Goldman Sachs Group Inc (GS) Holdings Raised by AMP Capital Investors Ltd
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%.
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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.
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