New York State Teachers Retirement System Has $200.99 Million Stock Holdings in The Goldman Sachs Group, Inc. $GS

New York State Teachers Retirement System lowered its holdings in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 3.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 252,383 shares of the investment management company’s stock after selling 8,035 shares during the period. New York State Teachers Retirement System’s holdings in The Goldman Sachs Group were worth $200,985,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in GS. Winthrop Advisory Group LLC boosted its position in shares of The Goldman Sachs Group by 3.4% in the second quarter. Winthrop Advisory Group LLC now owns 429 shares of the investment management company’s stock valued at $303,000 after acquiring an additional 14 shares during the period. Avion Wealth raised its stake in The Goldman Sachs Group by 31.1% during the 2nd quarter. Avion Wealth now owns 59 shares of the investment management company’s stock valued at $41,000 after purchasing an additional 14 shares during the last quarter. KPP Advisory Services LLC boosted its holdings in The Goldman Sachs Group by 2.1% in the 2nd quarter. KPP Advisory Services LLC now owns 668 shares of the investment management company’s stock valued at $473,000 after purchasing an additional 14 shares during the period. FAS Wealth Partners Inc. grew its position in The Goldman Sachs Group by 2.2% in the 2nd quarter. FAS Wealth Partners Inc. now owns 653 shares of the investment management company’s stock worth $462,000 after purchasing an additional 14 shares during the last quarter. Finally, Ignite Planners LLC grew its position in The Goldman Sachs Group by 4.2% in the 3rd quarter. Ignite Planners LLC now owns 351 shares of the investment management company’s stock worth $280,000 after purchasing an additional 14 shares during the last quarter. 71.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on GS. Dbs Bank upped their price objective on shares of The Goldman Sachs Group from $800.00 to $890.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. Rothschild & Co Redburn raised their price objective on The Goldman Sachs Group from $608.00 to $748.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Deutsche Bank Aktiengesellschaft lifted their price objective on The Goldman Sachs Group from $725.00 to $790.00 and gave the stock a “hold” rating in a report on Tuesday, September 30th. Zacks Research lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 16th. Finally, Barclays raised their target price on The Goldman Sachs Group from $850.00 to $1,048.00 and gave the stock an “overweight” rating in a research report on Monday, January 5th. Five analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, The Goldman Sachs Group presently has a consensus rating of “Hold” and an average target price of $849.61.

Read Our Latest Stock Report on The Goldman Sachs Group

The Goldman Sachs Group News Summary

Here are the key news stories impacting The Goldman Sachs Group this week:

The Goldman Sachs Group Price Performance

Shares of GS stock opened at $939.04 on Friday. The stock’s fifty day simple moving average is $852.31 and its 200 day simple moving average is $784.01. The Goldman Sachs Group, Inc. has a one year low of $439.38 and a one year high of $961.69. The firm has a market cap of $281.65 billion, a price-to-earnings ratio of 19.07, a P/E/G ratio of 1.01 and a beta of 1.33. The company has a debt-to-equity ratio of 2.53, a current ratio of 0.65 and a quick ratio of 0.65.

The Goldman Sachs Group (NYSE:GSGet Free Report) last issued its quarterly earnings data on Tuesday, October 14th. The investment management company reported $12.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.27 by $1.98. The Goldman Sachs Group had a return on equity of 15.29% and a net margin of 13.18%.The company had revenue of $15.18 billion during the quarter, compared to analysts’ expectations of $13.68 billion. During the same period last year, the business earned $8.40 earnings per share. The business’s revenue was up 19.5% on a year-over-year basis. On average, analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd were paid a dividend of $4.00 per share. This represents a $16.00 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, December 2nd. The Goldman Sachs Group’s dividend payout ratio is currently 32.50%.

The Goldman Sachs Group Company Profile

(Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

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

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