Aviance Capital Partners LLC decreased its position in Goldman Sachs Group Inc (NYSE:GS) by 4.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,221 shares of the investment management company’s stock after selling 620 shares during the quarter. Goldman Sachs Group makes up approximately 1.1% of Aviance Capital Partners LLC’s portfolio, making the stock its 13th largest holding. Aviance Capital Partners LLC’s holdings in Goldman Sachs Group were worth $3,136,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. MV Capital Management Inc. boosted its stake in Goldman Sachs Group by 0.5% during the second quarter. MV Capital Management Inc. now owns 618 shares of the investment management company’s stock worth $137,000 after buying an additional 3 shares in the last quarter. Geller Family Office Services LLC boosted its stake in Goldman Sachs Group by 0.3% during the second quarter. Geller Family Office Services LLC now owns 944 shares of the investment management company’s stock worth $209,000 after buying an additional 3 shares in the last quarter. Hudock Capital Group LLC boosted its stake in Goldman Sachs Group by 0.4% during the second quarter. Hudock Capital Group LLC now owns 1,134 shares of the investment management company’s stock worth $251,000 after buying an additional 4 shares in the last quarter. FTB Advisors Inc. boosted its stake in Goldman Sachs Group by 0.3% during the second quarter. FTB Advisors Inc. now owns 1,605 shares of the investment management company’s stock worth $360,000 after buying an additional 5 shares in the last quarter. Finally, Lowe Brockenbrough & Co. Inc. boosted its stake in Goldman Sachs Group by 0.7% during the second quarter. Lowe Brockenbrough & Co. Inc. now owns 912 shares of the investment management company’s stock worth $202,000 after buying an additional 6 shares in the last quarter. 73.35% of the stock is currently owned by institutional investors.

Shares of Goldman Sachs Group Inc (NYSE GS) traded up $1.70 during trading hours on Tuesday, reaching $250.65. The company’s stock had a trading volume of 3,326,100 shares, compared to its average volume of 3,294,345. The company has a market cap of $93,904.31, a PE ratio of 12.97, a P/E/G ratio of 1.26 and a beta of 1.47. Goldman Sachs Group Inc has a 12-month low of $209.62 and a 12-month 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 (NYSE:GS) last announced its quarterly earnings data on Tuesday, October 17th. The investment management company reported $5.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $4.17 by $0.85. The firm had revenue of $8.33 billion during the quarter, compared to analysts’ expectations of $7.59 billion. Goldman Sachs Group had a return on equity of 11.34% and a net margin of 26.42%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the business posted $4.88 EPS. sell-side analysts expect that Goldman Sachs Group Inc will post 19.03 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, November 30th will be issued a dividend of $0.75 per share. The ex-dividend date is Wednesday, November 29th. This represents a $3.00 annualized dividend and a yield of 1.20%. Goldman Sachs Group’s dividend payout ratio is currently 15.63%.

A number of research firms have weighed in on GS. Citigroup reiterated a “neutral” rating and set a $250.00 price target (up previously from $225.00) on shares of Goldman Sachs Group in a research note on Monday, October 9th. Credit Suisse Group downgraded shares of Goldman Sachs Group from an “outperform” rating to a “neutral” rating and lifted their price target for the stock from $240.00 to $255.00 in a research note on Monday, October 9th. They noted that the move was a valuation call. BMO Capital Markets restated a “hold” rating and issued a $202.00 target price on shares of Goldman Sachs Group in a research note on Friday, October 6th. Zacks Investment Research downgraded shares of Goldman Sachs Group from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. Finally, Vertical Group downgraded shares of Goldman Sachs Group from a “hold” rating to a “sell” rating in a research note on Monday, November 6th. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $244.65.

In other news, insider David M. Solomon sold 2,400 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $238.49, for a total value of $572,376.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Lloyd C. Blankfein sold 20,794 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $238.38, for a total value of $4,956,873.72. The disclosure for this sale can be found here. Insiders have sold a total of 135,177 shares of company stock valued at $32,435,160 over the last three months. Company insiders own 2.57% of the company’s stock.

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Goldman Sachs Group Company 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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