Public Employees Retirement Association of Colorado Has $11,756,000 Position in Goldman Sachs Group Inc. (GS)
Public Employees Retirement Association of Colorado decreased its position in shares of Goldman Sachs Group Inc. (NYSE:GS) by 9.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,121 shares of the investment management company’s stock after selling 8,367 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Goldman Sachs Group were worth $11,756,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Swift Run Capital Management LLC acquired a new stake in shares of Goldman Sachs Group during the second quarter valued at approximately $3,154,000. Gluskin Sheff & Assoc Inc. acquired a new stake in shares of Goldman Sachs Group during the second quarter valued at approximately $43,700,000. Whittier Trust Co. increased its stake in shares of Goldman Sachs Group by 2.0% in the second quarter. Whittier Trust Co. now owns 50,211 shares of the investment management company’s stock valued at $7,460,000 after buying an additional 981 shares in the last quarter. Diligent Investors LLC acquired a new stake in shares of Goldman Sachs Group during the second quarter valued at approximately $371,000. Finally, Huntington National Bank increased its stake in shares of Goldman Sachs Group by 21.1% in the second quarter. Huntington National Bank now owns 36,203 shares of the investment management company’s stock valued at $5,379,000 after buying an additional 6,305 shares in the last quarter. 70.77% of the stock is owned by institutional investors.
Goldman Sachs Group Inc. (NYSE:GS) traded up 1.85% on Friday, reaching $170.52. The company had a trading volume of 5,282,125 shares. The firm has a market capitalization of $72.71 billion, a P/E ratio of 16.16 and a beta of 1.61. Goldman Sachs Group Inc. has a 1-year low of $138.20 and a 1-year high of $199.90. The company’s 50-day moving average price is $166.78 and its 200 day moving average price is $159.69.
Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Tuesday, July 19th. The investment management company reported $3.72 EPS for the quarter, beating the consensus estimate of $3.00 by $0.72. Goldman Sachs Group had a net margin of 18.12% and a return on equity of 8.83%. The company had revenue of $7.93 billion for the quarter, compared to analyst estimates of $7.58 billion. During the same period in the prior year, the company earned $1.98 earnings per share. On average, equities analysts forecast that Goldman Sachs Group Inc. will post $14.25 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 29th. Shareholders of record on Thursday, September 1st were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 1.52%. The ex-dividend date was Tuesday, August 30th. Goldman Sachs Group’s payout ratio is 24.60%.
Several analysts have commented on the company. Barclays PLC reiterated an “equal weight” rating and set a $210.00 target price on shares of Goldman Sachs Group in a research note on Tuesday. Citigroup Inc. increased their target price on Goldman Sachs Group from $180.00 to $195.00 and gave the company a “buy” rating in a research note on Monday. Vetr upgraded Goldman Sachs Group from a “sell” rating to a “strong-buy” rating and set a $179.28 price target on the stock in a research note on Thursday, September 29th. Nomura restated a “buy” rating and issued a $197.00 price target on shares of Goldman Sachs Group in a research note on Thursday, September 29th. Finally, Zacks Investment Research downgraded Goldman Sachs Group from a “buy” rating to a “hold” rating in a research note on Monday, September 26th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Goldman Sachs Group currently has an average rating of “Hold” and an average price target of $179.91.
In other news, insider Sarah G. Smith sold 2,664 shares of the stock in a transaction dated Wednesday, August 31st. The shares were sold at an average price of $170.00, for a total transaction of $452,880.00. Following the sale, the insider now directly owns 13,075 shares of the company’s stock, valued at approximately $2,222,750. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Edith W. Cooper sold 14,000 shares of the stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $166.11, for a total transaction of $2,325,540.00. Following the sale, the executive vice president now directly owns 33,634 shares in the company, valued at $5,586,943.74. The disclosure for this sale can be found here. 2.61% of the stock is currently owned by company insiders.
About Goldman Sachs Group
The Goldman Sachs Group, Inc is a bank holding company and a financial holding company. The Company operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Company’s Investment Banking segment provides financial advisory services, which include advisory assignments with respect to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs and risk management.
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