Waldron Private Wealth LLC Sells 52 Shares of The Goldman Sachs Group, Inc. $GS

Waldron Private Wealth LLC cut its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 4.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,167 shares of the investment management company’s stock after selling 52 shares during the quarter. Waldron Private Wealth LLC’s holdings in The Goldman Sachs Group were worth $826,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Canada Pension Plan Investment Board raised its position in The Goldman Sachs Group by 28.6% in the first quarter. Canada Pension Plan Investment Board now owns 524,296 shares of the investment management company’s stock valued at $286,418,000 after purchasing an additional 116,535 shares during the last quarter. Clear Creek Financial Management LLC bought a new position in shares of The Goldman Sachs Group during the first quarter worth about $321,000. Blueshift Asset Management LLC raised its position in shares of The Goldman Sachs Group by 161.8% during the first quarter. Blueshift Asset Management LLC now owns 1,055 shares of the investment management company’s stock worth $576,000 after acquiring an additional 652 shares during the last quarter. Jump Financial LLC bought a new position in shares of The Goldman Sachs Group during the first quarter worth about $9,596,000. Finally, Strategic Blueprint LLC raised its position in shares of The Goldman Sachs Group by 15.2% during the first quarter. Strategic Blueprint LLC now owns 3,271 shares of the investment management company’s stock worth $1,787,000 after acquiring an additional 432 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on GS. Zacks Research downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 16th. Weiss Ratings restated a “hold (c+)” rating on shares of The Goldman Sachs Group in a research report on Saturday. Deutsche Bank Aktiengesellschaft raised their price objective on The Goldman Sachs Group from $725.00 to $790.00 and gave the stock a “hold” rating in a research report on Tuesday, September 30th. Royal Bank Of Canada reaffirmed a “neutral” rating and set a $843.00 target price on shares of The Goldman Sachs Group in a research note on Tuesday, October 14th. Finally, Wells Fargo & Company raised their target price on The Goldman Sachs Group from $785.00 to $855.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 16th. 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.com, the company currently has a consensus rating of “Hold” and an average price target of $779.50.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS opened at $784.09 on Friday. 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, Inc. has a twelve month low of $439.38 and a twelve month high of $825.25. The stock’s 50 day moving average is $767.57 and its 200-day moving average is $680.36. The firm has a market capitalization of $237.36 billion, a price-to-earnings ratio of 15.93, a PEG ratio of 1.43 and a beta of 1.42.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share 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 company had revenue of $11.33 billion for the quarter, compared to analyst estimates of $13.68 billion. During the same period in the prior year, the firm earned $8.40 earnings per share. The Goldman Sachs Group’s revenue for the quarter was up 19.5% on a year-over-year basis. Sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd will be given 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 is presently 32.50%.

Insider Buying and Selling at The Goldman Sachs Group

In other news, COO John E. Waldron sold 9,244 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $750.11, for a total transaction 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. This represents a 7.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.55% of the stock is owned by insiders.

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.