BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp cut its holdings in Goldman Sachs Group Inc (NYSE:GS) by 3.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 141,522 shares of the investment management company’s stock after selling 5,091 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Goldman Sachs Group were worth $33,568,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Quantbot Technologies LP boosted its position in Goldman Sachs Group by 223.8% during the 2nd quarter. Quantbot Technologies LP now owns 39,237 shares of the investment management company’s stock valued at $8,706,000 after acquiring an additional 27,121 shares in the last quarter. Tudor Investment Corp ET AL boosted its position in Goldman Sachs Group by 29.9% during the 2nd quarter. Tudor Investment Corp ET AL now owns 20,480 shares of the investment management company’s stock valued at $4,545,000 after acquiring an additional 4,714 shares in the last quarter. YorkBridge Wealth Partners LLC boosted its position in Goldman Sachs Group by 23.8% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 792 shares of the investment management company’s stock valued at $180,000 after acquiring an additional 152 shares in the last quarter. Bank of Montreal Can boosted its position in Goldman Sachs Group by 33.1% during the 2nd quarter. Bank of Montreal Can now owns 392,464 shares of the investment management company’s stock valued at $87,090,000 after acquiring an additional 97,532 shares in the last quarter. Finally, Cornerstone Investment Partners LLC bought a new stake in Goldman Sachs Group during the 2nd quarter valued at approximately $42,536,000. 73.35% of the stock is currently owned by institutional investors.

GS has been the topic of several research reports. TheStreet raised Goldman Sachs Group from a “c+” rating to a “b” rating in a research report on Friday, October 13th. J P Morgan Chase & Co set a $260.00 price objective on Goldman Sachs Group and gave the company a “buy” rating in a research report on Friday, September 15th. Zacks Investment Research raised Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $271.00 price objective on the stock in a research report on Friday, October 20th. Bank of America lifted their price objective on Goldman Sachs Group from $290.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, December 7th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $202.00 price objective on shares of Goldman Sachs Group in a research report on Friday, October 6th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $246.10.

Shares of Goldman Sachs Group Inc (GS) traded down $2.12 during midday trading on Thursday, reaching $255.56. 3,482,300 shares of the company were exchanged, compared to its average volume of 3,272,948. Goldman Sachs Group Inc has a 52 week low of $209.62 and a 52 week high of $260.50. The stock has a market cap of $97,197.28, a price-to-earnings ratio of 13.42, a P/E/G ratio of 1.31 and a beta of 1.47. The company has a debt-to-equity ratio of 2.82, a quick ratio of 0.90 and a current ratio of 0.90.

Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Tuesday, October 17th. The investment management company reported $5.02 earnings per share for the quarter, topping 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 in the previous year, the business earned $4.88 EPS. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. equities research analysts predict that Goldman Sachs Group Inc will post 19.03 earnings per share for the current year.

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

In other Goldman Sachs Group news, Chairman Lloyd C. Blankfein sold 20,794 shares of the business’s stock in a transaction 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 can be accessed through this link. Also, VP Gregory K. Palm sold 4,620 shares of the business’s stock in a transaction 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. Over the last 90 days, insiders sold 135,177 shares of company stock valued at $32,435,160. 2.57% of the stock is owned by company insiders.

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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.

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

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