Copley Financial Group Inc. Sells 185 Shares of The Goldman Sachs Group, Inc. $GS

Copley Financial Group Inc. lessened its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 15.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 990 shares of the investment management company’s stock after selling 185 shares during the period. The Goldman Sachs Group accounts for about 0.5% of Copley Financial Group Inc.’s investment portfolio, making the stock its 29th biggest holding. Copley Financial Group Inc.’s holdings in The Goldman Sachs Group were worth $701,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Clal Insurance Enterprises Holdings Ltd purchased a new stake in shares of The Goldman Sachs Group in the 1st quarter worth $25,000. Dogwood Wealth Management LLC raised its holdings in shares of The Goldman Sachs Group by 1,800.0% in the second quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company’s stock valued at $26,000 after acquiring an additional 36 shares in the last quarter. Clearstead Trust LLC purchased a new stake in The Goldman Sachs Group in the second quarter worth about $31,000. Ridgewood Investments LLC grew its holdings in The Goldman Sachs Group by 45.9% during the 2nd quarter. Ridgewood Investments LLC now owns 54 shares of the investment management company’s stock worth $38,000 after acquiring an additional 17 shares in the last quarter. Finally, MeadowBrook Investment Advisors LLC bought a new position in The Goldman Sachs Group during the 2nd quarter worth about $39,000. Institutional investors own 71.21% of the company’s stock.

Wall Street Analysts Forecast Growth

GS has been the subject of several recent research reports. Barclays boosted their price target on shares of The Goldman Sachs Group from $720.00 to $850.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. Dbs Bank boosted their price objective on shares of The Goldman Sachs Group from $800.00 to $890.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. BMO Capital Markets assumed coverage on The Goldman Sachs Group in a report on Friday, October 3rd. They set a “market perform” rating and a $785.00 target price for the company. Morgan Stanley dropped their target price 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. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $750.00 price target (up from $625.00) on shares of The Goldman Sachs Group in a research report on Tuesday, October 21st. Four equities research 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 stock has an average rating of “Hold” and a consensus target price of $786.00.

The Goldman Sachs Group Price Performance

NYSE GS opened at $815.88 on Thursday. The firm’s fifty day simple moving average is $786.85 and its two-hundred day simple moving average is $723.41. The firm has a market capitalization of $244.70 billion, a P/E ratio of 16.57, a P/E/G ratio of 1.43 and a beta of 1.41. The company has a current ratio of 1.11, a quick ratio of 0.67 and a debt-to-equity ratio of 2.23. The Goldman Sachs Group, Inc. has a 12-month low of $439.38 and a 12-month high of $841.28.

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, 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 firm had revenue of $15.18 billion during the quarter, compared to analysts’ expectations of $13.68 billion. During the same quarter last year, the firm earned $8.40 EPS. The business’s quarterly revenue was up 19.5% on a year-over-year basis. Analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd will be issued 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 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.