Canada Pension Plan Investment Board Increases Stake in Goldman Sachs Group, Inc. (The) (GS)

Canada Pension Plan Investment Board lifted its stake in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) by 0.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 780,264 shares of the investment management company’s stock after purchasing an additional 3,700 shares during the quarter. Canada Pension Plan Investment Board owned about 0.20% of Goldman Sachs Group, Inc. (The) worth $185,071,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Menora Mivtachim Holdings LTD. grew its holdings in Goldman Sachs Group, Inc. (The) by 2,576.1% in the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 144,723 shares of the investment management company’s stock worth $34,327,000 after buying an additional 139,315 shares in the last quarter. Brightworth bought a new position in Goldman Sachs Group, Inc. (The) in the 3rd quarter worth approximately $5,663,000. E&G Advisors LP grew its holdings in Goldman Sachs Group, Inc. (The) by 42.9% in the 3rd quarter. E&G Advisors LP now owns 4,000 shares of the investment management company’s stock worth $949,000 after buying an additional 1,200 shares in the last quarter. Heritage Investors Management Corp grew its holdings in Goldman Sachs Group, Inc. (The) by 0.9% in the 3rd quarter. Heritage Investors Management Corp now owns 65,426 shares of the investment management company’s stock worth $15,518,000 after buying an additional 578 shares in the last quarter. Finally, JFS Wealth Advisors LLC grew its holdings in Goldman Sachs Group, Inc. (The) by 16.0% in the 3rd quarter. JFS Wealth Advisors LLC now owns 1,813 shares of the investment management company’s stock worth $430,000 after buying an additional 250 shares in the last quarter. 74.01% of the stock is owned by institutional investors and hedge funds.

In other Goldman Sachs Group, Inc. (The) news, insider David M. Solomon sold 2,400 shares of the stock in a transaction on Monday, November 13th. The shares were sold at an average price of $238.49, for a total transaction of $572,376.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director David A. Viniar sold 7,393 shares of the stock in a transaction on Friday, October 20th. The stock was sold at an average price of $245.18, for a total transaction of $1,812,615.74. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 39,744 shares of company stock valued at $9,697,984. 2.57% of the stock is owned by corporate insiders.

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A number of equities analysts recently issued reports on the company. J P Morgan Chase & Co reissued a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a report on Monday. Royal Bank Of Canada reaffirmed a “hold” rating and set a $240.00 price target on shares of Goldman Sachs Group, Inc. (The) in a research note on Wednesday, November 15th. lowered Goldman Sachs Group, Inc. (The) from a “buy” rating to a “hold” rating and increased their price target for the company from $223.80 to $250.00 in a research note on Friday, August 11th. Buckingham Research reaffirmed a “neutral” rating and set a $250.00 price target (up from $243.00) on shares of Goldman Sachs Group, Inc. (The) in a research note on Wednesday, October 18th. Finally, Wells Fargo & Company initiated coverage on Goldman Sachs Group, Inc. (The) in a research note on Wednesday, August 9th. They set an “outperform” rating and a $265.00 price target for the company. Three research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $245.06.

Shares of Goldman Sachs Group, Inc. (NYSE GS) opened at $238.02 on Monday. 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 1-year low of $209.18 and a 1-year high of $255.15. The stock has a market capitalization of $89,781.51, a price-to-earnings ratio of 12.40, a P/E/G ratio of 1.21 and a beta of 1.48.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last announced its quarterly earnings data on Tuesday, October 17th. The investment management company reported $5.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.17 by $0.85. Goldman Sachs Group, Inc. (The) had a return on equity of 11.34% and a net margin of 26.42%. The business had revenue of $8.33 billion during the quarter, compared to analyst estimates of $7.59 billion. During the same period last year, the company earned $4.88 earnings per share. Goldman Sachs Group, Inc. (The)’s quarterly revenue was up 2.0% compared to the same quarter last year. analysts predict that Goldman Sachs Group, Inc. will post 19.03 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, November 30th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $3.00 annualized dividend and a dividend yield of 1.26%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio is 15.63%.

Goldman Sachs Group, Inc. (The) 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.

Institutional Ownership by Quarter for Goldman Sachs Group, Inc. (The) (NYSE:GS)

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