Honeywell International Inc. raised its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 16.4% during the third quarter, according to its most recent filing with the SEC. The firm owned 142,700 shares of the investment management company’s stock after purchasing an additional 20,100 shares during the period. The Goldman Sachs Group accounts for approximately 1.2% of Honeywell International Inc.’s portfolio, making the stock its 26th largest position. Honeywell International Inc.’s holdings in The Goldman Sachs Group were worth $33,847,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Northwest Quadrant Wealth Management LLC acquired a new position in shares of The Goldman Sachs Group in the 2nd quarter worth approximately $407,000. Sumitomo Mitsui Financial Group Inc. acquired a new position in shares of The Goldman Sachs Group in the 2nd quarter worth approximately $101,000. WealthTrust Arizona LLC increased its stake in shares of The Goldman Sachs Group by 97.1% in the 2nd quarter. WealthTrust Arizona LLC now owns 469 shares of the investment management company’s stock valued at $104,000 after acquiring an additional 231 shares in the last quarter. Sterling Investment Advisors Ltd. increased its stake in shares of The Goldman Sachs Group by 35.7% in the 2nd quarter. Sterling Investment Advisors Ltd. now owns 475 shares of the investment management company’s stock valued at $105,000 after acquiring an additional 125 shares in the last quarter. Finally, Shine Investment Advisory Services Inc. bought a new stake in shares of The Goldman Sachs Group in the 2nd quarter valued at $111,000. Hedge funds and other institutional investors own 74.41% of the company’s stock.

In related news, Director David A. Viniar sold 7,393 shares of the company’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $245.18, for a total value of $1,812,615.74. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Vice Chairman Richard J. Gnodde sold 4,951 shares of the company’s stock in a transaction that occurred on Wednesday, October 18th. The stock was sold at an average price of $239.95, for a total transaction of $1,187,992.45. The disclosure for this sale can be found here. Over the last three months, insiders sold 39,744 shares of company stock worth $9,697,984. Insiders own 2.57% of the company’s stock.

Shares of The Goldman Sachs Group, Inc. (NYSE GS) opened at $239.37 on Friday. The company has a market cap of $89,626.85, a PE ratio of 12.38, a price-to-earnings-growth ratio of 1.21 and a beta of 1.48. The Goldman Sachs Group, Inc. has a fifty-two week low of $205.67 and a fifty-two week high of $255.15. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 2.82.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Tuesday, October 17th. The investment management company reported $5.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.17 by $0.85. The Goldman Sachs Group had a net margin of 19.19% and a return on equity of 10.84%. The firm had revenue of $8.33 billion for the quarter, compared to the consensus estimate of $7.59 billion. During the same period in the prior year, the firm posted $4.88 earnings per share. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 19.03 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Wednesday, November 29th. The Goldman Sachs Group’s payout ratio is 15.63%.

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Several research firms have recently weighed in on GS. Royal Bank Of Canada reiterated a “hold” rating and issued a $240.00 price objective on shares of The Goldman Sachs Group in a research note on Wednesday. lowered shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and lifted their price objective for the company from $223.80 to $250.00 in a research note on Friday, August 11th. Buckingham Research reiterated a “neutral” rating and issued a $250.00 price objective (up previously from $243.00) on shares of The Goldman Sachs Group in a research note on Wednesday, October 18th. Wells Fargo & Company began coverage on shares of The Goldman Sachs Group in a research note on Wednesday, August 9th. They issued an “outperform” rating and a $265.00 price objective for the company. Finally, Zacks Investment Research lowered shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. Three investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $245.06.

The 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 The Goldman Sachs Group (NYSE:GS)

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