Public Employees Retirement Association of Colorado Has $15.10 Million Stake in Goldman Sachs Group, Inc. (The) (GS)

Public Employees Retirement Association of Colorado decreased its stake in Goldman Sachs Group, Inc. (The) (NYSE:GS) by 6.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,664 shares of the investment management company’s stock after selling 4,530 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Goldman Sachs Group, Inc. (The) were worth $15,100,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of GS. BlackRock Inc. boosted its position in shares of Goldman Sachs Group, Inc. (The) by 3,301.2% in the first quarter. BlackRock Inc. now owns 24,569,536 shares of the investment management company’s stock worth $5,644,114,000 after buying an additional 23,847,154 shares during the period. Janus Henderson Group PLC boosted its position in shares of Goldman Sachs Group, Inc. (The) by 4,096.0% in the second quarter. Janus Henderson Group PLC now owns 2,475,978 shares of the investment management company’s stock worth $549,415,000 after buying an additional 2,416,970 shares during the period. New England Asset Management Inc. boosted its position in shares of Goldman Sachs Group, Inc. (The) by 440.8% in the first quarter. New England Asset Management Inc. now owns 2,331,063 shares of the investment management company’s stock worth $535,492,000 after buying an additional 1,900,000 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Goldman Sachs Group, Inc. (The) by 47.1% in the second quarter. The Manufacturers Life Insurance Company now owns 3,602,847 shares of the investment management company’s stock worth $799,472,000 after buying an additional 1,152,869 shares during the period. Finally, Harbour Capital Advisors LLC boosted its position in shares of Goldman Sachs Group, Inc. (The) by 22,290.9% in the second quarter. Harbour Capital Advisors LLC now owns 1,113,050 shares of the investment management company’s stock worth $5,016,000 after buying an additional 1,108,079 shares during the period. 74.01% of the stock is owned by institutional investors.

Shares of Goldman Sachs Group, Inc. (NYSE GS) opened at $238.02 on Monday. Goldman Sachs Group, Inc. has a 1 year low of $209.18 and a 1 year high of $255.15. The company has a debt-to-equity ratio of 2.82, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market capitalization of $89,781.51, a P/E ratio of 12.40, a P/E/G ratio of 1.21 and a beta of 1.48.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last posted its earnings results on Tuesday, October 17th. The investment management company reported $5.02 EPS for the quarter, beating the consensus estimate of $4.17 by $0.85. Goldman Sachs Group, Inc. (The) had a return on equity of 11.34% and a net margin of 26.42%. The firm had revenue of $8.33 billion for the quarter, compared to analysts’ expectations of $7.59 billion. During the same period last year, the firm earned $4.88 EPS. The firm’s revenue was up 2.0% compared to the same quarter last year. equities analysts anticipate that Goldman Sachs Group, Inc. will post 19.03 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, November 30th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend is Wednesday, November 29th. Goldman Sachs Group, Inc. (The)’s dividend payout ratio is currently 15.63%.

In related news, Vice Chairman Richard J. Gnodde sold 4,951 shares of the firm’s stock in a transaction that occurred on Wednesday, October 18th. The stock was sold at an average price of $239.95, for a total value of $1,187,992.45. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider David M. Solomon sold 2,400 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $238.49, for a total value of $572,376.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 39,744 shares of company stock worth $9,697,984. 2.57% of the stock is owned by insiders.

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A number of brokerages recently commented on GS. Credit Suisse Group downgraded Goldman Sachs Group, Inc. (The) from an “outperform” rating to a “neutral” rating and increased their price target for the company from $240.00 to $255.00 in a report on Monday, October 9th. They noted that the move was a valuation call. Royal Bank Of Canada reissued a “hold” rating and issued a $240.00 price target on shares of Goldman Sachs Group, Inc. (The) in a report on Thursday, August 31st. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $240.00 price target on shares of Goldman Sachs Group, Inc. (The) in a report on Thursday, October 19th. BMO Capital Markets increased their price target on Goldman Sachs Group, Inc. (The) from $202.00 to $217.00 and gave the company a “market perform” rating in a report on Wednesday, October 18th. Finally, Zacks Investment Research downgraded Goldman Sachs Group, Inc. (The) from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. Three research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Goldman Sachs Group, Inc. (The) has a consensus rating of “Hold” and a consensus price target of $245.06.

Goldman Sachs Group, Inc. (The) Company Profile

The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.

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

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