Huntington National Bank lowered its stake in Goldman Sachs Group, Inc. (The) (NYSE:GS) by 10.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,356 shares of the investment management company’s stock after selling 3,447 shares during the period. Huntington National Bank’s holdings in Goldman Sachs Group, Inc. (The) were worth $6,736,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Parallel Advisors LLC boosted its stake in shares of Goldman Sachs Group, Inc. (The) by 10.7% in the first quarter. Parallel Advisors LLC now owns 558 shares of the investment management company’s stock worth $126,000 after buying an additional 54 shares during the period. YorkBridge Wealth Partners LLC boosted its stake in shares of Goldman Sachs Group, Inc. (The) by 0.3% in the first quarter. YorkBridge Wealth Partners LLC now owns 640 shares of the investment management company’s stock worth $144,000 after buying an additional 2 shares during the period. Franklin Parlapiano Turner & Welch LLC purchased a new stake in shares of Goldman Sachs Group, Inc. (The) during the first quarter worth about $161,000. Quadrant Capital Group LLC boosted its stake in shares of Goldman Sachs Group, Inc. (The) by 11.5% in the first quarter. Quadrant Capital Group LLC now owns 875 shares of the investment management company’s stock worth $192,000 after buying an additional 90 shares during the period. Finally, Cheviot Value Management LLC purchased a new stake in shares of Goldman Sachs Group, Inc. (The) during the first quarter worth about $203,000. Institutional investors own 74.66% of the company’s stock.
Goldman Sachs Group, Inc. (NYSE:GS) opened at 221.42 on Friday. Goldman Sachs Group, Inc. has a 52-week low of $157.77 and a 52-week high of $255.15. The firm has a 50-day moving average price of $225.65 and a 200 day moving average price of $229.40. The stock has a market capitalization of $85.96 billion, a price-to-earnings ratio of 11.61 and a beta of 1.42.
Goldman Sachs Group, Inc. (The) (NYSE:GS) last issued its quarterly earnings data on Tuesday, July 18th. The investment management company reported $3.95 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.39 by $0.56. The firm had revenue of $7.89 billion during the quarter, compared to analysts’ expectations of $7.47 billion. Goldman Sachs Group, Inc. (The) had a net margin of 26.44% and a return on equity of 11.27%. Goldman Sachs Group, Inc. (The)’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the prior year, the company posted $3.72 earnings per share. On average, equities research analysts predict that Goldman Sachs Group, Inc. will post $18.23 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, August 31st will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.35%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio is presently 15.74%.
A number of analysts recently issued reports on GS shares. Atlantic Securities raised Goldman Sachs Group, Inc. (The) from a “neutral” rating to an “overweight” rating and upped their target price for the company from $214.00 to $254.00 in a research report on Thursday, April 20th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $262.00 price objective (down from $266.00) on shares of Goldman Sachs Group, Inc. (The) in a research note on Friday, April 21st. Vetr downgraded Goldman Sachs Group, Inc. (The) from a “sell” rating to a “strong sell” rating and set a $191.87 price objective for the company. in a research note on Monday, April 24th. HSBC Holdings plc reaffirmed a “buy” rating and set a $275.00 price objective on shares of Goldman Sachs Group, Inc. (The) in a research note on Tuesday, April 25th. Finally, Keefe, Bruyette & Woods set a $260.00 target price on Goldman Sachs Group, Inc. (The) and gave the stock a “buy” rating in a research note on Saturday, May 6th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $235.44.
In other Goldman Sachs Group, Inc. (The) news, EVP John F.W. Rogers sold 17,685 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $235.02, for a total transaction of $4,156,328.70. Following the completion of the transaction, the executive vice president now owns 80,109 shares of the company’s stock, valued at approximately $18,827,217.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider David M. Solomon sold 3,260 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $231.59, for a total transaction of $754,983.40. Following the transaction, the insider now directly owns 177,594 shares of the company’s stock, valued at approximately $41,128,994.46. The disclosure for this sale can be found here. Insiders sold 25,535 shares of company stock valued at $5,956,868 over the last quarter. 2.57% of the stock is currently owned by corporate insiders.
Goldman Sachs Group, Inc. (The) Company Profile
The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.
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