Goldman Sachs Group Inc (GS) Shares Sold by Capital International Inc. CA

Capital International Inc. CA lessened its holdings in Goldman Sachs Group Inc (NYSE:GS) by 46.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,735 shares of the investment management company’s stock after selling 4,100 shares during the quarter. Capital International Inc. CA’s holdings in Goldman Sachs Group were worth $1,123,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the business. BlackRock Inc. lifted its stake in shares of Goldman Sachs Group by 3,301.2% in 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 acquiring an additional 23,847,154 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of Goldman Sachs Group by 4,096.0% in the 2nd quarter. Janus Henderson Group PLC now owns 2,475,978 shares of the investment management company’s stock valued at $549,415,000 after acquiring an additional 2,416,970 shares during the last quarter. New England Asset Management Inc. lifted its stake in shares of Goldman Sachs Group by 440.8% in the 1st 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 acquiring an additional 1,900,000 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Goldman Sachs Group by 47.1% in the 2nd 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 during the last quarter. Finally, Harbour Capital Advisors LLC lifted its stake in shares of Goldman Sachs Group by 22,290.9% in the 2nd 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 during the last quarter. 73.35% of the stock is currently owned by hedge funds and other institutional investors.

In other news, VP Gregory K. Palm sold 4,620 shares of Goldman Sachs Group stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $238.99, for a total value of $1,104,133.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David M. Solomon sold 2,400 shares of Goldman Sachs Group stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $238.49, for a total value of $572,376.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 135,177 shares of company stock valued at $32,435,160. Corporate insiders own 2.57% of the company’s stock.

Goldman Sachs Group Inc (NYSE GS) traded down $0.08 during mid-day trading on Friday, hitting $255.48. The stock had a trading volume of 3,353,100 shares, compared to its average volume of 3,273,281. Goldman Sachs Group Inc has a 1 year low of $209.62 and a 1 year high of $260.50. The company has a debt-to-equity ratio of 2.82, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market cap of $96,397.62, a price-to-earnings ratio of 13.31, a PEG ratio of 1.30 and a beta of 1.47.

Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Tuesday, October 17th. The investment management company reported $5.02 earnings per share for the quarter, topping 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 analyst estimates of $7.59 billion. During the same period last year, the company posted $4.88 EPS. The business’s quarterly revenue was up 2.0% on a year-over-year basis. equities analysts forecast that Goldman Sachs Group Inc will post 19.03 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Wednesday, November 29th. Goldman Sachs Group’s dividend payout ratio (DPR) is presently 15.63%.

A number of research analysts have recently commented on GS shares. TheStreet upgraded Goldman Sachs Group from a “c+” rating to a “b” rating in a research note on Friday, October 13th. J P Morgan Chase & Co set a $260.00 price target on Goldman Sachs Group and gave the company a “buy” rating in a research note 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 note on Friday, October 20th. Bank of America increased their price target on Goldman Sachs Group from $290.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, December 7th. Finally, BMO Capital Markets reaffirmed 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 research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $246.10.

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Goldman Sachs Group 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 (NYSE:GS)

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