Heritage Investors Management Corp Lowers Stock Holdings in The Goldman Sachs Group, Inc. $GS

Heritage Investors Management Corp lessened its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 60,639 shares of the investment management company’s stock after selling 814 shares during the period. The Goldman Sachs Group makes up 1.4% of Heritage Investors Management Corp’s portfolio, making the stock its 19th biggest position. Heritage Investors Management Corp’s holdings in The Goldman Sachs Group were worth $42,917,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Spinnaker Trust lifted its stake in shares of The Goldman Sachs Group by 3.5% during the second quarter. Spinnaker Trust now owns 1,191 shares of the investment management company’s stock worth $843,000 after purchasing an additional 40 shares in the last quarter. Savvy Advisors Inc. lifted its stake in shares of The Goldman Sachs Group by 11.1% in the second quarter. Savvy Advisors Inc. now owns 3,309 shares of the investment management company’s stock worth $2,342,000 after acquiring an additional 330 shares in the last quarter. Fortune 45 LLC lifted its stake in shares of The Goldman Sachs Group by 7.0% in the second quarter. Fortune 45 LLC now owns 1,077 shares of the investment management company’s stock worth $762,000 after acquiring an additional 70 shares in the last quarter. MeadowBrook Investment Advisors LLC acquired a new position in shares of The Goldman Sachs Group in the second quarter worth about $39,000. Finally, Assetmark Inc. lifted its stake in shares of The Goldman Sachs Group by 10.7% in the second quarter. Assetmark Inc. now owns 17,572 shares of the investment management company’s stock worth $12,437,000 after acquiring an additional 1,701 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Insider Transactions at The Goldman Sachs Group

In related news, COO John E. Waldron sold 9,244 shares of the stock in a transaction that occurred on 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 directly owned 115,268 shares of the company’s stock, valued at $86,463,679.48. This represents a 7.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.55% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Morgan Stanley cut 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. Evercore ISI boosted 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. HSBC boosted their price objective on The Goldman Sachs Group from $652.00 to $677.00 in a report on Thursday, October 2nd. Deutsche Bank Aktiengesellschaft boosted their price objective on The Goldman Sachs Group from $725.00 to $790.00 and gave the company a “hold” rating in a report on Tuesday, September 30th. Finally, Keefe, Bruyette & Woods boosted their price objective on The Goldman Sachs Group from $850.00 to $870.00 and gave the company a “market perform” rating in a report on Friday, October 17th. 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 company. According to MarketBeat, The Goldman Sachs Group has an average rating of “Hold” and a consensus target price of $779.50.

The Goldman Sachs Group Stock Down 1.2%

NYSE:GS opened at $782.59 on Thursday. The firm has a market capitalization of $236.90 billion, a PE ratio of 15.90, a price-to-earnings-growth ratio of 1.45 and a beta of 1.42. The stock has a 50 day moving average of $771.43 and a 200-day moving average of $687.54. The Goldman Sachs Group, Inc. has a 52 week low of $439.38 and a 52 week high of $825.25. 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 (NYSE:GS) last issued its quarterly earnings data 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 Goldman Sachs Group had a return on equity of 14.79% and a net margin of 13.18%.The business had revenue of $11.33 billion during the quarter, compared to analyst estimates of $13.68 billion. During the same period in the prior year, the company posted $8.40 EPS. The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. Analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 2nd will be issued a $4.00 dividend. This represents a $16.00 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Tuesday, December 2nd. The Goldman Sachs Group’s dividend payout ratio is 32.50%.

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.