ProShare Advisors LLC Has $128.07 Million Holdings in The Goldman Sachs Group, Inc. $GS

ProShare Advisors LLC cut its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 53.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 180,958 shares of the investment management company’s stock after selling 205,690 shares during the period. ProShare Advisors LLC owned 0.06% of The Goldman Sachs Group worth $128,073,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Clal Insurance Enterprises Holdings Ltd bought a new position in The Goldman Sachs Group during the first quarter valued at approximately $25,000. Dogwood Wealth Management LLC increased its stake in shares of The Goldman Sachs Group by 1,800.0% during the 2nd quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company’s stock worth $26,000 after purchasing an additional 36 shares during the last quarter. Ridgewood Investments LLC raised its holdings in shares of 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 valued at $38,000 after purchasing an additional 17 shares in the last quarter. MeadowBrook Investment Advisors LLC bought a new position in shares of The Goldman Sachs Group during the 2nd quarter valued at $39,000. Finally, Avion Wealth lifted its stake in shares of The Goldman Sachs Group by 31.1% in the 2nd quarter. Avion Wealth now owns 59 shares of the investment management company’s stock valued at $41,000 after purchasing an additional 14 shares during the last quarter. Institutional investors own 71.21% of the company’s stock.

Insider Buying and Selling

In other The Goldman Sachs Group news, COO John E. Waldron sold 9,244 shares of the stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $750.11, for a total value of $6,934,016.84. Following the completion of the sale, the chief operating officer directly owned 115,268 shares of the company’s stock, valued at $86,463,679.48. This represents a 7.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.55% of the stock is currently owned by insiders.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS opened at $797.07 on Tuesday. The business has a 50 day moving average price of $779.07 and a 200 day moving average price of $704.28. The Goldman Sachs Group, Inc. has a twelve month low of $439.38 and a twelve month high of $825.25. The company has a market cap of $239.06 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 1.43 and a beta of 1.41. 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 Goldman Sachs Group (NYSE:GS) last issued its quarterly 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 company had revenue of $15.18 billion for the quarter, compared to the consensus estimate of $13.68 billion. During the same period in the previous year, the business posted $8.40 EPS. The company’s revenue for the quarter was up 19.5% on a year-over-year basis. Research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 2nd will be given a dividend of $4.00 per share. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a $16.00 dividend on an annualized basis and a yield of 2.0%. The Goldman Sachs Group’s payout ratio is 32.50%.

Analyst Upgrades and Downgrades

GS has been the topic of several analyst reports. Evercore ISI increased their target price on shares of 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. Deutsche Bank Aktiengesellschaft upped their price target on The Goldman Sachs Group from $725.00 to $790.00 and gave the stock a “hold” rating in a research note on Tuesday, September 30th. Barclays raised their price objective on The Goldman Sachs Group from $720.00 to $850.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. Citigroup boosted their target price on The Goldman Sachs Group from $700.00 to $765.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. Finally, Royal Bank Of Canada reiterated a “neutral” rating and set a $843.00 price target on shares of The Goldman Sachs Group in a report on Tuesday, October 14th. Three investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $779.50.

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.