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

Dnca Finance lowered its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 26.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,000 shares of the investment management company’s stock after selling 8,500 shares during the quarter. The Goldman Sachs Group accounts for 1.3% of Dnca Finance’s holdings, making the stock its 25th largest holding. Dnca Finance’s holdings in The Goldman Sachs Group were worth $16,986,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Dogwood Wealth Management LLC boosted its stake in The Goldman Sachs Group by 1,800.0% during the second quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company’s stock worth $26,000 after buying an additional 36 shares during the period. Clearstead Trust LLC acquired a new position in shares of The Goldman Sachs Group in the 2nd quarter worth approximately $31,000. Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of The Goldman Sachs Group during the 1st quarter worth approximately $25,000. Ridgewood Investments LLC increased its holdings in The Goldman Sachs Group by 45.9% in the 2nd quarter. Ridgewood Investments LLC now owns 54 shares of the investment management company’s stock valued at $38,000 after purchasing an additional 17 shares during the last quarter. Finally, MeadowBrook Investment Advisors LLC purchased a new stake in The Goldman Sachs Group in the second quarter valued at approximately $39,000. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Evercore ISI raised their price target on The Goldman Sachs Group from $752.00 to $830.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 30th. Zacks Research downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 16th. BMO Capital Markets started coverage on shares of The Goldman Sachs Group in a research report on Friday, October 3rd. They set a “market perform” rating and a $785.00 price target on the stock. Royal Bank Of Canada reissued a “neutral” rating and issued a $843.00 price objective on shares of The Goldman Sachs Group in a research note on Tuesday, October 14th. Finally, Morgan Stanley dropped their price objective on shares of The Goldman Sachs Group from $854.00 to $828.00 and set an “equal weight” rating for the company in a report on Wednesday, October 15th. Four investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $786.00.

The Goldman Sachs Group Stock Performance

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 PE ratio of 17.35, a P/E/G 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 business has a 50-day simple moving average of $790.53 and a 200-day simple moving average of $734.14.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results 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 earned $8.40 earnings per share. The firm’s revenue was up 19.5% compared to the same quarter last year. On average, equities research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd will be given a dividend of $4.00 per share. This represents a $16.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Tuesday, December 2nd. The Goldman Sachs Group’s payout ratio is 32.50%.

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.