Starfire Investment Advisers Inc. decreased its position in shares of Goldman Sachs Group Inc (NYSE:GS) by 11.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,334 shares of the investment management company’s stock after selling 307 shares during the quarter. Starfire Investment Advisers Inc.’s holdings in Goldman Sachs Group were worth $523,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Principal Financial Group Inc. lifted its stake in Goldman Sachs Group by 8.5% in the 1st quarter. Principal Financial Group Inc. now owns 683,349 shares of the investment management company’s stock valued at $172,109,000 after purchasing an additional 53,448 shares during the last quarter. Xact Kapitalforvaltning AB lifted its stake in Goldman Sachs Group by 3.2% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 71,238 shares of the investment management company’s stock valued at $15,713,000 after purchasing an additional 2,214 shares during the last quarter. Gofen & Glossberg LLC IL lifted its stake in Goldman Sachs Group by 7.6% in the 2nd quarter. Gofen & Glossberg LLC IL now owns 7,830 shares of the investment management company’s stock valued at $1,727,000 after purchasing an additional 550 shares during the last quarter. FormulaFolio Investments LLC acquired a new stake in Goldman Sachs Group in the 2nd quarter valued at about $267,000. Finally, Mckinley Capital Management LLC Delaware acquired a new stake in Goldman Sachs Group in the 2nd quarter valued at about $309,000. 71.32% of the stock is currently owned by institutional investors and hedge funds.

Shares of GS stock opened at $222.65 on Friday. The company has a debt-to-equity ratio of 3.04, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market cap of $86.03 billion, a price-to-earnings ratio of 11.27, a P/E/G ratio of 0.76 and a beta of 1.15. Goldman Sachs Group Inc has a 12-month low of $208.40 and a 12-month high of $275.31.

Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Tuesday, October 16th. The investment management company reported $6.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $5.38 by $0.90. The firm had revenue of $8.65 billion during the quarter, compared to the consensus estimate of $8.43 billion. Goldman Sachs Group had a net margin of 16.68% and a return on equity of 14.10%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period last year, the business posted $5.02 earnings per share. On average, sell-side analysts anticipate that Goldman Sachs Group Inc will post 25.32 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, November 30th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $3.20 annualized dividend and a yield of 1.44%. Goldman Sachs Group’s dividend payout ratio (DPR) is presently 16.19%.

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $285.00 target price on shares of Goldman Sachs Group in a research note on Monday, September 10th. Zacks Investment Research downgraded shares of Goldman Sachs Group from a “buy” rating to a “hold” rating in a research note on Wednesday, September 12th. Wolfe Research assumed coverage on shares of Goldman Sachs Group in a research note on Tuesday, September 25th. They issued an “outperform” rating for the company. Wells Fargo & Co reiterated a “buy” rating on shares of Goldman Sachs Group in a research note on Thursday, September 20th. Finally, Societe Generale upgraded shares of Goldman Sachs Group from a “sell” rating to a “hold” rating in a research note on Wednesday, July 18th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $281.84.

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About Goldman Sachs Group

The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.

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

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