven Associates Inc. raised its position in shares of Goldman Sachs Group by 2.5% in the second quarter. Greenhaven Associates Inc. now owns 3,793,287 shares of the investment management company’s stock valued at $841,730,000 after purchasing an additional 91,200 shares during the period. Institutional investors and hedge funds own 73.35% of the company’s stock.

Several equities analysts have recently weighed in on GS shares. Zacks Investment Research lowered shares of Goldman Sachs Group from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. Societe Generale set a $198.00 price objective on shares of Goldman Sachs Group and gave the company a “sell” rating in a research report on Thursday, October 19th. TheStreet raised shares of Goldman Sachs Group from a “c+” rating to a “b” rating in a research report on Friday, October 13th. Morgan Stanley increased their price objective on shares of Goldman Sachs Group from $265.00 to $287.00 and gave the company an “overweight” rating in a research report on Wednesday, October 18th. Finally, Citigroup reaffirmed a “neutral” rating and set a $250.00 price target (up from $225.00) on shares of Goldman Sachs Group in a research report on Monday, October 9th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. Goldman Sachs Group currently has an average rating of “Hold” and a consensus target price of $246.10.

Goldman Sachs Group Inc (NYSE GS) opened at $257.17 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 2.82. Goldman Sachs Group Inc has a fifty-two week low of $209.62 and a fifty-two week high of $260.50. The stock has a market cap of $97,005.04, a P/E ratio of 13.39, a price-to-earnings-growth ratio of 1.30 and a beta of 1.47.

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 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 firm had revenue of $8.33 billion during the quarter, compared to analyst estimates of $7.59 billion. During the same quarter last year, the business earned $4.88 EPS. The company’s revenue was up 2.0% compared to the same quarter last year. sell-side analysts forecast that Goldman Sachs Group Inc will post 19.03 earnings per share for the current 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. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $3.00 annualized dividend and a dividend yield of 1.17%. Goldman Sachs Group’s dividend payout ratio is currently 15.63%.

In other Goldman Sachs Group news, insider David M. Solomon sold 2,400 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $238.49, for a total transaction of $572,376.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Harvey M. Schwartz sold 25,000 shares of the business’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $245.00, for a total transaction of $6,125,000.00. 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. 2.57% of the stock is currently owned by company insiders.

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Goldman Sachs Group 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.

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

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