Voya Investment Management LLC Sells 33,168 Shares of The Goldman Sachs Group, Inc. $GS

Voya Investment Management LLC lessened its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 7.2% during the first quarter, Holdings Channel reports. The fund owned 430,221 shares of the investment management company’s stock after selling 33,168 shares during the period. Voya Investment Management LLC’s holdings in The Goldman Sachs Group were worth $234,631,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. King Wealth Management Group raised its stake in The Goldman Sachs Group by 1.8% in the 1st quarter. King Wealth Management Group now owns 1,086 shares of the investment management company’s stock valued at $593,000 after acquiring an additional 19 shares during the period. Raab & Moskowitz Asset Management LLC raised its stake in The Goldman Sachs Group by 0.9% in the 1st quarter. Raab & Moskowitz Asset Management LLC now owns 2,020 shares of the investment management company’s stock valued at $1,104,000 after acquiring an additional 19 shares during the period. Wynn Capital LLC raised its stake in The Goldman Sachs Group by 0.3% in the 1st quarter. Wynn Capital LLC now owns 5,877 shares of the investment management company’s stock valued at $3,211,000 after acquiring an additional 20 shares during the period. 1900 Wealth Management LLC raised its stake in The Goldman Sachs Group by 2.6% in the 1st quarter. 1900 Wealth Management LLC now owns 777 shares of the investment management company’s stock valued at $425,000 after acquiring an additional 20 shares during the period. Finally, Register Financial Advisors LLC raised its stake in The Goldman Sachs Group by 2.5% in the 1st quarter. Register Financial Advisors LLC now owns 805 shares of the investment management company’s stock valued at $440,000 after acquiring an additional 20 shares during the period. Institutional investors own 71.21% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on GS. Citizens Jmp reiterated a “market perform” rating on shares of The Goldman Sachs Group in a research report on Monday, July 14th. Wall Street Zen upgraded The Goldman Sachs Group from a “sell” rating to a “hold” rating in a research report on Saturday, July 12th. HSBC reiterated a “reduce” rating and set a $627.00 price objective (up previously from $558.00) on shares of The Goldman Sachs Group in a research report on Tuesday, July 8th. Evercore ISI set a $715.00 price objective on The Goldman Sachs Group and gave the stock an “outperform” rating in a research report on Thursday, July 10th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of The Goldman Sachs Group in a research report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, The Goldman Sachs Group has an average rating of “Hold” and an average price target of $660.00.

The Goldman Sachs Group Stock Up 2.0%

Shares of NYSE GS opened at $785.23 on Friday. The company has a debt-to-equity ratio of 2.57, a quick ratio of 0.67 and a current ratio of 0.67. The Goldman Sachs Group, Inc. has a 52 week low of $439.38 and a 52 week high of $793.17. The stock has a market capitalization of $237.70 billion, a P/E ratio of 17.30, a PEG ratio of 1.61 and a beta of 1.41. The stock’s fifty day moving average is $727.73 and its 200 day moving average is $630.35.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Wednesday, July 16th. The investment management company reported $10.91 EPS for the quarter, topping analysts’ consensus estimates of $9.82 by $1.09. The Goldman Sachs Group had a return on equity of 14.32% and a net margin of 12.37%.The company had revenue of $14.58 billion for the quarter, compared to analysts’ expectations of $13.53 billion. During the same quarter last year, the business earned $8.62 earnings per share. The Goldman Sachs Group’s revenue was up 14.5% on a year-over-year basis. Sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, August 29th will be paid a $4.00 dividend. This represents a $16.00 annualized dividend and a yield of 2.0%. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $3.00. The ex-dividend date of this dividend is Friday, August 29th. The Goldman Sachs Group’s payout ratio is 35.26%.

Insiders Place Their Bets

In related news, EVP John F.W. Rogers sold 6,008 shares of the firm’s stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $717.39, for a total value of $4,310,079.12. Following the sale, the executive vice president directly owned 65,761 shares of the company’s stock, valued at $47,176,283.79. This trade represents a 8.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Denis P. Coleman sold 7,463 shares of the firm’s stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $724.40, for a total value of $5,406,197.20. Following the completion of the sale, the chief financial officer directly owned 18,594 shares in the company, valued at $13,469,493.60. This trade represents a 28.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,323 shares of company stock valued at $28,111,828. 0.55% of the stock is owned by corporate insiders.

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.