The Goldman Sachs Group, Inc. $GS Shares Sold by Cambiar Investors LLC

Cambiar Investors LLC decreased its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 96.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,465 shares of the investment management company’s stock after selling 44,508 shares during the period. Cambiar Investors LLC’s holdings in The Goldman Sachs Group were worth $1,037,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of GS. Dogwood Wealth Management LLC boosted its stake in shares of The Goldman Sachs Group by 1,800.0% during the second quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company’s stock valued at $26,000 after acquiring an additional 36 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd acquired a new stake in shares of The Goldman Sachs Group during the first quarter valued at $25,000. Ridgewood Investments LLC boosted its stake in shares of The Goldman Sachs Group by 45.9% during the second quarter. Ridgewood Investments LLC now owns 54 shares of the investment management company’s stock valued at $38,000 after acquiring an additional 17 shares during the last quarter. MeadowBrook Investment Advisors LLC acquired a new stake in shares of The Goldman Sachs Group during the second quarter valued at $39,000. Finally, Avion Wealth boosted its stake in shares of The Goldman Sachs Group by 31.1% during the second quarter. Avion Wealth now owns 59 shares of the investment management company’s stock valued at $41,000 after acquiring an additional 14 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Wall Street Analysts Forecast Growth

GS has been the topic of a number of analyst reports. Keefe, Bruyette & Woods increased their price objective 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. Citigroup increased their price objective on The Goldman Sachs Group from $700.00 to $765.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Citizens Jmp reaffirmed a “market perform” rating on shares of The Goldman Sachs Group in a research note on Monday, July 14th. Hsbc Global Res lowered The Goldman Sachs Group from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, July 8th. Finally, Evercore ISI raised their price target on 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. Three investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, The Goldman Sachs Group has a consensus rating of “Hold” and a consensus target price of $779.50.

Insider Buying and Selling at The Goldman Sachs Group

In other news, COO John E. Waldron sold 9,244 shares of The Goldman Sachs Group 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 transaction, the chief operating officer directly owned 115,268 shares of the company’s stock, valued at $86,463,679.48. The trade was a 7.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.55% of the stock is owned by corporate insiders.

The Goldman Sachs Group Stock Down 0.1%

Shares of NYSE:GS opened at $789.50 on Friday. The stock’s 50-day moving average price is $773.85 and its two-hundred day moving average price is $691.50. The company has a current ratio of 1.11, a quick ratio of 0.67 and a debt-to-equity ratio of 2.23. The Goldman Sachs Group, Inc. has a 12-month low of $439.38 and a 12-month high of $825.25. The firm has a market cap of $239.00 billion, a price-to-earnings ratio of 16.04, a PEG ratio of 1.43 and a beta of 1.42.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results 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 for 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 firm’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period last year, the company earned $8.40 EPS. On average, research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd will be paid a $4.00 dividend. This represents a $16.00 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Tuesday, December 2nd. The Goldman Sachs Group’s payout ratio is currently 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.