The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Capital Management Corp VA

Capital Management Corp VA decreased its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 5.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 28,248 shares of the investment management company’s stock after selling 1,598 shares during the period. The Goldman Sachs Group comprises approximately 2.5% of Capital Management Corp VA’s holdings, making the stock its 14th largest position. Capital Management Corp VA’s holdings in The Goldman Sachs Group were worth $13,986,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Legal & General Group Plc raised its position in The Goldman Sachs Group by 2.9% in the second quarter. Legal & General Group Plc now owns 2,780,338 shares of the investment management company’s stock worth $1,257,602,000 after acquiring an additional 77,700 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in The Goldman Sachs Group by 3.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,117,311 shares of the investment management company’s stock valued at $957,684,000 after purchasing an additional 68,141 shares during the last quarter. Capital Wealth Planning LLC grew its position in The Goldman Sachs Group by 0.3% in the first quarter. Capital Wealth Planning LLC now owns 1,193,401 shares of the investment management company’s stock worth $498,472,000 after buying an additional 3,396 shares during the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of The Goldman Sachs Group by 34.8% in the second quarter. Canada Pension Plan Investment Board now owns 843,646 shares of the investment management company’s stock valued at $381,598,000 after buying an additional 217,954 shares in the last quarter. Finally, AMF Tjanstepension AB lifted its position in shares of The Goldman Sachs Group by 1,102.4% during the 2nd quarter. AMF Tjanstepension AB now owns 810,836 shares of the investment management company’s stock valued at $366,780,000 after acquiring an additional 743,402 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors.

The Goldman Sachs Group Stock Performance

NYSE:GS opened at $511.47 on Tuesday. The firm has a market capitalization of $161.52 billion, a PE ratio of 15.01, a price-to-earnings-growth ratio of 0.75 and a beta of 1.35. The company has a quick ratio of 0.72, a current ratio of 1.11 and a debt-to-equity ratio of 2.07. The Goldman Sachs Group, Inc. has a 12-month low of $319.66 and a 12-month high of $540.51. The firm has a 50-day moving average price of $502.52 and a 200 day moving average price of $478.89.

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

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 2nd will be issued a dividend of $3.00 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.35%. The Goldman Sachs Group’s payout ratio is presently 35.21%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on GS shares. Morgan Stanley boosted their target price on 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. BMO Capital Markets boosted their price objective on The Goldman Sachs Group from $360.00 to $373.00 and gave the stock a “market perform” rating in a report on Wednesday, July 17th. Keefe, Bruyette & Woods lifted their target price on shares of The Goldman Sachs Group from $555.00 to $570.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Oppenheimer boosted their price target on shares of The Goldman Sachs Group from $577.00 to $614.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $500.00 price target on shares of The Goldman Sachs Group in a research report on Tuesday, July 30th. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $524.69.

Insider Activity

In related news, insider Brian J. Lee sold 2,000 shares of the stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $530.90, for a total transaction of $1,061,800.00. Following the completion of the sale, the insider now owns 10,095 shares in the company, valued at $5,359,435.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.57% of the stock is owned by corporate insiders.

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.