Gillespie Robinson & Grimm Inc. boosted its position in Goldman Sachs Group Inc (NYSE:GS) by 1.0% during the third quarter, Holdings Channel reports. The institutional investor owned 60,422 shares of the investment management company’s stock after buying an additional 615 shares during the period. Gillespie Robinson & Grimm Inc.’s holdings in Goldman Sachs Group were worth $13,549,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently bought and sold shares of the stock. Moneta Group Investment Advisors LLC boosted its position in shares of Goldman Sachs Group by 7,719.0% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 23,457 shares of the investment management company’s stock worth $104,000 after purchasing an additional 23,157 shares in the last quarter. Zions Bancorporation purchased a new stake in shares of Goldman Sachs Group during the 2nd quarter worth $109,000. First Mercantile Trust Co. purchased a new stake in shares of Goldman Sachs Group during the 2nd quarter worth $110,000. Squar Milner Financial Services LLC purchased a new stake in shares of Goldman Sachs Group during the 2nd quarter worth $157,000. Finally, Canton Hathaway LLC purchased a new stake in shares of Goldman Sachs Group during the 3rd quarter worth $174,000. Hedge funds and other institutional investors own 70.99% of the company’s stock.
GS stock traded down $2.50 during trading on Thursday, hitting $225.78. The stock had a trading volume of 130,238 shares, compared to its average volume of 3,138,609. Goldman Sachs Group Inc has a 1-year low of $210.95 and a 1-year high of $275.31. The company has a market capitalization of $84.66 billion, a price-to-earnings ratio of 11.46, a PEG ratio of 0.72 and a beta of 1.28. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 3.02.
Goldman Sachs Group (NYSE:GS) last announced its earnings results on Tuesday, October 16th. The investment management company reported $6.28 earnings per share for the quarter, beating the consensus estimate of $5.38 by $0.90. Goldman Sachs Group had a net margin of 15.72% and a return on equity of 13.58%. The firm had revenue of $8.65 billion during the quarter, compared to the consensus estimate of $8.43 billion. During the same quarter in the previous year, the company posted $5.02 EPS. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. As a group, research analysts predict that Goldman Sachs Group Inc will post 24.69 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, November 30th will be paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date is Thursday, November 29th. Goldman Sachs Group’s dividend payout ratio is currently 16.19%.
In other news, insider David M. Solomon sold 8,488 shares of the company’s stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $237.92, for a total transaction of $2,019,464.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.71% of the company’s stock.
Several equities research analysts have commented on the stock. Zacks Investment Research upgraded shares of Goldman Sachs Group from a “sell” rating to a “hold” rating in a research report on Thursday. ValuEngine downgraded Goldman Sachs Group from a “hold” rating to a “sell” rating in a research note on Thursday, June 21st. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $285.00 price target on shares of Goldman Sachs Group in a research note on Tuesday. BMO Capital Markets lifted their price target on Goldman Sachs Group from $261.00 to $276.00 and gave the stock a “market perform” rating in a research note on Wednesday. They noted that the move was a valuation call. Finally, Keefe, Bruyette & Woods cut their price target on Goldman Sachs Group from $260.00 to $255.00 and set a “hold” rating for the company in a research note on Wednesday, July 18th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $276.90.
About Goldman Sachs Group
The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.
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