L.M. Kohn & Company Has $1.31 Million Position in The Goldman Sachs Group, Inc. $GS

L.M. Kohn & Company reduced its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 19.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,849 shares of the investment management company’s stock after selling 453 shares during the quarter. L.M. Kohn & Company’s holdings in The Goldman Sachs Group were worth $1,309,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Canada Pension Plan Investment Board grew its position in shares of 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 worth $286,418,000 after buying an additional 116,535 shares during the period. Clear Creek Financial Management LLC acquired a new position in shares of The Goldman Sachs Group during the 1st quarter worth about $321,000. Blueshift Asset Management LLC grew its position 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 worth $576,000 after buying an additional 652 shares during the period. Jump Financial LLC acquired a new position in shares of The Goldman Sachs Group during the 1st quarter worth about $9,596,000. Finally, Strategic Blueprint LLC grew its position in shares of The Goldman Sachs Group by 15.2% during the 1st quarter. Strategic Blueprint LLC now owns 3,271 shares of the investment management company’s stock worth $1,787,000 after buying an additional 432 shares during the period. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GS has been the subject of several research analyst reports. Zacks Research lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 16th. Wells Fargo & Company boosted their price objective on The Goldman Sachs Group from $785.00 to $855.00 and gave the company an “overweight” rating in a research report on Tuesday, September 16th. Citigroup boosted their price objective on The Goldman Sachs Group from $700.00 to $765.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. Barclays boosted their price objective on The Goldman Sachs Group from $720.00 to $850.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Finally, BMO Capital Markets initiated coverage on The Goldman Sachs Group in a research report on Friday, October 3rd. They issued a “market perform” rating and a $785.00 price objective for the company. Three investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $779.50.

The Goldman Sachs Group Trading Up 0.3%

NYSE:GS opened at $792.69 on Wednesday. The Goldman Sachs Group, Inc. has a twelve month low of $439.38 and a twelve month high of $825.25. The company has a quick ratio of 0.67, a current ratio of 1.11 and a debt-to-equity ratio of 2.23. The business has a 50 day moving average price of $770.18 and a two-hundred day moving average price of $685.52. The company has a market cap of $239.96 billion, a P/E ratio of 16.10, a price-to-earnings-growth ratio of 1.45 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 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $11.33 billion during the quarter, compared to the consensus estimate of $13.68 billion. During the same quarter in the prior year, the firm posted $8.40 EPS. The business’s revenue was up 19.5% on a year-over-year basis. As a group, analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

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

Insiders Place Their Bets

In other The Goldman Sachs Group news, COO John E. Waldron sold 9,244 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $750.11, for a total transaction of $6,934,016.84. Following the completion of the transaction, the chief operating officer owned 115,268 shares of the company’s stock, valued at $86,463,679.48. This represents a 7.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.55% of the stock is currently owned by company insiders.

The Goldman Sachs Group Company 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.