Arcus Capital Partners LLC Reduces Stock Position in The Goldman Sachs Group, Inc. $GS

Arcus Capital Partners LLC trimmed its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 8.3% in the second quarter, Holdings Channel reports. The institutional investor owned 4,169 shares of the investment management company’s stock after selling 377 shares during the quarter. The Goldman Sachs Group accounts for approximately 1.3% of Arcus Capital Partners LLC’s investment portfolio, making the stock its 14th biggest holding. Arcus Capital Partners LLC’s holdings in The Goldman Sachs Group were worth $2,950,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Wealthstream Advisors Inc. boosted its holdings in shares of The Goldman Sachs Group by 15.7% in the second quarter. Wealthstream Advisors Inc. now owns 1,502 shares of the investment management company’s stock worth $1,063,000 after acquiring an additional 204 shares during the period. TrueMark Investments LLC boosted its stake in The Goldman Sachs Group by 8.8% in the 2nd quarter. TrueMark Investments LLC now owns 9,162 shares of the investment management company’s stock worth $6,484,000 after purchasing an additional 738 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in The Goldman Sachs Group during the 2nd quarter valued at about $93,477,000. Signature Estate & Investment Advisors LLC grew its holdings in The Goldman Sachs Group by 3.0% during the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 1,469 shares of the investment management company’s stock valued at $1,039,000 after buying an additional 43 shares in the last quarter. Finally, Woodard & Co. Asset Management Group Inc. ADV increased its position in shares of The Goldman Sachs Group by 1.8% during the second quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 2,791 shares of the investment management company’s stock valued at $1,975,000 after buying an additional 50 shares during the period. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Down 1.0%

GS opened at $750.71 on Friday. The business’s fifty day simple moving average is $765.25 and its 200 day simple moving average is $670.40. 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 quick ratio of 0.67, a current ratio of 1.11 and a debt-to-equity ratio of 2.23. The stock has a market cap of $227.25 billion, a PE ratio of 15.25, a P/E/G ratio of 1.39 and a beta of 1.42.

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 firm had revenue of $11.33 billion during the quarter, compared to analysts’ expectations of $13.68 billion. The Goldman Sachs Group had a return on equity of 14.79% and a net margin of 13.18%.The company’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period in the prior year, the business earned $8.40 EPS. As a group, research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders 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 2.1%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 32.50%.

Insider Buying and Selling at The Goldman Sachs Group

In other news, CEO David M. Solomon sold 6,608 shares of the business’s stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $712.31, for a total value of $4,706,944.48. Following the completion of the sale, the chief executive officer directly 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Denis P. Coleman sold 7,463 shares of The Goldman Sachs Group stock in a transaction on Friday, July 25th. The stock was sold at an average price of $724.40, for a total transaction of $5,406,197.20. Following the completion of the transaction, the chief financial officer owned 18,594 shares in the company, valued at approximately $13,469,493.60. The trade was a 28.64% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,323 shares of company stock valued at $28,111,828. Insiders own 0.55% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on GS shares. BMO Capital Markets assumed coverage on shares of The Goldman Sachs Group in a research report on Friday, October 3rd. They issued a “market perform” rating and a $785.00 price objective for the company. Evercore ISI increased their target price on shares of The Goldman Sachs Group from $752.00 to $830.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 30th. Wells Fargo & Company boosted their price target on shares of The Goldman Sachs Group from $785.00 to $855.00 and gave the company an “overweight” rating in a research report on Tuesday, September 16th. Zacks Research downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 16th. Finally, Barclays lifted their price objective on The Goldman Sachs Group from $720.00 to $850.00 and gave the company an “overweight” rating in a research note on Wednesday. Four 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 currently has a consensus rating of “Hold” and an average price target of $770.73.

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.