Columbia Partners L L C Investment Management reduced its stake in shares of Goldman Sachs Group Inc (NYSE:GS) by 15.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,623 shares of the investment management company’s stock after selling 2,578 shares during the quarter. Columbia Partners L L C Investment Management’s holdings in Goldman Sachs Group were worth $3,231,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. BlackRock Inc. grew its position in shares of Goldman Sachs Group by 3,301.2% in 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 period. Janus Henderson Group PLC grew its position in shares of Goldman Sachs Group by 4,096.0% in the 2nd quarter. Janus Henderson Group PLC now owns 2,475,978 shares of the investment management company’s stock valued at $549,415,000 after purchasing an additional 2,416,970 shares during the period. New England Asset Management Inc. grew its position in shares of Goldman Sachs Group by 440.8% in the 1st quarter. New England Asset Management Inc. now owns 2,331,063 shares of the investment management company’s stock valued at $535,492,000 after purchasing an additional 1,900,000 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Goldman Sachs Group by 47.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,602,847 shares of the investment management company’s stock valued at $799,472,000 after purchasing an additional 1,152,869 shares during the period. Finally, Harbour Capital Advisors LLC grew its position in shares of Goldman Sachs Group by 22,290.9% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,113,050 shares of the investment management company’s stock valued at $5,016,000 after purchasing an additional 1,108,079 shares during the period. Institutional investors own 73.35% of the company’s stock.

In other news, insider David M. Solomon sold 2,400 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $238.49, for a total transaction of $572,376.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Vice Chairman Richard J. Gnodde sold 4,951 shares of the company’s stock in a transaction that occurred on Wednesday, October 18th. The stock was sold at an average price of $239.95, for a total value of $1,187,992.45. The disclosure for this sale can be found here. In the last quarter, insiders have sold 135,177 shares of company stock worth $32,435,160. Company insiders own 2.57% of the company’s stock.

Several equities analysts recently issued reports on the company. Citigroup reiterated a “neutral” rating and issued a $250.00 price objective (up from $225.00) on shares of Goldman Sachs Group in a research report on Monday, October 9th. Credit Suisse Group lowered Goldman Sachs Group from an “outperform” rating to a “neutral” rating and boosted their price objective for the company from $240.00 to $255.00 in a research report on Monday, October 9th. They noted that the move was a valuation call. BMO Capital Markets reiterated a “hold” rating and issued a $202.00 price objective on shares of Goldman Sachs Group in a research report on Friday, October 6th. Zacks Investment Research lowered Goldman Sachs Group from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. Finally, Vertical Group lowered Goldman Sachs Group from a “hold” rating to a “sell” rating in a research report on Monday, November 6th. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $244.65.

Shares of Goldman Sachs Group Inc (GS) opened at $248.95 on Friday. Goldman Sachs Group Inc has a 12 month low of $209.62 and a 12 month high of $255.15. The stock has a market capitalization of $93,470.16, a P/E ratio of 12.91, a PEG ratio of 1.26 and a beta of 1.47. The company has a debt-to-equity ratio of 2.82, a quick ratio of 0.90 and a current ratio of 0.90.

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

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date is Wednesday, November 29th. Goldman Sachs Group’s dividend payout ratio is currently 15.63%.

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Goldman Sachs Group 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.

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

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