Janus Henderson Group PLC Cuts Position in Goldman Sachs Group Inc (GS)
Janus Henderson Group PLC cut its stake in Goldman Sachs Group Inc (NYSE:GS) by 24.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,864,686 shares of the investment management company’s stock after selling 611,292 shares during the period. Janus Henderson Group PLC owned about 0.49% of Goldman Sachs Group worth $442,288,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. BlackRock Inc. boosted its position 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 valued at $5,644,114,000 after buying an additional 23,847,154 shares during the period. New England Asset Management Inc. boosted its position 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 valued at $535,492,000 after buying an additional 1,900,000 shares during the period. The Manufacturers Life Insurance Company boosted its position 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 valued at $799,472,000 after buying an additional 1,152,869 shares during the period. Harbour Capital Advisors LLC boosted its position 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 valued at $5,016,000 after buying an additional 1,108,079 shares during the period. Finally, Balyasny Asset Management LLC boosted its position in Goldman Sachs Group by 1,654.0% during the second quarter. Balyasny Asset Management LLC now owns 1,034,680 shares of the investment management company’s stock valued at $229,595,000 after buying an additional 975,690 shares during the period. Institutional investors own 73.35% of the company’s stock.
Several analysts have issued reports on the stock. Zacks Investment Research lowered shares of Goldman Sachs Group from a “hold” rating to a “sell” rating in a research report on Thursday, September 21st. Keefe, Bruyette & Woods restated a “hold” rating and set a $240.00 price target on shares of Goldman Sachs Group in a research report on Thursday, October 19th. TheStreet lowered shares of Goldman Sachs Group from a “b” rating to a “c+” rating in a research report on Thursday, September 7th. J P Morgan Chase & Co set a $260.00 price target on shares of Goldman Sachs Group and gave the company a “buy” rating in a research report on Friday, September 15th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $202.00 price objective on shares of Goldman Sachs Group in a research note on Friday, October 6th. Two equities research 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 company has a consensus rating of “Hold” and a consensus target price of $246.10.
Goldman Sachs Group Inc (NYSE GS) traded down $0.08 during mid-day trading on Friday, reaching $255.48. 3,353,100 shares of the company were exchanged, compared to its average volume of 3,273,281. Goldman Sachs Group Inc has a 12 month low of $209.62 and a 12 month high of $260.50. The company has a market capitalization of $96,397.62, a P/E ratio of 13.31, a P/E/G ratio of 1.30 and a beta of 1.47. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 2.82.
Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Tuesday, October 17th. The investment management company reported $5.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 the consensus estimate of $7.59 billion. During the same period in the prior year, the firm earned $4.88 earnings per share. Goldman Sachs Group’s revenue was up 2.0% on a year-over-year basis. equities research analysts anticipate that Goldman Sachs Group Inc will post 19.03 earnings per share for the current year.
The business also recently declared 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. This represents a $3.00 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Wednesday, November 29th. Goldman Sachs Group’s payout ratio is currently 15.63%.
In related news, Vice Chairman Richard J. Gnodde sold 5,718 shares of the stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $238.99, for a total value of $1,366,544.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David M. Solomon sold 12,707 shares of the company’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $237.94, for a total transaction of $3,023,503.58. The disclosure for this sale can be found here. Over the last three months, insiders sold 135,177 shares of company stock valued at $32,435,160. 2.57% of the stock is owned by insiders.
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About Goldman Sachs Group
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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