Nissay Asset Management Corp Japan ADV increased its stake in shares of Goldman Sachs Group Inc (NYSE:GS) by 1.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,194 shares of the investment management company’s stock after purchasing an additional 725 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Goldman Sachs Group were worth $9,686,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of GS. Palo Capital Inc. acquired a new position in Goldman Sachs Group during the 3rd quarter valued at about $109,000. Zions Bancorporation acquired a new position in Goldman Sachs Group during the 2nd quarter valued at about $109,000. First Mercantile Trust Co. acquired a new position in Goldman Sachs Group during the 2nd quarter valued at about $110,000. Asset Advisors Investment Management LLC acquired a new position in Goldman Sachs Group during the 3rd quarter valued at about $115,000. Finally, Investment Partners LTD. acquired a new position in Goldman Sachs Group during the 3rd quarter valued at about $224,000. Hedge funds and other institutional investors own 71.24% of the company’s stock.
GS has been the topic of several recent analyst reports. Zacks Investment Research lowered Goldman Sachs Group from a “buy” rating to a “hold” rating in a research report on Monday, July 9th. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $280.00 target price on shares of Goldman Sachs Group in a research report on Tuesday, July 17th. Credit Suisse Group raised Goldman Sachs Group from a “neutral” rating to an “outperform” rating in a research report on Tuesday, July 17th. Keefe, Bruyette & Woods reduced their target price on Goldman Sachs Group from $260.00 to $255.00 and set a “hold” rating on the stock in a research report on Wednesday, July 18th. Finally, Oppenheimer upped their target price on Goldman Sachs Group from $304.00 to $335.00 and gave the company an “outperform” rating in a research report on Wednesday, July 18th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company. Goldman Sachs Group currently has an average rating of “Hold” and an average price target of $281.84.
Shares of GS stock traded up $2.60 during mid-day trading on Tuesday, reaching $217.09. The stock had a trading volume of 139,355 shares, compared to its average volume of 3,377,867. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market capitalization of $80.18 billion, a PE ratio of 10.95, a P/E/G ratio of 0.69 and a beta of 1.28. Goldman Sachs Group Inc has a 1-year low of $208.40 and a 1-year high of $275.31.
Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Tuesday, October 16th. The investment management company reported $6.28 earnings per share for the quarter, beating analysts’ consensus estimates of $5.38 by $0.90. The business had revenue of $8.65 billion for the quarter, compared to analyst estimates of $8.43 billion. Goldman Sachs Group had a return on equity of 13.57% and a net margin of 16.68%. The company’s revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the company earned $5.02 earnings per share. Sell-side analysts forecast that Goldman Sachs Group Inc will post 25.43 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, November 30th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date is Thursday, November 29th. Goldman Sachs Group’s dividend payout ratio is presently 16.19%.
About Goldman Sachs Group
The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.
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