Magnetar Financial LLC reduced its holdings in shares of Goldman Sachs Group Inc (NYSE:GS) by 76.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,855 shares of the investment management company’s stock after selling 15,695 shares during the period. Magnetar Financial LLC’s holdings in Goldman Sachs Group were worth $1,152,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in GS. NorthCoast Asset Management LLC grew its holdings in Goldman Sachs Group by 729.6% during the 1st quarter. NorthCoast Asset Management LLC now owns 75,930 shares of the investment management company’s stock worth $17,443,000 after acquiring an additional 66,777 shares in the last quarter. Parallel Advisors LLC grew its holdings in Goldman Sachs Group by 10.7% during the 1st quarter. Parallel Advisors LLC now owns 558 shares of the investment management company’s stock worth $126,000 after acquiring an additional 54 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Goldman Sachs Group by 3.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,440,198 shares of the investment management company’s stock worth $560,573,000 after acquiring an additional 87,995 shares in the last quarter. Aureus Asset Management LLC grew its holdings in Goldman Sachs Group by 13.6% during the 1st quarter. Aureus Asset Management LLC now owns 1,252 shares of the investment management company’s stock worth $281,000 after acquiring an additional 150 shares in the last quarter. Finally, Northside Capital Management LLC grew its holdings in Goldman Sachs Group by 132.0% during the 1st quarter. Northside Capital Management LLC now owns 6,855 shares of the investment management company’s stock worth $1,575,000 after acquiring an additional 3,900 shares in the last quarter. 73.35% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have commented on GS shares. TheStreet upgraded shares of Goldman Sachs Group from a “c+” rating to a “b” rating in a report on Friday, October 13th. J P Morgan Chase & Co set a $260.00 target price on shares of Goldman Sachs Group and gave the company a “buy” rating in a report on Friday, September 15th. Zacks Investment Research upgraded shares of Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $271.00 target price for the company in a report on Friday, October 20th. Bank of America upped their target price on shares of Goldman Sachs Group from $290.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, December 7th. Finally, BMO Capital Markets restated a “hold” rating and issued a $202.00 target price on shares of Goldman Sachs Group in a report on Friday, October 6th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $246.10.

Shares of Goldman Sachs Group Inc (GS) traded down $2.12 during trading hours on Thursday, reaching $255.56. 3,482,300 shares of the company were exchanged, compared to its average volume of 3,272,948. The firm has a market cap of $97,197.28, a PE ratio of 13.42, a P/E/G ratio of 1.31 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 $260.50.

Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Tuesday, October 17th. The investment management company reported $5.02 earnings per share for the quarter, topping the Zacks’ 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 net margin of 26.42% and a return on equity of 11.34%. Goldman Sachs Group’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.88 EPS. analysts anticipate that Goldman Sachs Group Inc will post 19.03 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Investors 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 yield of 1.17%. The ex-dividend date is Wednesday, November 29th. Goldman Sachs Group’s dividend payout ratio is currently 15.63%.

In related news, VP Gregory K. Palm sold 4,620 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $238.99, for a total transaction of $1,104,133.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director David A. Viniar sold 7,393 shares of the stock in a transaction on Friday, October 20th. The stock was sold at an average price of $245.18, for a total transaction of $1,812,615.74. The disclosure for this sale can be found here. In the last quarter, insiders have sold 135,177 shares of company stock valued at $32,435,160. 2.57% of the stock is owned by company insiders.

ILLEGAL ACTIVITY NOTICE: This piece was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of international trademark and copyright laws. The original version of this piece can be viewed at https://www.thecerbatgem.com/2017/12/14/magnetar-financial-llc-sells-15695-shares-of-goldman-sachs-group-inc-gs.html.

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)

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