Capitolis Liquid Global Markets LLC Trims Stock Position in The Goldman Sachs Group, Inc. $GS

Capitolis Liquid Global Markets LLC lessened its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 78.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 22,513 shares of the investment management company’s stock after selling 80,637 shares during the quarter. Capitolis Liquid Global Markets LLC’s holdings in The Goldman Sachs Group were worth $19,789,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Dagco Inc. purchased a new stake in shares of The Goldman Sachs Group during the 4th quarter valued at approximately $25,000. Manning & Napier Advisors LLC raised its position in shares of The Goldman Sachs Group by 287.5% during the 4th quarter. Manning & Napier Advisors LLC now owns 31 shares of the investment management company’s stock valued at $27,000 after buying an additional 23 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new stake in The Goldman Sachs Group in the 4th quarter valued at approximately $31,000. Cornerstone Financial Management LLC acquired a new stake in The Goldman Sachs Group in the 4th quarter valued at approximately $33,000. Finally, Entrust Financial LLC acquired a new stake in The Goldman Sachs Group in the 4th quarter valued at approximately $34,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Performance

NYSE:GS opened at $1,099.16 on Thursday. The company has a fifty day simple moving average of $970.74 and a two-hundred day simple moving average of $916.56. The company has a market cap of $324.26 billion, a price-to-earnings ratio of 20.09, a price-to-earnings-growth ratio of 1.41 and a beta of 1.30. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 2.89. The Goldman Sachs Group, Inc. has a 52 week low of $623.65 and a 52 week high of $1,121.94.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Monday, April 13th. The investment management company reported $17.55 EPS for the quarter, topping the consensus estimate of $15.92 by $1.63. The business had revenue of $17.23 billion during the quarter, compared to the consensus estimate of $16.66 billion. The Goldman Sachs Group had a net margin of 14.13% and a return on equity of 16.53%. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $14.12 earnings per share. As a group, equities analysts anticipate that The Goldman Sachs Group, Inc. will post 59.48 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 1st will be paid a dividend of $4.50 per share. The ex-dividend date is Monday, June 1st. This represents a $18.00 dividend on an annualized basis and a dividend yield of 1.6%. The Goldman Sachs Group’s payout ratio is presently 32.89%.

The Goldman Sachs Group News Summary

Here are the key news stories impacting The Goldman Sachs Group this week:

• Positive Sentiment: Goldman Sachs crossed $1 trillion in year-to-date M&A advisory volume, signaling unusually strong deal activity and supporting expectations for higher investment banking fees. Goldman Sachs shatters dealmaking records with $1 trillion in first-half M&A volume
• Positive Sentiment: Goldman was named lead underwriter for the high-profile SpaceX IPO, which could bring in additional underwriting and capital markets revenue while highlighting its franchise strength. Goldman Sachs (GS) Lands SpaceX IPO Lead As New Listings Come Back Into Focus
• Positive Sentiment: Additional coverage noted that the $1 trillion M&A mark and improved dealmaking trends could help Goldman’s advisory fee growth and support investor optimism around a broader capital markets rebound. GS Crosses $1T in M&A Deals: Catalyst for Advisory Fee Growth?
• Neutral Sentiment: Goldman Sachs also appeared in several unrelated political and market-news items, including congressional bill coverage and broader energy-market commentary, but those items are not direct drivers of GS shares.

Analyst Ratings Changes

Several analysts recently weighed in on GS shares. Citigroup lifted their target price on shares of The Goldman Sachs Group from $765.00 to $930.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Daiwa Securities Group lifted their target price on shares of The Goldman Sachs Group from $891.00 to $930.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. JPMorgan Chase & Co. lifted their target price on shares of The Goldman Sachs Group from $826.00 to $900.00 and gave the company a “neutral” rating in a report on Friday, June 12th. Morgan Stanley set a $900.00 target price on shares of The Goldman Sachs Group in a report on Friday, June 12th. Finally, Royal Bank Of Canada reiterated a “neutral” rating on shares of The Goldman Sachs Group in a report on Monday, April 13th. Nine analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $941.82.

Insider Activity

In related news, insider Alex S. Golten sold 1,116 shares of the business’s stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $936.18, for a total transaction of $1,044,776.88. Following the completion of the transaction, the insider owned 2,578 shares in the company, valued at approximately $2,413,472.04. The trade was a 30.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Sheara J. Fredman sold 10,301 shares of the business’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $929.17, for a total transaction of $9,571,380.17. Following the transaction, the chief accounting officer owned 6,338 shares of the company’s stock, valued at approximately $5,889,079.46. The trade was a 61.91% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 33,681 shares of company stock worth $31,737,875. 0.55% of the stock is currently owned by company insiders.

About The Goldman Sachs Group

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.