Goldman Sachs Group Inc (GS) Shares Bought by Legal & General Group Plc

Legal & General Group Plc increased its holdings in shares of Goldman Sachs Group Inc (NYSE:GS) by 1.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,908,264 shares of the investment management company’s stock after purchasing an additional 28,696 shares during the quarter. Legal & General Group Plc owned 0.51% of Goldman Sachs Group worth $452,615,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. grew its position in Goldman Sachs Group by 3,301.2% in the first quarter. BlackRock Inc. now owns 24,569,536 shares of the investment management company’s stock valued at $5,644,114,000 after acquiring an additional 23,847,154 shares in the last quarter. Janus Henderson Group PLC grew its position in Goldman Sachs Group by 4,096.0% in the second quarter. Janus Henderson Group PLC now owns 2,475,978 shares of the investment management company’s stock valued at $549,415,000 after acquiring an additional 2,416,970 shares in the last quarter. New England Asset Management Inc. grew its position in Goldman Sachs Group by 440.8% in the first 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 acquiring an additional 1,900,000 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Goldman Sachs Group by 47.1% in the second 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 acquiring an additional 1,152,869 shares in the last quarter. Finally, Harbour Capital Advisors LLC grew its position in Goldman Sachs Group by 22,290.9% in the second quarter. Harbour Capital Advisors LLC now owns 1,113,050 shares of the investment management company’s stock valued at $5,016,000 after acquiring an additional 1,108,079 shares in the last quarter. 73.35% of the stock is owned by hedge funds and other institutional investors.

In related news, insider David M. Solomon sold 12,707 shares of Goldman Sachs Group stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $237.94, for a total transaction of $3,023,503.58. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Vice Chairman Richard J. Gnodde sold 5,718 shares of Goldman Sachs Group stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $238.99, for a total value of $1,366,544.82. The disclosure for this sale can be found here. Insiders sold 135,177 shares of company stock worth $32,435,160 over the last quarter. 2.57% of the stock is currently owned by company insiders.

GS has been the subject of several recent research reports. TheStreet raised shares of Goldman Sachs Group from a “c+” rating to a “b” rating in a research report on Friday, October 13th. J P Morgan Chase & Co set a $260.00 price objective on shares of Goldman Sachs Group and gave the company a “buy” rating in a research report on Friday, September 15th. Zacks Investment Research raised shares of Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $271.00 price objective for the company in a research report on Friday, October 20th. Bank of America increased their price objective on shares of Goldman Sachs Group from $290.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $240.00 target price on shares of Goldman Sachs Group in a research note on Thursday, August 31st. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $246.10.

Shares of Goldman Sachs Group Inc (GS) traded down $2.38 on Thursday, reaching $245.95. The company had a trading volume of 2,331,400 shares, compared to its average volume of 3,286,980. Goldman Sachs Group Inc has a 52-week low of $209.62 and a 52-week high of $255.15. The company has a market capitalization of $93,670.45, a PE ratio of 12.93, a PEG ratio of 1.26 and a beta of 1.47. The company has a debt-to-equity ratio of 2.82, a current ratio of 0.90 and a quick ratio of 0.90.

Goldman Sachs Group (NYSE:GS) last posted its earnings results on Tuesday, October 17th. The investment management company reported $5.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period last year, the business posted $4.88 earnings per share. sell-side analysts predict that Goldman Sachs Group Inc will post 19.03 EPS for the current year.

The business also recently announced 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. This represents a $3.00 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Wednesday, November 29th. Goldman Sachs Group’s payout ratio is 15.63%.

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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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