The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by EULAV Asset Management

EULAV Asset Management cut its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 60.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,500 shares of the investment management company’s stock after selling 13,000 shares during the period. EULAV Asset Management’s holdings in The Goldman Sachs Group were worth $2,742,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in GS. Pacific Center for Financial Services acquired a new position in shares of The Goldman Sachs Group in the 1st quarter valued at $33,000. Worth Asset Management LLC acquired a new position in shares of The Goldman Sachs Group in the 1st quarter valued at $33,000. NewSquare Capital LLC increased its position in shares of The Goldman Sachs Group by 3,433.3% in the 1st 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 during the period. Blue Bell Private Wealth Management LLC increased its position in shares of The Goldman Sachs Group by 140.0% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 120 shares of the investment management company’s stock valued at $39,000 after acquiring an additional 70 shares during the period. Finally, Key Financial Inc grew its position in The Goldman Sachs Group by 119.0% during the 1st quarter. Key Financial Inc now owns 138 shares of the investment management company’s stock worth $45,000 after purchasing an additional 75 shares during the period. 69.06% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Up 3.6 %

GS stock opened at $338.81 on Wednesday. The company has a market cap of $110.49 billion, a price-to-earnings ratio of 16.40, a PEG ratio of 1.92 and a beta of 1.43. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.11. The Goldman Sachs Group, Inc. has a 12 month low of $289.36 and a 12 month high of $389.58. The firm has a 50-day moving average of $318.16 and a two-hundred day moving average of $326.58.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Tuesday, October 17th. The investment management company reported $5.47 EPS for the quarter, beating analysts’ consensus estimates of $5.42 by $0.05. The company had revenue of $11.82 billion during the quarter, compared to the consensus estimate of $11.15 billion. The Goldman Sachs Group had a net margin of 7.77% and a return on equity of 7.37%. The Goldman Sachs Group’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $8.25 EPS. As a group, analysts forecast that The Goldman Sachs Group, Inc. will post 22.98 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th will be issued a dividend of $2.75 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $11.00 dividend on an annualized basis and a dividend yield of 3.25%. The Goldman Sachs Group’s dividend payout ratio is currently 53.24%.

Insider Transactions at The Goldman Sachs Group

In related news, major shareholder Goldman Sachs Group Inc sold 72,874 shares of The Goldman Sachs Group stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $0.71, for a total value of $51,740.54. Following the completion of the sale, the insider now owns 397,954 shares in the company, valued at approximately $282,547.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on GS shares. JMP Securities reaffirmed a “market outperform” rating and set a $440.00 price target on shares of The Goldman Sachs Group in a research report on Wednesday, October 18th. HSBC initiated coverage on The Goldman Sachs Group in a research report on Thursday, September 7th. They set a “buy” rating and a $403.00 price target on the stock. Oppenheimer lowered their target price on shares of The Goldman Sachs Group from $450.00 to $447.00 and set an “outperform” rating on the stock in a research note on Thursday, October 19th. StockNews.com initiated coverage on shares of The Goldman Sachs Group in a research note on Thursday, October 5th. They set a “hold” rating on the stock. Finally, Citigroup lowered their target price on shares of The Goldman Sachs Group from $400.00 to $380.00 and set a “neutral” rating on the stock in a research note on Thursday, September 21st. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $392.60.

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.