The Goldman Sachs Group, Inc. $GS Shares Sold by Dnca Finance

Dnca Finance reduced its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 26.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,000 shares of the investment management company’s stock after selling 8,500 shares during the period. The Goldman Sachs Group accounts for about 1.3% of Dnca Finance’s holdings, making the stock its 25th biggest position. Dnca Finance’s holdings in The Goldman Sachs Group were worth $16,986,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of GS. Kingstone Capital Partners Texas LLC grew its position 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 buying an additional 29,053,586 shares during the last quarter. Fisher Asset Management LLC boosted its stake in The Goldman Sachs Group by 3.6% in the second quarter. Fisher Asset Management LLC now owns 6,539,746 shares of the investment management company’s stock valued at $4,628,507,000 after acquiring an additional 227,604 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of The Goldman Sachs Group by 4.9% during the second quarter. Bank of New York Mellon Corp now owns 3,379,900 shares of the investment management company’s stock worth $2,392,124,000 after purchasing an additional 157,473 shares during the last quarter. Northern Trust Corp increased its position in shares of The Goldman Sachs Group by 1.2% during the first quarter. Northern Trust Corp now owns 3,332,804 shares of the investment management company’s stock worth $1,820,677,000 after purchasing an additional 40,125 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of The Goldman Sachs Group in the 2nd quarter valued at about $2,138,031,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Up 1.9%

Shares of The Goldman Sachs Group stock opened at $854.06 on Friday. The Goldman Sachs Group, Inc. has a one year low of $439.38 and a one year high of $856.20. The company has a market cap of $256.16 billion, a P/E ratio of 17.35, a PEG ratio of 1.13 and a beta of 1.36. The company has a debt-to-equity ratio of 2.53, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a fifty day moving average of $790.53 and a two-hundred day moving average of $734.14.

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

The Goldman Sachs Group Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on GS. Deutsche Bank Aktiengesellschaft raised their price target on The Goldman Sachs Group from $725.00 to $790.00 and gave the stock a “hold” rating in a research note on Tuesday, September 30th. Barclays lifted their target price on shares of The Goldman Sachs Group from $720.00 to $850.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $750.00 price target (up previously from $625.00) on shares of The Goldman Sachs Group in a research note on Tuesday, October 21st. Citigroup raised their price objective on shares of The Goldman Sachs Group from $700.00 to $765.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. Finally, BMO Capital Markets initiated coverage on shares of The Goldman Sachs Group in a report on Friday, October 3rd. They issued a “market perform” rating and a $785.00 target price for the company. Four equities research 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. Based on data from MarketBeat, The Goldman Sachs Group presently has an average rating of “Hold” and a consensus price target of $786.00.

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 financing under securities to resale agreements.