The Goldman Sachs Group, Inc. $GS Holdings Decreased by California State Teachers Retirement System

California State Teachers Retirement System reduced its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 1.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 450,240 shares of the investment management company's stock after selling 5,824 shares during the quarter. The Goldman Sachs Group accounts for 0.4% of California State Teachers Retirement System's portfolio, making the stock its 19th largest position. California State Teachers Retirement System owned about 0.15% of The Goldman Sachs Group worth $455,359,229 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of GS. Tanager Wealth Management LLP lifted its position in shares of The Goldman Sachs Group by 9.6% in the 2nd quarter. Tanager Wealth Management LLP now owns 865 shares of the investment management company's stock worth $875,000 after purchasing an additional 76 shares during the period. Ameritas Advisory Services LLC raised its position in shares of The Goldman Sachs Group by 212.7% during the 2nd quarter. Ameritas Advisory Services LLC now owns 3,227 shares of the investment management company's stock valued at $3,263,000 after purchasing an additional 2,195 shares during the period. Guardian Wealth Advisors LLC NC boosted its position in shares of The Goldman Sachs Group by 1.3% during the second quarter. Guardian Wealth Advisors LLC NC now owns 2,499 shares of the investment management company's stock valued at $2,527,000 after buying an additional 31 shares during the period. Wedmont Private Capital grew its stake in The Goldman Sachs Group by 2.4% during the 2nd quarter. Wedmont Private Capital now owns 5,942 shares of the investment management company's stock worth $6,270,000 after buying an additional 137 shares during the last quarter. Finally, Kintra Wealth LLC purchased a new position in shares of The Goldman Sachs Group during the 2nd quarter valued at approximately $640,000. Institutional investors own 71.21% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on GS. BMO Capital Markets raised their price objective on The Goldman Sachs Group from $1,070.00 to $1,190.00 and gave the stock a "market perform" rating in a report on Wednesday, July 15th. Wall Street Zen downgraded The Goldman Sachs Group from a "buy" rating to a "hold" rating in a research report on Sunday. Rothschild & Co Redburn raised their price objective on The Goldman Sachs Group from $870.00 to $920.00 and gave the stock a "neutral" rating in a research note on Thursday, June 25th. CICC Research upped their price objective on shares of The Goldman Sachs Group from $825.00 to $980.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 19th. Finally, Evercore reaffirmed an "outperform" rating on shares of The Goldman Sachs Group in a research report on Monday, July 6th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $1,062.86.

The Goldman Sachs Group Trading Down 2.8%

The Goldman Sachs Group stock traded down $27.86 during trading on Tuesday, reaching $960.59. 1,208,388 shares of the company were exchanged, compared to its average volume of 2,186,204. The company has a market capitalization of $279.70 billion, a P/E ratio of 14.82, a PEG ratio of 1.04 and a beta of 1.29. The Goldman Sachs Group, Inc. has a 52-week low of $740.01 and a 52-week high of $1,153.99. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.63 and a quick ratio of 0.63. The stock's 50 day simple moving average is $1,043.50 and its two-hundred day simple moving average is $976.86.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its earnings results on Tuesday, July 14th. The investment management company reported $20.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $14.47 by $6.51. The Goldman Sachs Group had a net margin of 15.53% and a return on equity of 19.16%. The company had revenue of $20.34 billion during the quarter, compared to analysts' expectations of $16.22 billion. During the same period last year, the company posted $10.91 earnings per share. The firm's quarterly revenue was up 39.4% compared to the same quarter last year. On average, equities research analysts expect that The Goldman Sachs Group, Inc. will post 68.89 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 1st will be given a $5.00 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $20.00 dividend on an annualized basis and a yield of 2.1%. This is a boost from The Goldman Sachs Group's previous quarterly dividend of $4.50. The Goldman Sachs Group's payout ratio is 30.87%.

More The Goldman Sachs Group News

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

• Positive Sentiment: Goldman Sachs continues to appeal to income-oriented investors. Its dividend, profitability and financial strength support the view that GS could be an attractive dividend stock, particularly following its latest quarter’s substantial earnings and revenue beats. Why Goldman Sachs is a Great Dividend Stock Right Now
• Positive Sentiment: Goldman Sachs Asset Management is reportedly among the global investors expected to anchor India’s planned NSE initial public offering, which could generate investment-banking and asset-management opportunities. Goldman, Templeton, Fidelity Said to Plan Buying Into NSE IPO
• Neutral Sentiment: Goldman analysts maintained Hold ratings on Bob’s Discount Furniture and Boyd Group, reflecting balanced views of company-specific growth opportunities and cost pressures rather than a major change to Goldman’s outlook. Hold Rating Maintained on Bob’s
• Negative Sentiment: Goldman Sachs reversed its earlier expectation for no September rate increase and now forecasts a 25-basis-point Federal Reserve hike, with another increase potentially priced for December. Sticky inflation and crude oil above $100 a barrel raise the risk of slower economic activity and weaker capital-markets sentiment. Goldman Sachs, JPMorgan Expect Fed Rate Hike This Week
• Negative Sentiment: Bank of America’s cautionary commentary contributed to pressure on financial stocks, while broader market weakness amplified selling in GS. Goldman also warned that holding rates steady could trigger a disorderly market reaction. Goldman Sachs Stock Slips Monday: What’s Going On?

The Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc NYSE: GS is a global financial services company that provides investment banking, securities, asset management and wealth management services to corporations, financial institutions, governments and individuals. The company is headquartered in New York City and serves clients across North America, Europe, Asia-Pacific and other international markets.

Through its Global Banking & Markets segment, Goldman Sachs advises clients on mergers and acquisitions, capital raising, restructuring and other strategic transactions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.