The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by KBC Group NV

KBC Group NV decreased its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 2.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 65,026 shares of the investment management company’s stock after selling 1,484 shares during the quarter. KBC Group NV’s holdings in The Goldman Sachs Group were worth $24,582,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. grew its position in shares of The Goldman Sachs Group by 0.8% in the third quarter. BlackRock Inc. now owns 23,225,471 shares of the investment management company’s stock valued at $8,779,925,000 after purchasing an additional 177,002 shares during the period. State Street Corp boosted its position in The Goldman Sachs Group by 1.2% during the second quarter. State Street Corp now owns 21,270,641 shares of the investment management company’s stock worth $8,072,846,000 after acquiring an additional 245,759 shares during the last quarter. Geode Capital Management LLC boosted its position in The Goldman Sachs Group by 3.5% during the second quarter. Geode Capital Management LLC now owns 5,483,521 shares of the investment management company’s stock worth $2,074,855,000 after acquiring an additional 185,867 shares during the last quarter. FMR LLC boosted its position in The Goldman Sachs Group by 20.2% during the second quarter. FMR LLC now owns 4,429,635 shares of the investment management company’s stock worth $1,681,179,000 after acquiring an additional 744,924 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in The Goldman Sachs Group by 1.2% during the third quarter. Alliancebernstein L.P. now owns 3,686,066 shares of the investment management company’s stock worth $1,393,444,000 after acquiring an additional 42,213 shares during the last quarter. Institutional investors and hedge funds own 70.96% of the company’s stock.

GS has been the topic of a number of recent research reports. Citigroup boosted their price target on shares of The Goldman Sachs Group from $410.00 to $440.00 and gave the stock a “buy” rating in a research report on Friday, October 1st. Piper Sandler boosted 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. Wells Fargo & Company boosted their target price on shares of The Goldman Sachs Group from $430.00 to $450.00 and gave the company an “overweight” rating in a report on Monday, October 25th. Bank of America lowered shares of The Goldman Sachs Group from a “buy” rating to a “neutral” rating and decreased their target price for the company from $490.00 to $475.00 in a report on Thursday, January 6th. Finally, Barclays boosted their target price on shares of The Goldman Sachs Group from $483.00 to $556.00 and gave the company an “overweight” rating in a report on Monday, January 3rd. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $439.24.

The Goldman Sachs Group stock opened at $380.94 on Friday. The Goldman Sachs Group, Inc. has a 12 month low of $270.62 and a 12 month high of $426.16. The company has a market cap of $127.53 billion, a PE ratio of 6.28, a P/E/G ratio of 0.76 and a beta of 1.49. 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 company has a fifty day moving average price of $392.28 and a two-hundred day moving average price of $393.15.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Thursday, October 14th. The investment management company reported $14.93 EPS for the quarter, topping the consensus estimate of $9.78 by $5.15. The firm had revenue of $13.61 billion for the quarter, compared to analysts’ expectations of $11.61 billion. The Goldman Sachs Group had a net margin of 34.46% and a return on equity of 24.52%. The Goldman Sachs Group’s revenue for the quarter was up 26.2% compared to the same quarter last year. During the same period in the previous year, the business earned $9.68 earnings per share. Equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 60.7 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 30th. Shareholders of record on Thursday, December 2nd were paid a dividend of $2.00 per share. The ex-dividend date was Wednesday, December 1st. This represents a $8.00 annualized dividend and a yield of 2.10%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 13.19%.

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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