Murphy Capital Management Inc. trimmed its holdings in shares of Goldman Sachs Group Inc (NYSE:GS) by 2.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,435 shares of the investment management company’s stock after selling 150 shares during the period. Murphy Capital Management Inc.’s holdings in Goldman Sachs Group were worth $1,126,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Goldman Sachs Group by 1.3% during the second quarter. Vanguard Group Inc. now owns 25,542,067 shares of the investment management company’s stock worth $5,225,908,000 after purchasing an additional 334,260 shares during the period. Invesco Ltd. raised its holdings in shares of Goldman Sachs Group by 42.4% during the second quarter. Invesco Ltd. now owns 4,910,981 shares of the investment management company’s stock worth $1,004,786,000 after purchasing an additional 1,463,251 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Goldman Sachs Group by 6.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,362,498 shares of the investment management company’s stock worth $892,567,000 after acquiring an additional 258,059 shares during the period. Greenhaven Associates Inc. increased its holdings in shares of Goldman Sachs Group by 1.0% in the 2nd quarter. Greenhaven Associates Inc. now owns 3,378,421 shares of the investment management company’s stock worth $691,225,000 after acquiring an additional 34,494 shares during the period. Finally, FMR LLC increased its holdings in shares of Goldman Sachs Group by 3.3% in the 1st quarter. FMR LLC now owns 2,202,807 shares of the investment management company’s stock worth $422,917,000 after acquiring an additional 71,365 shares during the period. 68.66% of the stock is currently owned by institutional investors.
GS has been the topic of a number of analyst reports. Keefe, Bruyette & Woods raised shares of Goldman Sachs Group from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $225.00 to $260.00 in a report on Friday, July 26th. Odeon Capital Group cut shares of Goldman Sachs Group from a “buy” rating to a “hold” rating in a report on Thursday, September 5th. Royal Bank of Canada set a $220.00 price objective on shares of Goldman Sachs Group and gave the stock a “neutral” rating in a report on Monday, October 7th. Deutsche Bank reaffirmed a “buy” rating on shares of Goldman Sachs Group in a report on Friday, June 28th. Finally, TheStreet raised shares of Goldman Sachs Group from a “c+” rating to a “b” rating in a report on Tuesday, August 6th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $240.92.
Goldman Sachs Group (NYSE:GS) last announced its earnings results on Tuesday, July 16th. The investment management company reported $5.81 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $4.73 by $1.08. The firm had revenue of $9.46 billion during the quarter, compared to analyst estimates of $8.88 billion. Goldman Sachs Group had a net margin of 22.09% and a return on equity of 12.43%. Goldman Sachs Group’s revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.98 EPS. Equities analysts forecast that Goldman Sachs Group Inc will post 22.07 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, August 30th were given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend was Thursday, August 29th. This is a positive change from Goldman Sachs Group’s previous quarterly dividend of $0.85. Goldman Sachs Group’s dividend payout ratio is currently 19.79%.
In related news, EVP Dane E. Holmes sold 3,165 shares of the stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $212.15, for a total value of $671,454.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.41% of the company’s stock.
About Goldman Sachs Group
The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates in four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.
Receive News & Ratings for Goldman Sachs Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goldman Sachs Group and related companies with MarketBeat.com's FREE daily email newsletter.