Texas Yale Capital Corp. Sells 3,745 Shares of Goldman Sachs Group Inc (GS)

Texas Yale Capital Corp. reduced its stake in shares of Goldman Sachs Group Inc (NYSE:GS) by 19.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,365 shares of the investment management company’s stock after selling 3,745 shares during the quarter. Texas Yale Capital Corp.’s holdings in Goldman Sachs Group were worth $3,644,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. BlackRock Inc. increased its position in shares of 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 buying an additional 23,847,154 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Goldman Sachs Group by 4,096.0% in the second quarter. Janus Henderson Group PLC now owns 2,475,978 shares of the investment management company’s stock valued at $549,415,000 after buying an additional 2,416,970 shares in the last quarter. New England Asset Management Inc. increased its position in shares of Goldman Sachs Group by 440.8% in the first quarter. New England Asset Management Inc. now owns 2,331,063 shares of the investment management company’s stock valued at $535,492,000 after buying an additional 1,900,000 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Goldman Sachs Group by 47.1% in the second quarter. The Manufacturers Life Insurance Company now owns 3,602,847 shares of the investment management company’s stock valued at $799,472,000 after buying an additional 1,152,869 shares in the last quarter. Finally, Harbour Capital Advisors LLC increased its position in shares of Goldman Sachs Group by 22,290.9% in the second quarter. Harbour Capital Advisors LLC now owns 1,113,050 shares of the investment management company’s stock valued at $5,016,000 after buying an additional 1,108,079 shares in the last quarter. Institutional investors own 73.35% of the company’s stock.

In other news, Vice Chairman Richard J. Gnodde sold 4,951 shares of the company’s stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $239.95, for a total value of $1,187,992.45. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Gregory K. Palm sold 4,620 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $238.99, for a total value of $1,104,133.80. The disclosure for this sale can be found here. Insiders have sold 135,177 shares of company stock worth $32,435,160 in the last three months. 2.57% of the stock is currently owned by corporate insiders.

A number of analysts have recently commented on GS shares. TheStreet upgraded Goldman Sachs Group from a “c+” rating to a “b” rating in a research report on Friday, October 13th. J P Morgan Chase & Co set a $260.00 price target on Goldman Sachs Group and gave the stock a “buy” rating in a research report on Friday, September 15th. Zacks Investment Research upgraded Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $271.00 price target for the company in a research report on Friday, October 20th. Royal Bank Of Canada reiterated a “hold” rating and set a $240.00 price target on shares of Goldman Sachs Group in a research report on Thursday, August 31st. Finally, cut Goldman Sachs Group from a “buy” rating to a “hold” rating and boosted their price target for the stock from $223.80 to $250.00 in a research report on Friday, August 11th. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Goldman Sachs Group currently has an average rating of “Hold” and a consensus price target of $244.65.

Goldman Sachs Group Inc (NYSE GS) traded up $1.31 during midday trading on Monday, reaching $248.95. The company’s stock had a trading volume of 4,765,300 shares, compared to its average volume of 3,294,210. The firm has a market capitalization of $93,904.31, a price-to-earnings ratio of 12.97, a P/E/G ratio of 1.26 and a beta of 1.47. The company has a debt-to-equity ratio of 2.82, a current ratio of 0.90 and a quick ratio of 0.90. Goldman Sachs Group Inc has a one year low of $209.62 and a one year high of $255.15.

Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Tuesday, October 17th. The investment management company reported $5.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.17 by $0.85. The company had revenue of $8.33 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.88 earnings per share. equities research analysts predict that Goldman Sachs Group Inc will post 19.03 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, November 30th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date is Wednesday, November 29th. Goldman Sachs Group’s dividend payout ratio (DPR) is currently 15.63%.

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Goldman Sachs Group 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 (NYSE:GS)

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