Maj Invest Holding A S Sells 68,504 Shares of The Goldman Sachs Group, Inc. $GS

Key Points

• Maj Invest Holding A S has reduced its stake in The Goldman Sachs Group by 45.5%, selling 68,504 shares and now holding 82,200 shares, valued at approximately $58.17 million.
• Analysts have varied opinions on Goldman Sachs, with Morgan Stanley lowering its target price to $828, while Deutsche Bank raised it to $790, reflecting differing expectations for the firm's performance.
• The Goldman Sachs Group recently declared a quarterly dividend of $4.00, which will be paid on December 30th, reflecting an annualized yield of 2.1%.

Maj Invest Holding A S reduced its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 45.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 82,200 shares of the investment management company's stock after selling 68,504 shares during the period. The Goldman Sachs Group comprises 2.0% of Maj Invest Holding A S's investment portfolio, making the stock its 19th largest position. Maj Invest Holding A S's holdings in The Goldman Sachs Group were worth $58,175,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Winthrop Advisory Group LLC increased its stake in shares of The Goldman Sachs Group by 3.4% in the second quarter. Winthrop Advisory Group LLC now owns 429 shares of the investment management company's stock worth $303,000 after buying an additional 14 shares during the period. Dumont & Blake Investment Advisors LLC boosted its position in The Goldman Sachs Group by 0.7% during the 2nd quarter. Dumont & Blake Investment Advisors LLC now owns 2,241 shares of the investment management company's stock valued at $1,586,000 after buying an additional 15 shares during the period. Mechanics Financial Corp grew its holdings in The Goldman Sachs Group by 5.8% in the 2nd quarter. Mechanics Financial Corp now owns 294 shares of the investment management company's stock worth $208,000 after acquiring an additional 16 shares during the last quarter. Ridgewood Investments LLC increased its position in shares of The Goldman Sachs Group by 45.9% in the second 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 during the period. Finally, Bank of Stockton increased its position in shares of The Goldman Sachs Group by 0.7% in the second quarter. Bank of Stockton now owns 2,485 shares of the investment management company's stock valued at $1,759,000 after acquiring an additional 17 shares during the period. Hedge funds and other institutional investors own 71.21% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on GS shares. Morgan Stanley dropped their target price on shares of The Goldman Sachs Group from $854.00 to $828.00 and set an "equal weight" rating for the company in a report on Wednesday, October 15th. Deutsche Bank Aktiengesellschaft increased their price objective on The Goldman Sachs Group from $725.00 to $790.00 and gave the stock a "hold" rating in a report on Tuesday, September 30th. Wall Street Zen upgraded The Goldman Sachs Group from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th. Citigroup upped their target price on The Goldman Sachs Group from $700.00 to $765.00 and gave the company a "neutral" rating in a report on Thursday. Finally, BMO Capital Markets began coverage on The Goldman Sachs Group in a research note on Friday, October 3rd. They issued a "market perform" rating and a $785.00 price target for the company. Four research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, The Goldman Sachs Group currently has an average rating of "Hold" and an average target price of $771.00.

Insider Buying and Selling

In other The Goldman Sachs Group news, COO John E. Waldron sold 9,244 shares of The Goldman Sachs Group stock in a transaction 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 completion of the transaction, the chief operating officer owned 115,268 shares in the company, valued at approximately $86,463,679.48. The trade was a 7.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John F.W. Rogers sold 6,008 shares of the stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $717.39, for a total value 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 approximately $47,176,283.79. This represents a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,323 shares of company stock worth $28,111,828 in the last 90 days. Corporate insiders own 0.55% of the company's stock.

The Goldman Sachs Group Stock Up 1.6%

NYSE:GS opened at $763.11 on Tuesday. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.11 and a quick ratio of 0.67. The firm's 50-day moving average price is $766.13 and its 200-day moving average price is $673.57. The company has a market capitalization of $231.01 billion, a PE ratio of 15.50, a P/E/G ratio of 1.39 and a beta of 1.42. The Goldman Sachs Group, Inc. has a 1-year low of $439.38 and a 1-year high of $825.25.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its quarterly earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share (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 analysts' expectations of $13.68 billion. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 14.79%. The Goldman Sachs Group's revenue was up 19.5% on a year-over-year basis. During the same period last year, the company posted $8.40 EPS. On average, equities analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 2nd will be paid 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 dividend payout ratio is presently 32.50%.

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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