The Goldman Sachs Group, Inc. $GS Position Lowered by GeoWealth Management LLC

GeoWealth Management LLC decreased its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 78.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,387 shares of the investment management company’s stock after selling 4,955 shares during the quarter. GeoWealth Management LLC’s holdings in The Goldman Sachs Group were worth $982,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Canada Pension Plan Investment Board raised its stake in The Goldman Sachs Group by 28.6% during the first quarter. Canada Pension Plan Investment Board now owns 524,296 shares of the investment management company’s stock worth $286,418,000 after acquiring an additional 116,535 shares in the last quarter. Ignite Planners LLC bought a new position in shares of The Goldman Sachs Group in the 2nd quarter valued at about $239,000. Bank of New York Mellon Corp grew its stake 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 purchasing an additional 157,473 shares during the period. Jump Financial LLC bought a new position in shares of The Goldman Sachs Group during the first quarter worth $9,596,000. Finally, Wells Trecaso Financial Group LLC lifted its stake in The Goldman Sachs Group by 0.5% in the second quarter. Wells Trecaso Financial Group LLC now owns 21,534 shares of the investment management company’s stock valued at $15,240,000 after buying an additional 108 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Performance

Shares of GS opened at $854.06 on Friday. The stock has a 50-day moving average of $790.53 and a 200-day moving average of $734.14. 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 company has a market cap of $256.16 billion, a PE ratio of 17.35, a P/E/G ratio of 1.13 and a beta of 1.36.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Tuesday, October 14th. The investment management company reported $12.25 EPS for the quarter, beating analysts’ consensus estimates of $10.27 by $1.98. The firm had revenue of $15.18 billion during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter last year, the firm posted $8.40 earnings per share. On average, equities research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 2nd will be given a $4.00 dividend. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a $16.00 annualized dividend and a yield of 1.9%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 32.50%.

Analyst Ratings Changes

GS has been the topic of several analyst reports. Morgan Stanley dropped their target price on The Goldman Sachs Group from $854.00 to $828.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 15th. Evercore ISI raised their target price on shares of The Goldman Sachs Group from $752.00 to $830.00 and gave the stock an “outperform” rating in a report on Tuesday, September 30th. UBS Group raised their target price on shares of The Goldman Sachs Group from $762.00 to $805.00 and gave the company a “neutral” rating in a report on Tuesday, October 7th. Wells Fargo & Company increased 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 report on Tuesday, September 16th. Finally, Royal Bank Of Canada reiterated a “neutral” rating and issued a $843.00 target price on shares of The Goldman Sachs Group in a research report on Tuesday, October 14th. Four 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 company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $786.00.

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.