Northeast Investment Management Has $15.58 Million Stake in Goldman Sachs Group Inc (GS)
Northeast Investment Management reduced its stake in Goldman Sachs Group Inc (NYSE:GS) by 1.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,690 shares of the investment management company’s stock after selling 941 shares during the quarter. Goldman Sachs Group comprises approximately 1.4% of Northeast Investment Management’s holdings, making the stock its 29th largest position. Northeast Investment Management’s holdings in Goldman Sachs Group were worth $15,581,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of the company. NorthCoast Asset Management LLC lifted its position in Goldman Sachs Group by 729.6% in the 1st quarter. NorthCoast Asset Management LLC now owns 75,930 shares of the investment management company’s stock valued at $17,443,000 after acquiring an additional 66,777 shares in the last quarter. Parallel Advisors LLC lifted its position in Goldman Sachs Group by 10.7% in the 1st quarter. Parallel Advisors LLC now owns 558 shares of the investment management company’s stock valued at $126,000 after acquiring an additional 54 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Goldman Sachs Group by 3.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,440,198 shares of the investment management company’s stock valued at $560,573,000 after acquiring an additional 87,995 shares in the last quarter. Aureus Asset Management LLC lifted its position in Goldman Sachs Group by 13.6% in the 1st quarter. Aureus Asset Management LLC now owns 1,252 shares of the investment management company’s stock valued at $281,000 after acquiring an additional 150 shares in the last quarter. Finally, Northside Capital Management LLC lifted its position in Goldman Sachs Group by 132.0% in the 1st quarter. Northside Capital Management LLC now owns 6,855 shares of the investment management company’s stock valued at $1,575,000 after acquiring an additional 3,900 shares in the last quarter. 73.35% of the stock is currently owned by hedge funds and other institutional investors.
Goldman Sachs Group Inc (NYSE:GS) opened at $257.90 on Wednesday. Goldman Sachs Group Inc has a 1-year low of $209.62 and a 1-year high of $258.20. The company has a market cap of $94,349.41, a PE ratio of 13.03, a price-to-earnings-growth ratio of 1.27 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 data on Tuesday, October 17th. The investment management company reported $5.02 EPS for the quarter, beating the 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 business had revenue of $8.33 billion during the quarter, compared to the consensus estimate of $7.59 billion. During the same quarter in the prior year, the firm earned $4.88 EPS. The business’s revenue was up 2.0% on a year-over-year basis. equities research analysts forecast that Goldman Sachs Group Inc will post 19.03 earnings per share 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 issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend is Wednesday, November 29th. Goldman Sachs Group’s dividend payout ratio (DPR) is presently 15.63%.
In related news, Vice Chairman Richard J. Gnodde sold 4,951 shares of the 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Gregory K. Palm sold 4,620 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 transaction of $1,104,133.80. The disclosure for this sale can be found here. Insiders have sold a total of 135,177 shares of company stock valued at $32,435,160 in the last three months. Insiders own 2.57% of the company’s stock.
Several equities analysts recently issued reports on GS shares. Zacks Investment Research cut Goldman Sachs Group from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. Societe Generale set a $198.00 target price on shares of Goldman Sachs Group and gave the company a “sell” rating in a research note on Thursday, October 19th. TheStreet upgraded shares of Goldman Sachs Group from a “c+” rating to a “b” rating in a research note on Friday, October 13th. Morgan Stanley boosted their target price on shares of Goldman Sachs Group from $265.00 to $287.00 and gave the company an “overweight” rating in a research note on Wednesday, October 18th. Finally, Citigroup reiterated a “neutral” rating and set a $250.00 target price (up from $225.00) on shares of Goldman Sachs Group in a research note on Monday, October 9th. Two 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. Goldman Sachs Group has an average rating of “Hold” and an average price target of $246.10.
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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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