Bessemer Group Inc. reduced its position in shares of Goldman Sachs Group Inc (NYSE:GS) by 90.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,985 shares of the investment management company’s stock after selling 58,705 shares during the period. Bessemer Group Inc.’s holdings in Goldman Sachs Group were worth $1,419,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GS. BlackRock Inc. increased its holdings in Goldman Sachs Group by 3,301.2% during the first quarter. BlackRock Inc. now owns 24,569,536 shares of the investment management company’s stock worth $5,644,114,000 after buying an additional 23,847,154 shares during the last quarter. Janus Henderson Group PLC increased its holdings in Goldman Sachs Group by 4,096.0% during the second quarter. Janus Henderson Group PLC now owns 2,475,978 shares of the investment management company’s stock worth $549,415,000 after buying an additional 2,416,970 shares during the last quarter. New England Asset Management Inc. increased its holdings in Goldman Sachs Group by 440.8% during the first quarter. New England Asset Management Inc. now owns 2,331,063 shares of the investment management company’s stock worth $535,492,000 after buying an additional 1,900,000 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Goldman Sachs Group by 47.1% during the second quarter. The Manufacturers Life Insurance Company now owns 3,602,847 shares of the investment management company’s stock worth $799,472,000 after buying an additional 1,152,869 shares during the last quarter. Finally, Harbour Capital Advisors LLC increased its holdings in Goldman Sachs Group by 22,290.9% during the second quarter. Harbour Capital Advisors LLC now owns 1,113,050 shares of the investment management company’s stock worth $5,016,000 after buying an additional 1,108,079 shares during the last quarter. 74.01% of the stock is currently owned by institutional investors.

In other Goldman Sachs Group news, Chairman Lloyd C. Blankfein sold 20,794 shares of Goldman Sachs Group stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $238.38, for a total transaction of $4,956,873.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Gregory K. Palm sold 4,620 shares of Goldman Sachs Group stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $238.99, for a total transaction of $1,104,133.80. The disclosure for this sale can be found here. Insiders sold 122,470 shares of company stock valued at $29,411,656 over the last 90 days. 2.57% of the stock is owned by company insiders.

A number of research firms recently issued reports on GS. J P Morgan Chase & Co restated a “buy” rating on shares of Goldman Sachs Group in a report on Monday, November 20th. Royal Bank Of Canada restated a “hold” rating and set a $240.00 price objective on shares of Goldman Sachs Group in a report on Wednesday, November 15th. Zacks Investment Research upgraded shares of Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $273.00 price objective for the company in a report on Tuesday, November 7th. Vertical Group downgraded shares of Goldman Sachs Group from a “hold” rating to a “sell” rating in a report on Monday, November 6th. Finally, Societe Generale set a $198.00 price objective on shares of Goldman Sachs Group and gave the stock a “sell” rating in a report on Thursday, October 19th. Three analysts have rated the stock with a sell rating, seventeen have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $245.06.

Goldman Sachs Group Inc (NYSE:GS) opened at $235.95 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 1 year low of $209.60 and a 1 year high of $255.15. The company has a market cap of $89,181.75, a P/E ratio of 12.31, a PEG ratio of 1.20 and a beta of 1.48.

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. 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 analyst estimates of $7.59 billion. During the same period last year, the business earned $4.88 earnings per share. Goldman Sachs Group’s revenue was up 2.0% compared to the same quarter last year. analysts predict that Goldman Sachs Group Inc will post 19.03 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th will be given a $0.75 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.27%. Goldman Sachs Group’s dividend payout ratio (DPR) is currently 15.63%.

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Goldman Sachs Group 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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