The Goldman Sachs Group, Inc. $GS Position Lowered by New England Research & Management Inc.

New England Research & Management Inc. trimmed its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 15.3% during the second quarter, HoldingsChannel reports. The institutional investor owned 6,794 shares of the investment management company’s stock after selling 1,229 shares during the period. The Goldman Sachs Group accounts for approximately 2.3% of New England Research & Management Inc.’s portfolio, making the stock its 7th biggest position. New England Research & Management Inc.’s holdings in The Goldman Sachs Group were worth $4,808,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of GS. King Wealth Management Group lifted its stake in shares of The Goldman Sachs Group by 1.8% in the 1st quarter. King Wealth Management Group now owns 1,086 shares of the investment management company’s stock worth $593,000 after acquiring an additional 19 shares during the period. Raab & Moskowitz Asset Management LLC lifted its stake in shares of The Goldman Sachs Group by 0.9% in the first quarter. Raab & Moskowitz Asset Management LLC now owns 2,020 shares of the investment management company’s stock valued at $1,104,000 after purchasing an additional 19 shares during the period. Wynn Capital LLC lifted its stake in shares of The Goldman Sachs Group by 0.3% in the first quarter. Wynn Capital LLC now owns 5,877 shares of the investment management company’s stock valued at $3,211,000 after purchasing an additional 20 shares during the period. 1900 Wealth Management LLC lifted its stake in shares of The Goldman Sachs Group by 2.6% in the first quarter. 1900 Wealth Management LLC now owns 777 shares of the investment management company’s stock valued at $425,000 after purchasing an additional 20 shares during the period. Finally, World Equity Group Inc. lifted its stake in shares of The Goldman Sachs Group by 0.9% in the first quarter. World Equity Group Inc. now owns 2,330 shares of the investment management company’s stock valued at $1,273,000 after purchasing an additional 20 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, COO John E. Waldron sold 9,000 shares of The Goldman Sachs Group stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $750.51, for a total transaction of $6,754,590.00. Following the sale, the chief operating officer owned 106,268 shares in the company, valued at $79,755,196.68. The trade was a 7.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO David M. Solomon sold 6,608 shares of The Goldman Sachs Group stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $712.31, for a total transaction of $4,706,944.48. Following the sale, the chief executive officer owned 126,176 shares in the company, valued at $89,876,426.56. This represents a 4.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,323 shares of company stock worth $28,111,828 over the last three months. 0.55% of the stock is currently owned by corporate insiders.

The Goldman Sachs Group Price Performance

Shares of GS opened at $787.29 on Tuesday. The firm has a market cap of $238.33 billion, a PE ratio of 17.35, a PEG ratio of 1.64 and a beta of 1.41. The firm’s 50 day moving average price is $730.38 and its 200 day moving average price is $632.90. The company has a debt-to-equity ratio of 2.57, a quick ratio of 0.67 and a current ratio of 0.67. The Goldman Sachs Group, Inc. has a twelve month low of $439.38 and a twelve month high of $793.17.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Wednesday, July 16th. The investment management company reported $10.91 EPS for the quarter, beating analysts’ consensus estimates of $9.82 by $1.09. The Goldman Sachs Group had a net margin of 12.37% and a return on equity of 14.32%. The company had revenue of $14.58 billion for the quarter, compared to analyst estimates of $13.53 billion. During the same quarter last year, the firm posted $8.62 earnings per share. The company’s quarterly revenue was up 14.5% compared to the same quarter last year. As a group, research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Friday, August 29th will be paid a $4.00 dividend. The ex-dividend date is Friday, August 29th. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $3.00. This represents a $16.00 annualized dividend and a dividend yield of 2.0%. The Goldman Sachs Group’s dividend payout ratio is 35.26%.

Wall Street Analysts Forecast Growth

GS has been the subject of a number of research reports. Zacks Research upgraded shares of The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 15th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of The Goldman Sachs Group in a report on Thursday, July 10th. Citizens Jmp reiterated a “market perform” rating on shares of The Goldman Sachs Group in a report on Monday, July 14th. HSBC reiterated a “reduce” rating and set a $627.00 price target (up from $558.00) on shares of The Goldman Sachs Group in a report on Tuesday, July 8th. Finally, JMP Securities reiterated a “market perform” rating and set a $600.00 price target on shares of The Goldman Sachs Group in a report on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $660.00.

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 financing under securities to resale agreements.