Interchange Capital Partners LLC Decreases Position in The Goldman Sachs Group, Inc. $GS

Interchange Capital Partners LLC lowered its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 56.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 214 shares of the investment management company’s stock after selling 282 shares during the period. Interchange Capital Partners LLC’s holdings in The Goldman Sachs Group were worth $151,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of GS. Kingstone Capital Partners Texas LLC grew its stake in The Goldman Sachs Group by 617,504.5% in 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 buying an additional 29,053,586 shares in the last quarter. International Assets Investment Management LLC purchased a new position in The Goldman Sachs Group in the 1st quarter valued at approximately $1,766,238,000. Nuveen LLC purchased a new position in The Goldman Sachs Group in the 1st quarter valued at approximately $897,185,000. Ninety One UK Ltd purchased a new position in The Goldman Sachs Group in the 2nd quarter valued at approximately $408,780,000. Finally, Cohen Investment Advisors LLC grew its stake in The Goldman Sachs Group by 5,559.2% in the 1st quarter. Cohen Investment Advisors LLC now owns 470,220 shares of the investment management company’s stock valued at $256,876,000 after buying an additional 461,911 shares in the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

GS has been the subject of a number of recent research reports. Keefe, Bruyette & Woods lifted their price objective on shares of The Goldman Sachs Group from $790.00 to $850.00 and gave the company a “market perform” rating in a research note on Friday, October 10th. 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 downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 16th. Citizens Jmp reissued a “market perform” rating on shares of The Goldman Sachs Group in a report on Monday, July 14th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of The Goldman Sachs Group in a report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $746.69.

Insider Buying and Selling at The Goldman Sachs Group

In related news, COO John E. Waldron sold 9,244 shares of The Goldman Sachs Group stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $750.11, for a total value of $6,934,016.84. Following the transaction, the chief operating officer owned 115,268 shares in the company, valued at $86,463,679.48. This trade represents a 7.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David M. Solomon sold 6,608 shares of The Goldman Sachs Group stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $712.31, for a total transaction of $4,706,944.48. Following the completion of the transaction, the chief executive officer owned 126,176 shares in the company, valued at approximately $89,876,426.56. The trade was a 4.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,323 shares of company stock worth $28,111,828 in the last 90 days. 0.55% of the stock is owned by company insiders.

The Goldman Sachs Group Stock Performance

NYSE GS opened at $771.44 on Wednesday. The Goldman Sachs Group, Inc. has a 52-week low of $439.38 and a 52-week high of $825.25. The company has a debt-to-equity ratio of 2.57, a quick ratio of 0.67 and a current ratio of 0.67. The company has a market capitalization of $233.53 billion, a P/E ratio of 17.00, a P/E/G ratio of 1.48 and a beta of 1.42. The company has a fifty day moving average of $763.05 and a 200-day moving average of $666.12.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Tuesday, October 14th. The investment management company reported $12.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.27 by $1.98. The Goldman Sachs Group had a net margin of 12.37% and a return on equity of 14.32%. The company had revenue of $11.33 billion during the quarter, compared to the consensus estimate of $13.68 billion. During the same period in the previous year, the firm posted $8.40 EPS. The firm’s revenue was up 19.5% compared to the same quarter last year. As a group, equities research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

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 given a $4.00 dividend. This represents a $16.00 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Tuesday, December 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 35.26%.

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.