Ameritas Investment Partners Inc. Has $2.05 Million Position in The Goldman Sachs Group, Inc. $GS

Ameritas Investment Partners Inc. cut its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 2.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,896 shares of the investment management company’s stock after selling 77 shares during the period. Ameritas Investment Partners Inc.’s holdings in The Goldman Sachs Group were worth $2,050,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC grew its position in shares of The Goldman Sachs Group by 17.1% during the 4th quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock worth $1,989,000 after buying an additional 508 shares during the period. Revolve Wealth Partners LLC lifted its position in shares of The Goldman Sachs Group by 7.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock valued at $508,000 after acquiring an additional 58 shares during the period. Prosperity Consulting Group LLC boosted its stake in The Goldman Sachs Group by 38.0% during the first quarter. Prosperity Consulting Group LLC now owns 1,412 shares of the investment management company’s stock worth $771,000 after acquiring an additional 389 shares in the last quarter. Evermay Wealth Management LLC boosted its stake in The Goldman Sachs Group by 88.5% during the first quarter. Evermay Wealth Management LLC now owns 213 shares of the investment management company’s stock worth $116,000 after acquiring an additional 100 shares in the last quarter. Finally, SLT Holdings LLC acquired a new stake in The Goldman Sachs Group in the first quarter worth $207,000. Institutional investors own 71.21% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on GS shares. Deutsche Bank Aktiengesellschaft upped their price objective on shares of The Goldman Sachs Group from $725.00 to $790.00 and gave the company a “hold” rating in a report on Tuesday, September 30th. HSBC boosted their target price on The Goldman Sachs Group from $652.00 to $677.00 in a research report on Thursday, October 2nd. Evercore ISI increased their price target on The Goldman Sachs Group from $752.00 to $830.00 and gave the stock an “outperform” rating in a report on Tuesday, September 30th. Barclays raised their price objective on The Goldman Sachs Group from $720.00 to $850.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Finally, Royal Bank Of Canada reaffirmed a “neutral” rating and set a $843.00 target price on shares of The Goldman Sachs Group in a research report on Tuesday, October 14th. Four research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $786.00.

The Goldman Sachs Group Stock Up 1.5%

GS stock opened at $802.75 on Wednesday. The firm has a market capitalization of $240.77 billion, a PE ratio of 16.31, a P/E/G ratio of 1.43 and a beta of 1.41. The company has a quick ratio of 0.67, a current ratio of 1.11 and a debt-to-equity ratio of 2.23. The Goldman Sachs Group, Inc. has a twelve month low of $439.38 and a twelve month high of $841.28. The stock’s 50 day moving average is $786.41 and its 200-day moving average is $722.75.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Tuesday, October 14th. The investment management company reported $12.25 EPS for the quarter, beating analysts’ consensus estimates of $10.27 by $1.98. The Goldman Sachs Group had a return on equity of 14.79% and a net margin of 13.18%.The business had revenue of $15.18 billion during the quarter, compared to analyst estimates of $13.68 billion. During the same period in the prior year, the firm posted $8.40 EPS. The Goldman Sachs Group’s quarterly revenue was up 19.5% compared to the same quarter last year. Sell-side analysts expect 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. Investors of record on Tuesday, December 2nd will be issued a dividend of $4.00 per share. The ex-dividend date is Tuesday, December 2nd. This represents a $16.00 annualized dividend and a yield of 2.0%. The Goldman Sachs Group’s payout ratio is 32.50%.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, COO John E. Waldron sold 9,000 shares of the stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $750.51, for a total value of $6,754,590.00. Following the completion of the sale, the chief operating officer owned 106,268 shares in the company, valued at approximately $79,755,196.68. This trade represents a 7.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.55% of the company’s stock.

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.