Meyer Handelman Co. increased its holdings in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) by 7.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,656 shares of the investment management company’s stock after buying an additional 3,156 shares during the quarter. Meyer Handelman Co.’s holdings in Goldman Sachs Group, Inc. (The) were worth $11,302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in GS. BlackRock Inc. grew its stake in Goldman Sachs Group, Inc. (The) by 3,301.2% during the 1st quarter. BlackRock Inc. now owns 24,569,536 shares of the investment management company’s stock valued at $5,644,114,000 after purchasing an additional 23,847,154 shares during the last quarter. Vanguard Group Inc. grew its stake in Goldman Sachs Group, Inc. (The) by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 24,072,777 shares of the investment management company’s stock valued at $5,341,749,000 after purchasing an additional 304,400 shares during the last quarter. State Street Corp grew its stake in Goldman Sachs Group, Inc. (The) by 2.7% during the 1st quarter. State Street Corp now owns 22,851,344 shares of the investment management company’s stock valued at $5,249,408,000 after purchasing an additional 603,165 shares during the last quarter. FMR LLC grew its stake in Goldman Sachs Group, Inc. (The) by 10.9% during the 1st quarter. FMR LLC now owns 10,995,425 shares of the investment management company’s stock valued at $2,525,869,000 after purchasing an additional 1,084,624 shares during the last quarter. Finally, Capital World Investors grew its stake in Goldman Sachs Group, Inc. (The) by 10.5% during the 2nd quarter. Capital World Investors now owns 7,649,583 shares of the investment management company’s stock valued at $1,697,442,000 after purchasing an additional 726,582 shares during the last quarter. Hedge funds and other institutional investors own 74.41% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Goldman Sachs Group, Inc. (The) (GS) Shares Bought by Meyer Handelman Co.” was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another website, it was illegally copied and republished in violation of United States and international copyright laws. The correct version of this story can be viewed at https://www.thecerbatgem.com/2017/11/16/goldman-sachs-group-inc-the-gs-shares-bought-by-meyer-handelman-co.html.

In other news, Vice Chairman Richard J. Gnodde sold 4,951 shares of the firm’s stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $239.95, for a total transaction of $1,187,992.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David M. Solomon sold 2,400 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $238.49, for a total value of $572,376.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 39,744 shares of company stock valued at $9,697,984. Company insiders own 2.57% of the company’s stock.

Several analysts have weighed in on the company. Royal Bank Of Canada reiterated a “hold” rating and set a $240.00 price target on shares of Goldman Sachs Group, Inc. (The) in a research note on Wednesday. Berenberg Bank reiterated a “sell” rating and set a $190.00 price target on shares of Goldman Sachs Group, Inc. (The) in a research note on Friday, July 21st. Oppenheimer Holdings, Inc. boosted their price target on Goldman Sachs Group, Inc. (The) from $251.00 to $256.00 and gave the company an “outperform” rating in a research note on Wednesday, July 19th. Keefe, Bruyette & Woods downgraded Goldman Sachs Group, Inc. (The) from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $260.00 to $240.00 in a research note on Wednesday, July 19th. Finally, BidaskClub downgraded Goldman Sachs Group, Inc. (The) from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $245.06.

Goldman Sachs Group, Inc. (NYSE:GS) opened at $237.61 on Thursday. The firm has a market capitalization of $89,487.29, a P/E ratio of 12.36, a P/E/G ratio of 1.20 and a beta of 1.48. Goldman Sachs Group, Inc. has a 52-week low of $204.83 and a 52-week high of $255.15. The company has a debt-to-equity ratio of 2.82, a current ratio of 0.90 and a quick ratio of 0.90.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last released its quarterly earnings results on Tuesday, October 17th. The investment management company reported $5.02 EPS for the quarter, topping the consensus estimate of $4.17 by $0.85. Goldman Sachs Group, Inc. (The) had a return on equity of 11.34% and a net margin of 26.42%. The business had revenue of $8.33 billion during the quarter, compared to analyst estimates of $7.59 billion. During the same period last year, the business posted $4.88 earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis. analysts anticipate that Goldman Sachs Group, Inc. will post 19.03 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $3.00 annualized dividend and a dividend yield of 1.26%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio is currently 15.63%.

Goldman Sachs Group, Inc. (The) Profile

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.

Want to see what other hedge funds are holding GS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Goldman Sachs Group, Inc. (The) (NYSE:GS).

Institutional Ownership by Quarter for Goldman Sachs Group, Inc. (The) (NYSE:GS)

Receive News & Stock Ratings for Goldman Sachs Group Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goldman Sachs Group Inc. (The) and related stocks with our FREE daily email newsletter.