L.M. Kohn & Company Has $1.31 Million Holdings in The Goldman Sachs Group, Inc. $GS

L.M. Kohn & Company lessened its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 19.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,849 shares of the investment management company’s stock after selling 453 shares during the quarter. L.M. Kohn & Company’s holdings in The Goldman Sachs Group were worth $1,309,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Kingstone Capital Partners Texas LLC raised 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 acquiring an additional 29,053,586 shares during the period. Northern Trust Corp raised its stake in The Goldman Sachs Group by 1.2% in the 1st quarter. Northern Trust Corp now owns 3,332,804 shares of the investment management company’s stock valued at $1,820,677,000 after acquiring an additional 40,125 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in The Goldman Sachs Group by 6.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,084,108 shares of the investment management company’s stock valued at $1,138,527,000 after acquiring an additional 120,272 shares during the period. Amundi raised its stake in The Goldman Sachs Group by 13.6% in the 1st quarter. Amundi now owns 1,891,260 shares of the investment management company’s stock valued at $967,193,000 after acquiring an additional 225,993 shares during the period. Finally, Nuveen LLC bought a new stake in The Goldman Sachs Group in the 1st quarter valued at $897,185,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Activity at The Goldman Sachs Group

In other news, COO John E. Waldron sold 9,000 shares of The Goldman Sachs Group stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $750.51, for a total transaction of $6,754,590.00. Following the sale, the chief operating officer directly owned 106,268 shares of the company’s stock, valued at approximately $79,755,196.68. This trade represents a 7.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.55% of the company’s stock.

Analysts Set New Price Targets

GS has been the topic of a number of research analyst reports. Zacks Research cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 16th. JMP Securities restated a “market perform” rating and issued a $600.00 price target on shares of The Goldman Sachs Group in a research note on Monday, July 14th. Royal Bank Of Canada reissued a “neutral” rating and set a $843.00 target price on shares of The Goldman Sachs Group in a report on Tuesday, October 14th. Evercore ISI lifted their target price on The Goldman Sachs Group from $752.00 to $830.00 and gave the stock an “outperform” rating in a report on Tuesday, September 30th. Finally, UBS Group lifted their target price on The Goldman Sachs Group from $762.00 to $805.00 and gave the stock a “neutral” rating in a report on Tuesday, October 7th. Three equities 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $779.50.

The Goldman Sachs Group Stock Performance

The Goldman Sachs Group stock opened at $792.69 on Wednesday. The business’s 50-day moving average price is $770.18 and its two-hundred day moving average price is $685.52. The Goldman Sachs Group, Inc. has a 12-month low of $439.38 and a 12-month high of $825.25. The stock has a market cap of $239.96 billion, a PE ratio of 16.10, a P/E/G ratio of 1.45 and a beta of 1.42. 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 Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Tuesday, October 14th. The investment management company reported $12.25 EPS for the quarter, beating analysts’ consensus estimates of $10.27 by $1.98. The Goldman Sachs Group had a return on equity of 14.79% and a net margin of 13.18%.The firm had revenue of $11.33 billion for the quarter, compared to analyst estimates of $13.68 billion. During the same period last year, the firm posted $8.40 earnings per share. The business’s revenue for the quarter was up 19.5% on a year-over-year basis. As a group, 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 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. This represents a $16.00 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Tuesday, December 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 32.50%.

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.