Cetera Advisors LLC lessened its holdings in shares of Goldman Sachs Group Inc (NYSE:GS) by 11.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,609 shares of the investment management company’s stock after selling 574 shares during the period. Cetera Advisors LLC’s holdings in Goldman Sachs Group were worth $1,096,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. IFM Investors Pty Ltd bought a new stake in Goldman Sachs Group in the third quarter valued at $2,347,000. SRS Capital Advisors Inc. increased its stake in Goldman Sachs Group by 88.9% in the third quarter. SRS Capital Advisors Inc. now owns 1,128 shares of the investment management company’s stock valued at $267,000 after purchasing an additional 531 shares in the last quarter. Fieldpoint Private Securities LLC bought a new stake in Goldman Sachs Group in the third quarter valued at $421,000. Afam Capital Inc. increased its stake in Goldman Sachs Group by 2.8% in the third quarter. Afam Capital Inc. now owns 19,547 shares of the investment management company’s stock valued at $4,636,000 after purchasing an additional 526 shares in the last quarter. Finally, Marco Investment Management LLC increased its stake in Goldman Sachs Group by 1.0% in the third quarter. Marco Investment Management LLC now owns 68,956 shares of the investment management company’s stock valued at $16,356,000 after purchasing an additional 700 shares in the last quarter. Institutional investors own 73.27% of the company’s stock.
In other news, Director David A. Viniar sold 7,393 shares of the business’s stock in a transaction that occurred on Friday, October 20th. The shares were 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 available at the SEC website. Also, VP Gregory K. Palm sold 4,620 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $238.99, for a total transaction of $1,104,133.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 135,177 shares of company stock worth $32,435,160. Corporate insiders own 2.57% of the company’s stock.
Goldman Sachs Group (NYSE:GS) last released 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. The firm had revenue of $8.33 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the company earned $4.88 earnings per share. equities research analysts anticipate 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 1.15%. The ex-dividend date is Wednesday, November 29th. Goldman Sachs Group’s payout ratio is 15.63%.
Several equities research analysts have weighed in on GS shares. Zacks Investment Research raised shares of Goldman Sachs Group from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $240.00 price target on shares of Goldman Sachs Group in a research note on Thursday, August 31st. TheStreet downgraded shares of Goldman Sachs Group from a “b” rating to a “c+” rating in a research note on Thursday, September 7th. JMP Securities reaffirmed a “market perform” rating on shares of Goldman Sachs Group in a research note on Wednesday, September 13th. Finally, J P Morgan Chase & Co set a $260.00 price target on shares of Goldman Sachs Group and gave the company a “buy” rating in a research note on Friday, September 15th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Goldman Sachs Group presently has a consensus rating of “Hold” and a consensus target price of $246.10.
Goldman Sachs Group Profile
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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