The Goldman Sachs Group, Inc. $GS Shares Sold by Strategic Blueprint LLC

Key Points

• Strategic Blueprint LLC reduced its stake in The Goldman Sachs Group by 45% during Q2, owning 1,800 shares valued at approximately $1.27 million after the sale.
• Chief Operating Officer John E. Waldron sold 9,244 shares for nearly $6.93 million, decreasing his ownership by 7.42%.
• The Goldman Sachs Group announced a quarterly dividend of $4.00 per share, with an ex-dividend date of December 2nd, representing an annualized yield of 2.0%.

Strategic Blueprint LLC trimmed its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 45.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,800 shares of the investment management company's stock after selling 1,471 shares during the quarter. Strategic Blueprint LLC's holdings in The Goldman Sachs Group were worth $1,274,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GS. Clal Insurance Enterprises Holdings Ltd purchased a new stake in The Goldman Sachs Group in the first quarter valued at $25,000. Dogwood Wealth Management LLC lifted its position in 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 during the last quarter. American Capital Advisory LLC purchased a new stake in The Goldman Sachs Group in the first quarter valued at $29,000. Cornerstone Planning Group LLC lifted its position 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 acquiring an additional 23 shares during the last quarter. Finally, Ridgewood Investments LLC lifted its position 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 acquiring an additional 17 shares during the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, COO John E. Waldron sold 9,244 shares of the business's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $750.11, for a total transaction of $6,934,016.84. Following the transaction, the chief operating officer directly owned 115,268 shares in the company, valued at $86,463,679.48. The trade was a 7.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.55% of the stock is currently owned by company insiders.

The Goldman Sachs Group Trading Up 4.4%

Shares of The Goldman Sachs Group stock opened at $784.09 on Friday. The Goldman Sachs Group, Inc. has a 52-week low of $439.38 and a 52-week high of $825.25. The company has a quick ratio of 0.67, a current ratio of 1.11 and a debt-to-equity ratio of 2.23. The company's 50-day simple moving average is $767.57 and its 200-day simple moving average is $678.85. The firm has a market cap of $237.36 billion, a price-to-earnings ratio of 15.93, a price-to-earnings-growth ratio of 1.37 and a beta of 1.42.

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, topping analysts' consensus estimates of $10.27 by $1.98. The Goldman Sachs Group had a net margin of 13.18% and a return on equity of 14.79%. The business had revenue of $11.33 billion for the quarter, compared to analyst estimates of $13.68 billion. During the same period in the previous year, the business posted $8.40 earnings per share. The business's revenue was up 19.5% compared to the same quarter last year. As a group, equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd will be paid a dividend of $4.00 per share. This represents a $16.00 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Tuesday, December 2nd. The Goldman Sachs Group's payout ratio is 32.50%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on GS shares. Deutsche Bank Aktiengesellschaft boosted their price target on shares of The Goldman Sachs Group from $725.00 to $790.00 and gave the company a "hold" rating in a research report on Tuesday, September 30th. Zacks Research cut shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 16th. Evercore ISI lifted their price objective on shares of The Goldman Sachs Group from $752.00 to $830.00 and gave the company an "outperform" rating in a research note on Tuesday, September 30th. Wells Fargo & Company lifted their price objective on shares of The Goldman Sachs Group from $785.00 to $855.00 and gave the company an "overweight" rating in a research note on Tuesday, September 16th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of The Goldman Sachs Group from $850.00 to $870.00 and gave the company a "market perform" rating in a research note on Friday, October 17th. Three research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $779.50.

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.

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