Delphi Management Inc. MA reduced its stake in shares of Goldman Sachs Group Inc (NYSE:GS) by 3.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,048 shares of the investment management company’s stock after selling 405 shares during the quarter. Goldman Sachs Group accounts for approximately 1.5% of Delphi Management Inc. MA’s holdings, making the stock its 17th biggest position. Delphi Management Inc. MA’s holdings in Goldman Sachs Group were worth $2,620,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in GS. Amalgamated Bank increased its holdings in Goldman Sachs Group by 6.2% in the 1st quarter. Amalgamated Bank now owns 26,874 shares of the investment management company’s stock valued at $6,173,000 after buying an additional 1,573 shares during the period. Invictus RG bought a new stake in Goldman Sachs Group in the 1st quarter valued at $222,000. New England Asset Management Inc. increased its holdings in Goldman Sachs Group by 440.8% in the 1st quarter. New England Asset Management Inc. now owns 2,331,063 shares of the investment management company’s stock valued at $535,492,000 after buying an additional 1,900,000 shares during the period. Gotham Asset Management LLC increased its holdings in Goldman Sachs Group by 90.1% in the 1st quarter. Gotham Asset Management LLC now owns 11,706 shares of the investment management company’s stock valued at $2,689,000 after buying an additional 5,548 shares during the period. Finally, BlueCrest Capital Management Ltd increased its holdings in Goldman Sachs Group by 561.3% in the 1st quarter. BlueCrest Capital Management Ltd now owns 12,088 shares of the investment management company’s stock valued at $2,777,000 after buying an additional 10,260 shares during the period. Hedge funds and other institutional investors own 73.27% of the company’s stock.
Goldman Sachs Group Inc (GS) opened at $256.48 on Wednesday. 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 52-week low of $209.62 and a 52-week high of $262.00. The stock has a market cap of $98,079.93, a PE ratio of 13.54, a price-to-earnings-growth ratio of 1.32 and a beta of 1.47.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, November 30th will be given a $0.75 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.17%. Goldman Sachs Group’s dividend payout ratio is 15.63%.
Several equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $271.00 price target on the stock in a report on Friday, October 20th. Vertical Group raised shares of Goldman Sachs Group from a “sell” rating to a “hold” rating in a report on Friday, December 8th. Bank of America boosted their price target on shares of Goldman Sachs Group from $290.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, December 7th. Buckingham Research reaffirmed a “neutral” rating and issued a $250.00 target price (up previously from $243.00) on shares of Goldman Sachs Group in a report on Wednesday, October 18th. Finally, TheStreet raised shares of Goldman Sachs Group from a “c+” rating to a “b” rating in a report on Friday, October 13th. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. Goldman Sachs Group has an average rating of “Hold” and a consensus target price of $248.10.
In related news, Director David A. Viniar sold 7,393 shares of the 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Harvey M. Schwartz sold 25,000 shares of the stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $245.00, for a total transaction of $6,125,000.00. The disclosure for this sale can be found here. Insiders sold a total of 135,177 shares of company stock worth $32,435,160 over the last quarter. 2.57% of the stock is currently owned by corporate insiders.
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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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