Stablepoint Partners LLC Lowers Stake in The Goldman Sachs Group, Inc. $GS

Stablepoint Partners LLC lessened its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 17.7% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 679 shares of the investment management company’s stock after selling 146 shares during the period. Stablepoint Partners LLC’s holdings in The Goldman Sachs Group were worth $481,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of GS. Meridian Wealth Partners LLC bought a new position in shares of The Goldman Sachs Group during the 2nd quarter valued at about $221,000. West Family Investments Inc. lifted its stake in The Goldman Sachs Group by 117.0% in the second quarter. West Family Investments Inc. now owns 1,261 shares of the investment management company’s stock worth $892,000 after purchasing an additional 680 shares during the last quarter. Schroder Investment Management Group boosted its holdings in The Goldman Sachs Group by 1.4% during the 2nd quarter. Schroder Investment Management Group now owns 190,896 shares of the investment management company’s stock valued at $135,107,000 after acquiring an additional 2,661 shares during the period. Colonial Trust Advisors grew its holdings in shares of The Goldman Sachs Group by 0.6% in the second quarter. Colonial Trust Advisors now owns 27,232 shares of the investment management company’s stock worth $19,274,000 after purchasing an additional 174 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of The Goldman Sachs Group during the second quarter worth approximately $2,138,031,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Price Performance

Shares of NYSE GS opened at $826.51 on Friday. 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 firm has a 50-day simple moving average of $787.51 and a 200-day simple moving average of $726.53. The Goldman Sachs Group, Inc. has a 52 week low of $439.38 and a 52 week high of $841.28. The stock has a market capitalization of $247.89 billion, a price-to-earnings ratio of 16.79, a price-to-earnings-growth ratio of 1.43 and a beta of 1.41.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share for the quarter, topping the consensus estimate of $10.27 by $1.98. The business had revenue of $15.18 billion for the quarter, compared to analysts’ expectations of $13.68 billion. The Goldman Sachs Group had a return on equity of 14.79% and a net margin of 13.18%.The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $8.40 EPS. On average, equities analysts predict 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. Stockholders of record on Tuesday, December 2nd will be paid a $4.00 dividend. The ex-dividend date of this dividend is Tuesday, December 2nd. This represents a $16.00 annualized dividend and a dividend yield of 1.9%. The Goldman Sachs Group’s dividend payout ratio is 32.50%.

Analyst Ratings Changes

Several analysts recently weighed in on GS shares. Weiss Ratings restated a “hold (c)” rating on shares of The Goldman Sachs Group in a report on Tuesday. UBS Group increased their price objective on shares of 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. Dbs Bank boosted their price target on The Goldman Sachs Group from $800.00 to $890.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of 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. Finally, Zacks Research downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 16th. Four equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $786.00.

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.