Great West Life Assurance Co. Can lifted its holdings in Goldman Sachs Group Inc (NYSE:GS) by 0.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 274,423 shares of the investment management company’s stock after buying an additional 1,723 shares during the quarter. Great West Life Assurance Co. Can owned 0.07% of Goldman Sachs Group worth $64,534,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the stock. ETRADE Capital Management LLC boosted its stake in shares of Goldman Sachs Group by 29.9% in the third quarter. ETRADE Capital Management LLC now owns 2,717 shares of the investment management company’s stock valued at $644,000 after buying an additional 625 shares in the last quarter. Haverford Trust Co. raised its holdings in Goldman Sachs Group by 40.7% during the third quarter. Haverford Trust Co. now owns 1,552 shares of the investment management company’s stock worth $368,000 after purchasing an additional 449 shares during the last quarter. South Dakota Investment Council raised its holdings in Goldman Sachs Group by 4.8% during the third quarter. South Dakota Investment Council now owns 109,789 shares of the investment management company’s stock worth $26,041,000 after purchasing an additional 5,000 shares during the last quarter. ARGA Investment Management LP raised its holdings in Goldman Sachs Group by 9.9% during the third quarter. ARGA Investment Management LP now owns 8,864 shares of the investment management company’s stock worth $2,102,000 after purchasing an additional 800 shares during the last quarter. Finally, Park Avenue Securities LLC acquired a new position in Goldman Sachs Group during the third quarter worth $456,000. Hedge funds and other institutional investors own 73.27% of the company’s stock.
In other Goldman Sachs Group news, Vice Chairman Richard J. Gnodde sold 4,951 shares of the business’s stock in a transaction dated Wednesday, October 18th. The stock was sold at an average price of $239.95, for a total transaction of $1,187,992.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David M. Solomon sold 12,707 shares of the business’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $237.94, for a total value of $3,023,503.58. The disclosure for this sale can be found here. In the last three months, insiders have sold 135,177 shares of company stock valued at $32,435,160. 2.57% of the stock is owned by company insiders.
Goldman Sachs Group (NYSE:GS) last released its earnings results on Tuesday, October 17th. The investment management company reported $5.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.17 by $0.85. Goldman Sachs Group had a return on equity of 11.34% and a net margin of 26.42%. The firm had revenue of $8.33 billion during the quarter, compared to analyst estimates of $7.59 billion. During the same period in the prior year, the firm posted $4.88 earnings per share. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. equities research analysts forecast that Goldman Sachs Group Inc will post 19.08 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Thursday, November 30th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend was Wednesday, November 29th. Goldman Sachs Group’s dividend payout ratio (DPR) is presently 15.63%.
Several equities analysts recently issued reports on GS shares. Credit Suisse Group cut Goldman Sachs Group from an “outperform” rating to a “neutral” rating and lifted their price objective for the stock from $240.00 to $255.00 in a report on Monday, October 9th. They noted that the move was a valuation call. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $240.00 price objective on shares of Goldman Sachs Group in a report on Thursday, October 19th. BMO Capital Markets lifted their price objective on Goldman Sachs Group from $202.00 to $217.00 and gave the stock a “market perform” rating in a report on Wednesday, October 18th. Zacks Investment Research cut Goldman Sachs Group from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. Finally, TheStreet cut Goldman Sachs Group from a “b” rating to a “c+” rating in a report on Thursday, September 7th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $248.24.
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.
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