Maj Invest Holding A S Sells 68,504 Shares of The Goldman Sachs Group, Inc. $GS

Maj Invest Holding A S lowered its holdings in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 45.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,200 shares of the investment management company’s stock after selling 68,504 shares during the quarter. The Goldman Sachs Group accounts for about 2.0% of Maj Invest Holding A S’s investment portfolio, making the stock its 19th biggest holding. Maj Invest Holding A S’s holdings in The Goldman Sachs Group were worth $58,175,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of GS. Klingman & Associates LLC increased its holdings in The Goldman Sachs Group by 8.6% in the 2nd quarter. Klingman & Associates LLC now owns 881 shares of the investment management company’s stock worth $623,000 after buying an additional 70 shares in the last quarter. Atlantic Edge Private Wealth Management LLC lifted its stake in The Goldman Sachs Group by 26.3% during the 2nd quarter. Atlantic Edge Private Wealth Management LLC now owns 505 shares of the investment management company’s stock valued at $357,000 after acquiring an additional 105 shares during the period. Phoenix Financial Ltd. boosted its holdings in shares of The Goldman Sachs Group by 258.3% during the 2nd quarter. Phoenix Financial Ltd. now owns 3,992 shares of the investment management company’s stock valued at $2,761,000 after acquiring an additional 2,878 shares during the last quarter. Avidian Wealth Enterprises LLC bought a new stake in shares of The Goldman Sachs Group in the second quarter worth approximately $239,000. Finally, WESPAC Advisors SoCal LLC raised its holdings in shares of The Goldman Sachs Group by 5.1% during the second quarter. WESPAC Advisors SoCal LLC now owns 6,191 shares of the investment management company’s stock valued at $4,382,000 after purchasing an additional 299 shares during the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, 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 transaction of $5,406,197.20. Following the completion of the sale, the chief financial officer owned 18,594 shares in the company, valued at approximately $13,469,493.60. This trade represents a 28.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John F.W. Rogers sold 6,008 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the executive vice president owned 65,761 shares of the company’s stock, valued at $47,176,283.79. The trade was a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,323 shares of company stock worth $28,111,828. 0.55% of the stock is currently owned by insiders.

Analysts Set New Price Targets

GS has been the topic of several research reports. Deutsche Bank Aktiengesellschaft raised their target price on shares of The Goldman Sachs Group from $725.00 to $790.00 and gave the stock a “hold” rating in a report on Tuesday, September 30th. Citizens Jmp restated a “market perform” rating on shares of The Goldman Sachs Group in a research note on Monday, July 14th. Wells Fargo & Company lifted their price objective on The Goldman Sachs Group from $785.00 to $855.00 and gave the stock an “overweight” rating in a report on Tuesday, September 16th. Morgan Stanley lowered their target price on The Goldman Sachs Group from $854.00 to $828.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 15th. Finally, BMO Capital Markets started coverage on The Goldman Sachs Group in a research report on Friday, October 3rd. They issued a “market perform” rating and a $785.00 target price on the stock. Four analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, The Goldman Sachs Group has a consensus rating of “Hold” and an average target price of $771.00.

View Our Latest Research Report on The Goldman Sachs Group

The Goldman Sachs Group Trading Up 1.6%

The Goldman Sachs Group stock opened at $763.11 on Tuesday. The Goldman Sachs Group, Inc. has a 12-month low of $439.38 and a 12-month high of $825.25. The firm has a market capitalization of $231.01 billion, a price-to-earnings ratio of 15.50, a P/E/G ratio of 1.39 and a beta of 1.42. The firm has a 50 day moving average of $766.13 and a 200 day moving average of $673.57. The company has a current ratio of 1.11, a quick ratio of 0.67 and a debt-to-equity ratio of 2.23.

The Goldman Sachs Group (NYSE:GSGet Free Report) last posted its quarterly earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share for the quarter, topping analysts’ consensus estimates of $10.27 by $1.98. The business had revenue of $11.33 billion during the quarter, compared to analyst estimates of $13.68 billion. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 14.79%. The company’s revenue was up 19.5% on a year-over-year basis. During the same period in the prior year, the business posted $8.40 earnings per share. As a group, research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd will be given a $4.00 dividend. This represents a $16.00 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Tuesday, December 2nd. The Goldman Sachs Group’s payout ratio is presently 32.50%.

The Goldman Sachs Group Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

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