Teachers Retirement System of The State of Kentucky Sells 1,036 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Teachers Retirement System of The State of Kentucky reduced its holdings in The Goldman Sachs Group, Inc. (NYSE:GSGet Rating) by 4.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,825 shares of the investment management company’s stock after selling 1,036 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in The Goldman Sachs Group were worth $7,865,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Joseph P. Lucia & Associates LLC bought a new position in The Goldman Sachs Group during the 1st quarter worth about $26,000. Nauset Wealth Management. LLC acquired a new stake in The Goldman Sachs Group in the 1st quarter valued at approximately $27,000. Orion Capital Management LLC lifted its stake in The Goldman Sachs Group by 690.9% in the 1st quarter. Orion Capital Management LLC now owns 87 shares of the investment management company’s stock valued at $29,000 after acquiring an additional 76 shares in the last quarter. Rise Advisors LLC acquired a new position in The Goldman Sachs Group during the 4th quarter worth approximately $38,000. Finally, Comprehensive Financial Consultants Institutional Inc. acquired a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $35,000. Institutional investors and hedge funds own 69.08% of the company’s stock.

Insider Buying and Selling at The Goldman Sachs Group

In related news, Director Goldman Sachs Group Inc sold 78,131 shares of the firm’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $27.01, for a total value of $2,110,318.31. Following the transaction, the director now owns 439,180 shares in the company, valued at $11,862,251.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Goldman Sachs Group Inc sold 78,131 shares of the company’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $27.01, for a total transaction of $2,110,318.31. Following the completion of the sale, the director now owns 439,180 shares of the company’s stock, valued at approximately $11,862,251.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Treasurer Philip R. Berlinski sold 8,000 shares of The Goldman Sachs Group stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $348.62, for a total transaction of $2,788,960.00. Following the completion of the transaction, the treasurer now directly owns 13,745 shares in the company, valued at $4,791,781.90. The disclosure for this sale can be found here. Insiders sold 793,689 shares of company stock valued at $23,413,742 in the last three months. Corporate insiders own 0.57% of the company’s stock.

The Goldman Sachs Group Stock Performance

Shares of NYSE GS opened at $326.21 on Friday. The Goldman Sachs Group, Inc. has a one year low of $277.84 and a one year high of $426.16. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a market cap of $111.36 billion, a price-to-earnings ratio of 7.38, a P/E/G ratio of 0.76 and a beta of 1.36. The stock’s fifty day moving average price is $330.35 and its two-hundred day moving average price is $321.04.

The Goldman Sachs Group (NYSE:GSGet Rating) last released its quarterly earnings results on Monday, July 18th. The investment management company reported $7.73 EPS for the quarter, topping analysts’ consensus estimates of $6.61 by $1.12. The Goldman Sachs Group had a net margin of 27.75% and a return on equity of 15.89%. The business had revenue of $11.86 billion for the quarter, compared to analyst estimates of $10.70 billion. During the same period last year, the firm earned $15.02 earnings per share. The Goldman Sachs Group’s revenue for the quarter was down 22.9% compared to the same quarter last year. On average, equities analysts forecast that The Goldman Sachs Group, Inc. will post 34.18 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a dividend, which was paid on Wednesday, August 10th. Shareholders of record on Tuesday, July 26th were paid a dividend of $2.50 per share. The ex-dividend date of this dividend was Monday, July 25th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 22.61%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Morgan Stanley reduced their target price on shares of The Goldman Sachs Group from $418.00 to $354.00 and set an “equal weight” rating for the company in a report on Tuesday, July 12th. Wells Fargo & Company dropped their target price on The Goldman Sachs Group from $420.00 to $380.00 and set an “overweight” rating on the stock in a report on Friday, July 1st. Deutsche Bank Aktiengesellschaft decreased their price target on The Goldman Sachs Group from $430.00 to $370.00 and set a “hold” rating for the company in a research note on Monday, September 12th. BMO Capital Markets decreased their target price on shares of The Goldman Sachs Group from $475.00 to $461.00 in a research note on Tuesday, July 19th. Finally, Royal Bank of Canada cut their price target on shares of The Goldman Sachs Group from $390.00 to $370.00 and set a “sector perform” rating for the company in a research note on Friday, July 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, The Goldman Sachs Group currently has an average rating of “Hold” and an average price target of $410.79.

The Goldman Sachs Group Profile

(Get Rating)

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 four segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management.

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

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