Brown Advisory Inc. lowered its stake in Goldman Sachs Group Inc (NYSE:GS) by 26.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,799 shares of the investment management company’s stock after selling 8,804 shares during the period. Brown Advisory Inc.’s holdings in Goldman Sachs Group were worth $5,882,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in GS. BlackRock Inc. boosted its stake in Goldman Sachs Group by 3,301.2% in the first 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 during the last quarter. Janus Henderson Group PLC boosted its stake in Goldman Sachs Group by 4,096.0% in the second 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 during the last quarter. New England Asset Management Inc. boosted its stake in Goldman Sachs Group by 440.8% in the first 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 during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Goldman Sachs Group by 47.1% in the second 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 during the last quarter. Finally, Harbour Capital Advisors LLC boosted its stake in Goldman Sachs Group by 22,290.9% in the second 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 during the last quarter. 73.35% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Goldman Sachs Group Inc (NYSE GS) opened at $250.35 on Friday. 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 Inc has a 52 week low of $209.62 and a 52 week high of $255.15. The stock has a market cap of $94,432.52, a price-to-earnings ratio of 13.04, a price-to-earnings-growth ratio of 1.27 and a beta of 1.47.

Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Tuesday, October 17th. The investment management company reported $5.02 earnings per share (EPS) for the quarter, beating the 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 firm had revenue of $8.33 billion for the quarter, compared to analyst estimates of $7.59 billion. During the same period in the previous year, the business earned $4.88 EPS. The company’s revenue was up 2.0% compared to the same quarter last year. equities research analysts anticipate that Goldman Sachs Group Inc will post 19.03 earnings per share for the current fiscal year.

The firm also recently declared 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. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $3.00 annualized dividend and a yield of 1.20%. Goldman Sachs Group’s payout ratio is currently 15.63%.

In other Goldman Sachs Group news, Vice Chairman Richard J. Gnodde sold 4,951 shares of Goldman Sachs Group stock in a transaction on Wednesday, October 18th. The shares were sold at an average price of $239.95, for a total value of $1,187,992.45. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David A. Viniar sold 7,393 shares of Goldman Sachs Group stock in a transaction on Friday, October 20th. The shares were sold at an average price of $245.18, for a total transaction of $1,812,615.74. The disclosure for this sale can be found here. Insiders sold a total of 135,177 shares of company stock worth $32,435,160 over the last quarter. Company insiders own 2.57% of the company’s stock.

A number of brokerages have issued reports on GS. Vertical Group raised shares of Goldman Sachs Group from a “sell” rating to a “hold” rating in a research note on Friday. Citigroup reaffirmed a “neutral” rating and issued a $250.00 price objective (up from $225.00) on shares of Goldman Sachs Group in a research note on Monday, October 9th. Credit Suisse Group cut shares of Goldman Sachs Group from an “outperform” rating to a “neutral” rating and raised their price objective for the company from $240.00 to $255.00 in a research note on Monday, October 9th. They noted that the move was a valuation call. BMO Capital Markets reaffirmed a “hold” rating and issued a $202.00 price objective on shares of Goldman Sachs Group in a research note on Friday, October 6th. Finally, Bank of America raised their price objective on shares of Goldman Sachs Group from $290.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $246.10.

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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.

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

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