South Dakota Investment Council lifted its position in Goldman Sachs Group Inc (NYSE:GS) by 4.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 109,789 shares of the investment management company’s stock after acquiring an additional 5,000 shares during the period. South Dakota Investment Council’s holdings in Goldman Sachs Group were worth $26,041,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its stake in Goldman Sachs Group by 3,301.2% in 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 buying an additional 23,847,154 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Goldman Sachs Group by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 24,072,777 shares of the investment management company’s stock worth $5,341,749,000 after buying an additional 304,400 shares during the last quarter. State Street Corp increased its holdings in shares of Goldman Sachs Group by 2.7% during the 1st quarter. State Street Corp now owns 22,851,344 shares of the investment management company’s stock worth $5,249,408,000 after buying an additional 603,165 shares during the last quarter. Capital World Investors increased its holdings in shares of Goldman Sachs Group by 10.5% during the 2nd quarter. Capital World Investors now owns 7,649,583 shares of the investment management company’s stock worth $1,697,442,000 after buying an additional 726,582 shares during the last quarter. Finally, Capital Research Global Investors increased its holdings in shares of Goldman Sachs Group by 4.0% during the 2nd quarter. Capital Research Global Investors now owns 6,918,409 shares of the investment management company’s stock worth $1,535,195,000 after buying an additional 265,784 shares during the last quarter. 73.35% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have recently issued reports on the stock. J P Morgan Chase & Co restated a “buy” rating on shares of Goldman Sachs Group in a report on Monday, November 20th. Royal Bank Of Canada restated a “hold” rating and set a $240.00 price target on shares of Goldman Sachs Group in a report on Wednesday, November 15th. Zacks Investment Research upgraded shares of Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $273.00 target price for the company in a report on Tuesday, November 7th. Vertical Group downgraded shares of Goldman Sachs Group from a “hold” rating to a “sell” rating in a report on Monday, November 6th. Finally, Societe Generale set a $198.00 target price on shares of Goldman Sachs Group and gave the company a “sell” rating in a report on Thursday, October 19th. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $244.65.
Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Tuesday, October 17th. The investment management company reported $5.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.17 by $0.85. The business had revenue of $8.33 billion during the quarter, compared to the consensus estimate of $7.59 billion. Goldman Sachs Group had a net margin of 26.42% and a return on equity of 11.34%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.88 earnings per share. research analysts expect that Goldman Sachs Group Inc will post 19.03 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, November 30th will be paid a $0.75 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $3.00 annualized dividend and a dividend yield of 1.21%. Goldman Sachs Group’s dividend payout ratio (DPR) is 15.63%.
In other Goldman Sachs Group news, insider David M. Solomon sold 12,707 shares of the business’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $237.94, for a total value of $3,023,503.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Richard J. Gnodde sold 4,951 shares of the business’s stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $239.95, for a total transaction of $1,187,992.45. The disclosure for this sale can be found here. In the last 90 days, insiders sold 135,177 shares of company stock valued at $32,435,160. 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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