AMP Capital Investors Ltd boosted its stake in shares of Goldman Sachs Group Inc (NYSE:GS) by 5.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 215,770 shares of the investment management company’s stock after purchasing an additional 10,359 shares during the quarter. AMP Capital Investors Ltd owned about 0.06% of Goldman Sachs Group worth $51,179,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. NorthCoast Asset Management LLC lifted its holdings in shares of Goldman Sachs Group by 729.6% during the first quarter. NorthCoast Asset Management LLC now owns 75,930 shares of the investment management company’s stock worth $17,443,000 after buying an additional 66,777 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of Goldman Sachs Group by 10.7% in the first quarter. Parallel Advisors LLC now owns 558 shares of the investment management company’s stock valued at $126,000 after purchasing an additional 54 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Goldman Sachs Group by 3.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,440,198 shares of the investment management company’s stock valued at $560,573,000 after purchasing an additional 87,995 shares in the last quarter. Aureus Asset Management LLC raised its stake in shares of Goldman Sachs Group by 13.6% in the first quarter. Aureus Asset Management LLC now owns 1,252 shares of the investment management company’s stock valued at $281,000 after purchasing an additional 150 shares in the last quarter. Finally, Northside Capital Management LLC raised its stake in shares of Goldman Sachs Group by 132.0% in the first quarter. Northside Capital Management LLC now owns 6,855 shares of the investment management company’s stock valued at $1,575,000 after purchasing an additional 3,900 shares in the last quarter. 73.35% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently commented on GS. Vertical Group upgraded Goldman Sachs Group from a “sell” rating to a “hold” rating in a research note on Friday, December 8th. Citigroup restated a “neutral” rating and issued a $250.00 target price (up from $225.00) on shares of Goldman Sachs Group in a research note on Monday, October 9th. Credit Suisse Group lowered Goldman Sachs Group from an “outperform” rating to a “neutral” rating and upped their target price for the company from $240.00 to $255.00 in a research note on Monday, October 9th. They noted that the move was a valuation call. BMO Capital Markets restated a “hold” rating and issued a $202.00 target price on shares of Goldman Sachs Group in a research note on Friday, October 6th. Finally, Bank of America upped their target price 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. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $246.10.

In related news, insider Harvey M. Schwartz sold 25,000 shares of the firm’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $245.00, for a total value of $6,125,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Vice Chairman Richard J. Gnodde sold 4,951 shares of the firm’s stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $239.95, for a total value of $1,187,992.45. The disclosure for this sale can be found here. Insiders have sold 135,177 shares of company stock worth $32,435,160 in the last 90 days. Company insiders own 2.57% of the company’s stock.

Shares of Goldman Sachs Group Inc (NYSE GS) traded down $2.12 during trading hours on Thursday, reaching $255.56. The company’s stock had a trading volume of 3,482,300 shares, compared to its average volume of 3,272,948. Goldman Sachs Group Inc has a 52-week low of $209.62 and a 52-week high of $260.50. The company has a market capitalization of $97,197.28, a PE ratio of 13.42, a price-to-earnings-growth ratio of 1.31 and a beta of 1.47. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 2.82.

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 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 return on equity of 11.34% and a net margin of 26.42%. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.88 earnings per share. 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 announced a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th will be issued a dividend of $0.75 per share. 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 payout ratio is presently 15.63%.

WARNING: This report was first posted by Daily Political and is owned by of Daily Political. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international copyright and trademark law. The original version of this report can be accessed at https://www.dailypolitical.com/2017/12/14/goldman-sachs-group-inc-gs-holdings-raised-by-amp-capital-investors-ltd.html.

Goldman Sachs Group 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)

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