Foundry Partners LLC raised its stake in shares of Goldman Sachs Group Inc. (NYSE:GS) by 9.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 96,185 shares of the investment management company’s stock after buying an additional 8,079 shares during the period. Goldman Sachs Group accounts for about 0.8% of Foundry Partners LLC’s portfolio, making the stock its 16th largest position. Foundry Partners LLC’s holdings in Goldman Sachs Group were worth $15,512,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Thomas J. Herzfeld Advisors Inc. purchased a new position in shares of Goldman Sachs Group during the second quarter worth $102,000. Nelson Roberts Investment Advisors LLC increased its position in shares of Goldman Sachs Group by 26.8% in the second quarter. Nelson Roberts Investment Advisors LLC now owns 710 shares of the investment management company’s stock worth $105,000 after buying an additional 150 shares in the last quarter. CKW Financial Group increased its position in shares of Goldman Sachs Group by 33.3% in the second quarter. CKW Financial Group now owns 800 shares of the investment management company’s stock worth $119,000 after buying an additional 200 shares in the last quarter. Cedar Wealth Management LLC increased its position in shares of Goldman Sachs Group by 42.9% in the second quarter. Cedar Wealth Management LLC now owns 946 shares of the investment management company’s stock worth $141,000 after buying an additional 284 shares in the last quarter. Finally, Chicago Partners Investment Group LLC increased its position in shares of Goldman Sachs Group by 0.5% in the second quarter. Chicago Partners Investment Group LLC now owns 1,042 shares of the investment management company’s stock worth $155,000 after buying an additional 5 shares in the last quarter. 71.29% of the stock is owned by hedge funds and other institutional investors.

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

Goldman Sachs Group Inc. (NYSE:GS) traded up 0.34% during mid-day trading on Friday, reaching $210.35. 4,278,161 shares of the company were exchanged. Goldman Sachs Group Inc. has a one year low of $138.20 and a one year high of $212.07. The stock has a 50 day moving average of $173.36 and a 200-day moving average of $162.82. The stock has a market capitalization of $88.09 billion, a price-to-earnings ratio of 16.88 and a beta of 1.55.

Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Tuesday, October 18th. The investment management company reported $4.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.79 by $1.09. The firm had revenue of $8.17 billion for the quarter, compared to the consensus estimate of $7.41 billion. Goldman Sachs Group had a net margin of 19.58% and a return on equity of 9.73%. The business’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same quarter last year, the firm posted $4.51 EPS. On average, equities analysts expect that Goldman Sachs Group Inc. will post $15.52 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 29th. Stockholders of record on Thursday, December 1st will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date is Tuesday, November 29th. Goldman Sachs Group’s payout ratio is presently 20.72%.

GS has been the subject of a number of research reports. Citigroup Inc. raised their price target on shares of Goldman Sachs Group from $180.00 to $195.00 and gave the stock a “buy” rating in a report on Monday, October 10th. Zacks Investment Research cut shares of Goldman Sachs Group from a “buy” rating to a “hold” rating in a report on Monday, September 26th. JMP Securities restated a “market perform” rating on shares of Goldman Sachs Group in a report on Sunday, November 13th. Vetr upgraded shares of Goldman Sachs Group from a “sell” rating to a “strong-buy” rating and set a $179.28 price target for the company in a report on Thursday, September 29th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $214.00 price target (up from $200.00) on shares of Goldman Sachs Group in a report on Friday, October 21st. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $181.38.

In related news, EVP Alan M. Cohen sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $181.19, for a total value of $905,950.00. Following the transaction, the executive vice president now owns 61,444 shares of the company’s stock, valued at $11,133,038.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Sarah G. Smith sold 2,664 shares of the firm’s stock in a transaction that occurred on Wednesday, August 31st. The stock was sold at an average price of $170.00, for a total transaction of $452,880.00. Following the completion of the transaction, the insider now directly owns 13,075 shares in the company, valued at approximately $2,222,750. The disclosure for this sale can be found here. Insiders own 2.61% of the company’s stock.

About Goldman Sachs Group

The Goldman Sachs Group, Inc is a bank holding company and a financial holding company. The Company operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Company’s Investment Banking segment provides financial advisory services, which include advisory assignments with respect to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs and risk management.

5 Day Chart for NYSE:GS

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