Rothschild Investment LLC Sells 90 Shares of The Goldman Sachs Group, Inc. $GS

Rothschild Investment LLC reduced its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 3.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,529 shares of the investment management company’s stock after selling 90 shares during the quarter. Rothschild Investment LLC’s holdings in The Goldman Sachs Group were worth $1,790,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Canada Pension Plan Investment Board lifted its holdings in The Goldman Sachs Group by 28.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 524,296 shares of the investment management company’s stock worth $286,418,000 after buying an additional 116,535 shares during the period. Ignite Planners LLC acquired a new stake in shares of The Goldman Sachs Group in the second quarter valued at about $239,000. Bank of New York Mellon Corp raised its position in shares of The Goldman Sachs Group by 4.9% during the second quarter. Bank of New York Mellon Corp now owns 3,379,900 shares of the investment management company’s stock worth $2,392,124,000 after acquiring an additional 157,473 shares during the last quarter. 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. Finally, Jump Financial LLC acquired a new position in shares of The Goldman Sachs Group in the first quarter worth approximately $9,596,000. Institutional investors own 71.21% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on GS shares. Dbs Bank increased their target price on shares of The Goldman Sachs Group from $800.00 to $890.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. BMO Capital Markets began coverage on shares of The Goldman Sachs Group in a research report on Friday, October 3rd. They issued a “market perform” rating and a $785.00 price target on the stock. UBS Group increased their price objective on shares of The Goldman Sachs Group from $762.00 to $805.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 7th. Barclays lifted their target price on shares of The Goldman Sachs Group from $720.00 to $850.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Finally, Evercore ISI boosted their target price on shares of The Goldman Sachs Group from $752.00 to $830.00 and gave the company an “outperform” rating in a report on Tuesday, September 30th. Four investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $786.00.

Insider Activity

In related news, COO John E. Waldron sold 9,244 shares of The Goldman Sachs Group stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $750.11, for a total value of $6,934,016.84. Following the completion of the sale, the chief operating officer owned 115,268 shares of the company’s stock, valued at approximately $86,463,679.48. This trade represents a 7.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.55% of the stock is currently owned by corporate insiders.

The Goldman Sachs Group Trading Down 1.8%

NYSE:GS opened at $776.42 on Tuesday. The Goldman Sachs Group, Inc. has a 12 month low of $439.38 and a 12 month high of $841.28. 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 stock has a market capitalization of $232.87 billion, a price-to-earnings ratio of 15.77, a PEG ratio of 1.43 and a beta of 1.41. The firm has a fifty day simple moving average of $785.78 and a two-hundred day simple moving average of $713.29.

The Goldman Sachs Group (NYSE:GS) last released 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 net margin of 13.18% and a return on equity of 14.79%. The company had revenue of $15.18 billion for the quarter, compared to analysts’ expectations of $13.68 billion. During the same quarter in the prior year, the firm earned $8.40 EPS. The business’s revenue was up 19.5% on a year-over-year basis. Analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

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 issued a $4.00 dividend. This represents a $16.00 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Tuesday, December 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 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.