Means Investment CO. Inc. Sells 74 Shares of The Goldman Sachs Group, Inc. $GS

Means Investment CO. Inc. decreased its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,989 shares of the investment management company’s stock after selling 74 shares during the period. Means Investment CO. Inc.’s holdings in The Goldman Sachs Group were worth $3,531,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the stock. Clal Insurance Enterprises Holdings Ltd bought a new position in The Goldman Sachs Group in the first quarter worth about $25,000. Dogwood Wealth Management LLC raised its holdings in The Goldman Sachs Group by 1,800.0% in the second quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company’s stock worth $26,000 after purchasing an additional 36 shares in the last quarter. American Capital Advisory LLC bought a new position in shares of The Goldman Sachs Group during the 1st quarter worth approximately $29,000. Cornerstone Planning Group LLC raised its stake in shares of The Goldman Sachs Group by 46.9% during the 1st quarter. Cornerstone Planning Group LLC now owns 72 shares of the investment management company’s stock worth $38,000 after acquiring an additional 23 shares in the last quarter. Finally, Ridgewood Investments LLC raised its stake in shares of The Goldman Sachs Group by 45.9% during the 2nd quarter. Ridgewood Investments LLC now owns 54 shares of the investment management company’s stock worth $38,000 after acquiring an additional 17 shares in the last quarter. 71.21% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on GS shares. HSBC boosted their price objective on shares of The Goldman Sachs Group from $652.00 to $677.00 in a research note on Thursday, October 2nd. Morgan Stanley upped their price target on The Goldman Sachs Group from $706.00 to $854.00 and gave the stock an “equal weight” rating in a research report on Monday, September 29th. Evercore ISI upped their target price on The Goldman Sachs Group from $752.00 to $830.00 and gave the company an “outperform” rating in a research report on Tuesday, September 30th. Citigroup upped their target price on The Goldman Sachs Group from $550.00 to $700.00 and gave the company a “neutral” rating in a research report on Monday, July 21st. Finally, Wall Street Zen raised The Goldman Sachs Group from a “sell” rating to a “hold” rating in a research report on Saturday, July 12th. Five research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $727.31.

Insider Buying and Selling

In other The Goldman Sachs Group news, EVP John F.W. Rogers sold 6,008 shares of the stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $717.39, for a total transaction of $4,310,079.12. Following the sale, the executive vice president directly owned 65,761 shares of the company’s stock, valued at approximately $47,176,283.79. This trade represents a 8.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Denis P. Coleman sold 7,463 shares of the stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $724.40, for a total value of $5,406,197.20. Following the sale, the chief financial officer directly owned 18,594 shares in the company, valued at $13,469,493.60. This represents a 28.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,323 shares of company stock valued at $28,111,828 over the last quarter. 0.55% of the stock is currently owned by company insiders.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS opened at $765.14 on Friday. The Goldman Sachs Group, Inc. has a twelve month low of $439.38 and a twelve month high of $825.25. The company’s 50 day moving average is $760.79 and its 200 day moving average is $662.94. 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 company has a market cap of $231.62 billion, a PE ratio of 16.86, a price-to-earnings-growth ratio of 1.44 and a beta of 1.42.

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

The Goldman Sachs Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Friday, August 29th were given a dividend of $4.00 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $16.00 annualized dividend and a yield of 2.1%. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $3.00. The Goldman Sachs Group’s payout ratio is 35.26%.

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.