Braun Stacey Associates Inc. cut its holdings in Goldman Sachs Group, Inc. (The) (NYSE:GS) by 13.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,373 shares of the investment management company’s stock after selling 10,346 shares during the period. Braun Stacey Associates Inc.’s holdings in Goldman Sachs Group, Inc. (The) were worth $15,505,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Northwest Quadrant Wealth Management LLC bought a new position in Goldman Sachs Group, Inc. (The) during the second quarter valued at $407,000. Sumitomo Mitsui Financial Group Inc. bought a new position in Goldman Sachs Group, Inc. (The) during the second quarter valued at $101,000. WealthTrust Arizona LLC grew its holdings in Goldman Sachs Group, Inc. (The) by 97.1% during the second quarter. WealthTrust Arizona LLC now owns 469 shares of the investment management company’s stock valued at $104,000 after purchasing an additional 231 shares during the period. Sterling Investment Advisors Ltd. grew its holdings in Goldman Sachs Group, Inc. (The) by 35.7% during the second quarter. Sterling Investment Advisors Ltd. now owns 475 shares of the investment management company’s stock valued at $105,000 after purchasing an additional 125 shares during the period. Finally, Shine Investment Advisory Services Inc. bought a new position in Goldman Sachs Group, Inc. (The) during the second quarter valued at $111,000. 74.41% of the stock is owned by institutional investors.

Goldman Sachs Group, Inc. (GS) opened at $237.24 on Wednesday. The company has a market capitalization of $90,630.21, a price-to-earnings ratio of 12.51, a P/E/G ratio of 1.22 and a beta of 1.48. 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 12 month low of $204.83 and a 12 month high of $255.15.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last released its earnings results on Tuesday, October 17th. The investment management company reported $5.02 EPS for the quarter, beating the Zacks’ consensus estimate of $4.17 by $0.85. The business had revenue of $8.33 billion for the quarter, compared to analysts’ expectations of $7.59 billion. Goldman Sachs Group, Inc. (The) 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 firm earned $4.88 earnings per share. equities analysts forecast that Goldman Sachs Group, Inc. will post 19.03 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, November 30th will be paid a $0.75 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $3.00 dividend on an annualized basis and a yield of 1.26%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio is presently 15.63%.

GS has been the subject of several research reports. TheStreet raised Goldman Sachs Group, Inc. (The) from a “c+” rating to a “b” rating in a report on Friday, October 13th. J P Morgan Chase & Co set a $260.00 price objective on Goldman Sachs Group, Inc. (The) and gave the company a “buy” rating in a report on Friday, September 15th. Zacks Investment Research raised Goldman Sachs Group, Inc. (The) from a “hold” rating to a “buy” rating and set a $271.00 price objective for the company in a report on Friday, October 20th. Royal Bank Of Canada reissued a “hold” rating and set a $240.00 price objective on shares of Goldman Sachs Group, Inc. (The) in a report on Thursday, August 31st. Finally, lowered Goldman Sachs Group, Inc. (The) from a “buy” rating to a “hold” rating and increased their price objective for the company from $223.80 to $250.00 in a report on Friday, August 11th. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $245.06.

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In other news, Director David A. Viniar sold 7,393 shares of the firm’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $245.18, for a total transaction of $1,812,615.74. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Harvey M. Schwartz sold 25,000 shares of the firm’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $245.00, for a total value of $6,125,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 37,344 shares of company stock worth $9,125,608. 2.57% of the stock is owned by insiders.

Goldman Sachs Group, Inc. (The) 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, Inc. (The) (NYSE:GS)

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