JPMorgan Chase & Co. cut its position in Goldman Sachs Group Inc. (NYSE:GS) by 6.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,054,631 shares of the investment management company’s stock after selling 323,213 shares during the period. JPMorgan Chase & Co. owned 1.21% of Goldman Sachs Group worth $815,163,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of GS. Vanguard Group Inc. increased its position in shares of Goldman Sachs Group by 0.4% in the second quarter. Vanguard Group Inc. now owns 22,472,479 shares of the investment management company’s stock worth $3,338,962,000 after buying an additional 93,526 shares during the last quarter. Dodge & Cox increased its position in shares of 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 worth $2,231,799,000 after buying an additional 1,531,815 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Goldman Sachs Group by 1.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 12,644,354 shares of the investment management company’s stock worth $1,878,700,000 after buying an additional 194,684 shares during the last quarter. Capital World Investors increased its position in shares of Goldman Sachs Group by 0.3% in the second quarter. Capital World Investors now owns 11,404,284 shares of the investment management company’s stock worth $1,694,449,000 after buying an additional 38,554 shares during the last quarter. Finally, Harris Associates L P increased its position in shares of Goldman Sachs Group by 6.3% in the second quarter. Harris Associates L P now owns 5,743,708 shares of the investment management company’s stock worth $853,400,000 after buying an additional 338,324 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) opened at 211.75 on Wednesday. Goldman Sachs Group Inc. has a 52-week low of $138.20 and a 52-week high of $213.41. The firm’s 50-day moving average is $186.97 and its 200-day moving average is $166.34. The firm has a market cap of $88.68 billion, a price-to-earnings ratio of 16.99 and a beta of 1.55.

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 analysts’ consensus estimates of $3.79 by $1.09. Goldman Sachs Group had a net margin of 19.58% and a return on equity of 9.73%. The business had revenue of $8.17 billion for the quarter, compared to analyst estimates of $7.41 billion. During the same period last year, the business posted $4.51 earnings per share. The firm’s quarterly revenue was up 19.0% on a year-over-year basis. Analysts forecast that Goldman Sachs Group Inc. will post $15.53 EPS for the current fiscal year.

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

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GS has been the topic of a number of recent analyst reports. Nomura cut Goldman Sachs Group from a “buy” rating to a “neutral” rating in a report on Tuesday. They noted that the move was a valuation call. Instinet cut Goldman Sachs Group from a “buy” rating to a “neutral” rating and set a $201.00 target price on the stock. in a report on Tuesday. Keefe, Bruyette & Woods raised Goldman Sachs Group from a “market perform” rating to an “outperform” rating and set a $240.00 target price on the stock in a report on Tuesday. Deutsche Bank AG raised Goldman Sachs Group from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Barclays PLC reissued an “equal weight” rating and set a $210.00 target price on shares of Goldman Sachs Group in a report on Tuesday, October 11th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the company. Goldman Sachs Group presently has an average rating of “Hold” and an average target price of $185.69.

In related news, insider Sarah G. Smith sold 218 shares of the firm’s stock in a transaction on Friday, November 18th. The shares were sold at an average price of $211.47, for a total transaction of $46,100.46. Following the sale, the insider now directly owns 22,103 shares in the company, valued at $4,674,121.41. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Lloyd C. Blankfein sold 2,504 shares of the firm’s stock in a transaction on Friday, November 18th. The stock was sold at an average price of $211.32, for a total transaction of $529,145.28. Following the sale, the chairman now owns 1,524,471 shares in the company, valued at $322,151,211.72. 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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