The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC trimmed its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 45.9% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 45,912 shares of the investment management company's stock after selling 38,960 shares during the quarter. Los Angeles Capital Management LLC's holdings in The Goldman Sachs Group were worth $25,081,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. American Capital Advisory LLC purchased a new position in The Goldman Sachs Group during the 1st quarter valued at $29,000. Godsey & Gibb Inc. grew its position in shares of The Goldman Sachs Group by 170.0% in the 1st quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock worth $30,000 after buying an additional 34 shares during the period. Transce3nd LLC purchased a new stake in shares of The Goldman Sachs Group in the 4th quarter worth about $31,000. Mascagni Wealth Management Inc. purchased a new stake in shares of The Goldman Sachs Group in the 4th quarter worth about $31,000. Finally, Lowe Wealth Advisors LLC grew its position in shares of The Goldman Sachs Group by 326.7% in the 1st quarter. Lowe Wealth Advisors LLC now owns 64 shares of the investment management company's stock worth $35,000 after buying an additional 49 shares during the period. 71.21% of the stock is currently owned by institutional investors.

The Goldman Sachs Group Trading Down 0.7%

NYSE:GS traded down $4.96 during trading hours on Tuesday, reaching $701.04. The company's stock had a trading volume of 1,978,572 shares, compared to its average volume of 2,363,340. The Goldman Sachs Group, Inc. has a 1 year low of $437.37 and a 1 year high of $726.00. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.68 and a current ratio of 1.12. The firm has a 50-day simple moving average of $647.01 and a 200-day simple moving average of $601.27. The firm has a market capitalization of $215.11 billion, a price-to-earnings ratio of 15.45, a PEG ratio of 0.94 and a beta of 1.35.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its earnings results on Wednesday, July 16th. The investment management company reported $10.91 EPS for the quarter, beating analysts' consensus estimates of $9.82 by $1.09. The Goldman Sachs Group had a net margin of 12.37% and a return on equity of 13.84%. The business had revenue of $14.58 billion during the quarter, compared to analysts' expectations of $13.53 billion. During the same period in the prior year, the company earned $8.62 earnings per share. The firm's revenue was up 14.5% on a year-over-year basis. Research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Friday, August 29th will be given a dividend of $4.00 per share. This is a boost from The Goldman Sachs Group's previous quarterly dividend of $3.00. The ex-dividend date is Friday, August 29th. This represents a $16.00 annualized dividend and a dividend yield of 2.28%. The Goldman Sachs Group's payout ratio is presently 26.44%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on GS shares. 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. Wall Street Zen upgraded The Goldman Sachs Group from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. Hsbc Global Res downgraded The Goldman Sachs Group from a "hold" rating to a "moderate sell" rating in a research report on Tuesday, July 8th. Evercore ISI set a $715.00 target price on The Goldman Sachs Group and gave the company an "outperform" rating in a report on Thursday, July 10th. Finally, Morgan Stanley increased their target price on The Goldman Sachs Group from $680.00 to $715.00 and gave the company an "equal weight" rating in a research note on Thursday, July 17th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $660.00.

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.