Afam Capital Inc. boosted its position in Goldman Sachs Group Inc (NYSE:GS) by 2.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,547 shares of the investment management company’s stock after buying an additional 526 shares during the quarter. Afam Capital Inc.’s holdings in Goldman Sachs Group were worth $4,636,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in GS. BlackRock Inc. grew its position in shares of 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 purchasing an additional 23,847,154 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Goldman Sachs Group by 1.3% in the second quarter. Vanguard Group Inc. now owns 24,072,777 shares of the investment management company’s stock valued at $5,341,749,000 after purchasing an additional 304,400 shares in the last quarter. Capital World Investors grew its position in shares of Goldman Sachs Group by 10.5% in the second quarter. Capital World Investors now owns 7,649,583 shares of the investment management company’s stock valued at $1,697,442,000 after purchasing an additional 726,582 shares in the last quarter. Capital Research Global Investors grew its position in shares of Goldman Sachs Group by 4.0% in the second quarter. Capital Research Global Investors now owns 6,918,409 shares of the investment management company’s stock valued at $1,535,195,000 after purchasing an additional 265,784 shares in the last quarter. Finally, Greenhaven Associates Inc. grew its position in shares of Goldman Sachs Group by 2.5% in the second quarter. Greenhaven Associates Inc. now owns 3,793,287 shares of the investment management company’s stock valued at $841,730,000 after purchasing an additional 91,200 shares in the last quarter. 73.27% of the stock is owned by institutional investors and hedge funds.
In related news, VP Gregory K. Palm sold 4,620 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $238.99, for a total transaction of $1,104,133.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Vice Chairman Richard J. Gnodde sold 4,951 shares of the business’s stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $239.95, for a total value of $1,187,992.45. The disclosure for this sale can be found here. In the last quarter, insiders sold 135,177 shares of company stock worth $32,435,160. Company insiders own 2.57% of the company’s stock.
Goldman Sachs Group Inc (NYSE GS) traded down $1.25 on Wednesday, hitting $257.72. The stock had a trading volume of 1,289,300 shares, compared to its average volume of 3,256,835. The stock has a market capitalization of $97,680.00, a P/E ratio of 13.39, a P/E/G ratio of 1.13 and a beta of 1.46. The company has a debt-to-equity ratio of 2.82, a quick ratio of 0.90 and a current ratio of 0.90. Goldman Sachs Group Inc has a 1 year low of $209.62 and a 1 year high of $262.14.
Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data 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 firm had revenue of $8.33 billion for the quarter, compared to the consensus estimate of $7.59 billion. Goldman Sachs Group had a return on equity of 11.34% and a net margin of 26.42%. The company’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.88 earnings per share. analysts expect that Goldman Sachs Group Inc will post 19.08 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $3.00 annualized dividend and a dividend yield of 1.16%. Goldman Sachs Group’s dividend payout ratio is currently 15.58%.
Several equities research analysts recently issued reports on the company. Zacks Investment Research lowered Goldman Sachs Group from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th. Wells Fargo & Co reissued an “outperform” rating and set a $295.00 price objective (up previously from $265.00) on shares of Goldman Sachs Group in a research note on Wednesday, December 20th. Vertical Group raised Goldman Sachs Group from a “sell” rating to a “hold” rating in a research note on Friday, December 8th. Bank of America lifted their price objective on Goldman Sachs Group from $290.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, December 7th. Finally, JPMorgan Chase & Co. reissued a “buy” rating on shares of Goldman Sachs Group in a research note on Monday, November 20th. Two investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Goldman Sachs Group currently has a consensus rating of “Hold” and a consensus price target of $248.10.
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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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