Mizuho Securities USA LLC Purchases Shares of 15,307 Goldman Sachs Group, Inc. (The) (GS)

Mizuho Securities USA LLC purchased a new position in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 15,307 shares of the investment management company’s stock, valued at approximately $3,631,000.

Several other large investors also recently bought and sold shares of GS. Sumitomo Mitsui Financial Group Inc. acquired a new stake in Goldman Sachs Group, Inc. (The) in the 2nd quarter valued at about $101,000. WealthTrust Arizona LLC grew its stake in Goldman Sachs Group, Inc. (The) by 97.1% in the 2nd quarter. WealthTrust Arizona LLC now owns 469 shares of the investment management company’s stock valued at $104,000 after acquiring an additional 231 shares during the last quarter. Sterling Investment Advisors Ltd. grew its stake in Goldman Sachs Group, Inc. (The) by 35.7% in the 2nd quarter. Sterling Investment Advisors Ltd. now owns 475 shares of the investment management company’s stock valued at $105,000 after acquiring an additional 125 shares during the last quarter. Shine Investment Advisory Services Inc. acquired a new stake in Goldman Sachs Group, Inc. (The) in the 2nd quarter valued at about $111,000. Finally, Gs Investments Inc. acquired a new stake in Goldman Sachs Group, Inc. (The) in the 2nd quarter valued at about $111,000. 74.41% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts recently commented on GS shares. Keefe, Bruyette & Woods cut shares of Goldman Sachs Group, Inc. (The) from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $260.00 to $240.00 in a research note on Wednesday, July 19th. Oppenheimer Holdings, Inc. increased their price objective on shares of Goldman Sachs Group, Inc. (The) from $251.00 to $256.00 and gave the company an “outperform” rating in a research note on Wednesday, July 19th. Berenberg Bank reissued a “sell” rating and issued a $190.00 price objective on shares of Goldman Sachs Group, Inc. (The) in a research note on Friday, July 21st. UBS AG cut shares of Goldman Sachs Group, Inc. (The) from a “buy” rating to a “neutral” rating and increased their price objective for the company from $220.19 to $230.00 in a research note on Monday, July 24th. Finally, BidaskClub cut shares of Goldman Sachs Group, Inc. (The) from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Goldman Sachs Group, Inc. (The) has an average rating of “Hold” and an average price target of $245.06.

In other news, insider Harvey M. Schwartz sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $245.00, for a total transaction of $6,125,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman Richard J. Gnodde sold 4,951 shares of the firm’s stock in a transaction that occurred on Wednesday, October 18th. The stock was sold at an average price of $239.95, for a total transaction of $1,187,992.45. The disclosure for this sale can be found here. Insiders have sold 37,344 shares of company stock worth $9,125,608 in the last quarter. Insiders own 2.57% of the company’s stock.

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Shares of Goldman Sachs Group, Inc. (NYSE GS) opened at $240.27 on Tuesday. The stock has a market cap of $90,584.94, a P/E ratio of 12.51, a PEG ratio of 1.22 and a beta of 1.48. Goldman Sachs Group, Inc. has a 12 month low of $204.15 and a 12 month high of $255.15. The company has a debt-to-equity ratio of 2.82, a quick ratio of 0.90 and a current ratio of 0.90.

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

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th will be paid a dividend of $0.75 per share. 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 1.25%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio is currently 15.63%.

Goldman Sachs Group, Inc. (The) 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.

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

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