Blueshift Asset Management LLC Cuts Stake in The Goldman Sachs Group, Inc. $GS

Blueshift Asset Management LLC lowered its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 59.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 426 shares of the investment management company’s stock after selling 629 shares during the period. Blueshift Asset Management LLC’s holdings in The Goldman Sachs Group were worth $302,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC lifted its stake in shares of The Goldman Sachs Group by 617,504.5% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 29,058,291 shares of the investment management company’s stock valued at $20,566,005,000 after acquiring an additional 29,053,586 shares during the last quarter. Norges Bank purchased a new position in The Goldman Sachs Group in the 2nd quarter worth approximately $2,138,031,000. Nuveen LLC purchased a new position in The Goldman Sachs Group in the 1st quarter worth approximately $897,185,000. Ninety One UK Ltd bought a new stake in The Goldman Sachs Group in the second quarter valued at approximately $408,780,000. Finally, AGF Management Ltd. boosted its stake in shares of The Goldman Sachs Group by 2,429.6% during the second quarter. AGF Management Ltd. now owns 485,375 shares of the investment management company’s stock valued at $343,524,000 after purchasing an additional 466,187 shares during the period. 71.21% of the stock is owned by institutional investors.

The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock opened at $836.73 on Thursday. The Goldman Sachs Group, Inc. has a 12 month low of $439.38 and a 12 month high of $841.28. The firm has a market capitalization of $250.96 billion, a P/E ratio of 17.00, a P/E/G ratio of 1.07 and a beta of 1.36. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 2.53. The business has a fifty day simple moving average of $788.66 and a two-hundred day simple moving average of $730.83.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share for the quarter, topping analysts’ consensus estimates of $10.27 by $1.98. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 15.29%. The firm had revenue of $15.18 billion for the quarter, compared to the consensus estimate of $13.68 billion. During the same period in the prior year, the firm earned $8.40 EPS. The company’s revenue was up 19.5% compared to the same quarter last year. On average, equities analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 2nd will be paid a dividend of $4.00 per share. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a $16.00 dividend on an annualized basis and a dividend yield of 1.9%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 32.50%.

Analyst Upgrades and Downgrades

GS has been the topic of several analyst reports. Zacks Research downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 16th. Keefe, Bruyette & Woods raised their price target on shares of The Goldman Sachs Group from $850.00 to $870.00 and gave the stock a “market perform” rating in a report on Friday, October 17th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $750.00 price objective (up previously from $625.00) on shares of The Goldman Sachs Group in a research report on Tuesday, October 21st. Wells Fargo & Company upped their price objective on shares of The Goldman Sachs Group from $785.00 to $855.00 and gave the company an “overweight” rating in a research note on Tuesday, September 16th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of The Goldman Sachs Group in a research note on Monday. Four investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $786.00.

About The Goldman Sachs Group

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.