The Goldman Sachs Group, Inc. $GS Holdings Lowered by Intech Investment Management LLC

Intech Investment Management LLC lowered its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 10.9% during the second quarter, HoldingsChannel reports. The firm owned 78,036 shares of the investment management company’s stock after selling 9,588 shares during the period. The Goldman Sachs Group accounts for approximately 0.5% of Intech Investment Management LLC’s holdings, making the stock its 28th biggest position. Intech Investment Management LLC’s holdings in The Goldman Sachs Group were worth $55,230,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of GS. Canada Pension Plan Investment Board increased its holdings in shares of The Goldman Sachs Group by 28.6% in 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. Bank of New York Mellon Corp grew its position in The Goldman Sachs Group by 4.9% during the second quarter. Bank of New York Mellon Corp now owns 3,379,900 shares of the investment management company’s stock valued at $2,392,124,000 after purchasing an additional 157,473 shares in the last quarter. Blueshift Asset Management LLC increased its stake in The Goldman Sachs Group by 161.8% in the 1st quarter. Blueshift Asset Management LLC now owns 1,055 shares of the investment management company’s stock valued at $576,000 after buying an additional 652 shares during the period. Jump Financial LLC acquired a new position in The Goldman Sachs Group in the 1st quarter worth about $9,596,000. Finally, Wells Trecaso Financial Group LLC increased its position in The Goldman Sachs Group by 0.5% in the 2nd quarter. Wells Trecaso Financial Group LLC now owns 21,534 shares of the investment management company’s stock worth $15,240,000 after purchasing an additional 108 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Buying and Selling at The Goldman Sachs Group

In related news, COO John E. Waldron sold 9,000 shares of the business’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $750.51, for a total transaction 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 legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Stock Performance

Shares of GS opened at $790.56 on Friday. The company has a market capitalization of $237.11 billion, a PE ratio of 16.06, a price-to-earnings-growth ratio of 1.43 and a beta of 1.41. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.11 and a quick ratio of 0.67. The Goldman Sachs Group, Inc. has a one year low of $439.38 and a one year high of $841.28. The company’s fifty day moving average price is $785.07 and its 200 day moving average price is $709.46.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $13.68 billion. During the same period last year, the business posted $8.40 earnings per share. The firm’s revenue was up 19.5% compared to the same quarter last year. As a group, analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages recently commented on GS. Weiss Ratings reissued a “hold (c+)” rating on shares of The Goldman Sachs Group in a research note on Wednesday, October 8th. BMO Capital Markets began coverage on shares of The Goldman Sachs Group in a research report on Friday, October 3rd. They issued a “market perform” rating and a $785.00 target price for the company. Barclays increased their price target on shares of The Goldman Sachs Group from $720.00 to $850.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. BNP Paribas Exane upped their price objective on shares of The Goldman Sachs Group from $685.00 to $775.00 and gave the stock a “neutral” rating in a report on Friday, October 17th. Finally, Wells Fargo & Company raised their target price on The Goldman Sachs Group from $785.00 to $855.00 and gave the company an “overweight” rating in a report on Tuesday, September 16th. Four investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $786.00.

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.