Raymond James Trust N.A. reduced its stake in Goldman Sachs Group, Inc. (The) (NYSE:GS) by 3.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 8,633 shares of the investment management company’s stock after selling 281 shares during the quarter. Raymond James Trust N.A.’s holdings in Goldman Sachs Group, Inc. (The) were worth $2,048,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Quantbot Technologies LP lifted its holdings in Goldman Sachs Group, Inc. (The) by 223.8% in the 2nd quarter. Quantbot Technologies LP now owns 39,237 shares of the investment management company’s stock worth $8,706,000 after purchasing an additional 27,121 shares during the last quarter. Tudor Investment Corp ET AL lifted its holdings in Goldman Sachs Group, Inc. (The) by 29.9% in the 2nd 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 during the last quarter. YorkBridge Wealth Partners LLC lifted its holdings in Goldman Sachs Group, Inc. (The) by 23.8% in the 2nd 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 during the last quarter. Bank of Montreal Can lifted its holdings in Goldman Sachs Group, Inc. (The) by 33.1% in the 2nd 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 during the last quarter. Finally, Cornerstone Investment Partners LLC acquired a new stake in Goldman Sachs Group, Inc. (The) in the 2nd quarter worth approximately $42,536,000. Hedge funds and other institutional investors own 74.41% of the company’s stock.

In other news, Vice Chairman Richard J. Gnodde sold 4,951 shares of the company’s stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $239.95, for a total transaction of $1,187,992.45. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director David A. Viniar sold 7,393 shares of the company’s stock in a transaction on Friday, October 20th. The shares were 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. Insiders have sold 37,344 shares of company stock worth $9,125,608 in the last ninety days. 2.57% of the stock is currently owned by insiders.

Several equities research analysts recently weighed in on the company. Zacks Investment Research upgraded Goldman Sachs Group, Inc. (The) from a “hold” rating to a “buy” rating and set a $271.00 target price for the company in a report on Friday, October 20th. BidaskClub lowered Goldman Sachs Group, Inc. (The) from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Wells Fargo & Company began 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 for the company. Berenberg Bank reiterated a “sell” rating and set a $190.00 price target on shares of Goldman Sachs Group, Inc. (The) in a report on Friday, July 21st. Finally, Buckingham Research reiterated 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. Three equities 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 issued a strong buy rating to the stock. Goldman Sachs Group, Inc. (The) presently has a consensus rating of “Hold” and an average target price of $245.06.

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Shares of Goldman Sachs Group, Inc. (NYSE GS) opened at $240.27 on Tuesday. The company has a debt-to-equity ratio of 2.82, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market capitalization of $90,584.94, a price-to-earnings ratio of 12.51, a PEG ratio of 1.22 and a beta of 1.48. Goldman Sachs Group, Inc. has a 1-year low of $204.15 and a 1-year high of $255.15.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last issued its quarterly earnings results on Tuesday, October 17th. The investment management company reported $5.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.17 by $0.85. Goldman Sachs Group, Inc. (The) had a return on equity of 11.34% and a net margin of 26.42%. The business had revenue of $8.33 billion for the quarter, compared to analyst estimates of $7.59 billion. During the same quarter in the prior year, the firm posted $4.88 earnings per share. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. research analysts expect that Goldman Sachs Group, Inc. will post 19.03 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Wednesday, November 29th. Goldman Sachs Group, Inc. (The)’s dividend payout ratio (DPR) is presently 15.63%.

About Goldman Sachs Group, Inc. (The)

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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