The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by M&R Capital Management Inc.

M&R Capital Management Inc. trimmed its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 6.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 790 shares of the investment management company’s stock after selling 50 shares during the period. M&R Capital Management Inc.’s holdings in The Goldman Sachs Group were worth $255,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tower View Investment Management & Research LLC bought a new position in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $27,000. Elequin Securities LLC bought a new position in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $32,000. Pacific Center for Financial Services bought a new position in shares of The Goldman Sachs Group in the first quarter valued at approximately $33,000. Worth Asset Management LLC bought a new position in shares of The Goldman Sachs Group in the first quarter valued at approximately $33,000. Finally, NewSquare Capital LLC boosted its holdings in shares of The Goldman Sachs Group by 3,433.3% in the first quarter. NewSquare Capital LLC now owns 106 shares of the investment management company’s stock valued at $35,000 after acquiring an additional 103 shares in the last quarter. 69.06% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, major shareholder Goldman Sachs Group Inc sold 1,145,486 shares of The Goldman Sachs Group stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $11.73, for a total transaction of $13,436,550.78. Following the sale, the insider now directly owns 50,099,392 shares in the company, valued at approximately $587,665,868.16. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO David M. Solomon sold 4,200 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $356.28, for a total transaction of $1,496,376.00. Following the completion of the transaction, the chief executive officer now directly owns 124,782 shares of the company’s stock, valued at approximately $44,457,330.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Goldman Sachs Group Inc sold 1,145,486 shares of The Goldman Sachs Group stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $11.73, for a total transaction of $13,436,550.78. Following the transaction, the insider now directly owns 50,099,392 shares of the company’s stock, valued at $587,665,868.16. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,159,686 shares of company stock worth $18,390,027. Corporate insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

GS has been the subject of several recent analyst reports. BMO Capital Markets increased their price objective on shares of The Goldman Sachs Group from $407.00 to $411.00 and gave the company an “outperform” rating in a report on Thursday, July 20th. HSBC assumed coverage on shares of The Goldman Sachs Group in a research report on Thursday, September 7th. They issued a “buy” rating and a $403.00 price target for the company. Societe Generale downgraded shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating in a research report on Monday, July 10th. JPMorgan Chase & Co. reduced their price target on shares of The Goldman Sachs Group from $415.00 to $398.00 in a research report on Friday, July 7th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $450.00 target price on shares of The Goldman Sachs Group in a research report on Tuesday. Seven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $396.04.

The Goldman Sachs Group Stock Performance

NYSE GS traded up $4.52 during midday trading on Thursday, hitting $339.50. The company had a trading volume of 313,955 shares, compared to its average volume of 2,450,935. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 2.18. The stock has a market cap of $111.92 billion, a price-to-earnings ratio of 14.29, a P/E/G ratio of 1.25 and a beta of 1.40. The firm has a fifty day simple moving average of $334.50 and a two-hundred day simple moving average of $330.90. The Goldman Sachs Group, Inc. has a fifty-two week low of $287.75 and a fifty-two week high of $389.58.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Wednesday, July 19th. The investment management company reported $3.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.25 by ($0.17). The company had revenue of $10.90 billion during the quarter, compared to analyst estimates of $10.61 billion. The Goldman Sachs Group had a return on equity of 8.27% and a net margin of 9.74%. The business’s revenue for the quarter was down 8.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $7.73 earnings per share. Equities analysts forecast that The Goldman Sachs Group, Inc. will post 25.74 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, August 31st will be given a dividend of $2.75 per share. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $2.50. This represents a $11.00 annualized dividend and a dividend yield of 3.24%. The ex-dividend date of this dividend is Wednesday, August 30th. The Goldman Sachs Group’s payout ratio is 46.93%.

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 resale agreements.