Goldman Sachs Group Inc (GS) Stake Increased by ARGA Investment Management LP

ARGA Investment Management LP lifted its position in shares of Goldman Sachs Group Inc (NYSE:GS) by 9.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,864 shares of the investment management company’s stock after buying an additional 800 shares during the period. ARGA Investment Management LP’s holdings in Goldman Sachs Group were worth $2,102,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sumitomo Mitsui Financial Group Inc. purchased a new position in Goldman Sachs Group in the 2nd quarter valued at approximately $101,000. WealthTrust Arizona LLC boosted its position in Goldman Sachs Group by 97.1% in the 2nd quarter. WealthTrust Arizona LLC now owns 469 shares of the investment management company’s stock valued at $104,000 after buying an additional 231 shares during the period. Sterling Investment Advisors Ltd. boosted its position in Goldman Sachs Group by 35.7% in the 2nd quarter. Sterling Investment Advisors Ltd. now owns 475 shares of the investment management company’s stock valued at $105,000 after buying an additional 125 shares during the period. Shine Investment Advisory Services Inc. purchased a new position in Goldman Sachs Group in the 2nd quarter valued at approximately $111,000. Finally, Gs Investments Inc. purchased a new position in Goldman Sachs Group in the 2nd quarter valued at approximately $111,000. Institutional investors and hedge funds own 73.35% of the company’s stock.

In other news, Director David A. Viniar sold 7,393 shares of the business’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $245.18, for a total transaction of $1,812,615.74. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Gregory K. Palm sold 4,620 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was 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. Over the last 90 days, insiders sold 135,177 shares of company stock worth $32,435,160. 2.57% of the stock is currently owned by company insiders.

Shares of Goldman Sachs Group Inc (NYSE:GS) traded up $1.70 on Tuesday, reaching $250.65. 3,326,100 shares of the company were exchanged, compared to its average volume of 3,294,345. Goldman Sachs Group Inc has a 52-week low of $209.62 and a 52-week high of $255.15. The stock has a market capitalization of $93,904.31, a PE ratio of 12.97, a PEG ratio of 1.26 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 announced its quarterly earnings results on Tuesday, October 17th. The investment management company reported $5.02 earnings per share for the quarter, beating analysts’ consensus estimates of $4.17 by $0.85. The firm had revenue of $8.33 billion during the quarter, compared to analysts’ expectations of $7.59 billion. Goldman Sachs Group had a net margin of 26.42% and a return on equity of 11.34%. Goldman Sachs Group’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the company earned $4.88 earnings per share. analysts anticipate that Goldman Sachs Group Inc will post 19.03 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, November 30th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $3.00 dividend on an annualized basis and a yield of 1.20%. Goldman Sachs Group’s dividend payout ratio is presently 15.63%.

Several equities analysts have commented on GS shares. Royal Bank Of Canada reissued a “hold” rating and issued a $240.00 price target on shares of Goldman Sachs Group in a research report on Thursday, August 31st. Morgan Stanley raised their price target on shares of Goldman Sachs Group from $265.00 to $287.00 and gave the company an “overweight” rating in a research report on Wednesday, October 18th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $240.00 price target on shares of Goldman Sachs Group in a research report on Thursday, October 19th. JMP Securities reissued a “market perform” rating on shares of Goldman Sachs Group in a research report on Wednesday, September 13th. Finally, J P Morgan Chase & Co set a $260.00 price target on shares of Goldman Sachs Group and gave the company a “buy” rating in a research report on Friday, September 15th. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $244.65.

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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.

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

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