Saratoga Research & Investment Management acquired a new position in Goldman Sachs Group, Inc. (The) (NYSE:GS) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 911 shares of the investment management company’s stock, valued at approximately $216,000.

A number of other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. boosted its holdings in Goldman Sachs Group, Inc. (The) by 3,301.2% in the first quarter. BlackRock Inc. now owns 24,569,536 shares of the investment management company’s stock worth $5,644,114,000 after purchasing an additional 23,847,154 shares during the period. Vanguard Group Inc. boosted its holdings in Goldman Sachs Group, Inc. (The) by 1.3% in the second quarter. Vanguard Group Inc. now owns 24,072,777 shares of the investment management company’s stock worth $5,341,749,000 after purchasing an additional 304,400 shares during the period. State Street Corp lifted its stake in Goldman Sachs Group, Inc. (The) by 2.7% in the first quarter. State Street Corp now owns 22,851,344 shares of the investment management company’s stock valued at $5,249,408,000 after buying an additional 603,165 shares during the last quarter. FMR LLC lifted its stake in Goldman Sachs Group, Inc. (The) by 10.9% in the first quarter. FMR LLC now owns 10,995,425 shares of the investment management company’s stock valued at $2,525,869,000 after buying an additional 1,084,624 shares during the last quarter. Finally, Capital World Investors lifted its stake in Goldman Sachs Group, Inc. (The) by 10.5% in the second quarter. Capital World Investors now owns 7,649,583 shares of the investment management company’s stock valued at $1,697,442,000 after buying an additional 726,582 shares during the last quarter. 74.41% of the stock is owned by hedge funds and other institutional investors.

In other Goldman Sachs Group, Inc. (The) news, Vice Chairman Richard J. Gnodde sold 4,951 shares of Goldman Sachs Group, Inc. (The) stock in a transaction dated Wednesday, October 18th. The stock was sold at an average price of $239.95, for a total transaction of $1,187,992.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Harvey M. Schwartz sold 25,000 shares of Goldman Sachs Group, Inc. (The) stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $245.00, for a total value of $6,125,000.00. The disclosure for this sale can be found here. Insiders sold a total of 37,344 shares of company stock worth $9,125,608 in the last three months. 2.57% of the stock is currently owned by company insiders.

A number of equities research analysts have issued reports on GS shares. Zacks Investment Research cut 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 target price on Goldman Sachs Group, Inc. (The) and gave the company a “sell” rating in a research note on Thursday, October 19th. TheStreet upgraded Goldman Sachs Group, Inc. (The) from a “c+” rating to a “b” rating in a research note on Friday, October 13th. Citigroup Inc. reiterated a “neutral” rating and issued a $250.00 target price (up from $225.00) on shares of Goldman Sachs Group, Inc. (The) in a research note on Monday, October 9th. Finally, Morgan Stanley raised their target price on Goldman Sachs Group, Inc. (The) from $265.00 to $287.00 and gave the company an “overweight” rating in a research note on Wednesday, October 18th. Three investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $245.06.

Goldman Sachs Group, Inc. (NYSE:GS) opened at $237.24 on Wednesday. The firm has a market capitalization of $90,630.21, a PE ratio of 12.51, a P/E/G ratio of 1.22 and a beta of 1.48. Goldman Sachs Group, Inc. has a 12 month low of $204.83 and a 12 month high of $255.15. The company has a debt-to-equity ratio of 2.82, a current ratio of 0.90 and a quick ratio of 0.90.

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

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

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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.

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

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