The Goldman Sachs Group, Inc. $GS Shares Sold by V Square Quantitative Management LLC

Key Points

• V Square Quantitative Management LLC reduced its stake in Goldman Sachs by 26.7%, owning 1,391 shares valued at $984,000.
• The company reported $10.91 earnings per share, exceeding analyst estimates of $9.82, with a revenue of $14.58 billion in the last quarter.
• A recent quarterly dividend of $4.00 per share was announced, up from the previous $3.00, reflecting a 2.0% yield.

V Square Quantitative Management LLC cut its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 26.7% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 1,391 shares of the investment management company's stock after selling 506 shares during the period. V Square Quantitative Management LLC's holdings in The Goldman Sachs Group were worth $984,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Sound Income Strategies LLC raised its position in The Goldman Sachs Group by 175.8% during the second quarter. Sound Income Strategies LLC now owns 182 shares of the investment management company's stock worth $129,000 after acquiring an additional 116 shares during the period. Norris Perne & French LLP MI acquired a new position in The Goldman Sachs Group during the second quarter worth $246,000. Scott & Selber Inc. raised its position in shares of The Goldman Sachs Group by 0.6% in the second quarter. Scott & Selber Inc. now owns 6,721 shares of the investment management company's stock valued at $4,757,000 after buying an additional 38 shares during the last quarter. Global Trust Asset Management LLC raised its position in shares of The Goldman Sachs Group by 27.6% in the second quarter. Global Trust Asset Management LLC now owns 2,595 shares of the investment management company's stock valued at $1,837,000 after buying an additional 562 shares during the last quarter. Finally, Independence Bank of Kentucky raised its position in shares of The Goldman Sachs Group by 2.0% in the second quarter. Independence Bank of Kentucky now owns 2,307 shares of the investment management company's stock valued at $1,633,000 after buying an additional 45 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Trading Up 0.2%

Shares of GS opened at $804.07 on Tuesday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.57. The Goldman Sachs Group, Inc. has a 12-month low of $439.38 and a 12-month high of $825.25. The firm has a 50-day moving average price of $749.28 and a 200 day moving average price of $649.87. The firm has a market capitalization of $243.41 billion, a P/E ratio of 17.72, a P/E/G ratio of 1.67 and a beta of 1.41.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 16th. The investment management company reported $10.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $9.82 by $1.09. The firm had revenue of $14.58 billion during the quarter, compared to analyst estimates of $13.53 billion. The Goldman Sachs Group had a net margin of 12.37% and a return on equity of 14.32%. The Goldman Sachs Group's quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $8.62 earnings per share. Sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Friday, August 29th were paid a dividend of $4.00 per share. This represents a $16.00 annualized dividend and a yield of 2.0%. This is a boost from The Goldman Sachs Group's previous quarterly dividend of $3.00. The ex-dividend date of this dividend was Friday, August 29th. The Goldman Sachs Group's payout ratio is 35.26%.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 7,463 shares of the stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $724.40, for a total transaction of $5,406,197.20. Following the completion of the transaction, the chief financial officer owned 18,594 shares of the company's stock, valued at $13,469,493.60. This trade represents a 28.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP John F.W. Rogers sold 6,008 shares of the stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $717.39, for a total transaction of $4,310,079.12. Following the transaction, the executive vice president directly owned 65,761 shares of the company's stock, valued at approximately $47,176,283.79. This trade represents a 8.37% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 38,323 shares of company stock worth $28,111,828. 0.55% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on GS shares. Royal Bank Of Canada reiterated a "sector perform" rating on shares of The Goldman Sachs Group in a research report on Thursday, July 10th. 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. Evercore ISI set a $715.00 target price on shares of The Goldman Sachs Group and gave the company an "outperform" rating in a research report on Thursday, July 10th. Keefe, Bruyette & Woods increased their target price on shares of The Goldman Sachs Group from $771.00 to $790.00 and gave the company a "market perform" rating in a research report on Thursday, July 17th. Finally, JMP Securities reiterated a "market perform" rating and issued a $600.00 target price on shares of The Goldman Sachs Group in a research report on Monday, July 14th. 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 stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $674.93.

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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