Mattson Financial Services LLC Sells 811 Shares of The Goldman Sachs Group, Inc. $GS

Key Points

• Mattson Financial Services LLC reduced its stake in The Goldman Sachs Group, selling 811 shares and lowering its holdings by 10.2%, while still maintaining ownership of 7,131 shares, which represents 1.4% of its portfolio.
• The Goldman Sachs Group reported a surprising EPS of $12.25 for the latest quarter, exceeding estimates, but revenue fell short of projections at $11.33 billion.
• The firm announced a quarterly dividend of $4.00, which will be paid on December 30th, reflecting an annualized dividend yield of 2.1%.

Mattson Financial Services LLC cut its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 10.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,131 shares of the investment management company's stock after selling 811 shares during the period. The Goldman Sachs Group comprises approximately 1.4% of Mattson Financial Services LLC's portfolio, making the stock its 14th biggest holding. Mattson Financial Services LLC's holdings in The Goldman Sachs Group were worth $5,047,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Dogwood Wealth Management LLC grew its holdings in shares of The Goldman Sachs Group by 1,800.0% in the second 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. Clal Insurance Enterprises Holdings Ltd bought a new position in shares of The Goldman Sachs Group in the first quarter valued at approximately $25,000. American Capital Advisory LLC bought a new position in shares of The Goldman Sachs Group in the first quarter valued at approximately $29,000. Ridgewood Investments LLC lifted its stake in 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 purchasing an additional 17 shares during the last quarter. Finally, Cornerstone Planning Group LLC lifted its stake in The Goldman Sachs Group by 46.9% in the first quarter. Cornerstone Planning Group LLC now owns 72 shares of the investment management company's stock valued at $38,000 after purchasing an additional 23 shares during the last quarter. 71.21% of the stock is owned by institutional investors.

The Goldman Sachs Group Trading Down 1.4%

NYSE:GS opened at $757.33 on Friday. The company has a market cap of $229.26 billion, a P/E ratio of 15.38, a P/E/G ratio of 1.44 and a beta of 1.42. The stock's fifty day moving average price is $764.67 and its two-hundred day moving average price is $668.27. The Goldman Sachs Group, Inc. has a 1 year low of $439.38 and a 1 year high of $825.25. 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 Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.27 by $1.98. The firm had revenue of $11.33 billion for the quarter, compared to the consensus estimate of $13.68 billion. The Goldman Sachs Group had a return on equity of 14.79% and a net margin of 13.18%.The business's quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $8.40 earnings per share. As a group, analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 2nd will be given a $4.00 dividend. 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 (DPR) is 32.50%.

Insiders Place Their Bets

In related news, CEO David M. Solomon sold 6,608 shares of the stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $712.31, for a total value of $4,706,944.48. Following the sale, the chief executive officer owned 126,176 shares in the company, valued at approximately $89,876,426.56. This trade represents a 4.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Denis P. Coleman sold 7,463 shares of the stock in a transaction on 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 sale, the chief financial officer owned 18,594 shares in the company, valued at $13,469,493.60. This trade represents a 28.64% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,323 shares of company stock worth $28,111,828. 0.55% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently commented on the company. BMO Capital Markets assumed 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 objective on the stock. JMP Securities reiterated a "market perform" rating and issued a $600.00 price objective on shares of The Goldman Sachs Group in a research note on Monday, July 14th. Deutsche Bank Aktiengesellschaft upped their price objective on The Goldman Sachs Group from $725.00 to $790.00 and gave the company a "hold" rating in a research note on Tuesday, September 30th. Keefe, Bruyette & Woods upped their price objective on The Goldman Sachs Group from $790.00 to $850.00 and gave the company a "market perform" rating in a research note on Friday, October 10th. Finally, Citizens Jmp reiterated a "market perform" rating on shares of The Goldman Sachs Group in a research note on Monday, July 14th. Four research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $769.40.

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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