Seaview Investment Managers LLC Sells 16,946 Shares of The Goldman Sachs Group, Inc. $GS

Seaview Investment Managers LLC trimmed its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 97.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 442 shares of the investment management company’s stock after selling 16,946 shares during the period. Seaview Investment Managers LLC’s holdings in The Goldman Sachs Group were worth $313,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Kingstone Capital Partners Texas LLC raised its position in shares of The Goldman Sachs Group by 617,504.5% during the second quarter. Kingstone Capital Partners Texas LLC now owns 29,058,291 shares of the investment management company’s stock worth $20,566,005,000 after acquiring an additional 29,053,586 shares during the last quarter. Norges Bank acquired a new stake in The Goldman Sachs Group during the 2nd quarter valued at approximately $2,138,031,000. Nuveen LLC acquired a new stake in The Goldman Sachs Group during the 1st quarter valued at approximately $897,185,000. Ninety One UK Ltd bought a new position in The Goldman Sachs Group during the 2nd quarter worth approximately $408,780,000. Finally, AGF Management Ltd. boosted its stake in shares of The Goldman Sachs Group by 2,429.6% in the 2nd quarter. AGF Management Ltd. now owns 485,375 shares of the investment management company’s stock valued at $343,524,000 after purchasing an additional 466,187 shares during the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. BNP Paribas Exane lifted their target price on shares of 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. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $750.00 price objective (up from $625.00) on shares of The Goldman Sachs Group in a research report on Tuesday, October 21st. 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 research note on Tuesday, September 30th. Zacks Research cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 16th. Finally, Evercore ISI lifted their target price on The Goldman Sachs Group from $752.00 to $830.00 and gave the stock an “outperform” rating in a report on Tuesday, September 30th. Four research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, The Goldman Sachs Group has an average rating of “Hold” and an average price target of $786.00.

The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock opened at $854.06 on Friday. The business has a 50-day simple moving average of $790.53 and a 200 day simple moving average of $733.25. The Goldman Sachs Group, Inc. has a one year low of $439.38 and a one year high of $856.20. The company has a debt-to-equity ratio of 2.53, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market capitalization of $256.16 billion, a price-to-earnings ratio of 17.35, a PEG ratio of 1.11 and a beta of 1.36.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.27 by $1.98. The business had revenue of $15.18 billion for the quarter, compared to analyst estimates of $13.68 billion. The Goldman Sachs Group had a return on equity of 15.29% and a net margin of 13.18%.The company’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $8.40 earnings per share. On average, research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd will be paid a dividend of $4.00 per share. This represents a $16.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Tuesday, December 2nd. The Goldman Sachs Group’s payout ratio is 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.