Harbour Capital Advisors LLC lowered its position in shares of Goldman Sachs Group Inc (NYSE:GS) by 6.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,436 shares of the investment management company’s stock after selling 395 shares during the quarter. Harbour Capital Advisors LLC’s holdings in Goldman Sachs Group were worth $1,219,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. Principal Financial Group Inc. grew its stake in shares of Goldman Sachs Group by 8.5% during the 1st quarter. Principal Financial Group Inc. now owns 683,349 shares of the investment management company’s stock worth $172,109,000 after purchasing an additional 53,448 shares during the period. Xact Kapitalforvaltning AB grew its stake in shares of Goldman Sachs Group by 3.2% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 71,238 shares of the investment management company’s stock worth $15,713,000 after purchasing an additional 2,214 shares during the period. FormulaFolio Investments LLC acquired a new position in shares of Goldman Sachs Group during the 2nd quarter worth $267,000. Mckinley Capital Management LLC Delaware acquired a new position in shares of Goldman Sachs Group during the 2nd quarter worth $309,000. Finally, Rathbone Brothers plc grew its stake in shares of Goldman Sachs Group by 4.9% during the 2nd quarter. Rathbone Brothers plc now owns 5,746 shares of the investment management company’s stock worth $1,267,000 after purchasing an additional 270 shares during the period. Institutional investors own 72.51% of the company’s stock.

A number of brokerages recently commented on GS. Wells Fargo & Co reissued a “buy” rating on shares of Goldman Sachs Group in a research note on Thursday, September 20th. JPMorgan Chase & Co. reissued a “buy” rating and issued a $285.00 price objective on shares of Goldman Sachs Group in a research note on Monday, September 10th. Wolfe Research began coverage on shares of Goldman Sachs Group in a research note on Tuesday, September 25th. They issued an “outperform” rating on the stock. Keefe, Bruyette & Woods lowered their price objective on shares of Goldman Sachs Group from $260.00 to $255.00 and set a “hold” rating on the stock in a research note on Wednesday, July 18th. Finally, Credit Suisse Group raised shares of Goldman Sachs Group from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 17th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Goldman Sachs Group presently has an average rating of “Hold” and an average target price of $281.21.

Goldman Sachs Group stock opened at $206.05 on Tuesday. Goldman Sachs Group Inc has a 12-month low of $205.13 and a 12-month high of $275.31. The stock has a market cap of $82.82 billion, a price-to-earnings ratio of 10.43, a PEG ratio of 0.73 and a beta of 1.15. The company has a debt-to-equity ratio of 3.04, a quick ratio of 0.90 and a current ratio of 0.90.

Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Tuesday, October 16th. The investment management company reported $6.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $5.38 by $0.90. Goldman Sachs Group had a net margin of 16.68% and a return on equity of 14.10%. The company had revenue of $8.65 billion for the quarter, compared to analysts’ expectations of $8.43 billion. During the same period last year, the company earned $5.02 EPS. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. As a group, equities research analysts expect that Goldman Sachs Group Inc will post 25.32 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, November 30th will be paid a dividend of $0.80 per share. The ex-dividend date is Thursday, November 29th. This represents a $3.20 annualized dividend and a dividend yield of 1.55%. Goldman Sachs Group’s dividend payout ratio is currently 16.19%.

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Goldman Sachs Group 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.

Further Reading: Stock Symbols Definition, Examples, Lookup

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

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