Exxonmobil Investment Management Inc. TX lowered its stake in shares of Goldman Sachs Group Inc. (NYSE:GS) by 3.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 96,282 shares of the investment management company’s stock after selling 3,716 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Goldman Sachs Group were worth $15,527,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Dodge & Cox increased its stake in Goldman Sachs Group by 11.4% in the second quarter. Dodge & Cox now owns 15,020,855 shares of the investment management company’s stock valued at $2,231,799,000 after buying an additional 1,531,815 shares in the last quarter. Emerald Acquisition Ltd. purchased a new stake in Goldman Sachs Group during the second quarter valued at approximately $157,768,000. Capital Research Global Investors increased its stake in Goldman Sachs Group by 26.8% in the second quarter. Capital Research Global Investors now owns 3,789,717 shares of the investment management company’s stock valued at $563,076,000 after buying an additional 802,067 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in Goldman Sachs Group by 351.6% in the third quarter. BNP Paribas Arbitrage SA now owns 599,802 shares of the investment management company’s stock valued at $96,730,000 after buying an additional 466,993 shares in the last quarter. Finally, Mackenzie Financial Corp increased its stake in Goldman Sachs Group by 594.7% in the second quarter. Mackenzie Financial Corp now owns 532,276 shares of the investment management company’s stock valued at $79,086,000 after buying an additional 455,655 shares in the last quarter. Hedge funds and other institutional investors own 72.29% of the company’s stock.

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

Shares of Goldman Sachs Group Inc. (NYSE:GS) traded up 0.35% during trading on Monday, hitting $211.08. The stock had a trading volume of 2,860,229 shares. The company has a market cap of $88.40 billion, a PE ratio of 16.94 and a beta of 1.55. The stock has a 50 day moving average of $181.26 and a 200 day moving average of $164.79. Goldman Sachs Group Inc. has a 12 month low of $138.20 and a 12 month high of $212.07.

Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Tuesday, October 18th. The investment management company reported $4.88 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.79 by $1.09. Goldman Sachs Group had a return on equity of 9.73% and a net margin of 19.58%. The company earned $8.17 billion during the quarter, compared to analyst estimates of $7.41 billion. During the same quarter in the previous year, the company posted $4.51 earnings per share. Goldman Sachs Group’s revenue was up 19.0% compared to the same quarter last year. Equities analysts forecast that Goldman Sachs Group Inc. will post $15.52 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 29th. Investors of record on Thursday, December 1st will be given a dividend of $0.65 per share. The ex-dividend date is Tuesday, November 29th. This represents a $2.60 annualized dividend and a yield of 1.23%. Goldman Sachs Group’s dividend payout ratio (DPR) is presently 20.72%.

GS has been the subject of several recent research reports. Vetr downgraded Goldman Sachs Group from a “hold” rating to a “sell” rating and set a $170.52 price target for the company. in a report on Thursday, October 27th. Rafferty Capital Markets upped their price target on Goldman Sachs Group from $191.00 to $227.00 and gave the stock a “buy” rating in a report on Thursday, November 10th. Nomura reiterated a “buy” rating and set a $197.00 price target on shares of Goldman Sachs Group in a report on Thursday, September 29th. Macquarie upgraded Goldman Sachs Group from a “neutral” rating to an “outperform” rating in a report on Friday. Finally, Citigroup Inc. upped their price target on Goldman Sachs Group from $180.00 to $195.00 and gave the stock a “buy” rating in a report on Monday, October 10th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $181.38.

In related news, EVP Alan M. Cohen sold 5,322 shares of Goldman Sachs Group stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $208.82, for a total transaction of $1,111,340.04. Following the transaction, the executive vice president now directly owns 85,528 shares in the company, valued at $17,859,956.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Lloyd C. Blankfein sold 2,483 shares of Goldman Sachs Group stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $206.23, for a total value of $512,069.09. Following the transaction, the chairman now owns 1,524,471 shares in the company, valued at $314,391,654.33. The disclosure for this sale can be found here. Corporate 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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