Nordea Investment Management AB lowered its holdings in Goldman Sachs Group Inc (NYSE:GS) by 5.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 119,310 shares of the investment management company’s stock after selling 7,129 shares during the quarter. Nordea Investment Management AB’s holdings in Goldman Sachs Group were worth $28,299,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of the business. MV Capital Management Inc. boosted its stake in Goldman Sachs Group by 0.5% in the second quarter. MV Capital Management Inc. now owns 618 shares of the investment management company’s stock worth $137,000 after purchasing an additional 3 shares in the last quarter. Geller Family Office Services LLC raised its position in shares of Goldman Sachs Group by 0.3% during the second quarter. Geller Family Office Services LLC now owns 944 shares of the investment management company’s stock worth $209,000 after acquiring an additional 3 shares during the last quarter. Hudock Capital Group LLC raised its position in shares of Goldman Sachs Group by 0.4% during the second quarter. Hudock Capital Group LLC now owns 1,134 shares of the investment management company’s stock worth $251,000 after acquiring an additional 4 shares during the last quarter. FTB Advisors Inc. raised its position in shares of Goldman Sachs Group by 0.3% during the second quarter. FTB Advisors Inc. now owns 1,605 shares of the investment management company’s stock worth $360,000 after acquiring an additional 5 shares during the last quarter. Finally, Lowe Brockenbrough & Co. Inc. raised its position in shares of Goldman Sachs Group by 0.7% during the second quarter. Lowe Brockenbrough & Co. Inc. now owns 912 shares of the investment management company’s stock worth $202,000 after acquiring an additional 6 shares during the last quarter. 73.35% of the stock is currently owned by institutional investors.

Goldman Sachs Group Inc (NYSE:GS) traded down $2.38 during midday trading on Thursday, reaching $245.95. The company had a trading volume of 2,331,400 shares, compared to its average volume of 3,286,980. The company has a market capitalization of $93,670.45, a P/E ratio of 12.93, a PEG ratio of 1.26 and a beta of 1.47. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 2.82. Goldman Sachs Group Inc has a fifty-two week low of $209.62 and a fifty-two week high of $255.15.

Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Tuesday, October 17th. The investment management company reported $5.02 EPS for the quarter, beating analysts’ consensus estimates of $4.17 by $0.85. The business had revenue of $8.33 billion during the quarter, compared to the consensus estimate of $7.59 billion. Goldman Sachs Group had a return on equity of 11.34% and a net margin of 26.42%. The firm’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.88 earnings per share. equities research analysts predict that Goldman Sachs Group Inc will post 19.03 EPS for the current 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 issued a $0.75 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $3.00 annualized dividend and a dividend yield of 1.22%. Goldman Sachs Group’s dividend payout ratio (DPR) is currently 15.63%.

A number of research firms have recently weighed in on GS. Bank of America boosted their target price on Goldman Sachs Group from $290.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday. J P Morgan Chase & Co restated a “buy” rating on shares of Goldman Sachs Group in a research report on Monday, November 20th. Royal Bank Of Canada restated a “hold” rating and set a $240.00 target price on shares of Goldman Sachs Group in a research report on Wednesday, November 15th. Zacks Investment Research upgraded Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $273.00 target price for the company in a research report on Tuesday, November 7th. Finally, Vertical Group downgraded Goldman Sachs Group from a “hold” rating to a “sell” rating in a research report on Monday, November 6th. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $246.10.

In other news, Director David A. Viniar sold 25,000 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $238.02, for a total transaction of $5,950,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director David A. Viniar sold 7,393 shares of the company’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $245.18, for a total value of $1,812,615.74. The disclosure for this sale can be found here. Insiders sold 135,177 shares of company stock valued at $32,435,160 over the last 90 days. Corporate insiders own 2.57% of the company’s stock.

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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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