Global Retirement Partners LLC Sells 115 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Global Retirement Partners LLC lessened its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 2.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,329 shares of the investment management company’s stock after selling 115 shares during the period. Global Retirement Partners LLC’s holdings in The Goldman Sachs Group were worth $2,638,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Semmax Financial Advisors Inc. bought a new stake in shares of The Goldman Sachs Group during the 2nd quarter worth approximately $26,000. POM Investment Strategies LLC acquired a new position in The Goldman Sachs Group during the second quarter worth $26,000. Headlands Technologies LLC bought a new stake in The Goldman Sachs Group during the second quarter worth $27,000. SJS Investment Consulting Inc. lifted its stake in 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 acquiring an additional 31 shares during the last quarter. Finally, Quest Partners LLC grew its position in shares of The Goldman Sachs Group by 6,300.0% in the 2nd quarter. Quest Partners LLC now owns 64 shares of the investment management company’s stock valued at $29,000 after acquiring an additional 63 shares during the period. 71.21% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GS. BMO Capital Markets upped their target price on shares of The Goldman Sachs Group from $360.00 to $373.00 and gave the company a “market perform” rating in a report on Wednesday, July 17th. Seaport Res Ptn lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 2nd. Royal Bank of Canada reiterated a “sector perform” rating and set a $500.00 target price on shares of The Goldman Sachs Group in a research note on Tuesday, July 30th. Wells Fargo & Company increased their price target on The Goldman Sachs Group from $504.00 to $550.00 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. Finally, Oppenheimer lifted their price objective on shares of The Goldman Sachs Group from $577.00 to $614.00 and gave the stock an “outperform” rating in a research report on Wednesday. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $524.69.

The Goldman Sachs Group Price Performance

NYSE:GS opened at $528.97 on Friday. The Goldman Sachs Group, Inc. has a 52 week low of $289.36 and a 52 week high of $540.51. 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’s 50-day simple moving average is $497.39 and its 200 day simple moving average is $468.25. The firm has a market cap of $170.57 billion, a price-to-earnings ratio of 20.65, a P/E/G ratio of 0.77 and a beta of 1.36.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Tuesday, October 15th. The investment management company reported $8.40 EPS for the quarter, topping the consensus estimate of $6.89 by $1.51. The company had revenue of $12.70 billion for the quarter, compared to analysts’ expectations of $11.77 billion. The Goldman Sachs Group had a net margin of 9.36% and a return on equity of 10.56%. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period last year, the firm earned $5.47 earnings per share. As a group, sell-side analysts predict that The Goldman Sachs Group, Inc. will post 35.52 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 2nd will be issued a $3.00 dividend. The ex-dividend date is Monday, December 2nd. This represents a $12.00 annualized dividend and a yield of 2.27%. The Goldman Sachs Group’s dividend payout ratio is presently 46.86%.

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.