Teacher Retirement System of Texas Sells 5,396 Shares of The Goldman Sachs Group, Inc. $GS

Teacher Retirement System of Texas cut its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 6.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 80,789 shares of the investment management company’s stock after selling 5,396 shares during the period. Teacher Retirement System of Texas’ holdings in The Goldman Sachs Group were worth $57,178,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of GS. Kingstone Capital Partners Texas LLC boosted its holdings in The Goldman Sachs Group by 617,504.5% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 29,058,291 shares of the investment management company’s stock worth $20,566,005,000 after buying an additional 29,053,586 shares during the period. Nuveen LLC bought a new position in The Goldman Sachs Group in the 1st quarter valued at $897,185,000. Ninety One UK Ltd bought a new position in The Goldman Sachs Group in the 2nd quarter valued at $408,780,000. Cohen Investment Advisors LLC boosted its holdings in The Goldman Sachs Group by 5,559.2% in the 1st quarter. Cohen Investment Advisors LLC now owns 470,220 shares of the investment management company’s stock valued at $256,876,000 after purchasing an additional 461,911 shares during the period. Finally, Amundi boosted its holdings in The Goldman Sachs Group by 13.6% in the 1st quarter. Amundi now owns 1,891,260 shares of the investment management company’s stock valued at $967,193,000 after purchasing an additional 225,993 shares during the period. 71.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on GS. Wall Street Zen raised shares of The Goldman Sachs Group from a “sell” rating to a “hold” rating in a report on Saturday, July 12th. Citigroup raised their price target on shares of The Goldman Sachs Group from $700.00 to $765.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. Weiss Ratings reissued a “hold (c+)” rating on shares of The Goldman Sachs Group in a report on Saturday. Hsbc Global Res downgraded shares of The Goldman Sachs Group from a “hold” rating to a “moderate sell” rating in a report on Tuesday, July 8th. Finally, Citizens Jmp reissued a “market perform” rating on shares of The Goldman Sachs Group in a report on Monday, July 14th. Three investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $779.50.

Insider Buying and Selling

In related news, COO John E. Waldron sold 9,244 shares of The Goldman Sachs Group stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $750.11, for a total value of $6,934,016.84. Following the transaction, the chief operating officer owned 115,268 shares in the company, valued at $86,463,679.48. This trade represents a 7.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.55% of the stock is currently owned by insiders.

The Goldman Sachs Group Stock Performance

The Goldman Sachs Group stock opened at $784.09 on Monday. The firm’s fifty day moving average price is $767.57 and its 200-day moving average price is $681.50. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.67 and a current ratio of 1.11. The stock has a market cap of $237.36 billion, a P/E ratio of 15.93, a price-to-earnings-growth ratio of 1.43 and a beta of 1.42. The Goldman Sachs Group, Inc. has a fifty-two week low of $439.38 and a fifty-two week high of $825.25.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Tuesday, October 14th. The investment management company reported $12.25 earnings per share for the quarter, beating the consensus estimate of $10.27 by $1.98. The firm had revenue of $11.33 billion for the quarter, compared to analysts’ expectations of $13.68 billion. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 14.79%. The business’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter last year, the company posted $8.40 EPS. On average, equities research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 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 Tuesday, December 30th. Investors of record on Tuesday, December 2nd will be given a $4.00 dividend. This represents a $16.00 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Tuesday, December 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 32.50%.

About The Goldman Sachs Group

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.