The Goldman Sachs Group, Inc. $GS Stock Holdings Lessened by Ransom Advisory Ltd

Ransom Advisory Ltd trimmed its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,391 shares of the investment management company’s stock after selling 125 shares during the period. The Goldman Sachs Group makes up approximately 2.1% of Ransom Advisory Ltd’s holdings, making the stock its 8th biggest holding. Ransom Advisory Ltd’s holdings in The Goldman Sachs Group were worth $4,523,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Canada Pension Plan Investment Board raised its holdings in The Goldman Sachs Group by 28.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 524,296 shares of the investment management company’s stock valued at $286,418,000 after buying an additional 116,535 shares during the period. Clear Creek Financial Management LLC purchased a new stake in The Goldman Sachs Group during the 1st quarter valued at $321,000. Blueshift Asset Management LLC raised its holdings in The Goldman Sachs Group by 161.8% during the 1st quarter. Blueshift Asset Management LLC now owns 1,055 shares of the investment management company’s stock valued at $576,000 after buying an additional 652 shares during the period. Adams Diversified Equity Fund Inc. raised its holdings in The Goldman Sachs Group by 41.5% during the 1st quarter. Adams Diversified Equity Fund Inc. now owns 49,800 shares of the investment management company’s stock valued at $27,205,000 after buying an additional 14,600 shares during the period. Finally, Terra Nova Asset Management LLC purchased a new stake in The Goldman Sachs Group during the 1st quarter valued at $1,643,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock opened at $780.87 on Monday. The firm has a market cap of $236.38 billion, a P/E ratio of 17.21, a P/E/G ratio of 1.64 and a beta of 1.41. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.57. The Goldman Sachs Group, Inc. has a 12 month low of $439.38 and a 12 month high of $793.17. The stock’s fifty day moving average price is $728.85 and its 200-day moving average price is $631.75.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Wednesday, July 16th. The investment management company reported $10.91 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $14.58 billion for the quarter, compared to analyst estimates of $13.53 billion. During the same quarter last year, the firm posted $8.62 earnings per share. The business’s revenue for the quarter was up 14.5% on a year-over-year basis. On average, equities research analysts expect 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 business also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Shareholders 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 is Friday, August 29th. The Goldman Sachs Group’s payout ratio is presently 35.26%.

Insider Buying and Selling

In other The Goldman Sachs Group news, EVP John F.W. Rogers sold 6,008 shares of The Goldman Sachs Group 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 transaction, the executive vice president owned 65,761 shares in the company, valued at $47,176,283.79. The trade was a 8.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David M. Solomon sold 6,608 shares of The Goldman Sachs Group stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $712.31, for a total value of $4,706,944.48. Following the completion of the transaction, the chief executive officer owned 126,176 shares in the company, valued at $89,876,426.56. This trade represents a 4.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,323 shares of company stock worth $28,111,828 over the last ninety days. 0.55% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

GS has been the topic of several recent research reports. Evercore ISI set a $715.00 price target on The Goldman Sachs Group and gave the company an “outperform” rating in a report on Thursday, July 10th. HSBC reiterated a “reduce” rating and set a $627.00 target price (up from $558.00) on shares of The Goldman Sachs Group in a research report on Tuesday, July 8th. Citigroup lifted their target price on The Goldman Sachs Group from $550.00 to $700.00 and gave the stock a “neutral” rating in a research report on Monday, July 21st. Morgan Stanley lifted their target price on The Goldman Sachs Group from $680.00 to $715.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 17th. Finally, JMP Securities reiterated a “market perform” rating and set a $600.00 target price on shares of The Goldman Sachs Group in a research report on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $660.00.

About The Goldman Sachs Group

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.