The Goldman Sachs Group, Inc. $GS Shares Sold by Optimum Investment Advisors

Optimum Investment Advisors reduced its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 2.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,510 shares of the investment management company’s stock after selling 50 shares during the quarter. The Goldman Sachs Group makes up 0.8% of Optimum Investment Advisors’ portfolio, making the stock its 24th biggest holding. Optimum Investment Advisors’ holdings in The Goldman Sachs Group were worth $1,776,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Clal Insurance Enterprises Holdings Ltd acquired a new position in The Goldman Sachs Group in the first quarter valued at $25,000. Dogwood Wealth Management LLC grew its position in The Goldman Sachs Group by 1,800.0% during the second quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company’s stock valued at $26,000 after acquiring an additional 36 shares during the period. American Capital Advisory LLC purchased a new stake in The Goldman Sachs Group during the first quarter valued at about $29,000. Cornerstone Planning Group LLC grew its position in The Goldman Sachs Group by 46.9% during the first quarter. Cornerstone Planning Group LLC now owns 72 shares of the investment management company’s stock valued at $38,000 after acquiring an additional 23 shares during the period. Finally, Ridgewood Investments LLC grew its position in The Goldman Sachs Group by 45.9% during the second quarter. Ridgewood Investments LLC now owns 54 shares of the investment management company’s stock valued at $38,000 after acquiring an additional 17 shares during the period. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, COO John E. Waldron sold 9,000 shares of the company’s stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $750.51, for a total transaction of $6,754,590.00. Following the sale, the chief operating officer owned 106,268 shares in the company, valued at $79,755,196.68. This represents a 7.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.55% of the stock is owned by insiders.

Wall Street Analyst Weigh In

GS has been the subject of a number of research reports. Keefe, Bruyette & Woods boosted their price target on The Goldman Sachs Group from $850.00 to $870.00 and gave the company a “market perform” rating in a research report on Friday, October 17th. Wall Street Zen raised The Goldman Sachs Group from a “sell” rating to a “hold” rating in a research report on Saturday, July 12th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $750.00 target price (up previously from $625.00) on shares of The Goldman Sachs Group in a research report on Tuesday, October 21st. HSBC upped their target price on The Goldman Sachs Group from $652.00 to $677.00 in a research report on Thursday, October 2nd. Finally, JMP Securities reaffirmed a “market perform” rating and issued a $600.00 target price on shares of The Goldman Sachs Group in a research report on Monday, July 14th. Three analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $779.50.

The Goldman Sachs Group Trading Up 4.4%

NYSE:GS opened at $784.09 on Friday. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.67 and a current ratio of 1.11. The Goldman Sachs Group, Inc. has a one year low of $439.38 and a one year high of $825.25. The business’s 50-day simple moving average is $767.57 and its 200 day simple moving average is $680.36. The stock has a market cap of $237.36 billion, a price-to-earnings ratio of 15.93, a price-to-earnings-growth ratio of 1.43 and a beta of 1.42.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Tuesday, October 14th. The investment management company reported $12.25 EPS for the quarter, topping the consensus estimate of $10.27 by $1.98. The Goldman Sachs Group had a return on equity of 14.79% and a net margin of 13.18%.The business had revenue of $11.33 billion for the quarter, compared to analysts’ expectations of $13.68 billion. During the same quarter in the previous year, the firm posted $8.40 earnings per share. The company’s revenue was up 19.5% compared to the same quarter last year. As a group, sell-side analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd will be paid a dividend of $4.00 per share. The ex-dividend date is Tuesday, December 2nd. This represents a $16.00 annualized dividend and a yield of 2.0%. The Goldman Sachs Group’s dividend payout ratio is presently 32.50%.

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.