Vestmark Advisory Solutions Inc. Sells 3,072 Shares of The Goldman Sachs Group, Inc. $GS

Vestmark Advisory Solutions Inc. trimmed its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 25.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,102 shares of the investment management company’s stock after selling 3,072 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in The Goldman Sachs Group were worth $6,442,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC increased its stake in The Goldman Sachs Group by 617,504.5% in the second quarter. Kingstone Capital Partners Texas LLC now owns 29,058,291 shares of the investment management company’s stock valued at $20,566,005,000 after acquiring an additional 29,053,586 shares during the last quarter. Nuveen LLC acquired a new stake in shares of The Goldman Sachs Group in the 1st quarter valued at $897,185,000. Ninety One UK Ltd bought a new position in shares of The Goldman Sachs Group in the 2nd quarter valued at $408,780,000. Amundi increased its stake in shares of The Goldman Sachs Group by 13.6% in the 1st quarter. Amundi now owns 1,891,260 shares of the investment management company’s stock valued at $967,193,000 after purchasing an additional 225,993 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of The Goldman Sachs Group by 15.6% during the 1st quarter. Ameriprise Financial Inc. now owns 1,604,472 shares of the investment management company’s stock worth $874,318,000 after buying an additional 216,556 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Analyst Ratings Changes

Several analysts recently weighed in on GS shares. BMO Capital Markets assumed 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 objective on the stock. Citigroup raised their price target on shares of The Goldman Sachs Group from $700.00 to $765.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. BNP Paribas Exane upped their price objective on shares of The Goldman Sachs Group from $685.00 to $775.00 and gave the stock a “neutral” rating in a research report on Friday, October 17th. UBS Group increased their price objective on shares of The Goldman Sachs Group from $762.00 to $805.00 and gave the company a “neutral” rating in a research note on Tuesday, October 7th. Finally, Wells Fargo & Company boosted their target price on shares of 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 given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $779.50.

The Goldman Sachs Group Stock Down 0.2%

Shares of NYSE:GS opened at $786.03 on Friday. The firm has a market cap of $235.75 billion, a P/E ratio of 15.97, a P/E/G ratio of 1.43 and a beta of 1.41. The Goldman Sachs Group, Inc. has a 12-month low of $439.38 and a 12-month high of $825.25. The business has a fifty day simple moving average of $778.04 and a 200 day simple moving average of $700.04. 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 earnings per share for the quarter, beating the consensus estimate 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 $15.18 billion during the quarter, compared to analysts’ expectations of $13.68 billion. During the same quarter in the prior year, the firm posted $8.40 earnings per share. The business’s quarterly revenue was up 19.5% on a year-over-year basis. Analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The firm 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 dividend of $4.00 per share. The ex-dividend date of this dividend 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 currently 32.50%.

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.