The Goldman Sachs Group, Inc. $GS Shares Sold by Heritage Investors Management Corp

Heritage Investors Management Corp decreased its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,639 shares of the investment management company’s stock after selling 814 shares during the quarter. The Goldman Sachs Group comprises approximately 1.4% of Heritage Investors Management Corp’s holdings, making the stock its 19th largest 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 modified their holdings of the company. Clal Insurance Enterprises Holdings Ltd bought a new position in shares of The Goldman Sachs Group during the 1st quarter valued at about $25,000. Dogwood Wealth Management LLC raised its holdings in shares of The Goldman Sachs Group by 1,800.0% in the 2nd quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company’s stock worth $26,000 after purchasing an additional 36 shares in the last quarter. American Capital Advisory LLC bought a new stake in The Goldman Sachs Group during the first quarter worth approximately $29,000. Cornerstone Planning Group LLC grew its position in The Goldman Sachs Group by 46.9% in the first quarter. Cornerstone Planning Group LLC now owns 72 shares of the investment management company’s stock worth $38,000 after buying an additional 23 shares during the last quarter. Finally, Ridgewood Investments LLC lifted its position in shares of The Goldman Sachs Group by 45.9% during the 2nd 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. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Down 1.2%

Shares of GS stock opened at $782.59 on Thursday. 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 $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 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 (NYSE:GS) last issued its quarterly earnings results 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 company 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 quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the previous year, the company earned $8.40 earnings per share. On average, equities analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on GS. BNP Paribas Exane lifted their price target on The Goldman Sachs Group from $685.00 to $775.00 and gave the stock a “neutral” rating in a research note on Friday, October 17th. JMP Securities reissued a “market perform” rating and issued a $600.00 price target on shares of The Goldman Sachs Group in a research note on Monday, July 14th. Zacks Research cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 16th. Citizens Jmp reaffirmed a “market perform” rating on shares of The Goldman Sachs Group in a research note on Monday, July 14th. Finally, Royal Bank Of Canada reiterated a “neutral” rating and set a $843.00 price target on shares of The Goldman Sachs Group in a report on Tuesday, October 14th. Three equities research analysts have rated the stock with a Buy rating, sixteen have given 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 price target of $779.50.

Insider Activity at The Goldman Sachs Group

In related news, COO John E. Waldron sold 9,244 shares of the company’s stock in a transaction 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 in the company, valued at approximately $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 SEC, which is available through this hyperlink. Insiders own 0.55% of the company’s stock.

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.