Mutual of America Capital Management LLC Decreases Position in The Goldman Sachs Group, Inc. $GS

Key Points

• Mutual of America Capital Management LLC reduced its stake in The Goldman Sachs Group, Inc. by 3.1% during the second quarter, holding 37,411 shares valued at approximately $26.5 million.
• The company recently announced a quarterly dividend of $4.00 per share, resulting in an annualized dividend of $16.00 and a yield of 2.1%.
• Goldman Sachs' latest earnings report exceeded analysts' expectations with $12.25 earnings per share and revenue of $11.33 billion, though revenue fell short of the estimated $13.68 billion.

Mutual of America Capital Management LLC cut its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 3.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 37,411 shares of the investment management company's stock after selling 1,178 shares during the period. Mutual of America Capital Management LLC's holdings in The Goldman Sachs Group were worth $26,478,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Clal Insurance Enterprises Holdings Ltd bought a new stake in shares of The Goldman Sachs Group in the first quarter worth approximately $25,000. Dogwood Wealth Management LLC grew its stake 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 worth $26,000 after acquiring an additional 36 shares during the period. American Capital Advisory LLC bought a new stake in shares of The Goldman Sachs Group in the first quarter worth approximately $29,000. Cornerstone Planning Group LLC grew its stake in shares of 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 worth $38,000 after acquiring an additional 23 shares during the period. Finally, Ridgewood Investments LLC grew its stake 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 worth $38,000 after acquiring an additional 17 shares during the period. 71.21% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other The Goldman Sachs Group news, CEO David M. Solomon sold 6,608 shares of the company'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 value of $4,706,944.48. Following the completion of the transaction, the chief executive officer directly owned 126,176 shares in the company, valued at $89,876,426.56. This represents a 4.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO John E. Waldron sold 9,244 shares of the company'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 completion of the transaction, the chief operating officer owned 115,268 shares of the company's stock, valued at approximately $86,463,679.48. The trade was a 7.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,323 shares of company stock valued at $28,111,828. Company insiders own 0.55% of the company's stock.

The Goldman Sachs Group Stock Performance

Shares of NYSE GS opened at $750.71 on Friday. The firm has a 50 day moving average of $765.25 and a 200 day moving average of $670.40. 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 firm has a market capitalization of $227.25 billion, a price-to-earnings ratio of 15.25, a price-to-earnings-growth ratio of 1.39 and a beta of 1.42. The Goldman Sachs Group, Inc. has a 12-month low of $439.38 and a 12-month high of $825.25.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share for the quarter, topping analysts' consensus estimates of $10.27 by $1.98. The business had revenue of $11.33 billion during the quarter, compared to analyst estimates of $13.68 billion. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 14.79%. The company's revenue was up 19.5% on a year-over-year basis. During the same period in the prior year, the business posted $8.40 earnings per share. On average, research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders 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 is presently 32.50%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of The Goldman Sachs Group from $725.00 to $790.00 and gave the stock a "hold" rating in a research note on Tuesday, September 30th. Citigroup lifted their price target on shares of The Goldman Sachs Group from $700.00 to $765.00 and gave the stock a "neutral" rating in a research note on Thursday. BMO Capital Markets assumed coverage on shares of 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. Weiss Ratings reiterated a "hold (c+)" rating on shares of The Goldman Sachs Group in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of The Goldman Sachs Group from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th. Four equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $770.73.

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.

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