The Goldman Sachs Group, Inc. (NYSE:GS) Position Raised by FARMERS & MERCHANTS TRUST Co OF LONG BEACH

FARMERS & MERCHANTS TRUST Co OF LONG BEACH lifted its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 4.7% during the third quarter, Holdings Channel reports. The institutional investor owned 7,612 shares of the investment management company’s stock after buying an additional 342 shares during the quarter. The Goldman Sachs Group makes up approximately 0.8% of FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s investment portfolio, making the stock its 28th largest position. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in The Goldman Sachs Group were worth $2,877,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of The Goldman Sachs Group by 7.3% in the 2nd quarter. BlackRock Inc. now owns 23,048,469 shares of the investment management company’s stock worth $8,747,586,000 after buying an additional 1,559,063 shares in the last quarter. State Street Corp raised its stake in shares of The Goldman Sachs Group by 1.2% in the 2nd quarter. State Street Corp now owns 21,270,641 shares of the investment management company’s stock worth $8,072,846,000 after buying an additional 245,759 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of The Goldman Sachs Group by 3.5% in the 2nd quarter. Geode Capital Management LLC now owns 5,483,521 shares of the investment management company’s stock worth $2,074,855,000 after buying an additional 185,867 shares in the last quarter. FMR LLC raised its stake in shares of The Goldman Sachs Group by 20.2% in the 2nd quarter. FMR LLC now owns 4,429,635 shares of the investment management company’s stock worth $1,681,179,000 after buying an additional 744,924 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of The Goldman Sachs Group by 13.8% in the 2nd quarter. Alliancebernstein L.P. now owns 3,643,853 shares of the investment management company’s stock worth $1,382,952,000 after buying an additional 441,659 shares in the last quarter. 70.64% of the stock is currently owned by institutional investors.

A number of brokerages have recently issued reports on GS. Oppenheimer boosted their target price on The Goldman Sachs Group from $520.00 to $576.00 and gave the stock an “outperform” rating in a research report on Monday, October 18th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $435.00 target price (up from $370.00) on shares of The Goldman Sachs Group in a research report on Monday, October 18th. Morgan Stanley boosted their target price on The Goldman Sachs Group from $332.00 to $384.00 and gave the stock an “underweight” rating in a research report on Thursday, July 29th. Citigroup lifted their price target on The Goldman Sachs Group from $410.00 to $440.00 and gave the company a “buy” rating in a report on Friday, October 1st. Finally, JPMorgan Chase & Co. set a $460.00 price target on The Goldman Sachs Group in a report on Monday, October 18th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of “Buy” and an average target price of $419.29.

Shares of GS stock traded down $7.15 during trading hours on Thursday, hitting $399.19. The company had a trading volume of 2,186,259 shares, compared to its average volume of 2,755,415. The Goldman Sachs Group, Inc. has a 12 month low of $230.36 and a 12 month high of $426.16. The firm has a market capitalization of $133.65 billion, a price-to-earnings ratio of 6.58, a PEG ratio of 0.57 and a beta of 1.53. The firm’s fifty day moving average is $398.60 and its 200 day moving average is $388.15. The company has a debt-to-equity ratio of 2.52, a quick ratio of 0.85 and a current ratio of 0.85.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Thursday, October 14th. The investment management company reported $14.93 EPS for the quarter, topping the Zacks’ consensus estimate of $9.78 by $5.15. The business had revenue of $13.61 billion for the quarter, compared to analyst estimates of $11.61 billion. The Goldman Sachs Group had a return on equity of 24.52% and a net margin of 34.46%. The Goldman Sachs Group’s revenue for the quarter was up 26.2% on a year-over-year basis. During the same period in the prior year, the company earned $9.68 EPS. On average, sell-side analysts expect that The Goldman Sachs Group, Inc. will post 60.13 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 30th. Investors of record on Thursday, December 2nd will be given a dividend of $2.00 per share. The ex-dividend date of this dividend is Wednesday, December 1st. This represents a $8.00 dividend on an annualized basis and a yield of 2.00%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 13.19%.

The Goldman Sachs Group Profile

Goldman Sachs Group, Inc engages in global investment banking, securities, and investment management, which provides financial services. It operates through the following business segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The Investment Banking segment serves public and private sector clients around the world and provides financial advisory services, help companies raise capital to strengthen and grow their businesses and provide financing to corporate clients.

See Also: Insider Trading – What You Need to Know

Want to see what other hedge funds are holding GS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Goldman Sachs Group, Inc. (NYSE:GS).

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

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