Wells Fargo & Company MN lowered its position in shares of Goldman Sachs Group Inc (NYSE:GS) by 4.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,358,956 shares of the investment management company’s stock after selling 64,898 shares during the quarter. Wells Fargo & Company MN owned approximately 0.36% of Goldman Sachs Group worth $322,331,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in GS. NorthCoast Asset Management LLC raised its holdings in shares of Goldman Sachs Group by 729.6% during the first 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 during the last quarter. Parallel Advisors LLC grew its position in shares of Goldman Sachs Group by 10.7% in the first quarter. Parallel Advisors LLC now owns 558 shares of the investment management company’s stock valued at $126,000 after purchasing an additional 54 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Goldman Sachs Group by 3.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,440,198 shares of the investment management company’s stock valued at $560,573,000 after purchasing an additional 87,995 shares in the last quarter. Aureus Asset Management LLC grew its position in shares of Goldman Sachs Group by 13.6% in the first quarter. Aureus Asset Management LLC now owns 1,252 shares of the investment management company’s stock valued at $281,000 after purchasing an additional 150 shares in the last quarter. Finally, Northside Capital Management LLC grew its position in shares of Goldman Sachs Group by 132.0% in the first quarter. Northside Capital Management LLC now owns 6,855 shares of the investment management company’s stock valued at $1,575,000 after purchasing an additional 3,900 shares in the last quarter. 73.35% of the stock is owned by institutional investors and hedge funds.

In other news, insider David M. Solomon sold 12,707 shares of the firm’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $237.94, for a total transaction of $3,023,503.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Richard J. Gnodde sold 4,951 shares of the firm’s stock in a transaction on 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 90 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.

A number of research firms have recently issued reports on GS. Zacks Investment Research upgraded Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $271.00 price target for the company in a research report on Friday, October 20th. Vertical Group upgraded Goldman Sachs Group from a “sell” rating to a “hold” rating in a research report on Friday. Bank of America upped their price target on Goldman Sachs Group from $290.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday. Buckingham Research restated 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 Goldman Sachs Group from a “c+” rating to a “b” rating in a research report on Friday, October 13th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Goldman Sachs Group presently has a consensus rating of “Hold” and a consensus target price of $246.10.

Goldman Sachs Group Inc (NYSE GS) opened at $250.35 on Friday. The firm has a market capitalization of $93,757.20, a P/E ratio of 12.95, a P/E/G ratio of 1.26 and a beta of 1.47. Goldman Sachs Group Inc has a 52-week low of $209.62 and a 52-week high of $255.15. 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 (NYSE:GS) last released its quarterly earnings results on Tuesday, October 17th. The investment management company reported $5.02 EPS for the quarter, topping the consensus estimate of $4.17 by $0.85. Goldman Sachs Group had a return on equity of 11.34% and a net margin of 26.42%. The business had revenue of $8.33 billion during the quarter, compared to analyst estimates of $7.59 billion. During the same period last year, the business posted $4.88 earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis. analysts anticipate 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 given a dividend of $0.75 per share. The ex-dividend date is Wednesday, November 29th. This represents a $3.00 annualized dividend and a dividend yield of 1.20%. Goldman Sachs Group’s dividend payout ratio is currently 15.63%.

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Goldman Sachs Group 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.

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

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