SRS Capital Advisors Inc. grew its stake in Goldman Sachs Group Inc (NYSE:GS) by 88.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,128 shares of the investment management company’s stock after buying an additional 531 shares during the period. SRS Capital Advisors Inc.’s holdings in Goldman Sachs Group were worth $267,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Goldman Sachs Group by 3,301.2% during 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 purchasing an additional 23,847,154 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Goldman Sachs Group by 4,096.0% during the 2nd quarter. Janus Henderson Group PLC now owns 2,475,978 shares of the investment management company’s stock valued at $549,415,000 after purchasing an additional 2,416,970 shares in the last quarter. New England Asset Management Inc. boosted its position in shares of Goldman Sachs Group by 440.8% during the 1st quarter. New England Asset Management Inc. now owns 2,331,063 shares of the investment management company’s stock valued at $535,492,000 after purchasing an additional 1,900,000 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Goldman Sachs Group by 47.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,602,847 shares of the investment management company’s stock valued at $799,472,000 after purchasing an additional 1,152,869 shares in the last quarter. Finally, Harbour Capital Advisors LLC boosted its position in shares of Goldman Sachs Group by 22,290.9% during the 2nd quarter. Harbour Capital Advisors LLC now owns 1,113,050 shares of the investment management company’s stock valued at $5,016,000 after purchasing an additional 1,108,079 shares in the last quarter. 73.35% of the stock is owned by institutional investors.

Goldman Sachs Group Inc (NYSE GS) opened at $257.17 on Monday. Goldman Sachs Group Inc has a fifty-two week low of $209.62 and a fifty-two week high of $260.50. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 2.82. The firm has a market capitalization of $97,005.04, a P/E ratio of 13.39, a PEG ratio of 1.30 and a beta of 1.47.

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

The business 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 $0.75 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.17%. Goldman Sachs Group’s dividend payout ratio is presently 15.63%.

GS has been the topic of several research analyst reports. 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 report on Monday, October 9th. They noted that the move was a valuation call. Royal Bank of Canada reiterated a “hold” rating and issued a $240.00 price target on shares of Goldman Sachs Group in a report on Thursday, August 31st. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $240.00 price target on shares of Goldman Sachs Group in a report on Thursday, October 19th. BMO Capital Markets increased their price target on Goldman Sachs Group from $202.00 to $217.00 and gave the stock a “market perform” rating in a report on Wednesday, October 18th. Finally, Zacks Investment Research lowered Goldman Sachs Group from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $246.10.

In other news, Director David A. Viniar sold 7,393 shares of the firm’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $245.18, for a total value of $1,812,615.74. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 disclosure for this sale can be found here. Insiders sold 135,177 shares of company stock worth $32,435,160 in the last 90 days. Corporate insiders own 2.57% of the company’s stock.

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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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Institutional Ownership by Quarter for Goldman Sachs Group (NYSE:GS)

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