Hyman Charles D decreased its stake in shares of Goldman Sachs Group Inc (NYSE:GS) by 98.8% in the second quarter, Holdings Channel reports. The institutional investor owned 12,100 shares of the investment management company’s stock after selling 1,003,944 shares during the quarter. Hyman Charles D’s holdings in Goldman Sachs Group were worth $2,476,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its stake in Goldman Sachs Group by 8.6% during the 4th 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. Geode Capital Management LLC increased its stake in Goldman Sachs Group by 10.6% during the 4th quarter. Geode Capital Management LLC now owns 4,291,537 shares of the investment management company’s stock worth $715,573,000 after purchasing an additional 411,700 shares in the last quarter. Two Sigma Advisers LP bought a new stake in Goldman Sachs Group during the 4th quarter worth approximately $301,000. Altfest L J & Co. Inc. increased its stake in Goldman Sachs Group by 186.2% during the 1st quarter. Altfest L J & Co. Inc. now owns 6,047 shares of the investment management company’s stock worth $353,000 after purchasing an additional 3,934 shares in the last quarter. Finally, Triangle Securities Wealth Management increased its stake in Goldman Sachs Group by 4.6% during the 1st quarter. Triangle Securities Wealth Management now owns 7,402 shares of the investment management company’s stock worth $1,421,000 after purchasing an additional 323 shares in the last quarter. Institutional investors and hedge funds own 68.49% of the company’s stock.
In other news, EVP Dane E. Holmes sold 3,165 shares of the firm’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $212.15, for a total transaction of $671,454.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.41% of the stock is owned by company insiders.
Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Tuesday, July 16th. The investment management company reported $5.81 earnings per share for the quarter, topping the consensus estimate of $4.73 by $1.08. The company had revenue of $9.46 billion during the quarter, compared to analysts’ expectations of $8.88 billion. Goldman Sachs Group had a net margin of 22.09% and a return on equity of 11.99%. The business’s quarterly revenue was up .6% on a year-over-year basis. During the same period last year, the business earned $5.98 EPS. On average, equities research analysts anticipate that Goldman Sachs Group Inc will post 22.81 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be paid a dividend of $1.25 per share. This is a boost from Goldman Sachs Group’s previous quarterly dividend of $0.85. This represents a $5.00 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend is Thursday, August 29th. Goldman Sachs Group’s dividend payout ratio (DPR) is currently 13.45%.
GS has been the subject of a number of research reports. JPMorgan Chase & Co. reissued a “buy” rating and set a $240.00 target price on shares of Goldman Sachs Group in a research note on Wednesday, July 17th. BMO Capital Markets increased their target price on Goldman Sachs Group to $273.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 17th. Keefe, Bruyette & Woods raised Goldman Sachs Group from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $225.00 to $260.00 in a research note on Friday, July 26th. Deutsche Bank reissued a “buy” rating on shares of Goldman Sachs Group in a research note on Friday, June 28th. Finally, Royal Bank of Canada reaffirmed a “neutral” rating and set a $220.00 price target on shares of Goldman Sachs Group in a research note on Tuesday, July 16th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average 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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