Triglav Investments D.O.O. Sells 13,434 Shares of The Goldman Sachs Group, Inc. $GS

Triglav Investments D.O.O. cut its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 25.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 39,453 shares of the investment management company’s stock after selling 13,434 shares during the quarter. The Goldman Sachs Group accounts for about 2.0% of Triglav Investments D.O.O.’s portfolio, making the stock its 12th biggest holding. Triglav Investments D.O.O.’s holdings in The Goldman Sachs Group were worth $27,921,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of GS. Dogwood Wealth Management LLC raised its holdings in shares of The Goldman Sachs Group by 1,800.0% in the second quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company’s stock valued at $26,000 after purchasing an additional 36 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd bought a new position in The Goldman Sachs Group in the first quarter valued at $25,000. Ridgewood Investments LLC grew its position in The Goldman Sachs Group by 45.9% in the second quarter. Ridgewood Investments LLC now owns 54 shares of the investment management company’s stock valued at $38,000 after purchasing an additional 17 shares in the last quarter. MeadowBrook Investment Advisors LLC acquired a new stake in The Goldman Sachs Group in the 2nd quarter valued at $39,000. Finally, Avion Wealth lifted its position in The Goldman Sachs Group by 31.1% during the 2nd quarter. Avion Wealth now owns 59 shares of the investment management company’s stock worth $41,000 after buying an additional 14 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on GS. Wall Street Zen upgraded The Goldman Sachs Group from a “sell” rating to a “hold” rating in a report on Saturday, July 12th. BMO Capital Markets began coverage on The Goldman Sachs Group in a research note on Friday, October 3rd. They issued a “market perform” rating and a $785.00 price target for the company. Daiwa Capital Markets boosted their price target on The Goldman Sachs Group from $756.00 to $810.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 8th. Royal Bank Of Canada reissued a “neutral” rating and issued a $843.00 price objective on shares of The Goldman Sachs Group in a report on Tuesday, October 14th. Finally, Evercore ISI boosted 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 report on Tuesday, September 30th. Three research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $779.50.

The Goldman Sachs Group Stock Down 0.1%

GS opened at $789.50 on Friday. 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 stock’s fifty day simple moving average is $773.85 and its 200 day simple moving average is $691.50. The Goldman Sachs Group, Inc. has a 1-year low of $439.38 and a 1-year high of $825.25. The stock has a market cap of $239.00 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 1.43 and a beta of 1.42.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Tuesday, October 14th. The investment management company reported $12.25 earnings per share for the quarter, beating the consensus estimate of $10.27 by $1.98. The company had revenue of $11.33 billion for the quarter, compared to analyst estimates of $13.68 billion. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 14.79%. The company’s revenue was up 19.5% on a year-over-year basis. During the same period in the prior year, the firm earned $8.40 earnings per share. As a group, research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd will be given a dividend of $4.00 per share. The ex-dividend date is Tuesday, December 2nd. This represents a $16.00 annualized dividend and a yield of 2.0%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 32.50%.

Insider Activity

In other news, COO John E. Waldron sold 9,000 shares of the company’s stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $750.51, for a total value of $6,754,590.00. Following the transaction, the chief operating officer owned 106,268 shares of the company’s stock, valued at approximately $79,755,196.68. This represents a 7.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.55% of the stock is currently owned by corporate insiders.

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.