Johnson Financial Group LLC Sells 126 Shares of The Goldman Sachs Group, Inc. $GS

Johnson Financial Group LLC reduced its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 25.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 360 shares of the investment management company’s stock after selling 126 shares during the quarter. Johnson Financial Group LLC’s holdings in The Goldman Sachs Group were worth $255,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Clal Insurance Enterprises Holdings Ltd bought a new stake in The Goldman Sachs Group during the first quarter valued at $25,000. Dogwood Wealth Management LLC boosted its position in shares of The Goldman Sachs Group by 1,800.0% during the 2nd quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company’s stock valued at $26,000 after purchasing an additional 36 shares in the last quarter. Clearstead Trust LLC acquired a new stake in The Goldman Sachs Group during the second quarter worth approximately $31,000. Ridgewood Investments LLC increased its holdings in The Goldman Sachs Group by 45.9% in the second quarter. Ridgewood Investments LLC now owns 54 shares of the investment management company’s stock worth $38,000 after purchasing an additional 17 shares in the last quarter. Finally, MeadowBrook Investment Advisors LLC acquired a new position in The Goldman Sachs Group in the second quarter valued at approximately $39,000. 71.21% of the stock is currently owned by institutional investors.

The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock opened at $790.56 on Monday. The company has a market cap 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 quick ratio of 0.67, a current ratio of 1.11 and a debt-to-equity ratio of 2.23. The Goldman Sachs Group, Inc. has a 52 week low of $439.38 and a 52 week high of $841.28. The business has a 50 day moving average price of $785.07 and a 200-day moving average price of $711.73.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Tuesday, October 14th. The investment management company reported $12.25 earnings per share 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 business had revenue of $15.18 billion for the quarter, compared to analysts’ expectations of $13.68 billion. During the same period last year, the business earned $8.40 EPS. The business’s revenue was up 19.5% on a year-over-year basis. Equities analysts anticipate 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 firm 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 $4.00 dividend. This represents a $16.00 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Tuesday, December 2nd. The Goldman Sachs Group’s dividend payout ratio is 32.50%.

Analyst Ratings Changes

Several analysts have recently commented on GS shares. Deutsche Bank Aktiengesellschaft raised their price objective on shares of The Goldman Sachs Group from $725.00 to $790.00 and gave the stock a “hold” rating in a research report on Tuesday, September 30th. HSBC raised their price target on shares of The Goldman Sachs Group from $652.00 to $677.00 in a report on Thursday, October 2nd. Zacks Research lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 16th. BNP Paribas Exane increased 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 research report on Friday, October 17th. Finally, Royal Bank Of Canada restated a “neutral” rating and issued a $843.00 target price on shares of The Goldman Sachs Group in a research note on Tuesday, October 14th. Four equities research 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. Based on data from MarketBeat, The Goldman Sachs Group has a consensus rating of “Hold” and a consensus target price of $786.00.

Insider Activity

In related news, COO John E. Waldron sold 9,000 shares of the business’s stock in a transaction dated 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 directly 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.55% of the stock is currently owned by corporate 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.