GAM Holding AG Boosts Stake in Goldman Sachs Group Inc (GS)

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GAM Holding AG increased its stake in shares of Goldman Sachs Group Inc (NYSE:GS) by 14.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 6,923 shares of the investment management company’s stock after buying an additional 883 shares during the quarter. GAM Holding AG’s holdings in Goldman Sachs Group were worth $1,552,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of GS. Renaissance Technologies LLC grew its position in Goldman Sachs Group by 716.4% during the second quarter. Renaissance Technologies LLC now owns 801,657 shares of the investment management company’s stock worth $176,821,000 after buying an additional 703,457 shares in the last quarter. Investec Asset Management LTD grew its position in Goldman Sachs Group by 360.3% during the second quarter. Investec Asset Management LTD now owns 704,170 shares of the investment management company’s stock worth $155,319,000 after buying an additional 551,181 shares in the last quarter. Prudential Financial Inc. grew its position in Goldman Sachs Group by 83.4% during the third quarter. Prudential Financial Inc. now owns 1,025,962 shares of the investment management company’s stock worth $230,062,000 after buying an additional 466,410 shares in the last quarter. Gilder Gagnon Howe & Co. LLC acquired a new stake in Goldman Sachs Group during the third quarter worth approximately $82,012,000. Finally, Massachusetts Financial Services Co. MA grew its position in Goldman Sachs Group by 3.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 11,736,573 shares of the investment management company’s stock worth $2,631,807,000 after buying an additional 360,264 shares in the last quarter. 70.94% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts recently issued reports on GS shares. Bank of America reduced their price target on Goldman Sachs Group to $280.00 in a research report on Sunday. Zacks Investment Research upgraded Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $249.00 target price for the company in a research note on Tuesday, November 13th. JPMorgan Chase & Co. restated a “buy” rating and set a $285.00 target price on shares of Goldman Sachs Group in a research note on Monday, September 10th. Wells Fargo & Co restated a “buy” rating on shares of Goldman Sachs Group in a research note on Thursday, September 20th. Finally, Morgan Stanley cut Goldman Sachs Group from an “overweight” rating to an “equal weight” rating and set a $226.00 target price for the company. in a research note on Wednesday, November 21st. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $273.27.

NYSE GS opened at $184.31 on Thursday. The company has a debt-to-equity ratio of 3.04, a current ratio of 0.90 and a quick ratio of 0.90. Goldman Sachs Group Inc has a fifty-two week low of $183.63 and a fifty-two week high of $275.31. The firm has a market cap of $68.56 billion, a price-to-earnings ratio of 9.33, a price-to-earnings-growth ratio of 0.60 and a beta of 1.11.

Goldman Sachs Group (NYSE:GS) last released its earnings results on Tuesday, October 16th. The investment management company reported $6.28 earnings per share for the quarter, topping the consensus estimate of $5.38 by $0.90. Goldman Sachs Group had a return on equity of 14.10% and a net margin of 16.68%. The firm had revenue of $8.65 billion during the quarter, compared to analysts’ expectations of $8.43 billion. During the same period in the prior year, the company earned $5.02 earnings per share. The company’s quarterly revenue was up 3.8% on a year-over-year basis. As a group, analysts predict that Goldman Sachs Group Inc will post 25.33 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, November 30th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Thursday, November 29th. Goldman Sachs Group’s payout ratio is 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.

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

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