Grandview Asset Management LLC Reduces Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Grandview Asset Management LLC lessened its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 10.8% in the third quarter, Holdings Channel.com reports. The firm owned 564 shares of the investment management company’s stock after selling 68 shares during the period. Grandview Asset Management LLC’s holdings in The Goldman Sachs Group were worth $279,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of GS. Semmax Financial Advisors Inc. bought a new position in The Goldman Sachs Group in the 2nd quarter worth approximately $26,000. POM Investment Strategies LLC purchased a new stake in shares of The Goldman Sachs Group during the second quarter worth $26,000. Headlands Technologies LLC bought a new position in shares of The Goldman Sachs Group in the second quarter worth $27,000. SJS Investment Consulting Inc. grew its position in shares of The Goldman Sachs Group by 103.3% in the second quarter. SJS Investment Consulting Inc. now owns 61 shares of the investment management company’s stock valued at $28,000 after purchasing an additional 31 shares in the last quarter. Finally, Quest Partners LLC raised its stake in shares of The Goldman Sachs Group by 6,300.0% during the 2nd quarter. Quest Partners LLC now owns 64 shares of the investment management company’s stock valued at $29,000 after purchasing an additional 63 shares during the period. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Insider Activity

In related news, Director Thomas K. Montag sold 10,000 shares of The Goldman Sachs Group stock in a transaction 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 transaction, the director now directly owns 12,450 shares of the company’s stock, valued at $6,287,748. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Thomas K. Montag sold 10,000 shares of the stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $505.04, for a total transaction of $5,050,400.00. Following the completion of the sale, the director now directly owns 12,450 shares in the company, valued at approximately $6,287,748. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Brian J. Lee sold 3,500 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 12,095 shares in the company, valued at approximately $6,119,949.05. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on GS. BMO Capital Markets raised their target price on The Goldman Sachs Group from $360.00 to $373.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 17th. Barclays boosted their price objective on shares of The Goldman Sachs Group from $493.00 to $565.00 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. Oppenheimer increased their target price on shares of The Goldman Sachs Group from $548.00 to $577.00 and gave the stock an “outperform” rating in a research note on Wednesday. Wells Fargo & Company boosted their price target on shares of The Goldman Sachs Group from $504.00 to $550.00 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. Finally, Seaport Res Ptn downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 2nd. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $497.56.

The Goldman Sachs Group Trading Up 1.9 %

NYSE:GS traded up $9.06 during trading hours on Friday, reaching $495.16. The company’s stock had a trading volume of 1,721,821 shares, compared to its average volume of 2,224,820. 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 firm has a market capitalization of $159.67 billion, a price-to-earnings ratio of 19.33, a PEG ratio of 0.78 and a beta of 1.36. The firm has a 50-day simple moving average of $492.29 and a 200-day simple moving average of $462.14. The Goldman Sachs Group, Inc. has a 1 year low of $289.36 and a 1 year high of $517.26.

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

The Goldman Sachs Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 30th were given a $3.00 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $12.00 annualized dividend and a yield of 2.42%. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $2.75. The Goldman Sachs Group’s payout ratio is presently 46.86%.

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.