F m Investments LLC Sells 1,533 Shares of The Goldman Sachs Group, Inc. $GS

F m Investments LLC cut its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 35.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,735 shares of the investment management company’s stock after selling 1,533 shares during the period. F m Investments LLC’s holdings in The Goldman Sachs Group were worth $1,936,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of GS. Clal Insurance Enterprises Holdings Ltd purchased a new stake in The Goldman Sachs Group during the 1st quarter valued at about $25,000. Dogwood Wealth Management LLC boosted its stake in shares of The Goldman Sachs Group by 1,800.0% during the second 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. Clearstead Trust LLC bought a new position in shares of The Goldman Sachs Group in the second quarter worth approximately $31,000. Ridgewood Investments LLC increased its stake in shares of The Goldman Sachs Group by 45.9% in the second quarter. Ridgewood Investments LLC now owns 54 shares of the investment management company’s stock worth $38,000 after buying an additional 17 shares during the period. Finally, MeadowBrook Investment Advisors LLC bought a new stake in The Goldman Sachs Group during the 2nd quarter valued at $39,000. 71.21% of the stock is owned by institutional investors.

The Goldman Sachs Group Stock Up 1.3%

Shares of The Goldman Sachs Group stock opened at $826.51 on Friday. The Goldman Sachs Group, Inc. has a 1 year low of $439.38 and a 1 year high of $841.28. The firm has a market cap of $247.89 billion, a price-to-earnings ratio of 16.79, a PEG ratio of 1.43 and a beta of 1.41. The company has a 50-day moving average of $787.51 and a 200 day moving average of $726.53. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.11 and a quick ratio of 0.67.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data 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 Goldman Sachs Group had a net margin of 13.18% and a return on equity of 14.79%. The business had revenue of $15.18 billion for the quarter, compared to analysts’ expectations of $13.68 billion. During the same quarter in the prior year, the company earned $8.40 earnings per share. The business’s revenue was up 19.5% compared to the same quarter last year. As a group, sell-side analysts anticipate 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 business also recently disclosed 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 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Tuesday, December 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is 32.50%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on GS. Zacks Research lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 16th. HSBC increased their target price on shares of The Goldman Sachs Group from $652.00 to $677.00 in a report on Thursday, October 2nd. Daiwa Capital Markets boosted their price target on The Goldman Sachs Group from $756.00 to $810.00 and gave the company a “neutral” rating in a report on Wednesday, October 8th. BNP Paribas Exane increased their price objective on The Goldman Sachs Group from $685.00 to $775.00 and gave the stock a “neutral” rating in a report on Friday, October 17th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on The Goldman Sachs Group from $725.00 to $790.00 and gave the company a “hold” rating in a research note on Tuesday, September 30th. Four equities 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $786.00.

The Goldman Sachs Group Company 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.