DekaBank Deutsche Girozentrale Purchases 3,776 Shares of Goldman Sachs Group Inc (GS)

DekaBank Deutsche Girozentrale boosted its position in Goldman Sachs Group Inc (NYSE:GS) by 4.4% during the 3rd quarter, Holdings Channel reports. The fund owned 90,041 shares of the investment management company’s stock after buying an additional 3,776 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Goldman Sachs Group were worth $21,786,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of GS. Moneta Group Investment Advisors LLC boosted its holdings in Goldman Sachs Group by 7,719.0% in the second quarter. Moneta Group Investment Advisors LLC now owns 23,457 shares of the investment management company’s stock valued at $104,000 after acquiring an additional 23,157 shares during the last quarter. Zions Bancorporation bought a new position in Goldman Sachs Group in the second quarter valued at about $109,000. Palo Capital Inc. bought a new position in Goldman Sachs Group in the third quarter valued at about $109,000. First Mercantile Trust Co. bought a new position in Goldman Sachs Group in the second quarter valued at about $110,000. Finally, Asset Advisors Investment Management LLC bought a new position in Goldman Sachs Group in the third quarter valued at about $115,000. Institutional investors and hedge funds own 71.18% of the company’s stock.

NYSE:GS opened at $189.10 on Friday. Goldman Sachs Group Inc has a 1-year low of $188.94 and a 1-year high of $275.31. 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 stock has a market capitalization of $71.64 billion, a price-to-earnings ratio of 9.57, a P/E/G ratio of 0.63 and a beta of 1.15.

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, beating 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 for the quarter, compared to analyst estimates of $8.43 billion. During the same quarter in the prior year, the firm posted $5.02 earnings per share. The company’s quarterly revenue was up 3.8% on a year-over-year basis. Research analysts anticipate that Goldman Sachs Group Inc will post 25.32 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, November 30th will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Thursday, November 29th. Goldman Sachs Group’s payout ratio is 16.19%.

Several equities analysts recently issued reports on GS shares. Zacks Investment Research upgraded Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $249.00 price target on the stock in a report on Tuesday, November 13th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $285.00 price target on shares of Goldman Sachs Group in a report on Monday, September 10th. Wells Fargo & Co reiterated a “buy” rating on shares of Goldman Sachs Group in a report on Thursday, September 20th. Morgan Stanley cut Goldman Sachs Group from an “overweight” rating to an “equal weight” rating and set a $226.00 price target on the stock. in a report on Wednesday. Finally, BMO Capital Markets raised their price target 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. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $276.46.

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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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