Cornerstone Capital Management Holdings LLC. lessened its position in shares of Goldman Sachs Group Inc (NYSE:GS) by 2.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 67,605 shares of the investment management company’s stock after selling 1,699 shares during the quarter. Cornerstone Capital Management Holdings LLC.’s holdings in Goldman Sachs Group were worth $16,034,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the company. Chevy Chase Trust Holdings Inc. grew its holdings in shares of Goldman Sachs Group by 1.2% during the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 548,739 shares of the investment management company’s stock worth $130,157,000 after purchasing an additional 6,437 shares in the last quarter. Maltese Capital Management LLC bought a new position in shares of Goldman Sachs Group during the 3rd quarter worth approximately $2,372,000. Heritage Trust Co lifted its position in shares of Goldman Sachs Group by 13.4% during the 3rd quarter. Heritage Trust Co now owns 3,616 shares of the investment management company’s stock worth $858,000 after buying an additional 426 shares during the period. Asset Management One Co. Ltd. lifted its position in shares of Goldman Sachs Group by 0.7% during the 3rd quarter. Asset Management One Co. Ltd. now owns 571,457 shares of the investment management company’s stock worth $135,484,000 after buying an additional 3,834 shares during the period. Finally, AMP Capital Investors Ltd lifted its position in shares of Goldman Sachs Group by 5.0% during the 3rd quarter. AMP Capital Investors Ltd now owns 215,770 shares of the investment management company’s stock worth $51,179,000 after buying an additional 10,359 shares during the period. 73.35% of the stock is currently owned by institutional investors.
Several equities analysts 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 target price 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 target price for the company in a research report on Friday, October 20th. Bank of America raised their target price on Goldman Sachs Group from $290.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, December 7th. Finally, BMO Capital Markets restated a “hold” rating and set a $202.00 target price on shares of Goldman Sachs Group in a research report on Friday, October 6th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $246.10.
In other news, Chairman Lloyd C. Blankfein sold 20,794 shares of the business’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $238.38, for a total transaction of $4,956,873.72. 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 business’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 disclosure for this sale can be found here. In the last quarter, insiders sold 135,177 shares of company stock valued at $32,435,160. Corporate insiders own 2.57% of the company’s stock.
Shares of Goldman Sachs Group Inc (NYSE:GS) traded down $0.08 on Friday, reaching $255.48. The company’s stock had a trading volume of 3,353,100 shares, compared to its average volume of 3,273,281. 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 52-week low of $209.62 and a 52-week high of $260.50. The company has a market cap of $96,397.62, a P/E ratio of 13.31, a price-to-earnings-growth ratio of 1.30 and a beta of 1.47.
Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Tuesday, October 17th. The investment management company reported $5.02 earnings per share (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 the consensus estimate of $7.59 billion. During the same quarter in the previous year, the company posted $4.88 EPS. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. sell-side analysts forecast that Goldman Sachs Group Inc will post 19.03 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, November 30th will be given a $0.75 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $3.00 annualized dividend and a yield of 1.17%. Goldman Sachs Group’s payout ratio is 15.63%.
About Goldman Sachs Group
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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