Commonwealth Bank of Australia boosted its position in shares of Goldman Sachs Group Inc (NYSE:GS) by 5.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,023 shares of the investment management company’s stock after acquiring an additional 4,390 shares during the quarter. Commonwealth Bank of Australia’s holdings in Goldman Sachs Group were worth $18,738,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. raised its position in Goldman Sachs Group by 3,301.2% during the first quarter. BlackRock Inc. now owns 24,569,536 shares of the investment management company’s stock worth $5,644,114,000 after acquiring an additional 23,847,154 shares in the last quarter. Vanguard Group Inc. raised its position in Goldman Sachs Group by 1.3% during the second quarter. Vanguard Group Inc. now owns 24,072,777 shares of the investment management company’s stock worth $5,341,749,000 after acquiring an additional 304,400 shares in the last quarter. State Street Corp raised its position in Goldman Sachs Group by 2.7% during the first quarter. State Street Corp now owns 22,851,344 shares of the investment management company’s stock worth $5,249,408,000 after acquiring an additional 603,165 shares in the last quarter. Capital World Investors raised its position in Goldman Sachs Group by 10.5% during the second quarter. Capital World Investors now owns 7,649,583 shares of the investment management company’s stock worth $1,697,442,000 after acquiring an additional 726,582 shares in the last quarter. Finally, Capital Research Global Investors raised its position in Goldman Sachs Group by 4.0% during the second quarter. Capital Research Global Investors now owns 6,918,409 shares of the investment management company’s stock worth $1,535,195,000 after acquiring an additional 265,784 shares in the last quarter. 73.35% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have issued reports on GS shares. 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 report on Friday, September 15th. Zacks Investment Research upgraded shares of Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $271.00 price objective on the stock in a report on Friday, October 20th. Bank of America upped their price objective on shares of Goldman Sachs Group from $290.00 to $300.00 and gave the company a “buy” rating in a report on Thursday. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $240.00 price objective on shares of Goldman Sachs Group in a report on Thursday, August 31st. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $246.10.
Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Tuesday, October 17th. The investment management company reported $5.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 26.42% and a return on equity of 11.34%. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the prior year, the company posted $4.88 earnings per share. research analysts anticipate that Goldman Sachs Group Inc will post 19.03 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, November 30th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $3.00 dividend on an annualized basis and a yield of 1.20%. Goldman Sachs Group’s payout ratio is 15.63%.
In other news, insider David M. Solomon sold 12,707 shares of the stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $237.94, for a total value of $3,023,503.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David M. Solomon sold 2,400 shares of the stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $238.49, for a total transaction of $572,376.00. The disclosure for this sale can be found here. Insiders have sold 135,177 shares of company stock worth $32,435,160 over the last quarter. Corporate insiders own 2.57% of the company’s stock.
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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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