Markston International LLC Raises Holdings in Goldman Sachs Group Inc (GS)

Markston International LLC boosted its position in shares of Goldman Sachs Group Inc (NYSE:GS) by 6.3% in the third quarter, HoldingsChannel.com reports. The fund owned 38,850 shares of the investment management company’s stock after acquiring an additional 2,288 shares during the quarter. Markston International LLC’s holdings in Goldman Sachs Group were worth $8,712,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Palo Capital Inc. acquired a new position in shares of Goldman Sachs Group in the 3rd quarter valued at about $109,000. Zions Bancorporation acquired a new position in shares of Goldman Sachs Group in the 2nd quarter valued at about $109,000. First Mercantile Trust Co. acquired a new position in shares of Goldman Sachs Group in the 2nd quarter valued at about $110,000. Asset Advisors Investment Management LLC acquired a new position in shares of Goldman Sachs Group in the 3rd quarter valued at about $115,000. Finally, Investment Partners LTD. acquired a new position in shares of Goldman Sachs Group in the 3rd quarter valued at about $224,000. 71.32% of the stock is owned by institutional investors.

Shares of Goldman Sachs Group stock opened at $231.28 on Thursday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.04. Goldman Sachs Group Inc has a twelve month low of $208.40 and a twelve month high of $275.31. The stock has a market capitalization of $84.88 billion, a P/E ratio of 11.70, a price-to-earnings-growth ratio of 0.75 and a beta of 1.15.

Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Tuesday, October 16th. The investment management company reported $6.28 earnings per share for the quarter, beating the Thomson Reuters’ 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 analyst estimates of $8.43 billion. During the same quarter in the previous year, the business earned $5.02 EPS. Goldman Sachs Group’s revenue for the quarter was up 3.8% compared to the same quarter last year. Analysts forecast that Goldman Sachs Group Inc will post 25.32 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, November 30th will be paid a $0.80 dividend. The ex-dividend date is Thursday, November 29th. This represents a $3.20 annualized dividend and a dividend yield of 1.38%. Goldman Sachs Group’s dividend payout ratio is presently 16.19%.

GS has been the subject of several analyst reports. JPMorgan Chase & Co. reissued a “buy” rating and issued a $280.00 price objective on shares of Goldman Sachs Group in a report on Tuesday, July 17th. Wells Fargo & Co reissued a “buy” rating on shares of Goldman Sachs Group in a report on Thursday, September 20th. Zacks Investment Research raised Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $259.00 price objective for the company in a report on Friday, July 20th. Societe Generale raised Goldman Sachs Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 18th. Finally, Keefe, Bruyette & Woods decreased their price objective on Goldman Sachs Group from $260.00 to $255.00 and set a “hold” rating for the company in a report on Wednesday, July 18th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $281.84.

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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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