UBS Asset Management Americas Inc. raised its position in Goldman Sachs Group Inc. (NYSE:GS) by 0.6% during the third quarter, Holdings Channel reports. The fund owned 1,235,301 shares of the investment management company’s stock after buying an additional 6,920 shares during the period. UBS Asset Management Americas Inc.’s holdings in Goldman Sachs Group were worth $199,216,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Thomas J. Herzfeld Advisors Inc. purchased a new position in Goldman Sachs Group during the second quarter valued at $102,000. Nelson Roberts Investment Advisors LLC increased its stake in shares of Goldman Sachs Group by 26.8% in the second quarter. Nelson Roberts Investment Advisors LLC now owns 710 shares of the investment management company’s stock valued at $105,000 after buying an additional 150 shares during the last quarter. Alpha Windward LLC increased its stake in shares of Goldman Sachs Group by 2.2% in the third quarter. Alpha Windward LLC now owns 838 shares of the investment management company’s stock valued at $135,000 after buying an additional 18 shares during the last quarter. Cedar Wealth Management LLC increased its stake in shares of Goldman Sachs Group by 42.9% in the second quarter. Cedar Wealth Management LLC now owns 946 shares of the investment management company’s stock valued at $141,000 after buying an additional 284 shares during the last quarter. Finally, Chicago Partners Investment Group LLC increased its stake in shares of Goldman Sachs Group by 0.5% in the second quarter. Chicago Partners Investment Group LLC now owns 1,042 shares of the investment management company’s stock valued at $155,000 after buying an additional 5 shares during the last quarter. 69.61% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Goldman Sachs Group Inc. (NYSE:GS) opened at 209.70 on Tuesday. Goldman Sachs Group Inc. has a 1-year low of $138.20 and a 1-year high of $213.41. The company has a market cap of $87.82 billion, a P/E ratio of 16.83 and a beta of 1.55. The stock has a 50 day moving average price of $186.97 and a 200-day moving average price of $166.34.

Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Tuesday, October 18th. The investment management company reported $4.88 EPS for the quarter, beating the consensus estimate of $3.79 by $1.09. The firm earned $8.17 billion during the quarter, compared to analysts’ expectations of $7.41 billion. Goldman Sachs Group had a return on equity of 9.73% and a net margin of 19.58%. The company’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.51 EPS. Analysts predict that Goldman Sachs Group Inc. will post $15.53 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 29th. Stockholders of record on Thursday, December 1st will be issued a $0.65 dividend. The ex-dividend date is Tuesday, November 29th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.24%. Goldman Sachs Group’s payout ratio is presently 20.72%.

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Several brokerages recently commented on GS. Vetr upgraded Goldman Sachs Group from a “sell” rating to a “strong-buy” rating and set a $179.28 target price on the stock in a report on Thursday, September 29th. BMO Capital Markets reiterated a “market perform” rating and set a $214.00 target price (up from $200.00) on shares of Goldman Sachs Group in a report on Friday, October 21st. Zacks Investment Research upgraded Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $186.00 target price on the stock in a report on Tuesday, September 20th. TheStreet upgraded Goldman Sachs Group from a “hold” rating to a “buy” rating in a report on Friday, August 5th. Finally, Royal Bank Of Canada raised their target price on Goldman Sachs Group from $160.00 to $170.00 and gave the company a “sector perform” rating in a report on Wednesday, October 19th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $182.28.

In related news, insider Sarah G. Smith sold 2,664 shares of the stock in a transaction that occurred on Wednesday, August 31st. The stock was sold at an average price of $170.00, for a total transaction of $452,880.00. Following the sale, the insider now directly owns 13,075 shares in the company, valued at approximately $2,222,750. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Sarah G. Smith sold 392 shares of the stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $206.36, for a total value of $80,893.12. Following the sale, the insider now owns 22,103 shares in the company, valued at $4,561,175.08. The disclosure for this sale can be found here. 2.61% of the stock is owned by insiders.

About Goldman Sachs Group

The Goldman Sachs Group, Inc is a bank holding company and a financial holding company. The Company operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Company’s Investment Banking segment provides financial advisory services, which include advisory assignments with respect to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs and risk management.

5 Day Chart for NYSE:GS

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