Y.D. More Investments Ltd Trims Stake in The Goldman Sachs Group, Inc. $GS

Y.D. More Investments Ltd lessened its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 11.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,552 shares of the investment management company’s stock after selling 191 shares during the quarter. Y.D. More Investments Ltd’s holdings in The Goldman Sachs Group were worth $1,098,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of The Goldman Sachs Group in the 1st quarter valued at $25,000. Dogwood Wealth Management LLC grew its position in 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 worth $26,000 after purchasing an additional 36 shares during the last quarter. Clearstead Trust LLC purchased a new position in The Goldman Sachs Group during the 2nd quarter worth $31,000. Ridgewood Investments LLC increased its stake 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 valued at $38,000 after purchasing an additional 17 shares during the period. Finally, MeadowBrook Investment Advisors LLC purchased a new stake in shares of The Goldman Sachs Group in the second quarter valued at about $39,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Price Performance

Shares of NYSE GS opened at $790.56 on Friday. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.67 and a current ratio of 1.11. The Goldman Sachs Group, Inc. has a one year low of $439.38 and a one year high of $841.28. The firm has a market capitalization of $237.11 billion, a P/E ratio of 16.06, a PEG ratio of 1.43 and a beta of 1.41. The company’s fifty day moving average is $785.07 and its two-hundred day moving average is $710.58.

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, beating analysts’ consensus estimates of $10.27 by $1.98. The business had revenue of $15.18 billion during the quarter, compared to the consensus estimate of $13.68 billion. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 14.79%. The business’s revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the firm posted $8.40 EPS. 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 company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd will be paid a dividend of $4.00 per share. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a $16.00 annualized dividend and a dividend yield of 2.0%. The Goldman Sachs Group’s payout ratio is 32.50%.

Analysts Set New Price Targets

Several brokerages recently issued reports on GS. Royal Bank Of Canada restated a “neutral” rating and issued a $843.00 price target on shares of The Goldman Sachs Group in a research report on Tuesday, October 14th. Keefe, Bruyette & Woods lifted their target price on The Goldman Sachs Group from $850.00 to $870.00 and gave the company a “market perform” rating in a research note on Friday, October 17th. Barclays upped their price target on 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. Morgan Stanley lowered their price objective 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. Finally, BMO Capital Markets assumed coverage on shares of The Goldman Sachs Group in a research note on Friday, October 3rd. They issued a “market perform” rating and a $785.00 price objective on the stock. Four 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 data from MarketBeat, The Goldman Sachs Group has an average rating of “Hold” and an average target price of $786.00.

Insider Buying and Selling at The Goldman Sachs Group

In related news, COO John E. Waldron sold 9,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 28th. The stock was 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 directly owned 106,268 shares of the company’s stock, valued at $79,755,196.68. This trade represents a 7.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.55% of the stock is currently owned by corporate insiders.

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.