Capital Management Corp VA Sells 676 Shares of The Goldman Sachs Group, Inc. $GS

Key Points

• Capital Management Corp VA reduced its stake in The Goldman Sachs Group, selling 676 shares, which constituted a 2.7% decrease in their holdings during the second quarter.
• The Goldman Sachs Group's recent quarterly earnings were $12.25 per share, exceeding analyst expectations, though revenue fell short at $11.33 billion.
• The firm announced a quarterly dividend of $4.00, which translates to an annual yield of 2.1%, with an ex-dividend date on December 2nd.

Capital Management Corp VA trimmed its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 2.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,020 shares of the investment management company's stock after selling 676 shares during the period. The Goldman Sachs Group makes up 2.9% of Capital Management Corp VA's investment portfolio, making the stock its 12th biggest holding. Capital Management Corp VA's holdings in The Goldman Sachs Group were worth $17,000,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Mutual Advisors LLC boosted its holdings in shares of The Goldman Sachs Group by 8.6% in the second quarter. Mutual Advisors LLC now owns 8,313 shares of the investment management company's stock worth $6,060,000 after acquiring an additional 656 shares during the period. Ritholtz Wealth Management boosted its stake in The Goldman Sachs Group by 16.3% in the 2nd quarter. Ritholtz Wealth Management now owns 9,483 shares of the investment management company's stock worth $6,711,000 after purchasing an additional 1,329 shares during the period. Private Wealth Asset Management LLC grew its holdings in The Goldman Sachs Group by 3.1% during the 2nd quarter. Private Wealth Asset Management LLC now owns 1,602 shares of the investment management company's stock valued at $1,134,000 after buying an additional 48 shares in the last quarter. Harbour Investments Inc. increased its position in shares of The Goldman Sachs Group by 0.7% during the second quarter. Harbour Investments Inc. now owns 4,536 shares of the investment management company's stock valued at $3,210,000 after buying an additional 30 shares during the period. Finally, Cypress Wealth Services LLC lifted its holdings in shares of The Goldman Sachs Group by 18.8% in the second quarter. Cypress Wealth Services LLC now owns 1,730 shares of the investment management company's stock worth $1,225,000 after buying an additional 274 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company's stock.

The Goldman Sachs Group Trading Down 2.0%

Shares of GS stock opened at $771.44 on Wednesday. The business has a 50-day moving average price of $763.05 and a two-hundred day moving average price of $666.12. The Goldman Sachs Group, Inc. has a 12-month low of $439.38 and a 12-month high of $825.25. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.57. The firm has a market cap of $233.53 billion, a P/E ratio of 17.00, a price-to-earnings-growth ratio of 1.48 and a beta of 1.42.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings data on Tuesday, October 14th. The investment management company reported $12.25 earnings per share for the quarter, beating analysts' consensus estimates of $10.27 by $1.98. The company had revenue of $11.33 billion for the quarter, compared to analysts' expectations of $13.68 billion. The Goldman Sachs Group had a return on equity of 14.32% and a net margin of 12.37%.The Goldman Sachs Group's revenue for the quarter was up 19.5% compared to the same quarter last year. During the same period last year, the firm posted $8.40 EPS. Equities analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.1%. The Goldman Sachs Group's dividend payout ratio is 35.26%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on GS. Wall Street Zen raised shares of The Goldman Sachs Group from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. UBS Group boosted their price target 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. Citizens Jmp reiterated a "market perform" rating on shares of The Goldman Sachs Group in a research report on Monday, July 14th. Royal Bank Of Canada restated a "neutral" rating and set a $843.00 target price on shares of The Goldman Sachs Group in a research report on Tuesday. Finally, HSBC raised their price target on The Goldman Sachs Group from $652.00 to $677.00 in a report on Thursday, October 2nd. Five research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $746.69.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, EVP John F.W. Rogers sold 6,008 shares of the company's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $717.39, for a total transaction of $4,310,079.12. Following the completion of the sale, the executive vice president directly owned 65,761 shares in the company, valued at $47,176,283.79. This represents a 8.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Denis P. Coleman sold 7,463 shares of The Goldman Sachs Group stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $724.40, for a total value of $5,406,197.20. Following the completion of the transaction, the chief financial officer owned 18,594 shares in the company, valued at approximately $13,469,493.60. This represents a 28.64% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,323 shares of company stock worth $28,111,828 in the last quarter. 0.55% of the stock is currently owned by company insiders.

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.

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