The Goldman Sachs Group, Inc. $GS is North Point Portfolio Managers Corp OH’s 7th Largest Position

North Point Portfolio Managers Corp OH cut its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,185 shares of the investment management company’s stock after selling 393 shares during the quarter. The Goldman Sachs Group makes up 3.4% of North Point Portfolio Managers Corp OH’s investment portfolio, making the stock its 7th largest position. North Point Portfolio Managers Corp OH’s holdings in The Goldman Sachs Group were worth $19,948,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of GS. Brighton Jones LLC boosted its position in shares of The Goldman Sachs Group by 17.1% in the fourth 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 last quarter. Revolve Wealth Partners LLC boosted its position in shares of 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 worth $508,000 after acquiring an additional 58 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of The Goldman Sachs Group by 17.1% in the first quarter. GAMMA Investing LLC now owns 7,279 shares of the investment management company’s stock worth $3,977,000 after acquiring an additional 1,062 shares during the last quarter. Advisor Resource Council acquired a new stake in shares of The Goldman Sachs Group in the first quarter worth approximately $290,000. Finally, Inlight Wealth Management LLC acquired a new stake in shares of The Goldman Sachs Group in the first quarter worth approximately $95,000. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Trading Down 1.0%

Shares of GS stock opened at $750.71 on Monday. The firm’s 50 day moving average price is $765.25 and its two-hundred day moving average price is $671.52. The Goldman Sachs Group, Inc. has a fifty-two week low of $439.38 and a fifty-two week high of $825.25. The company has a quick ratio of 0.67, a current ratio of 1.11 and a debt-to-equity ratio of 2.23. The stock has a market cap of $227.25 billion, a price-to-earnings ratio of 15.25, a price-to-earnings-growth ratio of 1.39 and a beta of 1.42.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Tuesday, October 14th. The investment management company reported $12.25 EPS 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 $11.33 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 earnings per share. The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. On average, analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders 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 dividend yield of 2.1%. The ex-dividend date of this dividend is Tuesday, December 2nd. The Goldman Sachs Group’s payout ratio is presently 32.50%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. BNP Paribas Exane raised their target price on shares of The Goldman Sachs Group from $685.00 to $775.00 and gave the stock a “neutral” rating in a research report on Friday. Royal Bank Of Canada reissued a “neutral” rating and issued a $843.00 target price on shares of The Goldman Sachs Group in a research report on Tuesday, October 14th. Morgan Stanley reduced their price target on shares of The Goldman Sachs Group from $854.00 to $828.00 and set an “equal weight” rating on the stock in a research report on Wednesday. HSBC lifted their price target on shares of The Goldman Sachs Group from $652.00 to $677.00 in a research report on Thursday, October 2nd. Finally, Keefe, Bruyette & Woods lifted their price target on shares of The Goldman Sachs Group from $850.00 to $870.00 and gave the company a “market perform” rating in a research report on Friday. Four analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of “Hold” and an average price target of $771.00.

Insider Activity

In other news, COO John E. Waldron sold 9,244 shares of the business’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $750.11, for a total transaction of $6,934,016.84. Following the transaction, the chief operating officer directly owned 115,268 shares of the company’s stock, valued at approximately $86,463,679.48. The trade was a 7.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO David M. Solomon sold 6,608 shares of the business’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $712.31, for a total transaction of $4,706,944.48. Following the transaction, the chief executive officer directly owned 126,176 shares in the company, valued at approximately $89,876,426.56. The trade was a 4.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 38,323 shares of company stock valued at $28,111,828. 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.