Crystal Rock Capital Management Has $6.49 Million Stock Holdings in The Goldman Sachs Group, Inc. $GS

Crystal Rock Capital Management reduced its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 9.8% in the 2nd quarter, Holdings Channel.com reports. The fund owned 9,170 shares of the investment management company’s stock after selling 1,000 shares during the period. The Goldman Sachs Group makes up approximately 3.7% of Crystal Rock Capital Management’s portfolio, making the stock its 10th largest position. Crystal Rock Capital Management’s holdings in The Goldman Sachs Group were worth $6,490,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Kingstone Capital Partners Texas LLC boosted its holdings in shares of The Goldman Sachs Group by 617,504.5% in the 2nd 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. Nuveen LLC acquired a new stake in shares of The Goldman Sachs Group in the 1st quarter valued at approximately $897,185,000. Ninety One UK Ltd acquired a new stake in shares of The Goldman Sachs Group in the 2nd quarter valued at approximately $408,780,000. Amundi boosted its holdings in shares of The Goldman Sachs Group by 13.6% in the 1st 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, Ameriprise Financial Inc. boosted its holdings in shares of The Goldman Sachs Group by 15.6% in the 1st quarter. Ameriprise Financial Inc. now owns 1,604,472 shares of the investment management company’s stock valued at $874,318,000 after buying an additional 216,556 shares during the last quarter. 71.21% of the stock is owned by institutional investors.

Insider Buying and Selling at The Goldman Sachs Group

In other news, COO John E. Waldron sold 9,000 shares of The Goldman Sachs Group stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $750.51, for a total transaction of $6,754,590.00. Following the completion of the sale, the chief operating officer owned 106,268 shares of the company’s stock, valued at approximately $79,755,196.68. This trade represents a 7.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Trading Down 0.1%

Shares of The Goldman Sachs Group stock opened at $789.50 on Friday. The business has a fifty day simple moving average of $773.85 and a two-hundred day simple moving average of $691.50. The Goldman Sachs Group, Inc. has a 1 year low of $439.38 and a 1 year high of $825.25. The company has a market capitalization of $239.00 billion, a price-to-earnings ratio of 16.04, a P/E/G ratio of 1.43 and a beta of 1.42. 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 (NYSE:GS) last announced its quarterly earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.27 by $1.98. The Goldman Sachs Group had a return on equity of 14.79% and a net margin of 13.18%.The business had revenue of $11.33 billion during the quarter, compared to the consensus estimate of $13.68 billion. During the same quarter last year, the firm posted $8.40 EPS. The company’s quarterly revenue was up 19.5% on a year-over-year basis. Research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd will be issued a dividend of $4.00 per share. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a $16.00 dividend on an annualized basis and a dividend yield of 2.0%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 32.50%.

Wall Street Analyst Weigh In

GS has been the subject of several recent analyst reports. BMO Capital Markets initiated coverage on The Goldman Sachs Group in a report on Friday, October 3rd. They issued a “market perform” rating and a $785.00 price objective for the company. Keefe, Bruyette & Woods increased their price objective on The Goldman Sachs Group from $850.00 to $870.00 and gave the company a “market perform” rating in a report on Friday, October 17th. Morgan Stanley cut their price objective on The Goldman Sachs Group from $854.00 to $828.00 and set an “equal weight” rating for the company in a report on Wednesday, October 15th. BNP Paribas Exane increased their price objective on The Goldman Sachs Group from $685.00 to $775.00 and gave the company a “neutral” rating in a report on Friday, October 17th. Finally, Hsbc Global Res downgraded The Goldman Sachs Group from a “hold” rating to a “moderate sell” rating in a report on Tuesday, July 8th. Three equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $779.50.

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.