Korea Investment CORP cut its stake in Goldman Sachs Group, Inc. (The) (NYSE:GS) by 31.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 276,957 shares of the investment management company’s stock after selling 126,237 shares during the period. Korea Investment CORP owned 0.07% of Goldman Sachs Group, Inc. (The) worth $65,691,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Quantbot Technologies LP increased its position in Goldman Sachs Group, Inc. (The) 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 buying an additional 27,121 shares during the period. Tudor Investment Corp ET AL increased its position in Goldman Sachs Group, Inc. (The) 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 buying an additional 4,714 shares during the period. YorkBridge Wealth Partners LLC increased its position in Goldman Sachs Group, Inc. (The) 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 buying an additional 152 shares during the period. Bank of Montreal Can increased its position in Goldman Sachs Group, Inc. (The) 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 buying an additional 97,532 shares during the period. Finally, Cornerstone Investment Partners LLC acquired a new stake in Goldman Sachs Group, Inc. (The) in the second quarter worth $42,536,000. 74.41% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have recently commented on the company. Royal Bank Of Canada reissued a “hold” rating and set a $240.00 price target on shares of Goldman Sachs Group, Inc. (The) in a report on Wednesday. lowered Goldman Sachs Group, Inc. (The) from a “buy” rating to a “hold” rating and raised their price target for the company from $223.80 to $250.00 in a report on Friday, August 11th. Buckingham Research reissued a “neutral” rating and set a $250.00 price target (up from $243.00) on shares of Goldman Sachs Group, Inc. (The) in a report on Wednesday, October 18th. Wells Fargo & Company assumed coverage on Goldman Sachs Group, Inc. (The) in a report on Wednesday, August 9th. They set an “outperform” rating and a $265.00 price target on the stock. Finally, Zacks Investment Research lowered Goldman Sachs Group, Inc. (The) from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. Three 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 stock presently has a consensus rating of “Hold” and an average target price of $245.06.

Shares of Goldman Sachs Group, Inc. (NYSE:GS) opened at $237.24 on Wednesday. The stock has a market capitalization of $90,630.21, a PE 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 one year low of $204.83 and a one year high of $255.15.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last announced its quarterly earnings data 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 firm had revenue of $8.33 billion during the quarter, compared to the consensus estimate 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 business’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the prior year, the business earned $4.88 EPS. analysts predict that Goldman Sachs Group, Inc. will post 19.03 earnings per share for the current year.

The firm also recently disclosed 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 annualized dividend and a yield of 1.26%. The ex-dividend date is Wednesday, November 29th. Goldman Sachs Group, Inc. (The)’s dividend payout ratio is currently 15.63%.

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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Richard J. Gnodde sold 4,951 shares of the firm’s stock in a transaction dated Wednesday, October 18th. The stock was 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. Over the last three months, insiders sold 37,344 shares of company stock valued at $9,125,608. Company insiders own 2.57% of the company’s stock.

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

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