Blueshift Asset Management LLC Reduces Holdings in The Goldman Sachs Group, Inc. $GS

Blueshift Asset Management LLC decreased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 59.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 426 shares of the investment management company’s stock after selling 629 shares during the quarter. Blueshift Asset Management LLC’s holdings in The Goldman Sachs Group were worth $302,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in GS. Brighton Jones LLC lifted its stake 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 valued at $1,989,000 after buying an additional 508 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in The Goldman Sachs Group by 7.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock valued at $508,000 after buying an additional 58 shares in the last quarter. Encompass More Asset Management bought a new stake in The Goldman Sachs Group during the 1st quarter valued at $340,000. Cary Street Partners Investment Advisory LLC lifted its position in shares of The Goldman Sachs Group by 10.0% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 617 shares of the investment management company’s stock worth $337,000 after acquiring an additional 56 shares in the last quarter. Finally, iA Global Asset Management Inc. bought a new position in shares of The Goldman Sachs Group in the first quarter worth $683,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Trading Up 2.6%

Shares of The Goldman Sachs Group stock opened at $836.73 on Thursday. The company has a debt-to-equity ratio of 2.53, a current ratio of 0.65 and a quick ratio of 0.65. The Goldman Sachs Group, Inc. has a 1 year low of $439.38 and a 1 year high of $841.28. The firm has a market cap of $250.96 billion, a PE ratio of 17.00, a PEG ratio of 1.07 and a beta of 1.36. The company has a 50 day simple moving average of $788.66 and a two-hundred day simple moving average of $730.83.

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

The Goldman Sachs Group Announces Dividend

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 dividend of $4.00 per share. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a $16.00 annualized dividend and a yield of 1.9%. The Goldman Sachs Group’s payout ratio is 32.50%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Royal Bank Of Canada reiterated a “neutral” rating and set a $843.00 price objective on shares of The Goldman Sachs Group in a research note on Tuesday, October 14th. UBS Group upped their price target on The Goldman Sachs Group from $762.00 to $805.00 and gave the company a “neutral” rating in a research report on Tuesday, October 7th. Keefe, Bruyette & Woods raised their price objective on shares of The Goldman Sachs Group from $850.00 to $870.00 and gave the company a “market perform” rating in a research report on Friday, October 17th. HSBC upped their target price on shares of The Goldman Sachs Group from $652.00 to $677.00 in a report on Thursday, October 2nd. Finally, Wells Fargo & Company increased their target price on shares of The Goldman Sachs Group from $785.00 to $855.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 16th. Four 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. Based on data from MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of “Hold” and a consensus price target of $786.00.

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.