Tower Research Capital LLC TRC trimmed its stake in shares of Goldman Sachs Group Inc (NYSE:GS) by 23.8% during the 3rd quarter, Holdings Channel reports. The fund owned 4,878 shares of the investment management company’s stock after selling 1,523 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Goldman Sachs Group were worth $1,011,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Next Capital Management LLC acquired a new position in shares of Goldman Sachs Group during the second quarter valued at approximately $28,000. Advantage Investment Management LLC acquired a new position in shares of Goldman Sachs Group in the 3rd quarter worth approximately $29,000. Motco lifted its position in shares of Goldman Sachs Group by 146.7% during the 2nd quarter. Motco now owns 148 shares of the investment management company’s stock valued at $30,000 after acquiring an additional 88 shares during the period. B & T Capital Management DBA Alpha Capital Management bought a new stake in Goldman Sachs Group during the 3rd quarter valued at $32,000. Finally, Tortoise Investment Management LLC increased its stake in Goldman Sachs Group by 1,153.8% during the 2nd quarter. Tortoise Investment Management LLC now owns 163 shares of the investment management company’s stock valued at $33,000 after purchasing an additional 150 shares in the last quarter. 69.77% of the stock is currently owned by hedge funds and other institutional investors.
NYSE GS traded down $0.17 on Thursday, reaching $219.15. 1,028,336 shares of the company’s stock traded hands, compared to its average volume of 2,575,329. Goldman Sachs Group Inc has a 12 month low of $151.70 and a 12 month high of $224.77. The company has a debt-to-equity ratio of 2.68, a current ratio of 0.78 and a quick ratio of 0.78. The stock has a 50-day simple moving average of $210.19 and a 200 day simple moving average of $205.01. The stock has a market cap of $77.56 billion, a PE ratio of 8.67, a P/E/G ratio of 0.84 and a beta of 1.35.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 2nd will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.28%. The ex-dividend date is Friday, November 29th. Goldman Sachs Group’s dividend payout ratio is 19.79%.
Several equities research analysts have commented on the stock. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $240.00 price objective on shares of Goldman Sachs Group in a report on Wednesday, July 17th. TheStreet upgraded shares of Goldman Sachs Group from a “c+” rating to a “b” rating in a research report on Tuesday, August 6th. Oppenheimer reduced their price target on shares of Goldman Sachs Group from $316.00 to $301.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 16th. Keefe, Bruyette & Woods upgraded shares of Goldman Sachs Group from a “market perform” rating to an “outperform” rating and increased their price target for the company from $225.00 to $260.00 in a research report on Friday, July 26th. Finally, Odeon Capital Group cut shares of Goldman Sachs Group from a “buy” rating to a “hold” rating in a research report on Thursday, September 5th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $244.92.
Goldman Sachs Group Company Profile
The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates in 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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