Oregon Public Employees Retirement Fund Sells 300 Shares of The Goldman Sachs Group, Inc. $GS

Oregon Public Employees Retirement Fund lowered its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,530 shares of the investment management company’s stock after selling 300 shares during the period. Oregon Public Employees Retirement Fund’s holdings in The Goldman Sachs Group were worth $18,777,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Wealth Architects LLC bought a new position in shares of The Goldman Sachs Group during the second quarter valued at approximately $211,000. RoundAngle Advisors LLC lifted its holdings in The Goldman Sachs Group by 4.1% during the second quarter. RoundAngle Advisors LLC now owns 2,849 shares of the investment management company’s stock worth $2,016,000 after buying an additional 112 shares during the period. Sequoia Financial Advisors LLC boosted its position in The Goldman Sachs Group by 6.5% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 134,690 shares of the investment management company’s stock valued at $95,327,000 after acquiring an additional 8,243 shares in the last quarter. Vest Financial LLC increased its holdings in shares of The Goldman Sachs Group by 39.2% in the 2nd quarter. Vest Financial LLC now owns 4,338 shares of the investment management company’s stock valued at $3,070,000 after acquiring an additional 1,222 shares during the period. Finally, Lion Street Advisors LLC raised its position in shares of The Goldman Sachs Group by 8.4% in the 2nd quarter. Lion Street Advisors LLC now owns 1,094 shares of the investment management company’s stock worth $774,000 after acquiring an additional 85 shares in the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at The Goldman Sachs Group

In other news, EVP John F.W. Rogers sold 6,008 shares of the firm’s stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $717.39, for a total value of $4,310,079.12. Following the completion of the transaction, the executive vice president directly owned 65,761 shares in the company, valued at $47,176,283.79. This trade represents a 8.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Denis P. Coleman sold 7,463 shares of The Goldman Sachs Group stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $724.40, for a total value of $5,406,197.20. Following the sale, the chief financial officer directly owned 18,594 shares of the company’s stock, valued at $13,469,493.60. This trade represents a 28.64% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,323 shares of company stock worth $28,111,828. Insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Stock Down 1.9%

GS stock opened at $765.14 on Monday. The firm has a 50 day moving average of $760.79 and a 200 day moving average of $663.66. The stock has a market capitalization of $231.62 billion, a PE ratio of 16.86, a price-to-earnings-growth ratio of 1.44 and a beta of 1.42. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.57. The Goldman Sachs Group, Inc. has a 52 week low of $439.38 and a 52 week high of $825.25.

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

Analyst Ratings Changes

GS has been the topic of a number of recent research reports. UBS Group raised their price objective on The Goldman Sachs Group from $762.00 to $805.00 and gave the company a “neutral” rating in a research report on Tuesday, October 7th. Citizens Jmp reissued a “market perform” rating on shares of The Goldman Sachs Group in a research report on Monday, July 14th. JMP Securities reaffirmed a “market perform” rating and issued a $600.00 price objective on shares of The Goldman Sachs Group in a research report on Monday, July 14th. Wells Fargo & Company increased their target price 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. Finally, Citigroup raised their target price on shares of The Goldman Sachs Group from $550.00 to $700.00 and gave the company a “neutral” rating in a research note on Monday, July 21st. Five equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $746.69.

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.