The Goldman Sachs Group, Inc. (NYSE:GS) Stock Position Trimmed by Jupiter Asset Management Ltd.

Key Points

• Jupiter Asset Management Ltd. reduced its stake in The Goldman Sachs Group by 24.7%, selling 10,718 shares and holding a total of 32,703 shares worth $17,865,000 as of the last filing.
• Goldman Sachs reported a quarterly EPS of $10.91, surpassing analysts' expectations of $9.82, alongside a revenue of $14.58 billion, also above the predicted $13.53 billion.
• The board announced a quarterly dividend increase to $4.00 per share, which translates to an annualized rate of $16.00, reflecting a 2.3% yield with a current payout ratio of 26.44%.

Jupiter Asset Management Ltd. lowered its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 24.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 32,703 shares of the investment management company's stock after selling 10,718 shares during the quarter. Jupiter Asset Management Ltd.'s holdings in The Goldman Sachs Group were worth $17,865,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in The Goldman Sachs Group by 63,864.7% during the first quarter. GAMMA Investing LLC now owns 3,976,684 shares of the investment management company's stock worth $2,172,423,000 after purchasing an additional 3,970,467 shares during the period. FMR LLC raised its stake in The Goldman Sachs Group by 23.7% during the fourth quarter. FMR LLC now owns 3,586,348 shares of the investment management company's stock worth $2,053,614,000 after purchasing an additional 687,711 shares during the period. Northern Trust Corp raised its stake in The Goldman Sachs Group by 15.0% during the fourth quarter. Northern Trust Corp now owns 3,292,679 shares of the investment management company's stock worth $1,885,454,000 after purchasing an additional 428,502 shares during the period. International Assets Investment Management LLC purchased a new position in The Goldman Sachs Group during the first quarter worth approximately $1,766,238,000. Finally, Invesco Ltd. raised its stake in The Goldman Sachs Group by 8.3% during the fourth quarter. Invesco Ltd. now owns 3,010,583 shares of the investment management company's stock worth $1,723,920,000 after purchasing an additional 229,673 shares during the period. Institutional investors and hedge funds own 71.21% of the company's stock.

Insider Activity

In other news, CFO Denis P. Coleman sold 7,463 shares of The Goldman Sachs Group stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $724.40, for a total value of $5,406,197.20. Following the completion of the transaction, the chief financial officer directly owned 18,594 shares of the company's stock, valued at approximately $13,469,493.60. The trade was a 28.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP John F.W. Rogers sold 6,008 shares of The Goldman Sachs Group stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $717.39, for a total transaction of $4,310,079.12. Following the completion of the transaction, the executive vice president directly owned 65,761 shares of the company's stock, valued at $47,176,283.79. This trade represents a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 20,079 shares of company stock valued at $14,423,221. Company insiders own 0.55% of the company's stock.

The Goldman Sachs Group Stock Down 1.2%

GS stock traded down $8.81 during mid-day trading on Tuesday, hitting $717.22. 386,958 shares of the company were exchanged, compared to its average volume of 2,604,158. The company has a market capitalization of $220.07 billion, a PE ratio of 15.77, a price-to-earnings-growth ratio of 1.51 and a beta of 1.38. The company has a current ratio of 1.12, a quick ratio of 0.68 and a debt-to-equity ratio of 2.26. The Goldman Sachs Group, Inc. has a twelve month low of $439.38 and a twelve month high of $737.88. The firm has a fifty day simple moving average of $672.36 and a 200 day simple moving average of $611.57.

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 for the quarter, topping the consensus estimate of $9.82 by $1.09. The company 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 13.84%. The firm's revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period last year, the business earned $8.62 EPS. On average, research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share 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. Stockholders of record on Friday, August 29th will be issued a $4.00 dividend. This is a boost from The Goldman Sachs Group's previous quarterly dividend of $3.00. The ex-dividend date of this dividend is Friday, August 29th. This represents a $16.00 annualized dividend and a dividend yield of 2.2%. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 26.44%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on GS shares. Citizens Jmp reissued a "market perform" rating on shares of The Goldman Sachs Group in a research note on Monday, July 14th. JMP Securities reissued a "market perform" rating and issued a $600.00 target price on shares of The Goldman Sachs Group in a research note on Monday, July 14th. Royal Bank Of Canada reissued a "sector perform" rating on shares of The Goldman Sachs Group in a research note on Thursday, July 10th. Wall Street Zen raised shares of The Goldman Sachs Group from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Finally, Citigroup raised their target price on shares of The Goldman Sachs Group from $550.00 to $700.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, The Goldman Sachs Group presently has a consensus rating of "Hold" and a consensus target price of $660.00.

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.