The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC cut its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 12.0% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 35,228 shares of the investment management company’s stock after selling 4,807 shares during the period. AQR Capital Management LLC’s holdings in The Goldman Sachs Group were worth $15,899,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. POM Investment Strategies LLC acquired a new position in The Goldman Sachs Group in the 2nd quarter valued at $26,000. Semmax Financial Advisors Inc. acquired a new stake in shares of The Goldman Sachs Group in the second quarter valued at about $26,000. Headlands Technologies LLC acquired a new stake in shares of The Goldman Sachs Group in the second quarter valued at about $27,000. Versant Capital Management Inc lifted its stake in shares of The Goldman Sachs Group by 106.3% in the first quarter. Versant Capital Management Inc now owns 66 shares of the investment management company’s stock worth $28,000 after buying an additional 34 shares in the last quarter. Finally, SJS Investment Consulting Inc. grew its stake in The Goldman Sachs Group by 103.3% during the 2nd quarter. SJS Investment Consulting Inc. now owns 61 shares of the investment management company’s stock valued at $28,000 after acquiring an additional 31 shares in the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Stock Down 0.9 %

Shares of NYSE GS opened at $490.41 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.20. The business’s 50 day moving average is $492.37 and its two-hundred day moving average is $460.46. The Goldman Sachs Group, Inc. has a 52-week low of $289.36 and a 52-week high of $517.26. The firm has a market cap of $158.14 billion, a price-to-earnings ratio of 19.15, a PEG ratio of 0.78 and a beta of 1.36.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Monday, July 15th. The investment management company reported $8.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.52 by $0.10. The Goldman Sachs Group had a return on equity of 10.56% and a net margin of 9.36%. The firm had revenue of $12.73 billion for the quarter, compared to the consensus estimate of $12.60 billion. Research analysts predict that The Goldman Sachs Group, Inc. will post 35.43 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 30th were given a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 2.45%. The ex-dividend date was Friday, August 30th. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $2.75. The Goldman Sachs Group’s dividend payout ratio is currently 46.86%.

Insider Activity

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

Analyst Ratings Changes

GS has been the topic of a number of research reports. JPMorgan Chase & Co. raised their target price on shares of The Goldman Sachs Group from $464.00 to $472.00 and gave the stock an “overweight” rating in a research note on Monday, September 9th. Evercore ISI lifted their price objective on The Goldman Sachs Group from $475.00 to $520.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 16th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $500.00 target price on shares of The Goldman Sachs Group in a research note on Tuesday, July 30th. Wolfe Research raised shares of The Goldman Sachs Group to a “hold” rating in a research report on Wednesday, September 18th. Finally, Citigroup upped their price objective on shares of The Goldman Sachs Group from $460.00 to $485.00 and gave the company a “neutral” rating in a report on Tuesday, July 16th. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $496.44.

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.