Valley National Advisers Inc. Sells 22 Shares of The Goldman Sachs Group, Inc. $GS

Valley National Advisers Inc. decreased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 2.5% during the second quarter, HoldingsChannel reports. The firm owned 874 shares of the investment management company’s stock after selling 22 shares during the period. Valley National Advisers Inc.’s holdings in The Goldman Sachs Group were worth $618,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Kingstone Capital Partners Texas LLC boosted its holdings in The Goldman Sachs Group by 617,504.5% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 29,058,291 shares of the investment management company’s stock valued at $20,566,005,000 after acquiring an additional 29,053,586 shares during the period. Northern Trust Corp boosted its stake in shares of The Goldman Sachs Group by 1.2% during the first quarter. Northern Trust Corp now owns 3,332,804 shares of the investment management company’s stock valued at $1,820,677,000 after purchasing an additional 40,125 shares during the period. International Assets Investment Management LLC purchased a new position in shares of The Goldman Sachs Group in the first quarter worth $1,766,238,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in The Goldman Sachs Group by 6.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,084,108 shares of the investment management company’s stock valued at $1,138,527,000 after buying an additional 120,272 shares during the last quarter. Finally, Amundi boosted its position in The Goldman Sachs Group by 13.6% during the 1st quarter. Amundi now owns 1,891,260 shares of the investment management company’s stock valued at $967,193,000 after buying an additional 225,993 shares during the period. 71.21% of the stock is currently owned by institutional investors.

The Goldman Sachs Group Price Performance

Shares of GS opened at $790.32 on Monday. The company has a market capitalization of $239.25 billion, a P/E ratio of 17.42, a price-to-earnings-growth ratio of 1.64 and a beta of 1.42. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.57. The firm has a 50 day moving average of $755.05 and a 200 day moving average of $656.38. The Goldman Sachs Group, Inc. has a twelve month low of $439.38 and a twelve month high of $825.25.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Wednesday, July 16th. The investment management company reported $10.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.82 by $1.09. The Goldman Sachs Group had a net margin of 12.37% and a return on equity of 14.32%. The business had revenue of $14.58 billion for the quarter, compared to analysts’ expectations of $13.53 billion. During the same quarter in the prior year, the business earned $8.62 EPS. The business’s revenue for the quarter was up 14.5% compared to the same quarter last year. As a group, equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, August 29th were given a dividend of $4.00 per share. This represents a $16.00 annualized dividend and a yield of 2.0%. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $3.00. The ex-dividend date was Friday, August 29th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 35.26%.

Insider Buying and Selling

In related news, COO John E. Waldron sold 9,000 shares of the company’s stock in a transaction 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 completion of the transaction, the chief operating officer owned 106,268 shares of the company’s stock, valued at approximately $79,755,196.68. This represents a 7.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP John F.W. Rogers sold 6,008 shares of the company’s stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $717.39, for a total value of $4,310,079.12. Following the completion of the transaction, the executive vice president directly owned 65,761 shares of the company’s stock, valued at approximately $47,176,283.79. This trade represents a 8.37% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,323 shares of company stock worth $28,111,828. Company insiders own 0.55% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Citigroup boosted their price objective on shares of The Goldman Sachs Group from $550.00 to $700.00 and gave the company a “neutral” rating in a research report on Monday, July 21st. Deutsche Bank Aktiengesellschaft upped their price target on The Goldman Sachs Group from $725.00 to $790.00 and gave the company a “hold” rating in a research report on Tuesday, September 30th. Morgan Stanley lifted their price objective on The Goldman Sachs Group from $706.00 to $854.00 and gave the stock an “equal weight” rating in a research report on Monday, September 29th. JMP Securities reissued a “market perform” rating and set a $600.00 price objective on shares of The Goldman Sachs Group in a research report on Monday, July 14th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of The Goldman Sachs Group in a report on Saturday, September 27th. Five equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $717.00.

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.