Los Angeles Capital Management LLC Sells 44,267 Shares of The Goldman Sachs Group, Inc. $GS

Los Angeles Capital Management LLC lowered its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 96.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,645 shares of the investment management company’s stock after selling 44,267 shares during the period. Los Angeles Capital Management LLC’s holdings in The Goldman Sachs Group were worth $1,164,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. ZEGA Investments LLC acquired a new stake in shares of The Goldman Sachs Group in the 2nd quarter valued at $1,781,000. Prospera Financial Services Inc boosted its holdings in The Goldman Sachs Group by 7.9% in the second quarter. Prospera Financial Services Inc now owns 9,969 shares of the investment management company’s stock valued at $7,059,000 after acquiring an additional 728 shares during the last quarter. RWA Wealth Partners LLC increased its position in The Goldman Sachs Group by 7.0% in the second quarter. RWA Wealth Partners LLC now owns 11,309 shares of the investment management company’s stock worth $8,004,000 after purchasing an additional 744 shares during the period. AGF Management Ltd. raised its holdings in The Goldman Sachs Group by 2,429.6% during the 2nd quarter. AGF Management Ltd. now owns 485,375 shares of the investment management company’s stock worth $343,524,000 after purchasing an additional 466,187 shares during the last quarter. Finally, AE Wealth Management LLC raised its holdings in The Goldman Sachs Group by 7.8% during the 2nd quarter. AE Wealth Management LLC now owns 82,137 shares of the investment management company’s stock worth $58,133,000 after purchasing an additional 5,977 shares during the last quarter. Institutional investors own 71.21% of the company’s stock.

Insider Buying and Selling

In other The Goldman Sachs Group news, COO John E. Waldron sold 9,000 shares of The Goldman Sachs Group stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $750.51, for a total value of $6,754,590.00. Following the transaction, the chief operating officer owned 106,268 shares of the company’s stock, valued at approximately $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 SEC, which is available through the SEC website. Company insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Stock Performance

GS stock opened at $838.80 on Thursday. The Goldman Sachs Group, Inc. has a 1-year low of $439.38 and a 1-year high of $840.00. The company has a current ratio of 1.11, a quick ratio of 0.67 and a debt-to-equity ratio of 2.23. The firm has a market cap of $251.58 billion, a PE ratio of 17.04, a P/E/G ratio of 1.43 and a beta of 1.41. The business’s 50-day moving average price is $782.87 and its two-hundred day moving average price is $707.08.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share (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 company had revenue of $15.18 billion during the quarter, compared to the consensus estimate of $13.68 billion. During the same period in the prior year, the company earned $8.40 earnings per share. The company’s revenue for the quarter was up 19.5% compared to the same quarter last year. As a group, research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

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 1.9%. The ex-dividend date is Tuesday, December 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is 32.50%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on GS. Zacks Research lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 16th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $750.00 price objective (up from $625.00) on shares of The Goldman Sachs Group in a research note on Tuesday, October 21st. UBS Group lifted their target price on shares of The Goldman Sachs Group from $762.00 to $805.00 and gave the stock a “neutral” rating in a report on Tuesday, October 7th. Morgan Stanley cut 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 note on Wednesday, October 15th. Finally, Citigroup lifted their price objective on The Goldman Sachs Group from $700.00 to $765.00 and gave the stock a “neutral” rating in a research note on Thursday, October 16th. Three research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $779.50.

About The Goldman Sachs Group

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.