The Goldman Sachs Group, Inc. $GS Stake Lessened by Voya Investment Management LLC

Voya Investment Management LLC lessened its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 35.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 231,210 shares of the investment management company’s stock after selling 129,402 shares during the quarter. Voya Investment Management LLC’s holdings in The Goldman Sachs Group were worth $183,224,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Dynamic Advisor Solutions LLC increased its position in shares of The Goldman Sachs Group by 27.8% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 4,925 shares of the investment management company’s stock valued at $3,922,000 after purchasing an additional 1,070 shares during the period. Embree Financial Group boosted its stake in The Goldman Sachs Group by 2.0% during the third quarter. Embree Financial Group now owns 1,494 shares of the investment management company’s stock valued at $1,190,000 after buying an additional 30 shares in the last quarter. Riversedge Advisors LLC grew its holdings in The Goldman Sachs Group by 29.3% during the third quarter. Riversedge Advisors LLC now owns 472 shares of the investment management company’s stock worth $376,000 after acquiring an additional 107 shares during the period. Sheets Smith Investment Management acquired a new position in The Goldman Sachs Group during the third quarter worth about $207,000. Finally, Talbot Financial LLC raised its position in The Goldman Sachs Group by 0.5% in the third quarter. Talbot Financial LLC now owns 47,616 shares of the investment management company’s stock worth $37,919,000 after acquiring an additional 252 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on GS. Wells Fargo & Company raised their price objective on shares of The Goldman Sachs Group from $785.00 to $855.00 and gave the company an “overweight” rating in a research report on Tuesday, September 16th. Weiss Ratings restated a “hold (c+)” rating on shares of The Goldman Sachs Group in a report on Monday. Daiwa Capital Markets lifted their price target on shares of The Goldman Sachs Group from $756.00 to $810.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft upped their price target on The Goldman Sachs Group from $725.00 to $790.00 and gave the company a “hold” rating in a report on Tuesday, September 30th. Finally, BNP Paribas Exane raised their price objective on The Goldman Sachs Group from $685.00 to $775.00 and gave the stock a “neutral” rating in a research note on Friday, October 17th. Four research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $792.67.

The Goldman Sachs Group Stock Up 0.5%

GS stock opened at $876.46 on Friday. The company has a debt-to-equity ratio of 2.53, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market capitalization of $262.88 billion, a P/E ratio of 17.80, a P/E/G ratio of 1.15 and a beta of 1.36. The Goldman Sachs Group, Inc. has a 52-week low of $439.38 and a 52-week high of $919.10. The company’s 50 day simple moving average is $807.53 and its 200-day simple moving average is $750.79.

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, topping the consensus estimate of $10.27 by $1.98. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 15.29%. The firm had revenue of $15.18 billion for the quarter, compared to analysts’ expectations of $13.68 billion. During the same period in the previous year, the company posted $8.40 EPS. The company’s quarterly revenue was up 19.5% compared to the same quarter last year. As a group, equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

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 given a dividend of $4.00 per share. This represents a $16.00 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Tuesday, December 2nd. The Goldman Sachs Group’s payout ratio 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.