Baird Financial Group Inc. Sells 2,079 Shares of The Goldman Sachs Group, Inc. $GS

Baird Financial Group Inc. trimmed its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.8% in the second quarter, Holdings Channel reports. The fund owned 110,783 shares of the investment management company’s stock after selling 2,079 shares during the period. Baird Financial Group Inc.’s holdings in The Goldman Sachs Group were worth $78,407,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Winthrop Advisory Group LLC increased its stake in The Goldman Sachs Group by 3.4% during the 2nd quarter. Winthrop Advisory Group LLC now owns 429 shares of the investment management company’s stock worth $303,000 after purchasing an additional 14 shares in the last quarter. Avion Wealth lifted its stake in The Goldman Sachs Group by 31.1% in the second quarter. Avion Wealth now owns 59 shares of the investment management company’s stock valued at $41,000 after buying an additional 14 shares in the last quarter. KPP Advisory Services LLC boosted its holdings in shares of The Goldman Sachs Group by 2.1% in the second quarter. KPP Advisory Services LLC now owns 668 shares of the investment management company’s stock valued at $473,000 after buying an additional 14 shares during the period. Dumont & Blake Investment Advisors LLC boosted its holdings in shares of The Goldman Sachs Group by 0.7% in the second quarter. Dumont & Blake Investment Advisors LLC now owns 2,241 shares of the investment management company’s stock valued at $1,586,000 after buying an additional 15 shares during the period. Finally, WealthBridge Capital Management LLC increased its position in shares of The Goldman Sachs Group by 3.1% during the second quarter. WealthBridge Capital Management LLC now owns 495 shares of the investment management company’s stock worth $350,000 after acquiring an additional 15 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $750.00 price objective (up from $625.00) on shares of The Goldman Sachs Group in a research report on Tuesday, October 21st. Royal Bank Of Canada reissued a “neutral” rating and issued a $843.00 price target on shares of The Goldman Sachs Group in a research note on Tuesday, October 14th. BMO Capital Markets assumed coverage on The Goldman Sachs Group in a research report on Friday, October 3rd. They set a “market perform” rating and a $785.00 price objective for the company. Dbs Bank increased their price objective on The Goldman Sachs Group from $800.00 to $890.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of The Goldman Sachs Group in a research report on Monday. Four investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, The Goldman Sachs Group has a consensus rating of “Hold” and an average price target of $786.00.

The Goldman Sachs Group Stock Up 0.0%

GS stock opened at $836.97 on Friday. The company has a market cap of $251.03 billion, a price-to-earnings ratio of 17.00, a P/E/G ratio of 1.10 and a beta of 1.36. The Goldman Sachs Group, Inc. has a twelve month low of $439.38 and a twelve month high of $843.99. The business has a 50 day moving average price of $789.51 and a two-hundred day moving average price of $731.57. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 2.53.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Tuesday, October 14th. The investment management company reported $12.25 EPS for the quarter, beating the consensus estimate of $10.27 by $1.98. The Goldman Sachs Group had a return on equity of 15.29% and a net margin of 13.18%.The company had revenue of $15.18 billion during the quarter, compared to the consensus estimate of $13.68 billion. During the same quarter in the prior year, the firm posted $8.40 EPS. The firm’s revenue for the quarter was up 19.5% compared to the same quarter last year. Analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

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

The Goldman Sachs Group 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 financing under securities to resale agreements.