Condor Capital Management Sells 67 Shares of The Goldman Sachs Group, Inc. $GS

Condor Capital Management lessened its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,441 shares of the investment management company’s stock after selling 67 shares during the period. Condor Capital Management’s holdings in The Goldman Sachs Group were worth $3,851,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Meridian Wealth Management LLC grew its stake in The Goldman Sachs Group by 16.2% in the 2nd quarter. Meridian Wealth Management LLC now owns 1,673 shares of the investment management company’s stock worth $1,184,000 after acquiring an additional 233 shares in the last quarter. Opinicus Capital Inc. boosted its holdings in shares of The Goldman Sachs Group by 6.3% in the second quarter. Opinicus Capital Inc. now owns 1,216 shares of the investment management company’s stock valued at $860,000 after purchasing an additional 72 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in The Goldman Sachs Group by 5.5% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 75,254 shares of the investment management company’s stock worth $53,261,000 after purchasing an additional 3,895 shares in the last quarter. Foundations Investment Advisors LLC increased its holdings in The Goldman Sachs Group by 6.5% during the 2nd quarter. Foundations Investment Advisors LLC now owns 51,033 shares of the investment management company’s stock worth $36,119,000 after purchasing an additional 3,110 shares during the period. Finally, CFO4Life Group LLC increased its holdings in The Goldman Sachs Group by 22.0% during the 2nd quarter. CFO4Life Group LLC now owns 549 shares of the investment management company’s stock worth $388,000 after purchasing an additional 99 shares during the period. 71.21% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, COO John E. Waldron sold 9,244 shares of the stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $750.11, for a total value of $6,934,016.84. Following the completion of the sale, the chief operating officer directly owned 115,268 shares in the company, valued at approximately $86,463,679.48. This trade represents a 7.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.55% of the stock is owned by corporate insiders.

The Goldman Sachs Group Trading Down 1.9%

NYSE GS opened at $790.56 on Friday. The Goldman Sachs Group, Inc. has a 52 week low of $439.38 and a 52 week high of $841.28. The company has a 50 day moving average price of $785.07 and a 200 day moving average price of $709.46. 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 firm 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 Goldman Sachs Group (NYSE:GS) last announced its earnings results 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 net margin of 13.18% and a return on equity of 14.79%. The company had revenue of $15.18 billion during the quarter, compared to the consensus estimate of $13.68 billion. During the same period last year, the firm earned $8.40 earnings per share. The Goldman Sachs Group’s revenue was up 19.5% compared to the same quarter last year. As a group, sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 2nd will be paid 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 payout ratio is 32.50%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on GS shares. Evercore ISI increased their price target on The Goldman Sachs Group from $752.00 to $830.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 30th. 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. Morgan Stanley cut their target price on shares of 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. Citigroup upped their price target on shares of 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. Finally, Royal Bank Of Canada reissued a “neutral” rating and set a $843.00 price objective on shares of The Goldman Sachs Group in a report on Tuesday, October 14th. Four research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $786.00.

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.