IFC Holdings Incorporated FL purchased a new position in The Goldman Sachs Group, Inc. (NYSE:GS) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,385 shares of the investment management company’s stock, valued at approximately $330,000.

Other hedge funds have also made changes to their positions in the company. Quantbot Technologies LP lifted its stake in The Goldman Sachs Group by 223.8% in the second quarter. Quantbot Technologies LP now owns 39,237 shares of the investment management company’s stock worth $8,706,000 after acquiring an additional 27,121 shares during the period. Tudor Investment Corp ET AL raised its holdings in The Goldman Sachs Group by 29.9% in the second quarter. Tudor Investment Corp ET AL now owns 20,480 shares of the investment management company’s stock worth $4,545,000 after purchasing an additional 4,714 shares in the last quarter. YorkBridge Wealth Partners LLC raised its holdings in The Goldman Sachs Group by 23.8% in the second quarter. YorkBridge Wealth Partners LLC now owns 792 shares of the investment management company’s stock worth $180,000 after purchasing an additional 152 shares in the last quarter. Bank of Montreal Can raised its holdings in The Goldman Sachs Group by 33.1% in the second quarter. Bank of Montreal Can now owns 392,464 shares of the investment management company’s stock worth $87,090,000 after purchasing an additional 97,532 shares in the last quarter. Finally, Cornerstone Investment Partners LLC bought a new position in The Goldman Sachs Group in the second quarter worth $42,536,000. 74.41% of the stock is owned by institutional investors.

GS has been the subject of a number of research reports. BidaskClub downgraded The Goldman Sachs Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Royal Bank Of Canada reiterated a “hold” rating and issued a $240.00 price objective on shares of The Goldman Sachs Group in a report on Thursday, August 31st. Morgan Stanley increased their price objective on The Goldman Sachs Group from $265.00 to $287.00 and gave the stock an “overweight” rating in a report on Wednesday, October 18th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $240.00 price objective on shares of The Goldman Sachs Group in a report on Thursday, October 19th. Finally, JMP Securities reiterated a “market perform” rating on shares of The Goldman Sachs Group in a report on Wednesday, September 13th. Three 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 Goldman Sachs Group has a consensus rating of “Hold” and an average price target of $245.06.

In other news, insider David M. Solomon sold 2,400 shares of The Goldman Sachs Group stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $238.49, for a total transaction of $572,376.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Richard J. Gnodde sold 4,951 shares of The Goldman Sachs Group stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $239.95, for a total value of $1,187,992.45. The disclosure for this sale can be found here. Insiders sold 39,744 shares of company stock worth $9,697,984 over the last three months. Insiders own 2.57% of the company’s stock.

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The Goldman Sachs Group, Inc. (NYSE:GS) opened at $239.37 on Friday. The stock has a market capitalization 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 company has a debt-to-equity ratio of 2.82, a current ratio of 0.90 and a quick ratio of 0.90. The Goldman Sachs Group, Inc. has a 12-month low of $205.67 and a 12-month high of $255.15.

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

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

The 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.

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

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