DekaBank Deutsche Girozentrale Sells 40,888 Shares of The Goldman Sachs Group, Inc. $GS

DekaBank Deutsche Girozentrale reduced its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 21.6% during the second quarter, HoldingsChannel reports. The firm owned 148,822 shares of the investment management company’s stock after selling 40,888 shares during the period. DekaBank Deutsche Girozentrale’s holdings in The Goldman Sachs Group were worth $105,049,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC lifted its stake in shares of The Goldman Sachs Group by 17.1% in the 4th 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 period. Revolve Wealth Partners LLC lifted its stake in shares of The Goldman Sachs Group by 7.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock valued at $508,000 after purchasing an additional 58 shares during the period. GAMMA Investing LLC lifted its stake in shares of The Goldman Sachs Group by 17.1% in the 1st quarter. GAMMA Investing LLC now owns 7,279 shares of the investment management company’s stock valued at $3,977,000 after purchasing an additional 1,062 shares during the period. Advisor Resource Council acquired a new position in shares of The Goldman Sachs Group in the 1st quarter valued at about $290,000. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in shares of The Goldman Sachs Group by 38.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 52,648 shares of the investment management company’s stock valued at $28,761,000 after purchasing an additional 14,652 shares during the period. 71.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

GS has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their price objective on The Goldman Sachs Group from $785.00 to $855.00 and gave the company an “overweight” rating in a research note on Tuesday, September 16th. Daiwa Capital Markets boosted their price objective on The Goldman Sachs Group from $756.00 to $810.00 and gave the company a “neutral” rating in a research note on Wednesday, October 8th. Morgan Stanley dropped their price target on The Goldman Sachs Group from $854.00 to $828.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 15th. Wall Street Zen raised The Goldman Sachs Group from a “sell” rating to a “hold” rating in a research note on Saturday, July 12th. Finally, UBS Group upped their price target on The Goldman Sachs Group from $762.00 to $805.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 7th. Four research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $771.00.

The Goldman Sachs Group Stock Performance

Shares of GS opened at $763.11 on Tuesday. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.67 and a current ratio of 1.11. The stock has a 50 day moving average price of $766.13 and a two-hundred day moving average price of $673.57. The firm has a market capitalization of $231.01 billion, a P/E ratio of 15.50, a P/E/G ratio of 1.39 and a beta of 1.42. The Goldman Sachs Group, Inc. has a 52 week low of $439.38 and a 52 week high of $825.25.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Tuesday, October 14th. The investment management company reported $12.25 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 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 company’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same period in the previous year, the company posted $8.40 EPS. Equities analysts forecast 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd will be issued a dividend of $4.00 per share. This represents a $16.00 dividend on an annualized basis and a 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%.

Insider Buying and Selling

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 7,463 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer directly owned 18,594 shares of the company’s stock, valued at approximately $13,469,493.60. The trade was a 28.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John F.W. Rogers sold 6,008 shares of the business’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $717.39, for a total value of $4,310,079.12. Following the sale, the executive vice president directly owned 65,761 shares of the company’s stock, valued at $47,176,283.79. This represents a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,323 shares of company stock valued at $28,111,828. Company insiders own 0.55% of the company’s stock.

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.