ProShare Advisors LLC Has $72.56 Million Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

ProShare Advisors LLC cut its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 5.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 224,957 shares of the investment management company’s stock after selling 12,929 shares during the quarter. ProShare Advisors LLC’s holdings in The Goldman Sachs Group were worth $72,558,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in GS. Hexagon Capital Partners LLC raised its stake in The Goldman Sachs Group by 3.9% during the 2nd quarter. Hexagon Capital Partners LLC now owns 747 shares of the investment management company’s stock valued at $241,000 after purchasing an additional 28 shares during the last quarter. Pettee Investors Inc. raised its stake in The Goldman Sachs Group by 1.5% during the 2nd quarter. Pettee Investors Inc. now owns 2,075 shares of the investment management company’s stock valued at $669,000 after purchasing an additional 30 shares during the last quarter. O ROURKE & COMPANY Inc raised its stake in The Goldman Sachs Group by 1.1% during the 2nd quarter. O ROURKE & COMPANY Inc now owns 2,870 shares of the investment management company’s stock valued at $926,000 after purchasing an additional 31 shares during the last quarter. Schear Investment Advisers LLC raised its stake in The Goldman Sachs Group by 1.1% during the 2nd quarter. Schear Investment Advisers LLC now owns 3,022 shares of the investment management company’s stock valued at $975,000 after purchasing an additional 32 shares during the last quarter. Finally, Cresset Asset Management LLC raised its stake in The Goldman Sachs Group by 0.4% during the 1st quarter. Cresset Asset Management LLC now owns 7,682 shares of the investment management company’s stock valued at $2,514,000 after purchasing an additional 34 shares during the last quarter. 69.06% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Up 0.7 %

Shares of NYSE GS opened at $339.19 on Monday. The firm’s 50-day simple moving average is $319.07 and its 200 day simple moving average is $326.66. The company has a market cap of $110.61 billion, a price-to-earnings ratio of 16.42, a price-to-earnings-growth ratio of 1.98 and a beta of 1.43. The company has a quick ratio of 0.77, a current 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 $389.44.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Tuesday, October 17th. The investment management company reported $5.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.42 by $0.05. The business had revenue of $11.82 billion for 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 firm’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $8.25 EPS. On average, research analysts expect 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, November 30th will be given 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 yield of 3.24%. The Goldman Sachs Group’s payout ratio is presently 53.24%.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, major shareholder Goldman Sachs Group Inc sold 72,874 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $0.71, for a total transaction of $51,740.54. Following the transaction, the insider now directly owns 397,954 shares in the company, valued at approximately $282,547.34. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on GS. UBS Group boosted their price target on shares of The Goldman Sachs Group from $385.00 to $400.00 and gave the company a “buy” rating in a report on Monday, July 24th. Morgan Stanley lowered their price target on shares of The Goldman Sachs Group from $347.00 to $329.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 3rd. Oppenheimer boosted their price target on shares of The Goldman Sachs Group from $447.00 to $468.00 and gave the company an “outperform” rating in a report on Thursday. Atlantic Securities raised shares of The Goldman Sachs Group from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $330.00 to $351.00 in a report on Tuesday, August 1st. Finally, Citigroup lowered their price target on shares of The Goldman Sachs Group from $400.00 to $380.00 and set a “neutral” rating on the stock in a report on Thursday, September 21st. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and an average target price of $393.76.

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 resale agreements.