Brown Brothers Harriman & Co. Has $1.45 Million Holdings in Goldman Sachs Group Inc (GS)

Brown Brothers Harriman & Co. increased its position in shares of Goldman Sachs Group Inc (NYSE:GS) by 124.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,442 shares of the investment management company’s stock after acquiring an additional 3,578 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Goldman Sachs Group were worth $1,445,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA increased its holdings in Goldman Sachs Group by 3.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 11,736,573 shares of the investment management company’s stock worth $2,631,807,000 after buying an additional 360,264 shares during the last quarter. Capital International Investors boosted its position in shares of Goldman Sachs Group by 2,110.7% in the third quarter. Capital International Investors now owns 4,882,975 shares of the investment management company’s stock valued at $1,094,958,000 after acquiring an additional 4,662,095 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Goldman Sachs Group by 7.2% in the third quarter. The Manufacturers Life Insurance Company now owns 3,645,733 shares of the investment management company’s stock valued at $817,519,000 after acquiring an additional 243,800 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Goldman Sachs Group by 1.6% in the third quarter. Bank of New York Mellon Corp now owns 3,316,799 shares of the investment management company’s stock valued at $743,759,000 after acquiring an additional 53,563 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Goldman Sachs Group by 4.6% in the third quarter. Dimensional Fund Advisors LP now owns 2,864,432 shares of the investment management company’s stock valued at $642,381,000 after acquiring an additional 125,910 shares during the period. 70.83% of the stock is currently owned by institutional investors and hedge funds.

In related news, VP Gregory K. Palm sold 16,451 shares of the stock in a transaction on Thursday, December 27th. The stock was sold at an average price of $158.41, for a total value of $2,606,002.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.71% of the company’s stock.

A number of research firms recently commented on GS. Zacks Investment Research downgraded Goldman Sachs Group from a “buy” rating to a “hold” rating in a research note on Wednesday, September 12th. Morgan Stanley lowered their target price on Goldman Sachs Group from $226.00 to $207.00 and set an “equal weight” rating for the company in a research note on Tuesday. Wolfe Research started coverage on Goldman Sachs Group in a research note on Tuesday, September 25th. They set an “outperform” rating for the company. Wells Fargo & Co reissued a “buy” rating on shares of Goldman Sachs Group in a research note on Thursday, September 20th. Finally, Barclays reaffirmed an “equal weight” rating and issued a $247.00 price objective (down previously from $289.00) on shares of Goldman Sachs Group in a research note on Wednesday, January 2nd. Three investment analysts have rated the stock with a sell rating, nine have assigned 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 $258.31.

Shares of GS traded down $0.47 during trading hours on Thursday, reaching $176.00. The stock had a trading volume of 2,805,603 shares, compared to its average volume of 3,402,832. Goldman Sachs Group Inc has a 12 month low of $151.70 and a 12 month high of $275.31. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.04. The stock has a market cap of $65.11 billion, a P/E ratio of 8.91, a P/E/G ratio of 0.58 and a beta of 1.13.

Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Tuesday, October 16th. The investment management company reported $6.28 EPS for the quarter, beating analysts’ consensus estimates of $5.38 by $0.90. The business had revenue of $8.65 billion during the quarter, compared to analyst estimates of $8.43 billion. Goldman Sachs Group had a return on equity of 14.10% and a net margin of 16.68%. Goldman Sachs Group’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.02 EPS. On average, analysts expect that Goldman Sachs Group Inc will post 25.08 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 28th. Investors of record on Friday, November 30th were given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend was Thursday, November 29th. Goldman Sachs Group’s payout ratio is currently 16.19%.

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Goldman Sachs Group Profile

The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through 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.

Further Reading: Return on Investment (ROI) Defined, Explained

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

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