The Goldman Sachs Group, Inc. $GS Shares Sold by Delta Financial Advisors LLC

Delta Financial Advisors LLC cut its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 2.4% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 6,747 shares of the investment management company’s stock after selling 163 shares during the quarter. The Goldman Sachs Group comprises 1.7% of Delta Financial Advisors LLC’s holdings, making the stock its 16th biggest position. Delta Financial Advisors LLC’s holdings in The Goldman Sachs Group were worth $4,776,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of GS. Kingstone Capital Partners Texas LLC increased its stake in The Goldman Sachs Group by 617,504.5% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 29,058,291 shares of the investment management company’s stock worth $20,566,005,000 after purchasing an additional 29,053,586 shares in the last quarter. Nuveen LLC purchased a new stake in The Goldman Sachs Group during the first quarter valued at about $897,185,000. Ninety One UK Ltd purchased a new stake in The Goldman Sachs Group during the second quarter valued at about $408,780,000. AGF Management Ltd. boosted its holdings in shares of The Goldman Sachs Group by 2,429.6% in the second quarter. AGF Management Ltd. now owns 485,375 shares of the investment management company’s stock worth $343,524,000 after buying an additional 466,187 shares during the period. Finally, Amundi increased its position in shares of The Goldman Sachs Group by 13.6% in the first quarter. Amundi now owns 1,891,260 shares of the investment management company’s stock worth $967,193,000 after acquiring an additional 225,993 shares in the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Price Performance

NYSE GS opened at $786.03 on Friday. 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 stock has a market capitalization of $235.75 billion, a PE ratio of 15.97, a price-to-earnings-growth ratio of 1.43 and a beta of 1.41. The Goldman Sachs Group, Inc. has a 12-month low of $439.38 and a 12-month high of $825.25. The company has a 50 day moving average price of $778.04 and a two-hundred day moving average price of $700.04.

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, beating analysts’ consensus estimates of $10.27 by $1.98. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 14.79%. The business had revenue of $15.18 billion for the quarter, compared to the consensus estimate of $13.68 billion. During the same quarter last year, the firm earned $8.40 EPS. The Goldman Sachs Group’s revenue for the quarter was up 19.5% on a year-over-year basis. As a group, equities 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd will be issued a dividend of $4.00 per share. This represents a $16.00 annualized dividend and a yield of 2.0%. The ex-dividend date is Tuesday, December 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is 32.50%.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, COO John E. Waldron sold 9,000 shares of the business’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $750.51, for a total value of $6,754,590.00. Following the completion of the sale, the chief operating officer owned 106,268 shares of the company’s stock, valued at $79,755,196.68. The trade was a 7.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.55% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on GS shares. JPMorgan Chase & Co. restated a “neutral” rating and issued a $750.00 price target (up previously from $625.00) on shares of The Goldman Sachs Group in a research report on Tuesday, October 21st. Keefe, Bruyette & Woods boosted their target price on shares of The Goldman Sachs Group from $850.00 to $870.00 and gave the company a “market perform” rating in a research note on Friday, October 17th. Citigroup raised their target price on The Goldman Sachs Group from $700.00 to $765.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. JMP Securities reiterated a “market perform” rating and set a $600.00 price target on shares of The Goldman Sachs Group in a report on Monday, July 14th. Finally, Morgan Stanley dropped their price target on The Goldman Sachs Group from $854.00 to $828.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 15th. Three equities research 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. According to MarketBeat, The Goldman Sachs Group has a consensus rating of “Hold” and a consensus target price of $779.50.

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.