Liberty One Investment Management LLC Sells 1,141 Shares of The Goldman Sachs Group, Inc. $GS

Key Points

• Liberty One Investment Management LLC reduced its stake in The Goldman Sachs Group, Inc. by 11.1%, selling 1,141 shares and now holding 9,158 shares valued at approximately $6.48 million.
• The Goldman Sachs Group recently reported earnings of $12.25 per share, exceeding analyst estimates, with quarterly revenue of $11.33 billion, compared to expectations of $13.68 billion.
• The company announced a quarterly dividend of $4.00 per share, with an annualized dividend yield of 2.1%, payable on December 30th.

Liberty One Investment Management LLC decreased its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 11.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 9,158 shares of the investment management company's stock after selling 1,141 shares during the quarter. Liberty One Investment Management LLC's holdings in The Goldman Sachs Group were worth $6,482,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Clal Insurance Enterprises Holdings Ltd acquired a new stake in shares of The Goldman Sachs Group during the 1st quarter valued at about $25,000. Dogwood Wealth Management LLC boosted its position in shares of The Goldman Sachs Group by 1,800.0% during the 2nd quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company's stock valued at $26,000 after acquiring an additional 36 shares in the last quarter. American Capital Advisory LLC acquired a new stake in shares of The Goldman Sachs Group during the 1st quarter valued at about $29,000. Cornerstone Planning Group LLC boosted its position in shares of The Goldman Sachs Group by 46.9% during the 1st quarter. Cornerstone Planning Group LLC now owns 72 shares of the investment management company's stock valued at $38,000 after acquiring an additional 23 shares in the last quarter. Finally, Ridgewood Investments LLC boosted its position in shares of The Goldman Sachs Group by 45.9% during the 2nd quarter. Ridgewood Investments LLC now owns 54 shares of the investment management company's stock valued at $38,000 after acquiring an additional 17 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Price Performance

Shares of GS stock opened at $763.11 on Tuesday. The Goldman Sachs Group, Inc. has a 1 year low of $439.38 and a 1 year high of $825.25. The firm's 50 day moving average is $766.13 and its 200-day moving average is $673.57. The firm has a market capitalization of $231.01 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 1.39 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 earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $10.27 by $1.98. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 14.79%. The company had revenue of $11.33 billion for the quarter, compared to analyst estimates of $13.68 billion. During the same period in the prior year, the business earned $8.40 earnings per share. The Goldman Sachs Group's quarterly revenue was up 19.5% on a year-over-year basis. Sell-side 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 business 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 dividend of $4.00 per share. This represents a $16.00 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Tuesday, December 2nd. The Goldman Sachs Group's dividend payout ratio is presently 32.50%.

Wall Street Analyst Weigh In

GS has been the topic of several recent research reports. Royal Bank Of Canada reiterated a "neutral" rating and set a $843.00 target price on shares of The Goldman Sachs Group in a research report on Tuesday, October 14th. Evercore ISI lifted their target price on shares of The Goldman Sachs Group from $752.00 to $830.00 and gave the company an "outperform" rating in a research report on Tuesday, September 30th. BMO Capital Markets began coverage on shares of The Goldman Sachs Group in a research report on Friday, October 3rd. They issued a "market perform" rating and a $785.00 price target on the stock. JMP Securities restated a "market perform" rating and issued a $600.00 price target on shares of The Goldman Sachs Group in a research report on Monday, July 14th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of The Goldman Sachs Group from $850.00 to $870.00 and gave the company a "market perform" rating in a research report on Friday. Four investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $771.00.

Insider Activity at The Goldman Sachs Group

In related news, CEO David M. Solomon sold 6,608 shares of the business's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $712.31, for a total transaction of $4,706,944.48. Following the completion of the sale, the chief executive officer directly owned 126,176 shares of the company's stock, valued at $89,876,426.56. The trade was a 4.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO John E. Waldron sold 9,244 shares of the business's stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $750.11, for a total transaction of $6,934,016.84. Following the sale, the chief operating officer directly owned 115,268 shares of the company's stock, valued at approximately $86,463,679.48. This trade represents a 7.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 38,323 shares of company stock valued at $28,111,828 over the last ninety days. Company insiders own 0.55% of the company's stock.

The Goldman Sachs Group Company 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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