K.J. Harrison & Partners Inc Decreases Stock Position in The Goldman Sachs Group, Inc. $GS

K.J. Harrison & Partners Inc reduced its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 23.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,239 shares of the investment management company’s stock after selling 2,499 shares during the quarter. The Goldman Sachs Group makes up about 1.0% of K.J. Harrison & Partners Inc’s holdings, making the stock its 28th largest position. K.J. Harrison & Partners Inc’s holdings in The Goldman Sachs Group were worth $5,831,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the company. Westside Investment Management Inc. increased its position in The Goldman Sachs Group by 24.4% in the second quarter. Westside Investment Management Inc. now owns 311 shares of the investment management company’s stock worth $220,000 after buying an additional 61 shares during the last quarter. Bank of Montreal Can increased its position in The Goldman Sachs Group by 14.1% in the second quarter. Bank of Montreal Can now owns 1,288,989 shares of the investment management company’s stock worth $912,282,000 after buying an additional 159,768 shares during the last quarter. Benchmark Financial Wealth Advisors LLC purchased a new stake in The Goldman Sachs Group in the second quarter worth $448,000. Burney Co. grew its position in shares of The Goldman Sachs Group by 3.4% in the second quarter. Burney Co. now owns 7,211 shares of the investment management company’s stock valued at $5,103,000 after purchasing an additional 237 shares in the last quarter. Finally, Telos Capital Management Inc. grew its position in shares of The Goldman Sachs Group by 1.6% in the second quarter. Telos Capital Management Inc. now owns 12,348 shares of the investment management company’s stock valued at $8,739,000 after purchasing an additional 200 shares in the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Price Performance

The Goldman Sachs Group stock opened at $789.50 on Monday. The Goldman Sachs Group, Inc. has a 52 week low of $439.38 and a 52 week high of $825.25. The business has a 50-day simple moving average of $773.85 and a 200 day simple moving average of $692.85. 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 stock has a market cap of $239.00 billion, a price-to-earnings ratio of 16.04, a PEG ratio of 1.43 and a beta of 1.42.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Tuesday, October 14th. The investment management company reported $12.25 EPS for the quarter, topping the consensus estimate 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 business had revenue of $11.33 billion during the quarter, compared to analysts’ expectations of $13.68 billion. During the same period in the previous year, the business earned $8.40 earnings per share. The firm’s revenue was up 19.5% on a year-over-year basis. On average, research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

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 2.0%. The Goldman Sachs Group’s payout ratio is 32.50%.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, COO John E. Waldron sold 9,000 shares of The Goldman Sachs Group stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $750.51, for a total transaction of $6,754,590.00. Following the completion of the sale, the chief operating officer owned 106,268 shares of the company’s stock, valued at $79,755,196.68. The trade was a 7.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.55% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Morgan Stanley reduced their price target on The Goldman Sachs Group from $854.00 to $828.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 15th. Wells Fargo & Company lifted their price target on The Goldman Sachs Group from $785.00 to $855.00 and gave the company an “overweight” rating in a research report on Tuesday, September 16th. UBS Group lifted 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. Royal Bank Of Canada reiterated a “neutral” rating and issued a $843.00 price target on shares of The Goldman Sachs Group in a research report on Tuesday, October 14th. Finally, Hsbc Global Res cut The Goldman Sachs Group from a “hold” rating to a “moderate sell” rating in a research report on Tuesday, July 8th. Three analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, The Goldman Sachs Group presently has a consensus rating of “Hold” and a consensus price target of $779.50.

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.