New York State Teachers Retirement System Sells 17,084 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

New York State Teachers Retirement System reduced its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 5.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 291,780 shares of the investment management company’s stock after selling 17,084 shares during the period. New York State Teachers Retirement System’s holdings in The Goldman Sachs Group were worth $144,463,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. POM Investment Strategies LLC bought a new stake in shares of The Goldman Sachs Group in the second quarter worth about $26,000. Semmax Financial Advisors Inc. purchased a new stake in shares of The Goldman Sachs Group during the 2nd quarter worth approximately $26,000. Headlands Technologies LLC bought a new position in shares of The Goldman Sachs Group during the 2nd quarter valued at approximately $27,000. SJS Investment Consulting Inc. grew its holdings in shares of The Goldman Sachs Group by 103.3% in the second quarter. SJS Investment Consulting Inc. now owns 61 shares of the investment management company’s stock valued at $28,000 after purchasing an additional 31 shares in the last quarter. Finally, Quest Partners LLC increased its position in The Goldman Sachs Group by 6,300.0% in the second quarter. Quest Partners LLC now owns 64 shares of the investment management company’s stock worth $29,000 after purchasing an additional 63 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Citigroup boosted their price objective on The Goldman Sachs Group from $460.00 to $485.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 16th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $500.00 price target on shares of The Goldman Sachs Group in a research note on Tuesday, July 30th. Morgan Stanley increased their price objective on shares of The Goldman Sachs Group from $560.00 to $570.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Oppenheimer upped their target price on The Goldman Sachs Group from $577.00 to $614.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Finally, Wells Fargo & Company boosted their price objective on The Goldman Sachs Group from $504.00 to $550.00 and gave the company an “overweight” rating in a report on Tuesday, July 16th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $524.69.

Insider Activity

In other The Goldman Sachs Group news, insider Brian J. Lee sold 2,000 shares of the stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $530.90, for a total value of $1,061,800.00. Following the completion of the sale, the insider now directly owns 10,095 shares in the company, valued at approximately $5,359,435.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.57% of the company’s stock.

The Goldman Sachs Group Stock Up 0.9 %

The Goldman Sachs Group stock traded up $4.62 during midday trading on Wednesday, hitting $528.90. 154,541 shares of the company’s stock were exchanged, compared to its average volume of 2,189,136. The Goldman Sachs Group, Inc. has a 12 month low of $300.70 and a 12 month high of $540.51. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.72 and a current ratio of 1.11. The company has a market cap of $167.03 billion, a PE ratio of 15.39, a P/E/G ratio of 0.75 and a beta of 1.36. The firm has a 50-day moving average of $501.30 and a two-hundred day moving average of $475.59.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Tuesday, October 15th. The investment management company reported $8.40 EPS for the quarter, topping the consensus estimate of $6.89 by $1.51. The Goldman Sachs Group had a return on equity of 11.05% and a net margin of 9.89%. The firm had revenue of $12.70 billion during the quarter, compared to analyst estimates of $11.77 billion. During the same period in the previous year, the company posted $5.47 EPS. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, analysts expect that The Goldman Sachs Group, Inc. will post 37.14 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 2nd will be given a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date is Monday, December 2nd. The Goldman Sachs Group’s payout ratio is presently 35.21%.

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.