Strs Ohio Sells 26,400 Shares of The Goldman Sachs Group, Inc. $GS

Strs Ohio trimmed its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 13.6% in the second quarter, according to its most recent filing with the SEC. The firm owned 168,316 shares of the investment management company’s stock after selling 26,400 shares during the period. The Goldman Sachs Group makes up about 0.4% of Strs Ohio’s investment portfolio, making the stock its 28th biggest position. Strs Ohio owned 0.05% of The Goldman Sachs Group worth $119,126,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GS. Brighton Jones LLC lifted its holdings in shares of The Goldman Sachs Group by 17.1% during the 4th quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock worth $1,989,000 after acquiring an additional 508 shares during the period. Revolve Wealth Partners LLC boosted its position in The Goldman Sachs Group by 7.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock valued at $508,000 after buying an additional 58 shares in the last quarter. Koshinski Asset Management Inc. boosted its position in The Goldman Sachs Group by 14.4% in the first quarter. Koshinski Asset Management Inc. now owns 1,260 shares of the investment management company’s stock valued at $688,000 after buying an additional 159 shares in the last quarter. Mather Group LLC. boosted its position in The Goldman Sachs Group by 7.8% in the first quarter. Mather Group LLC. now owns 1,296 shares of the investment management company’s stock valued at $708,000 after buying an additional 94 shares in the last quarter. Finally, Vontobel Holding Ltd. boosted its position in The Goldman Sachs Group by 35.6% in the first quarter. Vontobel Holding Ltd. now owns 37,869 shares of the investment management company’s stock valued at $20,687,000 after buying an additional 9,934 shares in the last quarter. 71.21% of the stock is owned by institutional investors.

The Goldman Sachs Group Trading Down 1.2%

Shares of NYSE GS opened at $782.59 on Thursday. The company has a current ratio of 1.11, a quick ratio of 0.67 and a debt-to-equity ratio of 2.23. The company has a market cap of $236.90 billion, a PE ratio of 15.90, a P/E/G ratio of 1.45 and a beta of 1.42. The company has a 50-day moving average of $771.43 and a two-hundred day moving average of $687.54. The Goldman Sachs Group, Inc. has a 1-year low of $439.38 and a 1-year high of $825.25.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share for the quarter, topping analysts’ consensus estimates of $10.27 by $1.98. The business had revenue of $11.33 billion during 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 Goldman Sachs Group’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $8.40 earnings per share. As a group, equities analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have commented on GS shares. BNP Paribas Exane boosted their price target on shares of The Goldman Sachs Group from $685.00 to $775.00 and gave the company a “neutral” rating in a research report on Friday, October 17th. Barclays boosted their price target on shares of The Goldman Sachs Group from $720.00 to $850.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. Zacks Research lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 16th. Citizens Jmp restated a “market perform” rating on shares of The Goldman Sachs Group in a research report on Monday, July 14th. Finally, BMO Capital Markets began coverage on shares of The Goldman Sachs Group in a research report on Friday, October 3rd. They issued a “market perform” rating and a $785.00 price target on the stock. Three research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $779.50.

Insider Buying and Selling at The Goldman Sachs Group

In related 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 transaction of $6,754,590.00. Following the completion of the sale, the chief operating officer directly 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 filing with the SEC, which is available at this link. 0.55% of the stock is currently owned by company 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.