Beacon Investment Advisory Services Inc. purchased a new position in Goldman Sachs Group Inc (NYSE:GS) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,500 shares of the investment management company’s stock, valued at approximately $356,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GS. BlackRock Inc. boosted its position in shares of Goldman Sachs Group by 3,301.2% during the 1st quarter. BlackRock Inc. now owns 24,569,536 shares of the investment management company’s stock valued at $5,644,114,000 after acquiring an additional 23,847,154 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Goldman Sachs Group by 4,096.0% during the 2nd quarter. Janus Henderson Group PLC now owns 2,475,978 shares of the investment management company’s stock valued at $549,415,000 after acquiring an additional 2,416,970 shares in the last quarter. New England Asset Management Inc. boosted its position in shares of Goldman Sachs Group by 440.8% during the 1st quarter. New England Asset Management Inc. now owns 2,331,063 shares of the investment management company’s stock valued at $535,492,000 after acquiring an additional 1,900,000 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Goldman Sachs Group by 47.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,602,847 shares of the investment management company’s stock valued at $799,472,000 after acquiring an additional 1,152,869 shares in the last quarter. Finally, Harbour Capital Advisors LLC boosted its position in shares of Goldman Sachs Group by 22,290.9% during the 2nd quarter. Harbour Capital Advisors LLC now owns 1,113,050 shares of the investment management company’s stock valued at $5,016,000 after acquiring an additional 1,108,079 shares in the last quarter. Institutional investors own 73.35% of the company’s stock.

In other Goldman Sachs Group news, insider David M. Solomon sold 12,707 shares of the business’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $237.94, for a total value of $3,023,503.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Harvey M. Schwartz sold 25,000 shares of the business’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $245.00, for a total transaction of $6,125,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 135,177 shares of company stock valued at $32,435,160. Insiders own 2.57% of the company’s stock.

Several analysts have recently weighed in on the stock. Buckingham Research reiterated a “neutral” rating and set a $250.00 target price (up from $243.00) on shares of Goldman Sachs Group in a research report on Wednesday, October 18th. Bank of America lifted their target price on shares of Goldman Sachs Group from $290.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, December 7th. Vertical Group upgraded shares of Goldman Sachs Group from a “sell” rating to a “hold” rating in a research report on Friday, December 8th. Citigroup reissued a “neutral” rating and set a $250.00 price target (up from $225.00) on shares of Goldman Sachs Group in a report on Monday, October 9th. Finally, TheStreet downgraded shares of Goldman Sachs Group from a “b” rating to a “c+” rating in a report on Thursday, September 7th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $246.10.

Goldman Sachs Group Inc (NYSE GS) opened at $257.17 on Friday. Goldman Sachs Group Inc has a 12 month low of $209.62 and a 12 month high of $260.50. The firm has a market cap of $96,367.44, a PE ratio of 13.31, a price-to-earnings-growth ratio of 1.30 and a beta of 1.47. The company has a debt-to-equity ratio of 2.82, a current ratio of 0.90 and a quick ratio of 0.90.

Goldman Sachs Group (NYSE:GS) last announced its earnings results on Tuesday, October 17th. The investment management company reported $5.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.17 by $0.85. Goldman Sachs Group had a net margin of 26.42% and a return on equity of 11.34%. The company had revenue of $8.33 billion during the quarter, compared to the consensus estimate of $7.59 billion. During the same period in the previous year, the firm posted $4.88 earnings per share. The company’s revenue was up 2.0% on a year-over-year basis. sell-side analysts anticipate that Goldman Sachs Group Inc will post 19.03 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, November 30th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date is Wednesday, November 29th. Goldman Sachs Group’s dividend payout ratio is presently 15.63%.

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Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.

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

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