The Goldman Sachs Group, Inc. $GS Shares Sold by Ieq Capital LLC

Ieq Capital LLC reduced its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 15.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 313,312 shares of the investment management company’s stock after selling 55,092 shares during the quarter. The Goldman Sachs Group makes up 1.4% of Ieq Capital LLC’s investment portfolio, making the stock its 13th biggest holding. Ieq Capital LLC owned about 0.10% of The Goldman Sachs Group worth $221,746,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Main Street Financial Solutions LLC increased its stake in The Goldman Sachs Group by 22.2% in the second quarter. Main Street Financial Solutions LLC now owns 2,150 shares of the investment management company’s stock valued at $1,522,000 after purchasing an additional 391 shares during the last quarter. FWL Investment Management LLC purchased a new stake in shares of The Goldman Sachs Group during the 2nd quarter worth approximately $662,000. Treasurer of the State of North Carolina boosted its holdings in shares of The Goldman Sachs Group by 3.0% in the 2nd quarter. Treasurer of the State of North Carolina now owns 142,237 shares of the investment management company’s stock valued at $100,668,000 after buying an additional 4,121 shares in the last quarter. Glenview Trust co grew its position in shares of The Goldman Sachs Group by 2.6% in the 2nd quarter. Glenview Trust co now owns 97,763 shares of the investment management company’s stock valued at $69,192,000 after buying an additional 2,517 shares during the last quarter. Finally, Sand Hill Global Advisors LLC acquired a new stake in The Goldman Sachs Group during the 2nd quarter worth $247,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

Wall Street Analyst Weigh In

GS has been the subject of several research analyst reports. HSBC upped their price objective on shares of The Goldman Sachs Group from $652.00 to $677.00 in a research note on Thursday, October 2nd. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $750.00 target price (up from $625.00) on shares of The Goldman Sachs Group in a research report on Tuesday, October 21st. Dbs Bank raised their price target on The Goldman Sachs Group from $800.00 to $890.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Royal Bank Of Canada reiterated a “neutral” rating and issued a $843.00 price objective on shares of The Goldman Sachs Group in a research note on Tuesday, October 14th. Finally, Wells Fargo & Company increased their price objective on The Goldman Sachs Group from $785.00 to $855.00 and gave the company an “overweight” rating in a report on Tuesday, September 16th. Four analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, The Goldman Sachs Group presently has a consensus rating of “Hold” and a consensus target price of $786.00.

The Goldman Sachs Group Trading Up 2.4%

Shares of GS stock opened at $910.93 on Friday. The company has a market capitalization of $273.22 billion, a P/E ratio of 18.50, a price-to-earnings-growth ratio of 1.17 and a beta of 1.36. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 2.53. The business’s 50 day moving average is $798.05 and its two-hundred day moving average is $741.22. The Goldman Sachs Group, Inc. has a twelve month low of $439.38 and a twelve month high of $919.10.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results 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 return on equity of 15.29% and a net margin of 13.18%.The firm had revenue of $15.18 billion during the quarter, compared to the consensus estimate of $13.68 billion. During the same period last year, the company earned $8.40 earnings per share. The company’s revenue for the quarter was up 19.5% on a year-over-year basis. Equities analysts forecast 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 issued a $4.00 dividend. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a $16.00 annualized dividend and a dividend yield of 1.8%. The Goldman Sachs Group’s payout ratio is presently 32.50%.

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.