R. G. Niederhoffer Capital Management Inc. purchased a new position in Goldman Sachs Group Inc (NYSE:GS) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 3,800 shares of the investment management company’s stock, valued at approximately $852,000. Goldman Sachs Group accounts for about 5.1% of R. G. Niederhoffer Capital Management Inc.’s portfolio, making the stock its 6th largest position.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC increased its stake in shares of Goldman Sachs Group by 7,719.0% in the second 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 in the second quarter worth $109,000. Palo Capital Inc. purchased a new stake in shares of Goldman Sachs Group in the third quarter worth $109,000. First Mercantile Trust Co. purchased a new stake in shares of Goldman Sachs Group in the second quarter worth $110,000. Finally, Asset Advisors Investment Management LLC purchased a new stake in shares of Goldman Sachs Group in the third quarter worth $115,000. Institutional investors and hedge funds own 71.24% of the company’s stock.
A number of analysts have recently issued reports on GS shares. Zacks Investment Research cut shares of Goldman Sachs Group from a “buy” rating to a “hold” rating in a research note on Monday, July 9th. JPMorgan Chase & Co. reissued a “buy” rating and issued a $280.00 price objective on shares of Goldman Sachs Group in a research note on Tuesday, July 17th. Credit Suisse Group raised shares of Goldman Sachs Group from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 17th. Keefe, Bruyette & Woods reduced their price objective on shares of 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. Finally, Oppenheimer increased their price objective on shares of Goldman Sachs Group from $304.00 to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 18th. Two equities research 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. Goldman Sachs Group currently has an average rating of “Hold” and an average target price of $281.84.
Goldman Sachs Group (NYSE:GS) last posted its earnings results on Tuesday, October 16th. The investment management company reported $6.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $5.38 by $0.90. The company had revenue of $8.65 billion during the quarter, compared to analysts’ expectations of $8.43 billion. Goldman Sachs Group had a net margin of 16.68% and a return on equity of 13.57%. Goldman Sachs Group’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period last year, the company posted $5.02 earnings per share. As a group, research analysts predict that Goldman Sachs Group Inc will post 25.43 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, November 30th will be paid a dividend of $0.80 per share. The ex-dividend date is Thursday, November 29th. This represents a $3.20 annualized dividend and a yield of 1.41%. Goldman Sachs Group’s payout ratio is 16.19%.
Goldman Sachs Group Company Profile
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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