New Mexico Educational Retirement Board decreased its position in Goldman Sachs Group Inc (NYSE:GS) by 2.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 33,239 shares of the investment management company’s stock after selling 800 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Goldman Sachs Group were worth $7,884,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Goldman Sachs Group by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 24,072,777 shares of the investment management company’s stock valued at $5,341,749,000 after purchasing an additional 304,400 shares during the period. Capital World Investors lifted its position in Goldman Sachs Group by 10.5% during the 2nd quarter. Capital World Investors now owns 7,649,583 shares of the investment management company’s stock valued at $1,697,442,000 after purchasing an additional 726,582 shares during the period. Capital Research Global Investors lifted its position in Goldman Sachs Group by 4.0% during the 2nd quarter. Capital Research Global Investors now owns 6,918,409 shares of the investment management company’s stock valued at $1,535,195,000 after purchasing an additional 265,784 shares during the period. Greenhaven Associates Inc. lifted its position in Goldman Sachs Group by 2.5% during the 2nd quarter. Greenhaven Associates Inc. now owns 3,793,287 shares of the investment management company’s stock valued at $841,730,000 after purchasing an additional 91,200 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Goldman Sachs Group by 10.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,618,896 shares of the investment management company’s stock valued at $858,366,000 after purchasing an additional 356,956 shares during the period. 73.27% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have issued reports on GS. Zacks Investment Research upgraded shares of Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $271.00 target price on the stock in a research report on Friday, October 20th. Vertical Group upgraded shares of Goldman Sachs Group from a “sell” rating to a “hold” rating in a research report on Friday, December 8th. Bank of America upped their target price on shares of Goldman Sachs Group from $290.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, December 7th. Buckingham Research reiterated a “neutral” rating and issued a $250.00 price target (up from $243.00) on shares of Goldman Sachs Group in a research report on Wednesday, October 18th. Finally, TheStreet upgraded shares of Goldman Sachs Group from a “c+” rating to a “b” rating in a research report on Friday, October 13th. Two 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. The stock has a consensus rating of “Hold” and an average target price of $248.10.

In other news, VP Gregory K. Palm sold 4,620 shares of Goldman Sachs Group stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $238.99, for a total transaction of $1,104,133.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director David A. Viniar sold 7,393 shares of Goldman Sachs Group stock in a transaction on Friday, October 20th. The stock was sold at an average price of $245.18, for a total value of $1,812,615.74. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 135,177 shares of company stock valued at $32,435,160. Company insiders own 2.57% of the company’s stock.

Goldman Sachs Group Inc (NYSE GS) opened at $256.48 on Wednesday. Goldman Sachs Group Inc has a 52 week low of $209.62 and a 52 week high of $262.00. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 2.82. The firm has a market cap of $98,079.93, a price-to-earnings ratio of 13.54, a P/E/G ratio of 1.32 and a beta of 1.47.

Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Tuesday, October 17th. The investment management company reported $5.02 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 firm had revenue of $8.33 billion during the quarter, compared to analysts’ expectations of $7.59 billion. During the same period in the previous year, the business posted $4.88 earnings per share. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. research analysts anticipate that Goldman Sachs Group Inc will post 19.03 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, November 30th will be given a dividend of $0.75 per share. The ex-dividend date is Wednesday, November 29th. This represents a $3.00 dividend on an annualized basis and a yield of 1.17%. Goldman Sachs Group’s dividend payout ratio (DPR) is 15.63%.

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

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