Nisa Investment Advisors LLC Has $66.29 Million Stock Position in The Goldman Sachs Group, Inc. $GS

Nisa Investment Advisors LLC reduced its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 93,666 shares of the investment management company’s stock after selling 1,281 shares during the period. Nisa Investment Advisors LLC’s holdings in The Goldman Sachs Group were worth $66,292,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Dogwood Wealth Management LLC raised its stake in The Goldman Sachs Group by 1,800.0% during the 2nd quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company’s stock valued at $26,000 after purchasing an additional 36 shares during the period. Clal Insurance Enterprises Holdings Ltd acquired a new stake in shares of The Goldman Sachs Group in the first quarter worth $25,000. American Capital Advisory LLC purchased a new position in shares of The Goldman Sachs Group during the first quarter valued at $29,000. Ridgewood Investments LLC raised its position in The Goldman Sachs Group by 45.9% during the second quarter. Ridgewood Investments LLC now owns 54 shares of the investment management company’s stock valued at $38,000 after buying an additional 17 shares during the period. Finally, Avion Wealth lifted its stake in The Goldman Sachs Group by 31.1% in the 2nd quarter. Avion Wealth now owns 59 shares of the investment management company’s stock worth $41,000 after acquiring an additional 14 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Trading Up 4.4%

GS stock opened at $784.09 on Friday. The business has a fifty day moving average of $767.57 and a 200-day moving average of $680.36. The company has a quick ratio of 0.67, a current ratio of 1.11 and a debt-to-equity ratio of 2.23. The company has a market cap of $237.36 billion, a P/E ratio of 15.93, a PEG ratio of 1.43 and a beta of 1.42. The Goldman Sachs Group, Inc. has a twelve month low of $439.38 and a twelve month high of $825.25.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.27 by $1.98. The company had revenue of $11.33 billion for the quarter, compared to the consensus estimate of $13.68 billion. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 14.79%. The company’s revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the company posted $8.40 EPS. As a group, equities research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd will be paid a $4.00 dividend. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a $16.00 dividend on an annualized basis and a dividend yield of 2.0%. The Goldman Sachs Group’s dividend payout ratio is 32.50%.

Analysts Set New Price Targets

GS has been the topic of several research analyst reports. UBS Group lifted their target price on The Goldman Sachs Group from $762.00 to $805.00 and gave the company a “neutral” rating in a research note on Tuesday, October 7th. Barclays upped their price objective on shares of The Goldman Sachs Group from $720.00 to $850.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Morgan Stanley cut their target price on shares of The Goldman Sachs Group from $854.00 to $828.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 15th. Hsbc Global Res lowered The Goldman Sachs Group from a “hold” rating to a “moderate sell” rating in a research report on Tuesday, July 8th. Finally, Royal Bank Of Canada reiterated a “neutral” rating and issued a $843.00 price objective on shares of The Goldman Sachs Group in a research report on Tuesday, October 14th. Three investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $779.50.

Insider Activity

In other news, COO John E. Waldron sold 9,244 shares of the firm’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $750.11, for a total value of $6,934,016.84. Following the transaction, the chief operating officer directly owned 115,268 shares in the company, valued at $86,463,679.48. This trade represents a 7.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.55% of the stock is owned by corporate insiders.

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.