Skandinaviska Enskilda Banken AB publ cut its holdings in Goldman Sachs Group Inc (NYSE:GS) by 4.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 58,777 shares of the investment management company’s stock after selling 2,900 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Goldman Sachs Group were worth $13,180,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the stock. Commerzbank Aktiengesellschaft FI lifted its position in shares of Goldman Sachs Group by 6.3% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 110,521 shares of the investment management company’s stock valued at $24,378,000 after buying an additional 6,535 shares during the last quarter. Exane Asset Management purchased a new stake in shares of Goldman Sachs Group during the second quarter valued at about $207,000. Macquarie Group Ltd. lifted its position in shares of Goldman Sachs Group by 3.2% during the second quarter. Macquarie Group Ltd. now owns 92,279 shares of the investment management company’s stock valued at $20,353,000 after buying an additional 2,848 shares during the last quarter. GAM Holding AG lifted its position in shares of Goldman Sachs Group by 44.1% during the second quarter. GAM Holding AG now owns 6,040 shares of the investment management company’s stock valued at $1,332,000 after buying an additional 1,848 shares during the last quarter. Finally, HRS Investment Holdings LLC lifted its position in shares of Goldman Sachs Group by 25.0% during the second quarter. HRS Investment Holdings LLC now owns 12,500 shares of the investment management company’s stock valued at $2,757,000 after buying an additional 2,500 shares during the last quarter. 71.32% of the stock is owned by institutional investors.
GS opened at $222.65 on Friday. Goldman Sachs Group Inc has a 52-week low of $208.40 and a 52-week high of $275.31. The company has a debt-to-equity ratio of 3.04, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market cap of $86.03 billion, a PE ratio of 11.27, a P/E/G ratio of 0.76 and a beta of 1.15.
Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Tuesday, October 16th. The investment management company reported $6.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $5.38 by $0.90. Goldman Sachs Group had a net margin of 16.68% and a return on equity of 14.10%. The company had revenue of $8.65 billion for the quarter, compared to the consensus estimate of $8.43 billion. During the same quarter in the prior year, the company earned $5.02 EPS. Goldman Sachs Group’s quarterly revenue was up 3.8% on a year-over-year basis. On average, analysts anticipate that Goldman Sachs Group Inc will post 25.32 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, November 30th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $3.20 annualized dividend and a yield of 1.44%. Goldman Sachs Group’s dividend payout ratio (DPR) is presently 16.19%.
Several analysts have commented on the stock. Zacks Investment Research raised shares of Goldman Sachs Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 18th. BMO Capital Markets upped their price objective on shares of Goldman Sachs Group from $261.00 to $276.00 and gave the company a “market perform” rating in a report on Wednesday, October 17th. They noted that the move was a valuation call. JPMorgan Chase & Co. restated a “buy” rating and set a $285.00 price objective on shares of Goldman Sachs Group in a report on Tuesday, October 16th. Wolfe Research started coverage on shares of Goldman Sachs Group in a report on Tuesday, September 25th. They set an “outperform” rating on the stock. Finally, Wells Fargo & Co restated a “buy” rating on shares of Goldman Sachs Group in a report on Thursday, September 20th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $281.84.
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Goldman Sachs Group 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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