Goldman Sachs Group Inc (NYSE:GS) Shares Sold by Duncker Streett & Co. Inc.

Duncker Streett & Co. Inc. cut its holdings in shares of Goldman Sachs Group Inc (NYSE:GS) by 3.1% in the 2nd quarter, Holdings Channel reports. The fund owned 9,616 shares of the investment management company’s stock after selling 309 shares during the period. Duncker Streett & Co. Inc.’s holdings in Goldman Sachs Group were worth $1,967,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC grew its stake in shares of Goldman Sachs Group by 10.6% during the fourth quarter. Geode Capital Management LLC now owns 4,291,537 shares of the investment management company’s stock valued at $715,573,000 after acquiring an additional 411,700 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Goldman Sachs Group by 8.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,112,048 shares of the investment management company’s stock worth $519,812,000 after purchasing an additional 247,616 shares in the last quarter. FMR LLC grew its stake in Goldman Sachs Group by 3.3% in the first quarter. FMR LLC now owns 2,202,807 shares of the investment management company’s stock worth $422,917,000 after purchasing an additional 71,365 shares in the last quarter. New York State Common Retirement Fund grew its stake in Goldman Sachs Group by 4.0% in the first quarter. New York State Common Retirement Fund now owns 1,085,735 shares of the investment management company’s stock worth $208,450,000 after purchasing an additional 42,200 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its stake in Goldman Sachs Group by 16.9% in the first quarter. Parametric Portfolio Associates LLC now owns 984,703 shares of the investment management company’s stock worth $189,053,000 after purchasing an additional 142,430 shares in the last quarter. Institutional investors own 68.49% of the company’s stock.

Shares of GS stock opened at $209.37 on Friday. The company has a debt-to-equity ratio of 2.43, a quick ratio of 0.86 and a current ratio of 0.85. The company has a 50 day moving average of $207.55. Goldman Sachs Group Inc has a 52 week low of $151.70 and a 52 week high of $245.08. The firm has a market capitalization of $77.41 billion, a P/E ratio of 8.29, a P/E/G ratio of 0.77 and a beta of 1.32.

Goldman Sachs Group (NYSE:GS) last issued its earnings results on Tuesday, July 16th. The investment management company reported $5.81 EPS for the quarter, beating the Zacks’ consensus estimate of $4.73 by $1.08. Goldman Sachs Group had a return on equity of 11.99% and a net margin of 22.09%. The company had revenue of $9.46 billion during the quarter, compared to the consensus estimate of $8.88 billion. During the same period in the previous year, the firm posted $5.98 earnings per share. Goldman Sachs Group’s quarterly revenue was up .6% compared to the same quarter last year. As a group, analysts anticipate that Goldman Sachs Group Inc will post 22.81 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 30th will be paid a $1.25 dividend. This is an increase from Goldman Sachs Group’s previous quarterly dividend of $0.85. This represents a $5.00 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date is Thursday, August 29th. Goldman Sachs Group’s payout ratio is presently 13.45%.

In other Goldman Sachs Group news, EVP Dane E. Holmes sold 3,165 shares of Goldman Sachs Group stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $212.15, for a total value of $671,454.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.41% of the company’s stock.

A number of research firms recently commented on GS. BMO Capital Markets lifted their price target on Goldman Sachs Group to $273.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 17th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $240.00 price target on shares of Goldman Sachs Group in a research note on Wednesday, July 17th. ValuEngine upgraded Goldman Sachs Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 1st. Morgan Stanley lifted their price target on Goldman Sachs Group from $207.00 to $218.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 16th. Finally, Royal Bank of Canada reiterated a “neutral” rating and issued a $220.00 price target on shares of Goldman Sachs Group in a research note on Tuesday, July 16th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the stock. Goldman Sachs Group has a consensus rating of “Hold” and a consensus price target of $240.92.

About Goldman Sachs Group

The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates in four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.

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Institutional Ownership by Quarter for Goldman Sachs Group (NYSE:GS)

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