Becker Capital Management Inc. Sells 1,026 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Becker Capital Management Inc. lessened its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 0.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 117,831 shares of the investment management company’s stock after selling 1,026 shares during the quarter. The Goldman Sachs Group comprises about 1.9% of Becker Capital Management Inc.’s holdings, making the stock its 7th biggest holding. Becker Capital Management Inc.’s holdings in The Goldman Sachs Group were worth $44,544,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Alaethes Wealth LLC acquired a new stake in shares of The Goldman Sachs Group during the second quarter worth about $30,000. Larson Financial Group LLC raised its holdings in The Goldman Sachs Group by 66.7% in the second quarter. Larson Financial Group LLC now owns 100 shares of the investment management company’s stock valued at $38,000 after acquiring an additional 40 shares in the last quarter. Albion Financial Group UT acquired a new stake in The Goldman Sachs Group in the second quarter valued at approximately $38,000. tru Independence LLC acquired a new stake in The Goldman Sachs Group in the second quarter valued at approximately $39,000. Finally, Emerald Advisers LLC acquired a new stake in The Goldman Sachs Group in the second quarter valued at approximately $42,000. 70.64% of the stock is currently owned by institutional investors and hedge funds.

Shares of GS traded down $7.15 during mid-day trading on Thursday, reaching $399.19. 2,186,259 shares of the company’s stock were exchanged, compared to its average volume of 2,755,415. The company has a debt-to-equity ratio of 2.52, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market capitalization of $133.65 billion, a PE ratio of 6.58, a price-to-earnings-growth ratio of 0.57 and a beta of 1.53. The business’s fifty day simple moving average is $398.60 and its 200-day simple moving average is $388.15. The Goldman Sachs Group, Inc. has a 52-week low of $230.36 and a 52-week high of $426.16.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Thursday, October 14th. The investment management company reported $14.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.78 by $5.15. The Goldman Sachs Group had a net margin of 34.46% and a return on equity of 24.52%. The business had revenue of $13.61 billion for the quarter, compared to analyst estimates of $11.61 billion. During the same period last year, the firm posted $9.68 earnings per share. The company’s revenue for the quarter was up 26.2% compared to the same quarter last year. Equities research analysts predict that The Goldman Sachs Group, Inc. will post 60.13 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 30th. Investors of record on Thursday, December 2nd will be given a $2.00 dividend. The ex-dividend date of this dividend is Wednesday, December 1st. This represents a $8.00 dividend on an annualized basis and a yield of 2.00%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 13.19%.

GS has been the topic of several analyst reports. Piper Sandler raised their target price on shares of The Goldman Sachs Group from $435.00 to $465.00 and gave the company an “overweight” rating in a report on Monday, October 18th. Morgan Stanley raised their target price on shares of The Goldman Sachs Group from $332.00 to $384.00 and gave the company an “underweight” rating in a report on Thursday, July 29th. JPMorgan Chase & Co. set a $460.00 target price on shares of The Goldman Sachs Group in a report on Monday, October 18th. BMO Capital Markets raised their price objective on shares of The Goldman Sachs Group from $432.00 to $451.00 and gave the stock an “outperform” rating in a report on Monday, October 18th. Finally, Barclays raised their price objective on shares of The Goldman Sachs Group from $437.00 to $483.00 and gave the stock an “overweight” rating in a report on Monday, October 18th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $419.29.

About The Goldman Sachs Group

Goldman Sachs Group, Inc engages in global investment banking, securities, and investment management, which provides financial services. It operates through the following business segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The Investment Banking segment serves public and private sector clients around the world and provides financial advisory services, help companies raise capital to strengthen and grow their businesses and provide financing to corporate clients.

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

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