Markel Corp maintained its position in Goldman Sachs Group Inc. (NYSE:GS) during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 17,100 shares of the investment management company’s stock at the end of the third quarter. Markel Corp’s holdings in Goldman Sachs Group were worth $2,758,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in GS. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Goldman Sachs Group by 16.3% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 12,845 shares of the investment management company’s stock worth $2,021,000 after buying an additional 1,801 shares in the last quarter. Boothbay Fund Management LLC acquired a new stake in shares of Goldman Sachs Group during the first quarter worth $755,000. Cacti Asset Management LLC increased its stake in shares of Goldman Sachs Group by 1.0% in the second quarter. Cacti Asset Management LLC now owns 177,281 shares of the investment management company’s stock worth $26,340,000 after buying an additional 1,723 shares during the last quarter. Baxter Bros Inc. acquired a new stake in shares of Goldman Sachs Group during the second quarter worth $2,327,000. Finally, Washington Trust Bank increased its stake in shares of Goldman Sachs Group by 9.0% in the second quarter. Washington Trust Bank now owns 14,718 shares of the investment management company’s stock worth $2,187,000 after buying an additional 1,210 shares during 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)

Shares of Goldman Sachs Group Inc. (NYSE:GS) traded up 0.98% during mid-day trading on Tuesday, reaching $211.75. The company had a trading volume of 2,577,591 shares. The company has a market cap of $88.68 billion, a price-to-earnings ratio of 16.99 and a beta of 1.55. The firm’s 50-day moving average price is $186.97 and its 200 day moving average price is $166.34. Goldman Sachs Group Inc. has a 52-week low of $138.20 and a 52-week high of $213.41.

Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Tuesday, October 18th. The investment management company reported $4.88 earnings per share for the quarter, beating the consensus estimate of $3.79 by $1.09. The company 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 business’s quarterly revenue was up 19.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.51 earnings per share. Equities analysts expect that Goldman Sachs Group Inc. will post $15.53 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 29th. Investors of record on Thursday, December 1st will be paid a dividend of $0.65 per share. The ex-dividend date is Tuesday, November 29th. This represents a $2.60 annualized dividend and a yield of 1.23%. Goldman Sachs Group’s dividend payout ratio is currently 20.72%.

COPYRIGHT VIOLATION NOTICE: “Markel Corp Has $2,758,000 Stake in Goldman Sachs Group Inc. (GS)” was first reported by Financial Market News and is the propert of of Financial Market News. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of US and international copyright and trademark law. The legal version of this news story can be read at http://www.financial-market-news.com/markel-corp-has-2758000-stake-in-goldman-sachs-group-inc-gs/1209241/.

A number of brokerages have weighed in on GS. Vetr raised shares of Goldman Sachs Group from a “sell” rating to a “strong-buy” rating and set a $179.28 price target for the company in a report on Thursday, September 29th. Rafferty Capital Markets upped their price target on shares of Goldman Sachs Group from $191.00 to $227.00 and gave the company a “buy” rating in a report on Thursday, November 10th. Zacks Investment Research raised shares of Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $186.00 price target for the company in a report on Tuesday, September 20th. Finally, RBC Capital Markets set a $170.00 price target on shares of Goldman Sachs Group and gave the company a “hold” rating in a report on Wednesday, October 19th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have given a buy rating to the company’s stock. Goldman Sachs Group presently has an average rating of “Hold” and an average target price of $184.93.

In other Goldman Sachs Group news, insider Sarah G. Smith sold 218 shares of the stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $211.47, for a total value of $46,100.46. Following the transaction, the insider now owns 22,103 shares in the company, valued at $4,674,121.41. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 value of $452,880.00. Following the completion of the transaction, the insider now owns 13,075 shares in the company, valued at approximately $2,222,750. The disclosure for this sale can be found here. Corporate insiders own 2.61% of the company’s stock.

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

Want to see what other hedge funds are holding GS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Goldman Sachs Group Inc. (NYSE:GS).

Receive News & Ratings for Goldman Sachs Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goldman Sachs Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.