ETRADE Capital Management LLC Has $644,000 Holdings in Goldman Sachs Group Inc (GS)

ETRADE Capital Management LLC boosted its stake in Goldman Sachs Group Inc (NYSE:GS) by 29.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,717 shares of the investment management company’s stock after buying an additional 625 shares during the period. ETRADE Capital Management LLC’s holdings in Goldman Sachs Group were worth $644,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. increased its holdings in shares of Goldman Sachs Group by 3,301.2% during the first quarter. BlackRock Inc. now owns 24,569,536 shares of the investment management company’s stock valued at $5,644,114,000 after purchasing an additional 23,847,154 shares during the period. Vanguard Group Inc. increased its holdings in shares of Goldman Sachs Group by 1.3% during the second quarter. Vanguard Group Inc. now owns 24,072,777 shares of the investment management company’s stock valued at $5,341,749,000 after purchasing an additional 304,400 shares during the period. State Street Corp increased its holdings in shares of Goldman Sachs Group by 2.7% during the first quarter. State Street Corp now owns 22,851,344 shares of the investment management company’s stock valued at $5,249,408,000 after purchasing an additional 603,165 shares during the period. Capital World Investors increased its holdings in shares of Goldman Sachs Group by 10.5% during the second quarter. Capital World Investors now owns 7,649,583 shares of the investment management company’s stock valued at $1,697,442,000 after purchasing an additional 726,582 shares during the period. Finally, Capital Research Global Investors increased its holdings in shares of Goldman Sachs Group by 4.0% during the second quarter. Capital Research Global Investors now owns 6,918,409 shares of the investment management company’s stock valued at $1,535,195,000 after purchasing an additional 265,784 shares during the period. 73.35% of the stock is currently owned by hedge funds and other institutional investors.

In other Goldman Sachs Group news, insider Harvey M. Schwartz sold 25,000 shares of the firm’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $245.00, for a total transaction of $6,125,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David M. Solomon sold 12,707 shares of the firm’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $237.94, for a total value of $3,023,503.58. The disclosure for this sale can be found here. Insiders sold a total of 135,177 shares of company stock valued at $32,435,160 in the last quarter. 2.57% of the stock is currently owned by corporate insiders.

A number of research analysts have recently commented on the company. Bank of America raised their price target on Goldman Sachs Group from $290.00 to $300.00 and gave the company a “buy” rating in a report on Thursday. Zacks Investment Research lowered Goldman Sachs Group from a “hold” rating to a “sell” rating in a report on Thursday, September 21st. Keefe, Bruyette & Woods reissued a “hold” rating and set a $240.00 price target on shares of Goldman Sachs Group in a report on Thursday, October 19th. TheStreet lowered Goldman Sachs Group from a “b” rating to a “c+” rating in a report on Thursday, September 7th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $202.00 target price on shares of Goldman Sachs Group in a report on Friday, October 6th. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $246.10.

Goldman Sachs Group Inc (NYSE GS) traded down $2.38 during trading hours on Thursday, hitting $245.95. The company had a trading volume of 2,331,400 shares, compared to its average volume of 3,286,980. The company has a debt-to-equity ratio of 2.82, a current ratio of 0.90 and a quick ratio of 0.90. Goldman Sachs Group Inc has a fifty-two week low of $209.62 and a fifty-two week high of $255.15. The firm has a market cap of $93,670.45, a price-to-earnings ratio of 12.93, a price-to-earnings-growth ratio of 1.26 and a beta of 1.47.

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

The business also recently declared 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. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.22%. Goldman Sachs Group’s dividend payout ratio (DPR) is 15.63%.

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Goldman Sachs Group 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.

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

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