The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by APG Asset Management N.V.

APG Asset Management N.V. cut its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 55.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 40,307 shares of the investment management company’s stock after selling 49,774 shares during the period. APG Asset Management N.V.’s holdings in The Goldman Sachs Group were worth $17,011,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Empowered Funds LLC lifted its stake in The Goldman Sachs Group by 62.7% during the 1st quarter. Empowered Funds LLC now owns 6,301 shares of the investment management company’s stock valued at $2,632,000 after acquiring an additional 2,428 shares during the period. Duality Advisers LP acquired a new position in The Goldman Sachs Group during the first quarter valued at $1,388,000. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in The Goldman Sachs Group by 34.2% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 8,256 shares of the investment management company’s stock valued at $3,448,000 after purchasing an additional 2,103 shares during the last quarter. Axxcess Wealth Management LLC grew its position in The Goldman Sachs Group by 25.5% during the 1st quarter. Axxcess Wealth Management LLC now owns 12,013 shares of the investment management company’s stock worth $5,018,000 after purchasing an additional 2,442 shares during the period. Finally, Fifth Third Wealth Advisors LLC purchased a new position in shares of The Goldman Sachs Group during the 1st quarter valued at about $1,357,000. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently commented on GS shares. Wolfe Research raised The Goldman Sachs Group to a “hold” rating in a report on Wednesday, September 18th. UBS Group raised their price objective on shares of The Goldman Sachs Group from $490.00 to $535.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. Oppenheimer boosted their target price on shares of The Goldman Sachs Group from $504.00 to $559.00 and gave the company an “outperform” rating in a research note on Tuesday, July 16th. Seaport Res Ptn lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 2nd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of The Goldman Sachs Group from $464.00 to $472.00 and gave the company an “overweight” rating in a report on Monday, September 9th. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $496.44.

The Goldman Sachs Group Stock Up 0.3 %

Shares of GS opened at $498.51 on Friday. The stock has a 50 day moving average price of $492.25 and a 200 day moving average price of $458.52. The Goldman Sachs Group, Inc. has a one year low of $289.36 and a one year high of $517.26. The company has a debt-to-equity ratio of 2.20, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a market capitalization of $160.75 billion, a price-to-earnings ratio of 19.47, a PEG ratio of 0.78 and a beta of 1.36.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Monday, July 15th. The investment management company reported $8.62 EPS for the quarter, beating analysts’ consensus estimates of $8.52 by $0.10. The business had revenue of $12.73 billion during the quarter, compared to analysts’ expectations of $12.60 billion. The Goldman Sachs Group had a net margin of 9.36% and a return on equity of 10.56%. Equities research analysts forecast that The Goldman Sachs Group, Inc. will post 35.43 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 30th were issued a dividend of $3.00 per share. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $2.75. This represents a $12.00 annualized dividend and a dividend yield of 2.41%. The ex-dividend date was Friday, August 30th. The Goldman Sachs Group’s payout ratio is currently 46.86%.

Insider Activity

In other The Goldman Sachs Group news, Director Thomas K. Montag sold 10,000 shares of the business’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $505.04, for a total transaction of $5,050,400.00. Following the transaction, the director now owns 12,450 shares of the company’s stock, valued at $6,287,748. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Brian J. Lee sold 3,500 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $505.99, for a total transaction of $1,770,965.00. Following the sale, the insider now owns 12,095 shares of the company’s stock, valued at approximately $6,119,949.05. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Thomas K. Montag sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $505.04, for a total value of $5,050,400.00. Following the completion of the transaction, the director now owns 12,450 shares in the company, valued at $6,287,748. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

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.