Capital Management Corp VA Decreases Stock Holdings in The Goldman Sachs Group, Inc. $GS

Capital Management Corp VA reduced its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 2.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,020 shares of the investment management company’s stock after selling 676 shares during the period. The Goldman Sachs Group accounts for approximately 2.9% of Capital Management Corp VA’s portfolio, making the stock its 12th largest position. Capital Management Corp VA’s holdings in The Goldman Sachs Group were worth $17,000,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Canada Pension Plan Investment Board increased its position in The Goldman Sachs Group by 28.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 524,296 shares of the investment management company’s stock valued at $286,418,000 after purchasing an additional 116,535 shares during the period. Clear Creek Financial Management LLC purchased a new stake in shares of The Goldman Sachs Group in the 1st quarter worth about $321,000. Blueshift Asset Management LLC boosted its stake in shares of The Goldman Sachs Group by 161.8% during the 1st quarter. Blueshift Asset Management LLC now owns 1,055 shares of the investment management company’s stock valued at $576,000 after purchasing an additional 652 shares in the last quarter. Adams Diversified Equity Fund Inc. increased its position in shares of The Goldman Sachs Group by 41.5% during the first quarter. Adams Diversified Equity Fund Inc. now owns 49,800 shares of the investment management company’s stock valued at $27,205,000 after buying an additional 14,600 shares during the period. Finally, Terra Nova Asset Management LLC bought a new position in The Goldman Sachs Group in the first quarter worth about $1,643,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Insider Activity at The Goldman Sachs Group

In related news, CEO David M. Solomon sold 6,608 shares of The Goldman Sachs Group stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $712.31, for a total value of $4,706,944.48. Following the completion of the sale, the chief executive officer owned 126,176 shares of the company’s stock, valued at $89,876,426.56. The trade was a 4.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Denis P. Coleman sold 7,463 shares of the stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $724.40, for a total value of $5,406,197.20. Following the completion of the transaction, the chief financial officer directly owned 18,594 shares in the company, valued at approximately $13,469,493.60. This represents a 28.64% decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,323 shares of company stock valued at $28,111,828 over the last ninety days. Company insiders own 0.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. UBS Group upped their target price on The Goldman Sachs Group from $762.00 to $805.00 and gave the stock a “neutral” rating in a report on Tuesday, October 7th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of The Goldman Sachs Group in a research note on Wednesday, October 8th. Wall Street Zen raised The Goldman Sachs Group from a “sell” rating to a “hold” rating in a research report on Saturday, July 12th. Keefe, Bruyette & Woods boosted their target price on shares of The Goldman Sachs Group from $790.00 to $850.00 and gave the company a “market perform” rating in a report on Friday, October 10th. Finally, BMO Capital Markets began coverage on shares of The Goldman Sachs Group in a research note on Friday, October 3rd. They issued a “market perform” rating and a $785.00 price target for the company. Five analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, The Goldman Sachs Group currently has an average rating of “Hold” and an average target price of $746.69.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS opened at $771.44 on Wednesday. The business has a fifty day moving average price of $763.05 and a 200-day moving average price of $666.12. The company has a debt-to-equity ratio of 2.57, a current ratio of 0.67 and a quick ratio of 0.67. The company has a market capitalization of $233.53 billion, a PE ratio of 17.00, a PEG ratio of 1.48 and a beta of 1.42. The Goldman Sachs Group, Inc. has a 1-year low of $439.38 and a 1-year high of $825.25.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Tuesday, October 14th. The investment management company reported $12.25 earnings per share for the quarter, topping analysts’ consensus estimates of $10.27 by $1.98. The Goldman Sachs Group had a net margin of 12.37% and a return on equity of 14.32%. The company had revenue of $11.33 billion during the quarter, compared to analyst estimates of $13.68 billion. During the same period in the previous year, the business earned $8.40 EPS. The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. As a group, equities analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd will be paid a $4.00 dividend. The ex-dividend date is Tuesday, December 2nd. This represents a $16.00 dividend on an annualized basis and a dividend yield of 2.1%. The Goldman Sachs Group’s payout ratio is currently 35.26%.

The Goldman Sachs Group Profile

The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.