Amundi Pioneer Asset Management Inc. Decreases Stake in Goldman Sachs Group Inc (GS)

Amundi Pioneer Asset Management Inc. reduced its holdings in Goldman Sachs Group Inc (NYSE:GS) by 86.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 91,750 shares of the investment management company’s stock after selling 564,500 shares during the period. Amundi Pioneer Asset Management Inc.’s holdings in Goldman Sachs Group were worth $21,762,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Sumitomo Mitsui Financial Group Inc. acquired a new stake in Goldman Sachs Group during the second quarter worth about $101,000. WealthTrust Arizona LLC increased its position in Goldman Sachs Group by 97.1% during the second quarter. WealthTrust Arizona LLC now owns 469 shares of the investment management company’s stock worth $104,000 after purchasing an additional 231 shares during the last quarter. Sterling Investment Advisors Ltd. increased its position in Goldman Sachs Group by 35.7% during the second quarter. Sterling Investment Advisors Ltd. now owns 475 shares of the investment management company’s stock worth $105,000 after purchasing an additional 125 shares during the last quarter. Shine Investment Advisory Services Inc. acquired a new stake in Goldman Sachs Group during the second quarter worth about $111,000. Finally, Gs Investments Inc. acquired a new stake in Goldman Sachs Group during the second quarter worth about $111,000. 73.35% of the stock is currently 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 that occurred 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman Richard J. Gnodde sold 4,951 shares of Goldman Sachs Group stock in a transaction that occurred 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. Insiders sold 135,177 shares of company stock valued at $32,435,160 in the last quarter. 2.57% of the stock is owned by insiders.

Goldman Sachs Group Inc (GS) traded down $2.38 during midday trading on Thursday, hitting $245.95. 2,331,400 shares of the stock traded hands, compared to its average volume of 3,286,980. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 2.82. Goldman Sachs Group Inc has a twelve month low of $209.62 and a twelve month high of $255.15. The stock has a market capitalization of $93,670.45, a price-to-earnings ratio of 12.93, a price-to-earnings-growth ratio of 1.26 and a beta of 1.47.

Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Tuesday, October 17th. The investment management company reported $5.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.17 by $0.85. Goldman Sachs Group had a net margin of 26.42% and a return on equity of 11.34%. The business had revenue of $8.33 billion during the quarter, compared to analyst estimates of $7.59 billion. During the same quarter last year, the firm posted $4.88 earnings per share. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. analysts forecast that Goldman Sachs Group Inc will post 19.03 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Wednesday, November 29th. Goldman Sachs Group’s payout ratio is 15.63%.

Several research firms recently issued reports on GS. Bank of America raised their price objective on shares of Goldman Sachs Group from $290.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday. cut shares of Goldman Sachs Group from a “buy” rating to a “hold” rating and lifted their price target for the company from $223.80 to $250.00 in a research report on Friday, August 11th. Buckingham Research reiterated a “neutral” rating and set a $250.00 price target (up from $243.00) on shares of Goldman Sachs Group in a research report on Wednesday, October 18th. Wells Fargo & Company started coverage on shares of Goldman Sachs Group in a research report on Wednesday, August 9th. They set an “outperform” rating and a $265.00 price target for the company. Finally, Citigroup reiterated a “neutral” rating and set a $250.00 price target (up from $225.00) on shares of Goldman Sachs Group in a research report on Monday, October 9th. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $246.10.

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Goldman Sachs Group Company 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.

Institutional Ownership by Quarter for Goldman Sachs Group (NYSE:GS)

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