Robeco Institutional Asset Management B.V. cut its stake in Goldman Sachs Group, Inc. (The) (NYSE:GS) by 11.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,530 shares of the investment management company’s stock after selling 5,561 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Goldman Sachs Group, Inc. (The) were worth $10,088,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Sumitomo Life Insurance Co. lifted its stake in Goldman Sachs Group, Inc. (The) by 59.5% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 15,410 shares of the investment management company’s stock valued at $3,655,000 after buying an additional 5,750 shares in the last quarter. Asset Dedication LLC lifted its stake in Goldman Sachs Group, Inc. (The) by 17.9% in the 3rd quarter. Asset Dedication LLC now owns 2,375 shares of the investment management company’s stock valued at $557,000 after buying an additional 360 shares in the last quarter. Howe & Rusling Inc. purchased a new position in Goldman Sachs Group, Inc. (The) in the 3rd quarter valued at about $142,000. Locust Wood Capital Advisers LLC lifted its stake in Goldman Sachs Group, Inc. (The) by 7.3% in the 3rd quarter. Locust Wood Capital Advisers LLC now owns 78,720 shares of the investment management company’s stock valued at $18,672,000 after buying an additional 5,360 shares in the last quarter. Finally, Shell Asset Management Co. lifted its stake in Goldman Sachs Group, Inc. (The) by 32.9% in the 3rd quarter. Shell Asset Management Co. now owns 72,642 shares of the investment management company’s stock valued at $13,335,000 after buying an additional 17,993 shares in the last quarter. 73.14% of the stock is currently owned by hedge funds and other institutional investors.

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Goldman Sachs Group, Inc. (NYSE GS) opened at $240.15 on Friday. The company has a debt-to-equity ratio of 2.82, a current ratio of 0.90 and a quick ratio of 0.89. Goldman Sachs Group, Inc. has a 1 year low of $194.00 and a 1 year high of $255.15. The company has a market cap of $90,826.35, a P/E ratio of 12.54, a price-to-earnings-growth ratio of 1.22 and a beta of 1.48.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last issued its quarterly earnings results on Tuesday, October 17th. The investment management company reported $5.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.17 by $0.85. Goldman Sachs Group, Inc. (The) had a net margin of 26.42% and a return on equity of 11.34%. The company had revenue of $8.33 billion during the quarter, compared to analysts’ expectations of $7.59 billion. During the same quarter last year, the company posted $4.88 EPS. The firm’s revenue was up 2.0% compared to the same quarter last year. equities research analysts forecast that Goldman Sachs Group, Inc. will post 19.03 earnings per share for the current fiscal year.

The firm also recently declared 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 of this dividend is Wednesday, November 29th. This represents a $3.00 annualized dividend and a yield of 1.25%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio is presently 15.63%.

A number of research analysts recently weighed in on GS shares. Zacks Investment Research lowered shares of Goldman Sachs Group, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. Societe Generale set a $198.00 price objective on shares of Goldman Sachs Group, Inc. (The) and gave the company a “sell” rating in a report on Thursday, October 19th. TheStreet upgraded shares of Goldman Sachs Group, Inc. (The) from a “c+” rating to a “b” rating in a report on Friday, October 13th. Citigroup Inc. reiterated a “neutral” rating and issued a $250.00 price objective (up previously from $225.00) on shares of Goldman Sachs Group, Inc. (The) in a report on Monday, October 9th. Finally, Morgan Stanley increased their price objective on shares of Goldman Sachs Group, Inc. (The) from $265.00 to $287.00 and gave the company an “overweight” rating in a report on Wednesday, October 18th. Three 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 given a strong buy rating to the stock. Goldman Sachs Group, Inc. (The) currently has an average rating of “Hold” and a consensus target price of $245.06.

In other Goldman Sachs Group, Inc. (The) news, insider Harvey M. Schwartz sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $245.00, for a total value of $6,125,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman Richard J. Gnodde sold 4,951 shares of Goldman Sachs Group, Inc. (The) stock in a transaction on 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. Insiders sold a total of 37,344 shares of company stock valued at $9,125,608 in the last three months. 2.57% of the stock is currently owned by corporate insiders.

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

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