CIBC World Markets Inc. cut its stake in shares of Goldman Sachs Group Inc. (NYSE:GS) by 33.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,376 shares of the investment management company’s stock after selling 6,232 shares during the period. CIBC World Markets Inc.’s holdings in Goldman Sachs Group were worth $1,996,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Chicago Partners Investment Group LLC boosted its stake in shares of Goldman Sachs Group by 0.5% in the second quarter. Chicago Partners Investment Group LLC now owns 1,042 shares of the investment management company’s stock valued at $155,000 after buying an additional 5 shares during the last quarter. Alpha Cubed Investments LLC boosted its stake in shares of Goldman Sachs Group by 0.3% in the third quarter. Alpha Cubed Investments LLC now owns 4,850 shares of the investment management company’s stock valued at $782,000 after buying an additional 15 shares during the last quarter. Pitcairn Co. boosted its stake in shares of Goldman Sachs Group by 0.4% in the second quarter. Pitcairn Co. now owns 4,947 shares of the investment management company’s stock valued at $735,000 after buying an additional 18 shares during the last quarter. Alpha Windward LLC boosted its stake in shares of Goldman Sachs Group by 2.2% in the third quarter. Alpha Windward LLC now owns 838 shares of the investment management company’s stock valued at $135,000 after buying an additional 18 shares during the last quarter. Finally, Condor Capital Management boosted its stake in shares of Goldman Sachs Group by 0.4% in the second quarter. Condor Capital Management now owns 6,177 shares of the investment management company’s stock valued at $918,000 after buying an additional 25 shares during the last quarter. 69.61% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Goldman Sachs Group (NYSE:GS)

Shares of Goldman Sachs Group Inc. (NYSE:GS) traded up 3.56% during trading on Wednesday, reaching $219.29. The company’s stock had a trading volume of 6,507,871 shares. Goldman Sachs Group Inc. has a 12 month low of $138.20 and a 12 month high of $220.77. The firm has a market cap of $91.84 billion, a PE ratio of 17.60 and a beta of 1.55. The company’s 50 day moving average price is $188.13 and its 200 day moving average price is $166.75.

Goldman Sachs Group (NYSE:GS) last issued its earnings results on Tuesday, October 18th. The investment management company reported $4.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.79 by $1.09. Goldman Sachs Group had a return on equity of 9.73% and a net margin of 19.58%. The business earned $8.17 billion during the quarter, compared to analysts’ expectations of $7.41 billion. During the same quarter in the prior year, the firm earned $4.51 EPS. The business’s revenue for the quarter was up 19.0% compared to the same quarter last year. On average, equities analysts predict that Goldman Sachs Group Inc. will post $15.53 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 29th. Shareholders of record on Thursday, December 1st will be issued a $0.65 dividend. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $2.60 dividend on an annualized basis and a yield of 1.19%. Goldman Sachs Group’s payout ratio is presently 20.72%.

ILLEGAL ACTIVITY WARNING: “CIBC World Markets Inc. Sells 6,232 Shares of Goldman Sachs Group Inc. (GS)” was originally reported by Daily Political and is the sole property of of Daily Political. If you are viewing this article on another domain, it was stolen and republished in violation of international trademark and copyright laws. The original version of this article can be viewed at http://www.dailypolitical.com/2016/11/30/cibc-world-markets-inc-sells-6232-shares-of-goldman-sachs-group-inc-gs.html.

GS has been the subject of a number of recent analyst reports. Instinet cut Goldman Sachs Group from a “buy” rating to a “neutral” rating and set a $201.00 target price for the company. in a research report on Tuesday. Barclays PLC reaffirmed an “equal weight” rating and set a $210.00 target price on shares of Goldman Sachs Group in a research report on Tuesday, October 11th. Royal Bank Of Canada upped their target price on Goldman Sachs Group from $160.00 to $170.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 19th. Vetr raised Goldman Sachs Group from a “sell” rating to a “hold” rating and set a $167.42 target price for the company in a research report on Tuesday, August 16th. Finally, RBC Capital Markets set a $170.00 target price on Goldman Sachs Group and gave the stock a “hold” rating in a research report on Wednesday, October 19th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $189.26.

In other Goldman Sachs Group news, Chairman Lloyd C. Blankfein sold 2,504 shares of the company’s stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $211.32, for a total value of $529,145.28. Following the sale, the chairman now owns 1,524,471 shares in the company, valued at approximately $322,151,211.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Sarah G. Smith sold 2,664 shares of the company’s stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $180.00, for a total value of $479,520.00. Following the completion of the sale, the insider now owns 13,075 shares in the company, valued at approximately $2,353,500. The disclosure for this sale can be found here. 2.61% of the stock is owned by company insiders.

Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc is a bank holding company and a financial holding company. The Company operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Company’s Investment Banking segment provides financial advisory services, which include advisory assignments with respect to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs and risk management.

5 Day Chart for NYSE:GS

Want to see what other hedge funds are holding GS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Goldman Sachs Group Inc. (NYSE:GS).

Receive News & Ratings for Goldman Sachs Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goldman Sachs Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.