Twin Lakes Capital Management LLC Trims Stock Position in The Goldman Sachs Group, Inc. $GS

Twin Lakes Capital Management LLC lessened its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 0.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 61,844 shares of the investment management company’s stock after selling 140 shares during the quarter. The Goldman Sachs Group accounts for approximately 21.4% of Twin Lakes Capital Management LLC’s portfolio, making the stock its largest holding. Twin Lakes Capital Management LLC’s holdings in The Goldman Sachs Group were worth $43,770,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC grew its stake in shares of The Goldman Sachs Group by 617,504.5% during the second quarter. Kingstone Capital Partners Texas LLC now owns 29,058,291 shares of the investment management company’s stock valued at $20,566,005,000 after buying an additional 29,053,586 shares during the last quarter. Northern Trust Corp grew its stake in shares of The Goldman Sachs Group by 1.2% during the first quarter. Northern Trust Corp now owns 3,332,804 shares of the investment management company’s stock valued at $1,820,677,000 after buying an additional 40,125 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of The Goldman Sachs Group by 6.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,084,108 shares of the investment management company’s stock valued at $1,138,527,000 after buying an additional 120,272 shares during the last quarter. Amundi grew its stake in shares of The Goldman Sachs Group by 13.6% during the first quarter. Amundi now owns 1,891,260 shares of the investment management company’s stock valued at $967,193,000 after buying an additional 225,993 shares during the last quarter. Finally, Nuveen LLC bought a new position in shares of The Goldman Sachs Group during the first quarter valued at about $897,185,000. Institutional investors own 71.21% of the company’s stock.

Insider Buying and Selling

In other The Goldman Sachs Group news, COO John E. Waldron sold 9,000 shares of the firm’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $750.51, for a total value of $6,754,590.00. Following the completion of the sale, the chief operating officer directly owned 106,268 shares in the company, valued at $79,755,196.68. This trade represents a 7.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.55% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GS. HSBC raised their price objective on The Goldman Sachs Group from $652.00 to $677.00 in a research note on Thursday, October 2nd. Hsbc Global Res cut The Goldman Sachs Group from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, July 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of The Goldman Sachs Group in a report on Saturday. Royal Bank Of Canada reiterated a “neutral” rating and set a $843.00 target price on shares of The Goldman Sachs Group in a report on Tuesday, October 14th. Finally, Citigroup increased their target price on shares of The Goldman Sachs Group from $700.00 to $765.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. Three equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $779.50.

The Goldman Sachs Group Stock Performance

Shares of GS opened at $784.09 on Monday. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.11 and a quick ratio of 0.67. The Goldman Sachs Group, Inc. has a one year low of $439.38 and a one year high of $825.25. The company has a 50-day simple moving average of $767.57 and a two-hundred day simple moving average of $681.50. The firm has a market capitalization of $237.36 billion, a PE ratio of 15.93, a price-to-earnings-growth ratio of 1.43 and a beta of 1.42.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Tuesday, October 14th. The investment management company reported $12.25 EPS for the quarter, topping the consensus estimate of $10.27 by $1.98. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 14.79%. The business had revenue of $11.33 billion during the quarter, compared to analyst estimates of $13.68 billion. During the same period last year, the business posted $8.40 earnings per share. The Goldman Sachs Group’s quarterly revenue was up 19.5% compared to the same quarter last year. On average, analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd will be issued a $4.00 dividend. The ex-dividend date is Tuesday, December 2nd. This represents a $16.00 annualized dividend and a yield of 2.0%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 32.50%.

The Goldman Sachs Group Company 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.