Teachers Retirement System of The State of Kentucky lessened its holdings in Goldman Sachs Group Inc (NYSE:GS) by 55.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 82,064 shares of the investment management company’s stock after selling 101,300 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Goldman Sachs Group were worth $19,465,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Northwest Quadrant Wealth Management LLC purchased a new position in shares of Goldman Sachs Group during the second quarter valued at approximately $407,000. Sumitomo Mitsui Financial Group Inc. purchased a new position in shares of Goldman Sachs Group during the second quarter valued at approximately $101,000. WealthTrust Arizona LLC lifted its stake in shares of Goldman Sachs Group by 97.1% during the second quarter. WealthTrust Arizona LLC now owns 469 shares of the investment management company’s stock valued at $104,000 after buying an additional 231 shares during the period. Sterling Investment Advisors Ltd. lifted its stake in shares of Goldman Sachs Group by 35.7% during the second quarter. Sterling Investment Advisors Ltd. now owns 475 shares of the investment management company’s stock valued at $105,000 after buying an additional 125 shares during the period. Finally, Shine Investment Advisory Services Inc. purchased a new position in shares of Goldman Sachs Group during the second quarter valued at approximately $111,000. 73.35% of the stock is currently owned by institutional investors.

GS has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $271.00 price target on the stock in a research note on Friday, October 20th. Wells Fargo & Company initiated coverage on shares of Goldman Sachs Group in a research note on Wednesday, August 9th. They set an “outperform” rating and a $265.00 price target on the stock. Buckingham Research reaffirmed a “neutral” rating and set a $250.00 price target (up previously from $243.00) on shares of Goldman Sachs Group in a research note on Wednesday, October 18th. TheStreet raised shares of Goldman Sachs Group from a “c+” rating to a “b” rating in a research note on Friday, October 13th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $240.00 price target on shares of Goldman Sachs Group in a research note on Wednesday, November 15th. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Goldman Sachs Group presently has an average rating of “Hold” and an average price target of $244.65.

In related news, insider Harvey M. Schwartz sold 25,000 shares of the firm’s stock in a transaction 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David A. Viniar sold 7,393 shares of the firm’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $245.18, for a total transaction of $1,812,615.74. The disclosure for this sale can be found here. Insiders sold 135,177 shares of company stock valued at $32,435,160 in the last three months. Company insiders own 2.57% of the company’s stock.

Goldman Sachs Group Inc (NYSE GS) traded down $0.89 during trading on Wednesday, hitting $247.44. 821,557 shares of the stock traded hands, compared to its average volume of 3,291,067. Goldman Sachs Group Inc has a 52 week low of $209.62 and a 52 week high of $255.15. The firm has a market capitalization of $94,545.55, a price-to-earnings ratio of 13.06, a P/E/G ratio of 1.27 and a beta of 1.47. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 2.82.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Wednesday, November 29th. Goldman Sachs Group’s payout ratio is currently 15.63%.

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Goldman Sachs Group 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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