GenTrust LLC Has $6.20 Million Stake in The Goldman Sachs Group, Inc. $GS

Key Points

• GenTrust LLC has reduced its stake in The Goldman Sachs Group by 4.5%, holding 8,760 shares valued at approximately $6.2 million as of the latest reporting period.
• COO John E. Waldron sold over 9,200 shares of the company's stock, decreasing his position by 7.42%, with a total sale value exceeding $6.93 million.
• The Goldman Sachs Group reported $12.25 EPS for the latest quarter, surpassing analysts' expectations, while also announcing a $4.00 quarterly dividend, translating to a 2.1% yield.

GenTrust LLC trimmed its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 4.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,760 shares of the investment management company's stock after selling 409 shares during the period. GenTrust LLC's holdings in The Goldman Sachs Group were worth $6,200,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of GS. Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of The Goldman Sachs Group during the first quarter worth approximately $25,000. Dogwood Wealth Management LLC lifted its position in shares of The Goldman Sachs Group by 1,800.0% during the second 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 in the last quarter. American Capital Advisory LLC acquired a new position in shares of The Goldman Sachs Group during the first quarter worth approximately $29,000. Cornerstone Planning Group LLC lifted its position in shares of The Goldman Sachs Group by 46.9% during the first quarter. Cornerstone Planning Group LLC now owns 72 shares of the investment management company's stock worth $38,000 after purchasing an additional 23 shares in the last quarter. Finally, Ridgewood Investments LLC lifted its position in shares of The Goldman Sachs Group by 45.9% during the second quarter. Ridgewood Investments LLC now owns 54 shares of the investment management company's stock worth $38,000 after purchasing an additional 17 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at The Goldman Sachs Group

In other news, COO John E. Waldron sold 9,244 shares of the business's stock in a transaction that occurred 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 transaction, the chief operating officer directly owned 115,268 shares in the company, valued at approximately $86,463,679.48. The trade was a 7.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.55% of the company's stock.

The Goldman Sachs Group Stock Performance

Shares of GS opened at $751.21 on Friday. The Goldman Sachs Group, Inc. has a 12 month low of $439.38 and a 12 month high of $825.25. The firm has a fifty day simple moving average of $766.49 and a 200 day simple moving average of $676.63. The stock has a market capitalization of $227.41 billion, a price-to-earnings ratio of 15.26, a PEG ratio of 1.36 and a beta of 1.42. The company has a current ratio of 1.11, a quick ratio of 0.67 and a debt-to-equity ratio of 2.23.

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 EPS for the quarter, beating analysts' consensus estimates of $10.27 by $1.98. The company had revenue of $11.33 billion during the quarter, compared to the consensus estimate of $13.68 billion. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 14.79%. The company's quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter last year, the firm posted $8.40 EPS. Research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd will be given a $4.00 dividend. The ex-dividend date is Tuesday, December 2nd. This represents a $16.00 annualized dividend and a dividend yield of 2.1%. The Goldman Sachs Group's payout ratio is presently 32.50%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. restated a "neutral" rating and issued a $750.00 price objective (up from $625.00) on shares of The Goldman Sachs Group in a report on Tuesday. Hsbc Global Res lowered shares of The Goldman Sachs Group from a "hold" rating to a "moderate sell" rating in a report on Tuesday, July 8th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of The Goldman Sachs Group from $725.00 to $790.00 and gave the company a "hold" rating in a report on Tuesday, September 30th. Wells Fargo & Company upped their target price on shares of The Goldman Sachs Group from $785.00 to $855.00 and gave the company an "overweight" rating in a research note on Tuesday, September 16th. Finally, BMO Capital Markets began coverage on shares of The Goldman Sachs Group in a research report on Friday, October 3rd. They set a "market perform" rating and a $785.00 price objective for the company. Three investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $779.50.

About The Goldman Sachs Group

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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