Eagle Asset Management Inc. decreased its holdings in shares of Goldman Sachs Group Inc (NYSE:GS) by 60.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,463 shares of the investment management company’s stock after selling 8,199 shares during the period. Eagle Asset Management Inc.’s holdings in Goldman Sachs Group were worth $1,314,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in GS. BlackRock Inc. increased its position in shares of Goldman Sachs Group by 3,301.2% during the first quarter. BlackRock Inc. now owns 24,569,536 shares of the investment management company’s stock valued at $5,644,114,000 after acquiring an additional 23,847,154 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Goldman Sachs Group by 4,096.0% in the second quarter. Janus Henderson Group PLC now owns 2,475,978 shares of the investment management company’s stock worth $549,415,000 after purchasing an additional 2,416,970 shares during the last quarter. New England Asset Management Inc. boosted its holdings in Goldman Sachs Group by 440.8% in the first quarter. New England Asset Management Inc. now owns 2,331,063 shares of the investment management company’s stock worth $535,492,000 after purchasing an additional 1,900,000 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Goldman Sachs Group by 47.1% in the second quarter. The Manufacturers Life Insurance Company now owns 3,602,847 shares of the investment management company’s stock worth $799,472,000 after purchasing an additional 1,152,869 shares during the last quarter. Finally, Harbour Capital Advisors LLC boosted its holdings in Goldman Sachs Group by 22,290.9% in the second quarter. Harbour Capital Advisors LLC now owns 1,113,050 shares of the investment management company’s stock worth $5,016,000 after purchasing an additional 1,108,079 shares during the last quarter. 73.35% of the stock is owned by institutional investors and hedge funds.

In other news, Vice Chairman Richard J. Gnodde sold 4,951 shares of the company’s stock in a transaction that occurred on Wednesday, October 18th. The shares were sold at an average price of $239.95, for a total value of $1,187,992.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Harvey M. Schwartz sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $245.00, for a total transaction of $6,125,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 135,177 shares of company stock valued at $32,435,160. 2.57% of the stock is owned by corporate insiders.

Several equities research analysts recently issued reports on GS shares. Zacks Investment Research cut shares of Goldman Sachs Group from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. Societe Generale set a $198.00 price target on shares of Goldman Sachs Group and gave the stock a “sell” rating in a research note on Thursday, October 19th. TheStreet upgraded shares of Goldman Sachs Group from a “c+” rating to a “b” rating in a research note on Friday, October 13th. 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. Finally, Morgan Stanley lifted their price target on shares of Goldman Sachs Group from $265.00 to $287.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 18th. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Goldman Sachs Group currently has an average rating of “Hold” and an average target price of $246.10.

Goldman Sachs Group Inc (NYSE:GS) traded down $2.38 during trading on Thursday, reaching $245.95. 2,331,400 shares of the company’s stock traded hands, compared to its average volume of 3,286,980. The stock has a market cap of $93,670.45, a PE ratio of 12.93, a price-to-earnings-growth 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 Inc has a 12 month low of $209.62 and a 12 month high of $255.15.

Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Tuesday, October 17th. The investment management company reported $5.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.17 by $0.85. The company had revenue of $8.33 billion during the quarter, compared to analysts’ expectations of $7.59 billion. Goldman Sachs Group had a net margin of 26.42% and a return on equity of 11.34%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the company earned $4.88 EPS. research analysts predict 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. Shareholders of record on Thursday, November 30th will be given a $0.75 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $3.00 annualized dividend and a yield of 1.22%. Goldman Sachs Group’s dividend payout ratio (DPR) is 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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