JPMorgan Chase & Co. decreased its stake in shares of Goldman Sachs Group Inc. (NYSE:GS) by 6.0% during the third quarter, Holdings Channel reports. The institutional investor owned 5,054,631 shares of the investment management company’s stock after selling 323,213 shares during the period. JPMorgan Chase & Co.’s holdings in Goldman Sachs Group were worth $815,163,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Thomas J. Herzfeld Advisors Inc. bought a new stake in Goldman Sachs Group during the second quarter worth $102,000. Nelson Roberts Investment Advisors LLC boosted 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 in the last quarter. Alpha Windward LLC boosted 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 in the last quarter. Cedar Wealth Management LLC boosted 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 in the last quarter. Finally, Chicago Partners Investment Group LLC boosted 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 in the last quarter. Institutional investors and hedge funds own 69.61% of the company’s stock.

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

Goldman Sachs Group Inc. (NYSE:GS) opened at 211.75 on Wednesday. The company has a market capitalization of $88.68 billion, a P/E ratio of 16.99 and a beta of 1.55. The company has a 50-day moving average of $186.97 and a 200 day moving average of $166.34. Goldman Sachs Group Inc. has a 12-month low of $138.20 and a 12-month high of $213.41.

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

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 29th. Shareholders of record on Thursday, December 1st will be issued a $0.65 dividend. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $2.60 annualized dividend and a yield of 1.23%. Goldman Sachs Group’s dividend payout ratio (DPR) is presently 20.72%.

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A number of analysts have commented on the stock. JPMorgan Chase & Co. set a $176.00 price target on shares of Goldman Sachs Group and gave the company a “buy” rating in a research report on Thursday, September 22nd. Zacks Investment Research raised shares of Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $186.00 price target on the stock in a research report on Tuesday, September 20th. Nomura reaffirmed a “buy” rating and set a $197.00 price target on shares of Goldman Sachs Group in a research report on Thursday, September 29th. TheStreet raised shares of Goldman Sachs Group from a “hold” rating to a “buy” rating in a research report on Friday, August 5th. Finally, Oppenheimer Holdings Inc. set a $222.00 price target on shares of Goldman Sachs Group and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have given a buy rating to the company’s stock. Goldman Sachs Group has a consensus rating of “Hold” and an average target price of $185.69.

In other Goldman Sachs Group news, insider Sarah G. Smith sold 2,664 shares of Goldman Sachs Group stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $180.00, for a total value of $479,520.00. Following the completion of the transaction, the insider now directly owns 13,075 shares of the company’s stock, valued at $2,353,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Alan M. Cohen sold 5,000 shares of Goldman Sachs Group stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $181.19, for a total transaction of $905,950.00. Following the completion of the transaction, the executive vice president now directly owns 61,444 shares of the company’s stock, valued at $11,133,038.36. The disclosure for this sale can be found here. 2.61% of the stock is currently owned by company 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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