The Goldman Sachs Group, Inc. $GS Shares Sold by Sei Investments Co.

Sei Investments Co. lowered its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 12.7% in the second quarter, HoldingsChannel reports. The institutional investor owned 136,302 shares of the investment management company’s stock after selling 19,825 shares during the period. Sei Investments Co.’s holdings in The Goldman Sachs Group were worth $96,477,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Kingstone Capital Partners Texas LLC increased its holdings in The Goldman Sachs Group by 617,504.5% during the 2nd 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 in the last quarter. Fisher Asset Management LLC grew its position in shares of The Goldman Sachs Group by 3.6% in the second quarter. Fisher Asset Management LLC now owns 6,539,746 shares of the investment management company’s stock valued at $4,628,507,000 after purchasing an additional 227,604 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of The Goldman Sachs Group by 4.9% during the 2nd 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 in the last quarter. Northern Trust Corp raised its position in shares of The Goldman Sachs Group by 1.2% during the 1st quarter. Northern Trust Corp now owns 3,332,804 shares of the investment management company’s stock worth $1,820,677,000 after purchasing an additional 40,125 shares during the last quarter. Finally, Norges Bank purchased a new stake in The Goldman Sachs Group in the 2nd quarter valued at approximately $2,138,031,000. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on GS shares. BNP Paribas Exane raised their price target on 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. Morgan Stanley dropped their price objective on The Goldman Sachs Group from $854.00 to $828.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 15th. Daiwa Capital Markets boosted their target price on shares of The Goldman Sachs Group from $756.00 to $810.00 and gave the company a “neutral” rating in a research note on Wednesday, October 8th. BMO Capital Markets assumed coverage on shares of The Goldman Sachs Group in a research note on Friday, October 3rd. They set a “market perform” rating and a $785.00 price target on the stock. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of The Goldman Sachs Group in a report on Monday, December 1st. Four equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $786.00.

The Goldman Sachs Group Stock Performance

NYSE GS opened at $910.93 on Friday. The business’s 50-day moving average price is $798.05 and its 200 day moving average price is $741.22. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 2.53. The Goldman Sachs Group, Inc. has a twelve month low of $439.38 and a twelve month high of $919.10. The company has a market capitalization of $273.22 billion, a PE ratio of 18.50, a price-to-earnings-growth ratio of 1.17 and a beta of 1.36.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Tuesday, October 14th. The investment management company reported $12.25 EPS for the quarter, beating the consensus estimate of $10.27 by $1.98. The company 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 firm’s revenue was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $8.40 EPS. On average, research 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 business 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 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 1.8%. The Goldman Sachs Group’s dividend payout ratio is 32.50%.

The Goldman Sachs Group Company 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.