Boston Partners Trims Stock Holdings in The Goldman Sachs Group, Inc. $GS

Boston Partners lessened its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 4.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 950,587 shares of the investment management company’s stock after selling 43,119 shares during the quarter. Boston Partners owned 0.31% of The Goldman Sachs Group worth $673,127,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in GS. Kingstone Capital Partners Texas LLC raised its holdings in The Goldman Sachs Group by 617,504.5% in the second 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 in the last quarter. Bank of New York Mellon Corp boosted its holdings in The Goldman Sachs Group by 4.9% in 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 period. Northern Trust Corp increased its stake in 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 valued at $1,820,677,000 after purchasing an additional 40,125 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in The Goldman Sachs Group by 6.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,084,108 shares of the investment management company’s stock valued at $1,138,527,000 after purchasing an additional 120,272 shares during the last quarter. Finally, Amundi raised its holdings in shares of The Goldman Sachs Group by 13.6% during the first quarter. Amundi now owns 1,891,260 shares of the investment management company’s stock worth $967,193,000 after purchasing an additional 225,993 shares during the period. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Performance

Shares of GS stock opened at $802.75 on Wednesday. The Goldman Sachs Group, Inc. has a 12-month low of $439.38 and a 12-month high of $841.28. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.11 and a quick ratio of 0.67. The firm has a market capitalization of $240.77 billion, a price-to-earnings ratio of 16.31, a price-to-earnings-growth ratio of 1.43 and a beta of 1.41. The business has a 50 day simple moving average of $786.41 and a 200 day simple moving average of $722.75.

The Goldman Sachs Group (NYSE:GS) last announced 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 Goldman Sachs Group had a return on equity of 14.79% and a net margin of 13.18%.The company had revenue of $15.18 billion during the quarter, compared to analyst estimates of $13.68 billion. During the same quarter in the previous year, the firm posted $8.40 EPS. The firm’s quarterly revenue was up 19.5% on a year-over-year basis. On average, equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 2nd will be given a $4.00 dividend. This represents a $16.00 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Tuesday, December 2nd. The Goldman Sachs Group’s dividend payout ratio is currently 32.50%.

Analyst Ratings Changes

Several research firms have recently commented on GS. Deutsche Bank Aktiengesellschaft lifted their price target 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. Daiwa Capital Markets raised their target price on shares of The Goldman Sachs Group from $756.00 to $810.00 and gave the stock a “neutral” rating in a report on Wednesday, October 8th. Wells Fargo & Company upped their target price on The Goldman Sachs Group from $785.00 to $855.00 and gave the company an “overweight” rating in a report on Tuesday, September 16th. Evercore ISI upped their target price on The Goldman Sachs Group from $752.00 to $830.00 and gave the company an “outperform” rating in a report on Tuesday, September 30th. Finally, Morgan Stanley dropped their price target on The Goldman Sachs Group from $854.00 to $828.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 15th. Four research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $786.00.

Insider Buying and Selling

In other The Goldman Sachs Group news, COO John E. Waldron sold 9,000 shares of the business’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $750.51, for a total transaction of $6,754,590.00. Following the sale, the chief operating officer directly owned 106,268 shares in the company, valued at approximately $79,755,196.68. The trade was a 7.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.55% of the company’s stock.

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.