GenTrust LLC Has $6.20 Million Position in The Goldman Sachs Group, Inc. $GS

GenTrust LLC lessened its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 4.5% during the second quarter, Holdings Channel reports. The fund owned 8,760 shares of the investment management company’s stock after selling 409 shares during the quarter. GenTrust LLC’s holdings in The Goldman Sachs Group were worth $6,200,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC raised its holdings in shares of The Goldman Sachs Group by 17.1% in the fourth quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock valued at $1,989,000 after purchasing an additional 508 shares during the last quarter. Revolve Wealth Partners LLC grew its position in The Goldman Sachs Group by 7.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock valued at $508,000 after buying an additional 58 shares during the period. GAMMA Investing LLC grew its position in The Goldman Sachs Group by 17.1% during the first quarter. GAMMA Investing LLC now owns 7,279 shares of the investment management company’s stock valued at $3,977,000 after buying an additional 1,062 shares during the period. Golden State Equity Partners grew its position in The Goldman Sachs Group by 5.0% during the first quarter. Golden State Equity Partners now owns 1,684 shares of the investment management company’s stock valued at $920,000 after buying an additional 80 shares during the period. Finally, Spire Wealth Management grew its position in The Goldman Sachs Group by 62.3% during the first quarter. Spire Wealth Management now owns 8,258 shares of the investment management company’s stock valued at $4,511,000 after buying an additional 3,171 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Activity

In other The Goldman Sachs Group news, COO John E. Waldron sold 9,244 shares of the business’s 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 transaction, the chief operating officer owned 115,268 shares of the company’s stock, valued at approximately $86,463,679.48. The trade was a 7.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.55% of the stock is currently owned by corporate insiders.

The Goldman Sachs Group Price Performance

GS opened at $751.21 on Friday. The stock has a 50-day moving average price of $766.49 and a 200-day moving average price of $676.63. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.11 and a quick ratio of 0.67. The firm has a market cap of $227.41 billion, a PE ratio of 15.26, a P/E/G ratio of 1.36 and a beta of 1.42. The Goldman Sachs Group, Inc. has a 1 year low of $439.38 and a 1 year high of $825.25.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.27 by $1.98. The firm had revenue of $11.33 billion during the quarter, compared to analyst estimates of $13.68 billion. The Goldman Sachs Group had a return on equity of 14.79% and a net margin of 13.18%.The Goldman Sachs Group’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $8.40 EPS. Sell-side analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd will be given a $4.00 dividend. This represents a $16.00 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Tuesday, December 2nd. The Goldman Sachs Group’s payout ratio is currently 32.50%.

Analysts Set New Price Targets

Several research firms recently weighed in on GS. BNP Paribas Exane increased their price target on shares of The Goldman Sachs Group from $685.00 to $775.00 and gave the company a “neutral” rating in a research report on Friday, October 17th. Wall Street Zen upgraded shares of The Goldman Sachs Group from a “sell” rating to a “hold” rating in a report on Saturday, July 12th. 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 report on Wednesday, October 15th. Hsbc Global Res cut shares of The Goldman Sachs Group from a “hold” rating to a “moderate sell” rating in a report on Tuesday, July 8th. Finally, JMP Securities restated a “market perform” rating and set a $600.00 target price on shares of The Goldman Sachs Group in a report on Monday, July 14th. Three equities 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 MarketBeat, The Goldman Sachs Group presently has an average rating of “Hold” and a consensus target price of $779.50.

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.