Winfield Associates Inc. cut its stake in Goldman Sachs Group, Inc. (The) (NYSE:GS) by 11.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,680 shares of the investment management company’s stock after selling 765 shares during the period. Winfield Associates Inc.’s holdings in Goldman Sachs Group, Inc. (The) were worth $916,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in GS. Thomas J. Herzfeld Advisors Inc. purchased a new position in Goldman Sachs Group, Inc. (The) during the second quarter valued at about $102,000. Alpha Windward LLC increased its position in Goldman Sachs Group, Inc. (The) by 2.2% in the third quarter. Alpha Windward LLC now owns 838 shares of the investment management company’s stock valued at $135,000 after buying an additional 18 shares in the last quarter. Cedar Wealth Management LLC increased its position in Goldman Sachs Group, Inc. (The) by 42.9% in the second quarter. Cedar Wealth Management LLC now owns 946 shares of the investment management company’s stock valued at $141,000 after buying an additional 284 shares in the last quarter. Krilogy Financial LLC increased its position in Goldman Sachs Group, Inc. (The) by 227.8% in the second quarter. Krilogy Financial LLC now owns 1,213 shares of the investment management company’s stock valued at $180,000 after buying an additional 843 shares in the last quarter. Finally, Hudock Capital Group LLC increased its position in Goldman Sachs Group, Inc. (The) by 22.7% in the second quarter. Hudock Capital Group LLC now owns 1,287 shares of the investment management company’s stock valued at $191,000 after buying an additional 238 shares in the last quarter. 69.43% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Goldman Sachs Group, Inc. (The) (NYSE:GS)

Goldman Sachs Group, Inc. (NYSE:GS) traded up 0.19% on Friday, reaching $244.30. 4,185,876 shares of the company’s stock traded hands. The stock has a market cap of $102.31 billion, a price-to-earnings ratio of 19.61 and a beta of 1.61. The company’s 50 day moving average is $236.05 and its 200-day moving average is $185.36. Goldman Sachs Group, Inc. has a 52-week low of $138.20 and a 52-week high of $247.77.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last announced its quarterly earnings data on Tuesday, October 18th. The investment management company reported $4.88 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.79 by $1.09. Goldman Sachs Group, Inc. (The) had a net margin of 19.58% and a return on equity of 9.73%. The company earned $8.17 billion during the quarter, compared to analysts’ expectations of $7.41 billion. During the same quarter in the prior year, the company earned $4.51 EPS. The firm’s revenue was up 19.0% on a year-over-year basis. Equities analysts expect that Goldman Sachs Group, Inc. will post $15.81 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 29th. Stockholders of record on Thursday, December 1st were paid a $0.65 dividend. The ex-dividend date of this dividend was Tuesday, November 29th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.06%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio (DPR) is 20.72%.

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GS has been the subject of several recent research reports. Rafferty Capital Markets upgraded shares of Goldman Sachs Group, Inc. (The) from a “hold” rating to a “buy” rating and set a $184.00 target price for the company in a research report on Monday, October 17th. Macquarie upgraded shares of Goldman Sachs Group, Inc. (The) from a “neutral” rating to an “outperform” rating and set a $245.00 target price for the company in a research report on Wednesday, December 28th. Royal Bank Of Canada upped their target price on shares of Goldman Sachs Group, Inc. (The) from $160.00 to $170.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 19th. J P Morgan Chase & Co set a $176.00 target price on shares of Goldman Sachs Group, Inc. (The) and gave the company a “buy” rating in a research report on Thursday, September 22nd. Finally, Barclays PLC reiterated an “equal weight” rating and set a $210.00 target price on shares of Goldman Sachs Group, Inc. (The) in a research report on Tuesday, October 11th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $208.84.

In other news, insider Sarah G. Smith sold 2,664 shares of the company’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of $180.00, for a total value of $479,520.00. Following the completion of the sale, the insider now owns 13,075 shares of the company’s stock, valued at approximately $2,353,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sarah G. Smith sold 218 shares of the company’s stock in a transaction on Friday, November 18th. The shares were sold at an average price of $211.47, for a total transaction of $46,100.46. Following the completion of the sale, the insider now directly owns 22,103 shares of the company’s stock, valued at approximately $4,674,121.41. The disclosure for this sale can be found here. 2.61% of the stock is currently owned by insiders.

Goldman Sachs Group, Inc. (The) Company Profile

The Goldman Sachs Group, Inc is a bank holding company and a financial holding company. The Company operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Company’s Investment Banking segment provides financial advisory services, which include advisory assignments with respect to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs and risk management.

5 Day Chart for NYSE:GS

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