Bluesphere Advisors LLC Sells 652 Shares of The Goldman Sachs Group, Inc. $GS

Bluesphere Advisors LLC lessened its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 28.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,618 shares of the investment management company’s stock after selling 652 shares during the period. The Goldman Sachs Group comprises approximately 0.6% of Bluesphere Advisors LLC’s investment portfolio, making the stock its 29th largest holding. Bluesphere Advisors LLC’s holdings in The Goldman Sachs Group were worth $1,145,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of GS. Kingstone Capital Partners Texas LLC raised its holdings in The Goldman Sachs Group by 617,504.5% during the second quarter. Kingstone Capital Partners Texas LLC now owns 29,058,291 shares of the investment management company’s stock worth $20,566,005,000 after acquiring an additional 29,053,586 shares in the last quarter. International Assets Investment Management LLC bought a new stake in The Goldman Sachs Group during the first quarter worth about $1,766,238,000. Nuveen LLC bought a new stake in The Goldman Sachs Group during the first quarter worth about $897,185,000. Assenagon Asset Management S.A. raised its holdings in The Goldman Sachs Group by 102.6% during the first quarter. Assenagon Asset Management S.A. now owns 14,764 shares of the investment management company’s stock worth $8,065,000 after acquiring an additional 585,084 shares in the last quarter. Finally, Cohen Investment Advisors LLC raised its holdings in The Goldman Sachs Group by 5,559.2% during the first quarter. Cohen Investment Advisors LLC now owns 470,220 shares of the investment management company’s stock worth $256,876,000 after acquiring an additional 461,911 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 7,463 shares of the firm’s stock in a transaction on Friday, July 25th. The stock was sold at an average price of $724.40, for a total transaction of $5,406,197.20. Following the transaction, the chief financial officer owned 18,594 shares in the company, valued at $13,469,493.60. This trade represents a 28.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO John E. Waldron sold 9,244 shares of the firm’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $750.11, for a total value of $6,934,016.84. Following 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 disclosure for this sale can be found here. Insiders have sold a total of 38,323 shares of company stock worth $28,111,828 in the last ninety days. 0.55% of the stock is currently owned by company insiders.

The Goldman Sachs Group Price Performance

Shares of NYSE GS opened at $804.07 on Tuesday. The firm has a market cap of $243.41 billion, a P/E ratio of 17.72, a price-to-earnings-growth ratio of 1.67 and a beta of 1.41. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.57. The Goldman Sachs Group, Inc. has a 1-year low of $439.38 and a 1-year high of $825.25. The business’s 50 day moving average is $749.28 and its 200-day moving average is $649.87.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Wednesday, July 16th. The investment management company reported $10.91 earnings per share for the quarter, topping analysts’ consensus estimates of $9.82 by $1.09. The company had revenue of $14.58 billion for the quarter, compared to analyst estimates of $13.53 billion. The Goldman Sachs Group had a return on equity of 14.32% and a net margin of 12.37%.The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter last year, the company earned $8.62 earnings per share. Equities research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Friday, August 29th were paid a dividend of $4.00 per share. This represents a $16.00 dividend on an annualized basis and a dividend yield of 2.0%. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $3.00. The ex-dividend date was Friday, August 29th. The Goldman Sachs Group’s dividend payout ratio is 35.26%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on GS shares. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of The Goldman Sachs Group in a research report on Thursday, July 10th. Citigroup raised their price objective on The Goldman Sachs Group from $550.00 to $700.00 and gave the company a “neutral” rating in a research report on Monday, July 21st. Citizens Jmp reaffirmed a “market perform” rating on shares of The Goldman Sachs Group in a research report on Monday, July 14th. Morgan Stanley raised their price objective on The Goldman Sachs Group from $706.00 to $854.00 and gave the company an “equal weight” rating in a research report on Monday. Finally, Evercore ISI set a $715.00 price objective on The Goldman Sachs Group and gave the company an “outperform” rating in a research report on Thursday, July 10th. Five research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, The Goldman Sachs Group presently has a consensus rating of “Hold” and a consensus target price of $674.93.

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.