US Bancorp DE cut its position in Goldman Sachs Group Inc. (NYSE:GS) by 4.7% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 164,733 shares of the investment management company’s stock after selling 8,126 shares during the period. US Bancorp DE’s holdings in Goldman Sachs Group were worth $26,565,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Thomas J. Herzfeld Advisors Inc. purchased a new stake in Goldman Sachs Group during the second quarter worth approximately $102,000. Nelson Roberts Investment Advisors LLC boosted its stake in 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 during the last quarter. Alpha Windward LLC boosted its stake in Goldman Sachs Group by 2.2% in the third quarter. Alpha Windward LLC now owns 838 shares of the investment management company’s stock worth $135,000 after buying an additional 18 shares during the last quarter. Cedar Wealth Management LLC boosted its stake in 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 during the last quarter. Finally, Chicago Partners Investment Group LLC boosted its stake in 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 during the last quarter. Institutional investors and hedge funds own 69.61% of the company’s stock.

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

Goldman Sachs Group Inc. (NYSE:GS) traded up 1.25% during trading on Tuesday, hitting $212.32. 799,000 shares of the company were exchanged. The stock’s 50-day moving average is $186.97 and its 200-day moving average is $166.34. Goldman Sachs Group Inc. has a 12 month low of $138.20 and a 12 month high of $213.41. The company has a market capitalization of $88.92 billion, a price-to-earnings ratio of 17.04 and a beta of 1.55.

Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Tuesday, October 18th. The investment management company reported $4.88 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.79 by $1.09. The company earned $8.17 billion during the quarter, compared to analysts’ expectations of $7.41 billion. Goldman Sachs Group had a net margin of 19.58% and a return on equity of 9.73%. The firm’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same period in the prior year, the business posted $4.51 earnings per share. Equities research analysts anticipate that Goldman Sachs Group Inc. will post $15.53 earnings per share for the current year.

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

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A number of equities research analysts have recently commented on GS shares. JPMorgan Chase & Co. set a $176.00 price target on shares of Goldman Sachs Group and gave the company a “buy” rating in a report on Thursday, September 22nd. Zacks Investment Research upgraded shares of Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $186.00 price objective on the stock in a research report on Tuesday, September 20th. Nomura restated a “buy” rating and set a $197.00 price objective on shares of Goldman Sachs Group in a research report on Thursday, September 29th. TheStreet upgraded shares of Goldman Sachs Group from a “hold” rating to a “buy” rating in a research report on Friday, August 5th. Finally, Oppenheimer Holdings Inc. set a $222.00 price objective on shares of Goldman Sachs Group and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have issued a buy rating to the company. Goldman Sachs Group presently has an average rating of “Hold” and an average price target of $182.28.

In other Goldman Sachs Group news, insider Sarah G. Smith sold 2,664 shares of the company’s stock in a transaction on Wednesday, August 31st. The shares were 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 $2,222,750. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gary D. Cohn sold 3,566 shares of the company’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of $208.65, for a total transaction of $744,045.90. Following the transaction, the insider now owns 566,791 shares of the company’s stock, valued at $118,260,942.15. The disclosure for this sale can be found here. Company 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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