The Goldman Sachs Group, Inc. $GS Stock Holdings Lowered by Uhlmann Price Securities LLC

Uhlmann Price Securities LLC lowered its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 12.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 5,489 shares of the investment management company’s stock after selling 758 shares during the quarter. The Goldman Sachs Group accounts for 0.3% of Uhlmann Price Securities LLC’s holdings, making the stock its 14th biggest holding. Uhlmann Price Securities LLC’s holdings in The Goldman Sachs Group were worth $4,941,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of GS. Orange County Employees Retirement System bought a new position in The Goldman Sachs Group during the second quarter valued at $69,537,544,000. BlackRock Inc. purchased a new stake in shares of The Goldman Sachs Group in the second quarter valued at $24,172,123,000. Bank of America Corp DE purchased a new stake in shares of The Goldman Sachs Group in the second quarter valued at $6,756,772,000. Bank of New York Mellon Corp purchased a new stake in shares of The Goldman Sachs Group in the second quarter valued at $2,560,028,000. Finally, International Assets Investment Management LLC bought a new stake in shares of The Goldman Sachs Group in the 1st quarter worth about $2,024,921,000. Institutional investors own 71.21% of the company’s stock.

Insider Transactions at The Goldman Sachs Group

In other news, CEO David M. Solomon sold 12,000 shares of the stock in a transaction dated Tuesday, October 27th. The stock was sold at an average price of $910.72, for a total value of $10,928,640.00. Following the transaction, the chief executive officer directly owned 159,180 shares of the company’s stock, valued at approximately $144,968,409.60. This represents a 7.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ericka T. Leslie sold 100 shares of the firm’s stock in a transaction dated Wednesday, October 28th. The stock was sold at an average price of $926.28, for a total value of $92,628.00. Following the completion of the transaction, the insider owned 10,460 shares of the company’s stock, valued at approximately $9,688,888.80. The trade was a 0.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 12,500 shares of company stock valued at $11,380,508. 0.55% of the stock is currently owned by insiders.

More The Goldman Sachs Group News

Here are the key news stories impacting The Goldman Sachs Group this week:

• Positive Sentiment: Bank of America Securities maintained its Buy rating and $1,050 price target, citing stronger client relationships, growth investments and resilient fee income. Goldman Sachs Earns Buy Rating
• Positive Sentiment: ETFs were reported to have bought a net $108.5 million of GS shares on Nov. 4, indicating institutional fund demand, though flows can fluctuate. ETFs Bought Goldman Shares
• Neutral Sentiment: The Supreme Court agreed to consider Goldman’s bid over whether bankruptcy courts can override arbitration agreements. The decision could affect the enforceability of arbitration agreements, but the outcome and financial implications are not yet known. Supreme Court to Hear Goldman Sachs’ Bankruptcy Arbitration Bid
• Negative Sentiment: Goldman’s trading desk reportedly saw buyers disappear during a sharp technology-led market selloff. That broad risk-off backdrop may weigh on the shares regardless of company-specific fundamentals. Goldman Sachs’ Trading Desk Sees Buyers Disappear During Selloff

The Goldman Sachs Group Stock Down 0.4%

NYSE:GS opened at $865.88 on Friday. The company’s 50 day moving average is $932.40 and its two-hundred day moving average is $956.58. The company has a market cap of $249.75 billion, a PE ratio of 12.45, a P/E/G ratio of 0.81 and a beta of 1.29. The Goldman Sachs Group, Inc. has a twelve month low of $754.00 and a twelve month high of $1,153.99. The company has a current ratio of 0.61, a quick ratio of 0.63 and a debt-to-equity ratio of 3.20.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Tuesday, October 13th. The investment management company reported $17.01 EPS for the quarter, topping the consensus estimate of $12.86 by $4.15. The business had revenue of $18.68 billion during the quarter, compared to the consensus estimate of $16.83 billion. The Goldman Sachs Group had a net margin of 15.77% and a return on equity of 20.21%. The business’s revenue for the quarter was up 23.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $12.25 earnings per share. Analysts anticipate that The Goldman Sachs Group, Inc. will post 71.49 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 30th. Shareholders of record on Wednesday, December 2nd will be given a dividend of $5.00 per share. The ex-dividend date of this dividend is Wednesday, December 2nd. This represents a $20.00 dividend on an annualized basis and a yield of 2.3%. The Goldman Sachs Group’s payout ratio is currently 28.76%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on GS shares. Barclays boosted their target price on The Goldman Sachs Group from $1,048.00 to $1,245.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. Wells Fargo & Company reduced their price target on The Goldman Sachs Group from $1,325.00 to $1,175.00 and set an “overweight” rating on the stock in a report on Friday, September 25th. Freedom Broker upgraded The Goldman Sachs Group from a “hold” rating to a “buy” rating and reduced their price target for the stock from $1,200.00 to $1,100.00 in a report on Friday, October 23rd. Royal Bank Of Canada decreased their price target on The Goldman Sachs Group from $1,220.00 to $1,010.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 14th. Finally, BMO Capital Markets dropped their price objective on The Goldman Sachs Group from $970.00 to $950.00 and set a “market perform” rating for the company in a report on Monday, October 19th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $1,052.04.

The Goldman Sachs Group Profile

The Goldman Sachs Group, Inc is a global financial services firm founded in 1869 and headquartered in New York City. It serves corporations, financial institutions, governments and individuals across major financial markets worldwide.

The company’s businesses include investment banking, global markets, and asset and wealth management. Its services include advising on mergers and acquisitions and other strategic transactions, helping clients raise capital, facilitating trading and risk management, and managing investments and wealth for institutions and individuals.

Goldman Sachs also provides consumer financial products and digital financial services.