Kentucky Retirement Systems Sells 1,267 Shares of The Goldman Sachs Group, Inc. $GS

Kentucky Retirement Systems decreased its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 6.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 19,337 shares of the investment management company’s stock after selling 1,267 shares during the period. Kentucky Retirement Systems’ holdings in The Goldman Sachs Group were worth $13,686,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GS. Dogwood Wealth Management LLC grew its holdings in The Goldman Sachs Group by 1,800.0% during the second quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company’s stock valued at $26,000 after purchasing an additional 36 shares during the last quarter. Clearstead Trust LLC acquired a new position in The Goldman Sachs Group in the 2nd quarter valued at $31,000. Graney & King LLC raised its holdings in The Goldman Sachs Group by 51.5% in the 2nd quarter. Graney & King LLC now owns 50 shares of the investment management company’s stock worth $35,000 after acquiring an additional 17 shares during the period. Ridgewood Investments LLC raised its holdings in The Goldman Sachs Group by 45.9% in 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 during the period. Finally, MeadowBrook Investment Advisors LLC acquired a new position in The Goldman Sachs Group during the 2nd quarter worth $39,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Performance

NYSE:GS opened at $887.90 on Friday. The Goldman Sachs Group, Inc. has a 12-month low of $439.38 and a 12-month high of $919.10. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 2.53. The firm has a market capitalization of $266.31 billion, a PE ratio of 18.04, a price-to-earnings-growth ratio of 1.17 and a beta of 1.36. The firm has a 50-day moving average price of $800.00 and a 200 day moving average price of $744.12.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Tuesday, October 14th. The investment management company reported $12.25 earnings per share for the quarter, beating analysts’ consensus estimates of $10.27 by $1.98. The Goldman Sachs Group had a return on equity of 15.29% and a net margin of 13.18%.The company had revenue of $15.18 billion for the quarter, compared to the consensus estimate of $13.68 billion. During the same period in the previous year, the business earned $8.40 earnings per share. The company’s quarterly revenue was up 19.5% on a year-over-year basis. Research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed 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 annualized dividend and a dividend yield of 1.8%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 32.50%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Rothschild & Co Redburn raised their price target on The Goldman Sachs Group from $608.00 to $748.00 and gave the company a “neutral” rating in a research report on Friday. UBS Group raised their price target on shares of The Goldman Sachs Group from $762.00 to $805.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 7th. Dbs Bank upped their price objective on shares of The Goldman Sachs Group from $800.00 to $890.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. Morgan Stanley reduced their target price on shares of The Goldman Sachs Group from $854.00 to $828.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 15th. Finally, Zacks Research lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 16th. Four equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, The Goldman Sachs Group presently has an average rating of “Hold” and a consensus price target of $787.06.

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.