Goldman Sachs Group Inc (GS) Shares Bought by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can raised its holdings in Goldman Sachs Group Inc (NYSE:GS) by 0.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 274,423 shares of the investment management company’s stock after purchasing an additional 1,723 shares during the quarter. Great West Life Assurance Co. Can owned 0.07% of Goldman Sachs Group worth $64,534,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Quantbot Technologies LP boosted its holdings in shares of Goldman Sachs Group by 223.8% during the 2nd quarter. Quantbot Technologies LP now owns 39,237 shares of the investment management company’s stock valued at $8,706,000 after acquiring an additional 27,121 shares in the last quarter. Tudor Investment Corp ET AL boosted its holdings in shares of Goldman Sachs Group by 29.9% during the 2nd quarter. Tudor Investment Corp ET AL now owns 20,480 shares of the investment management company’s stock valued at $4,545,000 after acquiring an additional 4,714 shares in the last quarter. YorkBridge Wealth Partners LLC boosted its holdings in shares of Goldman Sachs Group by 23.8% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 792 shares of the investment management company’s stock valued at $180,000 after acquiring an additional 152 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of Goldman Sachs Group by 33.1% during the 2nd quarter. Bank of Montreal Can now owns 392,464 shares of the investment management company’s stock valued at $87,090,000 after acquiring an additional 97,532 shares in the last quarter. Finally, Cornerstone Investment Partners LLC acquired a new stake in shares of Goldman Sachs Group during the 2nd quarter valued at $42,536,000. 73.35% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider David M. Solomon sold 2,400 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $238.49, for a total value of $572,376.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Gregory K. Palm sold 4,620 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $238.99, for a total value of $1,104,133.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 135,177 shares of company stock valued at $32,435,160. Corporate insiders own 2.57% of the company’s stock.

Several equities research analysts recently weighed in on the company. Citigroup reissued a “neutral” rating and set a $250.00 price objective (up previously from $225.00) on shares of Goldman Sachs Group in a report on Monday, October 9th. Credit Suisse Group downgraded Goldman Sachs Group from an “outperform” rating to a “neutral” rating and lifted their target price for the stock from $240.00 to $255.00 in a report on Monday, October 9th. They noted that the move was a valuation call. BMO Capital Markets reaffirmed a “hold” rating and set a $202.00 target price on shares of Goldman Sachs Group in a report on Friday, October 6th. Bank of America lifted their target price on Goldman Sachs Group from $290.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Zacks Investment Research downgraded Goldman Sachs Group from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $246.10.

Goldman Sachs Group Inc (GS) traded down $2.38 during mid-day trading on Thursday, hitting $245.95. The stock had a trading volume of 2,331,400 shares, compared to its average volume of 3,286,980. Goldman Sachs Group Inc has a 1 year low of $209.62 and a 1 year high of $255.15. 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 cap of $93,670.45, a price-to-earnings ratio of 12.93, a PEG ratio of 1.26 and a beta of 1.47.

Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Tuesday, October 17th. The investment management company reported $5.02 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $8.33 billion during the quarter, compared to analyst estimates of $7.59 billion. During the same period last year, the company posted $4.88 EPS. The business’s quarterly revenue was up 2.0% on a year-over-year basis. equities analysts forecast that Goldman Sachs Group Inc will post 19.03 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Wednesday, November 29th. Goldman Sachs Group’s dividend payout ratio (DPR) is presently 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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