Goldman Sachs Group Inc (GS) Position Raised by National Asset Management Inc.
National Asset Management Inc. boosted its position in Goldman Sachs Group Inc (NYSE:GS) by 25.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 4,403 shares of the investment management company’s stock after purchasing an additional 905 shares during the period. National Asset Management Inc.’s holdings in Goldman Sachs Group were worth $1,045,000 as of its most recent filing with the SEC.
A number of other large investors have also recently modified their holdings of the stock. BlackRock Inc. raised its holdings in 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 period. Vanguard Group Inc. raised its holdings in Goldman Sachs Group by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 24,072,777 shares of the investment management company’s stock valued at $5,341,749,000 after acquiring an additional 304,400 shares during the period. Capital World Investors raised its holdings in Goldman Sachs Group by 10.5% in the 2nd quarter. Capital World Investors now owns 7,649,583 shares of the investment management company’s stock valued at $1,697,442,000 after acquiring an additional 726,582 shares during the period. Capital Research Global Investors raised its holdings in Goldman Sachs Group by 4.0% in the 2nd quarter. Capital Research Global Investors now owns 6,918,409 shares of the investment management company’s stock valued at $1,535,195,000 after acquiring an additional 265,784 shares during the period. Finally, Greenhaven Associates Inc. raised its holdings in Goldman Sachs Group by 2.5% in the 2nd quarter. Greenhaven Associates Inc. now owns 3,793,287 shares of the investment management company’s stock valued at $841,730,000 after acquiring an additional 91,200 shares during the period. Institutional investors and hedge funds own 73.35% of the company’s stock.
Several research analysts have weighed in on the stock. Zacks Investment Research raised shares of Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $271.00 price target on the stock in a report on Friday, October 20th. Vertical Group raised shares of Goldman Sachs Group from a “sell” rating to a “hold” rating in a report on Friday. Bank of America increased their price target on shares of Goldman Sachs Group from $290.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, December 7th. Buckingham Research reissued a “neutral” rating and issued a $250.00 price target (up from $243.00) on shares of Goldman Sachs Group in a report on Wednesday, October 18th. Finally, TheStreet raised shares of Goldman Sachs Group from a “c+” rating to a “b” rating in a report on Friday, October 13th. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $246.10.
Shares of Goldman Sachs Group Inc (NYSE GS) traded down $0.22 on Tuesday, hitting $250.13. 1,494,200 shares of the stock traded hands, compared to its average volume of 3,271,266. Goldman Sachs Group Inc has a 12 month low of $209.62 and a 12 month high of $255.15. The company has a market capitalization of $94,432.40, a PE ratio of 13.04, a PEG ratio of 1.27 and a beta of 1.47. 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 (NYSE:GS) last announced its earnings results on Tuesday, October 17th. The investment management company reported $5.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.17 by $0.85. The company had revenue of $8.33 billion for the quarter, compared to analysts’ expectations of $7.59 billion. Goldman Sachs Group had a net margin of 26.42% and a return on equity of 11.34%. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period last year, the firm earned $4.88 earnings per share. sell-side analysts forecast 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 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 1.20%. Goldman Sachs Group’s dividend payout ratio (DPR) is 15.63%.
In related news, Chairman Lloyd C. Blankfein sold 20,794 shares of Goldman Sachs Group stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $238.38, for a total value of $4,956,873.72. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider David M. Solomon sold 12,707 shares of Goldman Sachs Group stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $237.94, for a total transaction of $3,023,503.58. The disclosure for this sale can be found here. Insiders sold 135,177 shares of company stock worth $32,435,160 over the last three months. 2.57% of the stock is currently owned by insiders.
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About Goldman Sachs Group
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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