Cadence Capital Management LLC acquired a new position in Goldman Sachs Group Inc (NYSE:GS) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,719 shares of the investment management company’s stock, valued at approximately $1,731,000.

Other large investors have also added to or reduced their stakes in the company. Palo Capital Inc. acquired a new stake in Goldman Sachs Group in the third quarter valued at $109,000. Zions Bancorporation acquired a new stake in Goldman Sachs Group in the second quarter valued at $109,000. First Mercantile Trust Co. acquired a new stake in Goldman Sachs Group in the second quarter valued at $110,000. Asset Advisors Investment Management LLC acquired a new stake in Goldman Sachs Group in the third quarter valued at $115,000. Finally, Investment Partners LTD. acquired a new stake in Goldman Sachs Group in the third quarter valued at $224,000. Hedge funds and other institutional investors own 71.32% of the company’s stock.

GS opened at $222.65 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 3.04. The firm has a market cap of $86.03 billion, a P/E ratio of 9.29, a P/E/G ratio of 0.76 and a beta of 1.15. Goldman Sachs Group Inc has a 52 week low of $208.40 and a 52 week high of $275.31.

Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Tuesday, October 16th. The investment management company reported $6.28 EPS for the quarter, beating analysts’ consensus estimates of $5.38 by $0.90. The business had revenue of $8.65 billion for the quarter, compared to analyst estimates of $8.43 billion. Goldman Sachs Group had a return on equity of 14.10% and a net margin of 16.68%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter last year, the company earned $5.02 earnings per share. Equities analysts predict that Goldman Sachs Group Inc will post 25.32 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, November 30th will be paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date is Thursday, November 29th. Goldman Sachs Group’s payout ratio is currently 16.19%.

Several analysts have weighed in on the company. Zacks Investment Research lowered Goldman Sachs Group from a “buy” rating to a “hold” rating in a report on Wednesday, September 12th. Societe Generale raised Goldman Sachs Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 18th. BMO Capital Markets upped their target price on Goldman Sachs Group from $261.00 to $276.00 and gave the company a “market perform” rating in a report on Wednesday, October 17th. They noted that the move was a valuation call. JPMorgan Chase & Co. reissued a “buy” rating and issued a $280.00 target price on shares of Goldman Sachs Group in a report on Tuesday, July 17th. Finally, Wells Fargo & Co reissued a “buy” rating on shares of Goldman Sachs Group in a report on Thursday, September 20th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the stock. Goldman Sachs Group has a consensus rating of “Hold” and an average target price of $281.84.

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Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.

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

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