Mn Services Vermogensbeheer B.V. Sells 2,000 Shares of The Goldman Sachs Group, Inc. $GS

Key Points

• Mn Services Vermogensbeheer B.V. reduced its position in The Goldman Sachs Group by 3.2%, holding 59,600 shares worth $42,182,000 after selling 2,000 shares in Q2.
• The Goldman Sachs Group reported a quarterly EPS of $10.91, exceeding the consensus estimate of $9.82, with revenues of $14.58 billion, marking a 14.5% year-over-year increase.
• The company has announced a dividend increase to $4.00 per share, up from $3.00, with a dividend yield of 2.0% planned for distribution on September 29th.

Mn Services Vermogensbeheer B.V. lowered its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 3.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 59,600 shares of the investment management company's stock after selling 2,000 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in The Goldman Sachs Group were worth $42,182,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of GS. Clal Insurance Enterprises Holdings Ltd bought a new stake in The Goldman Sachs Group in the 1st quarter valued at about $25,000. American Capital Advisory LLC bought a new stake in shares of The Goldman Sachs Group during the 1st quarter worth approximately $29,000. Godsey & Gibb Inc. lifted its holdings in shares of The Goldman Sachs Group by 170.0% during the 1st quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock worth $30,000 after acquiring an additional 34 shares during the period. Mascagni Wealth Management Inc. bought a new stake in shares of The Goldman Sachs Group during the 4th quarter worth approximately $31,000. Finally, Lowe Wealth Advisors LLC lifted its holdings in shares of The Goldman Sachs Group by 326.7% during the 1st quarter. Lowe Wealth Advisors LLC now owns 64 shares of the investment management company's stock worth $35,000 after acquiring an additional 49 shares during the period. Institutional investors and hedge funds own 71.21% of the company's stock.

Insiders Place Their Bets

In other news, COO John E. Waldron sold 9,000 shares of The Goldman Sachs Group stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $750.51, for a total value of $6,754,590.00. Following the completion of the transaction, the chief operating officer owned 106,268 shares of the company's stock, valued at $79,755,196.68. The trade was a 7.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John F.W. Rogers sold 6,008 shares of The Goldman Sachs Group stock in a transaction dated 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 owned 65,761 shares of the company's stock, valued at $47,176,283.79. The trade was a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,323 shares of company stock worth $28,111,828. Insiders own 0.55% of the company's stock.

The Goldman Sachs Group Price Performance

Shares of GS traded up $0.14 during midday trading on Friday, hitting $804.45. 3,788,014 shares of the company traded hands, compared to its average volume of 1,604,564. The company has a debt-to-equity ratio of 2.57, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a 50-day moving average of $738.03 and a 200-day moving average of $638.00. The firm has a market cap of $243.52 billion, a P/E ratio of 17.73, a PEG ratio of 1.68 and a beta of 1.41. The Goldman Sachs Group, Inc. has a one year low of $439.38 and a one year high of $809.66.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 16th. The investment management company reported $10.91 earnings per share for the quarter, topping the consensus estimate of $9.82 by $1.09. The Goldman Sachs Group had a net margin of 12.37% and a return on equity of 14.32%. The company had revenue of $14.58 billion for the quarter, compared to analysts' expectations of $13.53 billion. During the same period in the prior year, the business earned $8.62 earnings per share. The Goldman Sachs Group's revenue for the quarter was up 14.5% compared to the same quarter last year. As a group, sell-side analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, August 29th will be paid a $4.00 dividend. The ex-dividend date of this dividend is Friday, August 29th. This is a positive change from The Goldman Sachs Group's previous quarterly dividend of $3.00. This represents a $16.00 dividend on an annualized basis and a yield of 2.0%. The Goldman Sachs Group's payout ratio is 35.26%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. HSBC reissued a "reduce" rating and issued a $627.00 price objective (up previously from $558.00) on shares of The Goldman Sachs Group in a research note on Tuesday, July 8th. Evercore ISI set a $715.00 price objective on The Goldman Sachs Group and gave the company an "outperform" rating in a report on Thursday, July 10th. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of The Goldman Sachs Group in a report on Thursday, July 10th. Citigroup boosted their price target on The Goldman Sachs Group from $550.00 to $700.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. Finally, Wells Fargo & Company lifted their target price on shares of The Goldman Sachs Group from $785.00 to $855.00 and gave the stock an "overweight" rating in a research report on Tuesday. Five research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $665.00.

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.