Dynamic Technology Lab Private Ltd Has $1.48 Million Stake in Goldman Sachs Group Inc (GS)

Dynamic Technology Lab Private Ltd grew its position in Goldman Sachs Group Inc (NYSE:GS) by 100.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,600 shares of the investment management company’s stock after acquiring an additional 3,300 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Goldman Sachs Group were worth $1,480,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Massachusetts Financial Services Co. MA boosted its holdings in shares of Goldman Sachs Group by 3.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 11,736,573 shares of the investment management company’s stock valued at $2,631,807,000 after acquiring an additional 360,264 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Goldman Sachs Group by 1.6% in the third quarter. Bank of New York Mellon Corp now owns 3,316,799 shares of the investment management company’s stock valued at $743,759,000 after acquiring an additional 53,563 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Goldman Sachs Group by 4.6% in the third quarter. Dimensional Fund Advisors LP now owns 2,864,432 shares of the investment management company’s stock valued at $642,381,000 after acquiring an additional 125,910 shares in the last quarter. Pzena Investment Management LLC boosted its holdings in shares of Goldman Sachs Group by 2.4% in the third quarter. Pzena Investment Management LLC now owns 1,227,484 shares of the investment management company’s stock valued at $275,251,000 after acquiring an additional 28,887 shares in the last quarter. Finally, Prudential Financial Inc. boosted its holdings in shares of Goldman Sachs Group by 83.4% in the third quarter. Prudential Financial Inc. now owns 1,025,962 shares of the investment management company’s stock valued at $230,062,000 after acquiring an additional 466,410 shares in the last quarter. 70.94% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE GS opened at $179.67 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.04. Goldman Sachs Group Inc has a 52 week low of $179.00 and a 52 week high of $275.31. The stock has a market capitalization of $68.48 billion, a P/E ratio of 9.09, a P/E/G ratio of 0.60 and a beta of 1.11.

Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Tuesday, October 16th. The investment management company reported $6.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $5.38 by $0.90. The firm 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 14.10%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter last year, the business earned $5.02 earnings per share. As a group, research analysts anticipate that Goldman Sachs Group Inc will post 25.33 EPS 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 given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend is Thursday, November 29th. Goldman Sachs Group’s payout ratio is currently 16.19%.

GS has been the topic of several analyst reports. Bank of America lowered their target price on shares of Goldman Sachs Group to $280.00 in a report on Sunday, December 2nd. Zacks Investment Research upgraded shares of Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $249.00 price objective for the company in a research note on Tuesday, November 13th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $285.00 price objective on shares of Goldman Sachs Group in a research note on Monday, September 10th. Wells Fargo & Co reiterated a “buy” rating on shares of Goldman Sachs Group in a research note on Thursday, September 20th. Finally, Morgan Stanley cut shares of Goldman Sachs Group from an “overweight” rating to an “equal weight” rating and set a $226.00 price objective for the company. in a research note on Wednesday, November 21st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Goldman Sachs Group presently has a consensus rating of “Hold” and a consensus target price of $271.15.

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

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