Amalgamated Bank Sells 1,935 Shares of The Goldman Sachs Group, Inc. $GS

Amalgamated Bank cut its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 3.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,827 shares of the investment management company’s stock after selling 1,935 shares during the period. Amalgamated Bank’s holdings in The Goldman Sachs Group were worth $42,343,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of GS. Kingstone Capital Partners Texas LLC lifted its stake 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 purchasing an additional 29,053,586 shares during the last quarter. Nuveen LLC purchased a new stake in shares of The Goldman Sachs Group during the first quarter worth $897,185,000. Ninety One UK Ltd purchased a new stake in shares of The Goldman Sachs Group during the second quarter worth $408,780,000. Amundi lifted its position 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 acquiring an additional 225,993 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of The Goldman Sachs Group by 15.6% during the first quarter. Ameriprise Financial Inc. now owns 1,604,472 shares of the investment management company’s stock worth $874,318,000 after acquiring an additional 216,556 shares in the last quarter. 71.21% of the stock is owned by institutional investors.

Insider Buying and Selling at The Goldman Sachs Group

In other news, COO John E. Waldron sold 9,244 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $750.11, for a total transaction of $6,934,016.84. Following the completion of the transaction, the chief operating officer owned 115,268 shares in the company, valued at approximately $86,463,679.48. This trade represents a 7.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.55% of the company’s stock.

Analysts Set New Price Targets

GS has been the topic of several recent research reports. Citizens Jmp restated a “market perform” rating on shares of The Goldman Sachs Group in a research report on Monday, July 14th. Hsbc Global Res downgraded The Goldman Sachs Group from a “hold” rating to a “moderate sell” rating in a research report on Tuesday, July 8th. Zacks Research downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 16th. JMP Securities reaffirmed a “market perform” rating and issued a $600.00 price target on shares of The Goldman Sachs Group in a report on Monday, July 14th. Finally, Morgan Stanley decreased their price target on shares of The Goldman Sachs Group from $854.00 to $828.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 15th. Three equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $779.50.

The Goldman Sachs Group Stock Performance

GS stock opened at $782.59 on Thursday. The Goldman Sachs Group, Inc. has a fifty-two week low of $439.38 and a fifty-two week high of $825.25. 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 company has a market capitalization of $236.90 billion, a P/E ratio of 15.90, a PEG ratio of 1.45 and a beta of 1.42. The company has a 50-day simple moving average of $771.43 and a 200 day simple moving average of $687.54.

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 14.79%. The company had revenue of $11.33 billion during the quarter, compared to analyst estimates of $13.68 billion. During the same quarter last year, the firm posted $8.40 EPS. The business’s revenue for the quarter was up 19.5% on a year-over-year basis. Sell-side analysts predict 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 firm 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. The ex-dividend date is Tuesday, December 2nd. This represents a $16.00 annualized dividend and a dividend yield of 2.0%. The Goldman Sachs Group’s dividend payout ratio (DPR) 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.