Retirement Systems of Alabama reduced its stake in Goldman Sachs Group Inc (NYSE:GS) by 1.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 174,556 shares of the investment management company’s stock after selling 2,937 shares during the quarter. Retirement Systems of Alabama’s holdings in Goldman Sachs Group were worth $41,403,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in shares of Goldman Sachs Group by 3,301.2% during the 1st quarter. BlackRock Inc. now owns 24,569,536 shares of the investment management company’s stock valued at $5,644,114,000 after purchasing an additional 23,847,154 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Goldman Sachs Group by 4,096.0% during the second quarter. Janus Henderson Group PLC now owns 2,475,978 shares of the investment management company’s stock worth $549,415,000 after acquiring an additional 2,416,970 shares during the period. New England Asset Management Inc. increased its position in shares of Goldman Sachs Group by 440.8% during the first quarter. New England Asset Management Inc. now owns 2,331,063 shares of the investment management company’s stock worth $535,492,000 after acquiring an additional 1,900,000 shares during the period. The Manufacturers Life Insurance Company boosted its stake in 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 acquiring an additional 1,152,869 shares in the last quarter. Finally, Harbour Capital Advisors LLC boosted its stake in 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 acquiring an additional 1,108,079 shares in the last quarter. Institutional investors own 73.35% of the company’s stock.
Goldman Sachs Group Inc (GS) opened at $246.20 on Wednesday. The firm has a market cap of $94,545.55, a P/E ratio of 13.06, a price-to-earnings-growth ratio of 1.27 and a beta of 1.47. The company has a debt-to-equity ratio of 2.82, a quick ratio of 0.90 and a current ratio of 0.90. Goldman Sachs Group Inc has a 12-month low of $209.62 and a 12-month high of $255.15.
Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Tuesday, October 17th. The investment management company reported $5.02 earnings per share for the quarter, beating analysts’ consensus estimates of $4.17 by $0.85. The firm had revenue of $8.33 billion for the quarter, compared to analysts’ expectations of $7.59 billion. Goldman Sachs Group had a net margin of 26.42% and a return on equity of 11.34%. Goldman Sachs Group’s revenue was up 2.0% compared to the same quarter last year. During the same period 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 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Wednesday, November 29th. Goldman Sachs Group’s dividend payout ratio (DPR) is 15.63%.
In related news, Director David A. Viniar sold 7,393 shares of the company’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $245.18, for a total value of $1,812,615.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Richard J. Gnodde sold 4,951 shares of the company’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 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. Corporate insiders own 2.57% of the company’s stock.
GS has been the subject of several recent research reports. J P Morgan Chase & Co reissued a “buy” rating on shares of Goldman Sachs Group in a report on Monday, November 20th. Royal Bank Of Canada restated a “hold” rating and set a $240.00 price target on shares of Goldman Sachs Group in a research report on Wednesday, November 15th. Zacks Investment Research upgraded shares of Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $273.00 target price on the stock in a report on Tuesday, November 7th. Vertical Group lowered shares of Goldman Sachs Group from a “hold” rating to a “sell” rating in a report on Monday, November 6th. Finally, Societe Generale set a $198.00 price target on shares of Goldman Sachs Group and gave the company a “sell” rating in a research note on Thursday, October 19th. Three equities 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 given a strong buy rating to the company’s stock. Goldman Sachs Group has an average rating of “Hold” and an average target price of $244.65.
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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