Goldman Sachs Group Inc (GS) Holdings Trimmed by Adams Diversified Equity Fund Inc.

Adams Diversified Equity Fund Inc. trimmed its holdings in Goldman Sachs Group Inc (NYSE:GS) by 50.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 25,100 shares of the investment management company’s stock after selling 25,400 shares during the quarter. Adams Diversified Equity Fund Inc.’s holdings in Goldman Sachs Group were worth $5,628,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Principal Financial Group Inc. boosted its position in shares of Goldman Sachs Group by 8.5% during the 1st quarter. Principal Financial Group Inc. now owns 683,349 shares of the investment management company’s stock valued at $172,109,000 after acquiring an additional 53,448 shares during the last quarter. Summit Trail Advisors LLC boosted its position in shares of Goldman Sachs Group by 91.0% during the 1st quarter. Summit Trail Advisors LLC now owns 7,427 shares of the investment management company’s stock valued at $945,000 after acquiring an additional 3,539 shares during the last quarter. Brown Advisory Inc. boosted its position in shares of Goldman Sachs Group by 5.0% during the 1st quarter. Brown Advisory Inc. now owns 29,679 shares of the investment management company’s stock valued at $7,474,000 after acquiring an additional 1,400 shares during the last quarter. Neville Rodie & Shaw Inc. lifted its position in Goldman Sachs Group by 3.7% in the second quarter. Neville Rodie & Shaw Inc. now owns 10,265 shares of the investment management company’s stock worth $2,264,000 after buying an additional 370 shares during the last quarter. Finally, Washington Trust Bank lifted its position in Goldman Sachs Group by 3.6% in the second quarter. Washington Trust Bank now owns 33,200 shares of the investment management company’s stock worth $7,323,000 after buying an additional 1,147 shares during the last quarter. Institutional investors and hedge funds own 71.24% of the company’s stock.

GS stock opened at $214.49 on Tuesday. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.90 and a current ratio of 0.90. Goldman Sachs Group Inc has a twelve month low of $208.40 and a twelve month high of $275.31. The firm has a market capitalization of $80.18 billion, a price-to-earnings ratio of 10.85, a price-to-earnings-growth ratio of 0.69 and a beta of 1.28.

Goldman Sachs Group (NYSE:GS) last released its earnings results on Tuesday, October 16th. The investment management company reported $6.28 earnings per share for the quarter, topping analysts’ consensus estimates of $5.38 by $0.90. Goldman Sachs Group had a return on equity of 13.57% and a net margin of 16.68%. The business had revenue of $8.65 billion for the quarter, compared to analyst estimates of $8.43 billion. During the same quarter last year, the firm posted $5.02 earnings per share. The business’s revenue was up 3.8% compared to the same quarter last year. Sell-side analysts predict that Goldman Sachs Group Inc will post 25.43 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, November 30th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $3.20 dividend on an annualized basis and a yield of 1.49%. Goldman Sachs Group’s payout ratio is 16.19%.

In other Goldman Sachs Group news, insider David M. Solomon sold 8,488 shares of the stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $237.92, for a total value of $2,019,464.96. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.71% of the company’s stock.

GS has been the subject of a number of analyst reports. Oppenheimer raised their price target on Goldman Sachs Group from $304.00 to $335.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 18th. Zacks Investment Research upgraded Goldman Sachs Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 18th. JPMorgan Chase & Co. restated a “buy” rating and issued a $285.00 price target on shares of Goldman Sachs Group in a research report on Tuesday, October 16th. BMO Capital Markets raised their price target on Goldman Sachs Group from $261.00 to $276.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 17th. They noted that the move was a valuation call. Finally, Keefe, Bruyette & Woods lowered their price target on Goldman Sachs Group from $260.00 to $255.00 and set a “hold” rating for the company in a research report on Wednesday, July 18th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $281.84.

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

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