Louisbourg Investments Inc. Has $767,000 Stock Position in The Goldman Sachs Group, Inc. $GS

Louisbourg Investments Inc. reduced its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 67.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,084 shares of the investment management company’s stock after selling 2,220 shares during the quarter. Louisbourg Investments Inc.’s holdings in The Goldman Sachs Group were worth $767,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Trust Co. of Toledo NA OH grew its holdings in shares of The Goldman Sachs Group by 1.1% during the second quarter. Trust Co. of Toledo NA OH now owns 1,957 shares of the investment management company’s stock valued at $1,385,000 after buying an additional 21 shares during the last quarter. SLT Holdings LLC grew its holdings in shares of The Goldman Sachs Group by 279.2% during the second quarter. SLT Holdings LLC now owns 1,437 shares of the investment management company’s stock valued at $1,017,000 after buying an additional 1,058 shares during the last quarter. Zullo Investment Group Inc. grew its holdings in shares of The Goldman Sachs Group by 1.3% during the second quarter. Zullo Investment Group Inc. now owns 2,695 shares of the investment management company’s stock valued at $1,908,000 after buying an additional 35 shares during the last quarter. PDS Planning Inc grew its holdings in shares of The Goldman Sachs Group by 7.2% during the second quarter. PDS Planning Inc now owns 1,662 shares of the investment management company’s stock valued at $1,176,000 after buying an additional 112 shares during the last quarter. Finally, Endeavor Private Wealth Inc. acquired a new position in shares of The Goldman Sachs Group during the second quarter valued at about $211,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at The Goldman Sachs Group

In other news, COO John E. Waldron sold 9,000 shares of the business’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $750.51, for a total value of $6,754,590.00. Following the sale, the chief operating officer owned 106,268 shares of the company’s stock, 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 document filed with the SEC, which is available at the SEC website. Also, EVP John F.W. Rogers sold 6,008 shares of the business’s stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $717.39, for a total transaction of $4,310,079.12. Following the completion of the sale, the executive vice president directly owned 65,761 shares in the company, valued at approximately $47,176,283.79. This trade represents a 8.37% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,323 shares of company stock worth $28,111,828. 0.55% of the stock is currently owned by company insiders.

The Goldman Sachs Group Stock Performance

Shares of GS stock opened at $765.14 on Friday. The firm has a market cap of $231.62 billion, a price-to-earnings ratio of 16.86, a P/E/G ratio of 1.47 and a beta of 1.42. 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 52 week low of $439.38 and a 52 week high of $825.25. The firm’s 50-day simple moving average is $760.79 and its two-hundred day simple moving average is $662.32.

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

The Goldman Sachs Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Friday, August 29th were given a $4.00 dividend. This represents a $16.00 annualized dividend and a dividend yield of 2.1%. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $3.00. The ex-dividend date of this dividend was Friday, August 29th. The Goldman Sachs Group’s payout ratio is presently 35.26%.

Analysts Set New Price Targets

A number of brokerages have issued reports on GS. Wall Street Zen raised shares of The Goldman Sachs Group from a “sell” rating to a “hold” rating in a research report on Saturday, July 12th. Wells Fargo & Company lifted their target price on shares of The Goldman Sachs Group from $785.00 to $855.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 16th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of The Goldman Sachs Group from $725.00 to $790.00 and gave the stock a “hold” rating in a research report on Tuesday, September 30th. Weiss Ratings reissued a “hold (c+)” rating on shares of The Goldman Sachs Group in a research report on Wednesday. Finally, Citizens Jmp reissued a “market perform” rating on shares of The Goldman Sachs Group in a research report on Monday, July 14th. Five research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $727.31.

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.