Commonwealth Equity Services LLC Sells 3,040 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Commonwealth Equity Services LLC trimmed its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 2.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 105,554 shares of the investment management company’s stock after selling 3,040 shares during the period. Commonwealth Equity Services LLC’s holdings in The Goldman Sachs Group were worth $34,046,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Hexagon Capital Partners LLC raised its position in The Goldman Sachs Group by 3.9% in the 2nd quarter. Hexagon Capital Partners LLC now owns 747 shares of the investment management company’s stock worth $241,000 after purchasing an additional 28 shares during the period. Pettee Investors Inc. lifted its stake in shares of The Goldman Sachs Group by 1.5% during the 2nd quarter. Pettee Investors Inc. now owns 2,075 shares of the investment management company’s stock worth $669,000 after acquiring an additional 30 shares during the last quarter. O ROURKE & COMPANY Inc boosted its holdings in The Goldman Sachs Group by 1.1% during the 2nd quarter. O ROURKE & COMPANY Inc now owns 2,870 shares of the investment management company’s stock valued at $926,000 after acquiring an additional 31 shares during the period. Schear Investment Advisers LLC grew its position in The Goldman Sachs Group by 1.1% in the 2nd quarter. Schear Investment Advisers LLC now owns 3,022 shares of the investment management company’s stock valued at $975,000 after acquiring an additional 32 shares during the last quarter. Finally, Cresset Asset Management LLC increased its stake in The Goldman Sachs Group by 0.4% in the first quarter. Cresset Asset Management LLC now owns 7,682 shares of the investment management company’s stock worth $2,514,000 after purchasing an additional 34 shares during the period. 69.06% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Stock Performance

Shares of GS opened at $339.19 on Monday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.11. The firm has a market cap of $110.61 billion, a PE ratio of 16.42, a P/E/G ratio of 1.98 and a beta of 1.43. The Goldman Sachs Group, Inc. has a 12 month low of $289.36 and a 12 month high of $389.44. The stock has a fifty day moving average price of $319.07 and a 200-day moving average price of $326.66.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Tuesday, October 17th. The investment management company reported $5.47 EPS for the quarter, beating analysts’ consensus estimates of $5.42 by $0.05. The Goldman Sachs Group had a return on equity of 7.37% and a net margin of 7.77%. The company had revenue of $11.82 billion during the quarter, compared to analysts’ expectations of $11.15 billion. During the same period last year, the business posted $8.25 earnings per share. The firm’s revenue was down 1.3% compared to the same quarter last year. Equities research analysts predict that The Goldman Sachs Group, Inc. will post 22.98 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th will be paid a dividend of $2.75 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $11.00 annualized dividend and a dividend yield of 3.24%. The Goldman Sachs Group’s payout ratio is currently 53.24%.

Insider Activity

In other The Goldman Sachs Group news, major shareholder Goldman Sachs Group Inc sold 72,874 shares of The Goldman Sachs Group stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $0.71, for a total transaction of $51,740.54. Following the completion of the sale, the insider now owns 397,954 shares of the company’s stock, valued at approximately $282,547.34. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

GS has been the topic of several recent analyst reports. StockNews.com began coverage on shares of The Goldman Sachs Group in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. UBS Group boosted their price target on The Goldman Sachs Group from $385.00 to $400.00 and gave the company a “buy” rating in a report on Monday, July 24th. Oppenheimer raised their price objective on The Goldman Sachs Group from $447.00 to $468.00 and gave the stock an “outperform” rating in a report on Thursday. HSBC initiated coverage on The Goldman Sachs Group in a report on Thursday, September 7th. They issued a “buy” rating and a $403.00 target price for the company. Finally, Atlantic Securities upgraded The Goldman Sachs Group from an “underweight” rating to a “neutral” rating and raised their price target for the company from $330.00 to $351.00 in a research note on Tuesday, August 1st. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $393.76.

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 resale agreements.