The Goldman Sachs Group, Inc. $GS Stock Position Lowered by Red Lighthouse Investment Management LLC

Red Lighthouse Investment Management LLC lessened its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 76.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 971 shares of the investment management company's stock after selling 3,190 shares during the quarter. Red Lighthouse Investment Management LLC's holdings in The Goldman Sachs Group were worth $687,000 as of its most recent filing with the SEC.

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Several other hedge funds have also made changes to their positions in the company. Winthrop Advisory Group LLC lifted its position in shares of The Goldman Sachs Group by 3.4% in the 2nd quarter. Winthrop Advisory Group LLC now owns 429 shares of the investment management company's stock valued at $303,000 after acquiring an additional 14 shares in the last quarter. KPP Advisory Services LLC lifted its position in shares of The Goldman Sachs Group by 2.1% in the 2nd quarter. KPP Advisory Services LLC now owns 668 shares of the investment management company's stock valued at $473,000 after acquiring an additional 14 shares in the last quarter. Avion Wealth lifted its position in shares of The Goldman Sachs Group by 31.1% in the 2nd quarter. Avion Wealth now owns 59 shares of the investment management company's stock valued at $41,000 after acquiring an additional 14 shares in the last quarter. Dumont & Blake Investment Advisors LLC lifted its position in shares of The Goldman Sachs Group by 0.7% in the 2nd quarter. Dumont & Blake Investment Advisors LLC now owns 2,241 shares of the investment management company's stock valued at $1,586,000 after acquiring an additional 15 shares in the last quarter. Finally, Mechanics Financial Corp lifted its position in shares of The Goldman Sachs Group by 5.8% in the 2nd quarter. Mechanics Financial Corp now owns 294 shares of the investment management company's stock valued at $208,000 after acquiring an additional 16 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company's stock.

Insider Activity at The Goldman Sachs Group

In other news, COO John E. Waldron sold 9,244 shares of the stock in a transaction on 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 owned 115,268 shares in the company, valued at $86,463,679.48. This represents a 7.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.55% of the stock is currently owned by company insiders.

The Goldman Sachs Group Stock Performance

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Shares of GS opened at $784.09 on Monday. The company's fifty day moving average is $767.57 and its 200-day moving average is $681.50. 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 market cap of $237.36 billion, a price-to-earnings ratio of 15.93, a price-to-earnings-growth ratio of 1.43 and a beta of 1.42. 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 Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings results on Tuesday, October 14th. The investment management company reported $12.25 EPS for the quarter, topping the consensus estimate 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 company had revenue of $11.33 billion for the quarter, compared to analyst estimates of $13.68 billion. During the same quarter in the prior year, the business posted $8.40 EPS. The Goldman Sachs Group's quarterly revenue was up 19.5% on a year-over-year basis. Equities analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

• Goldman Sachs Earnings Tell: Markets Seem Okay

The firm 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. The ex-dividend date is Tuesday, December 2nd. This represents a $16.00 annualized dividend and a dividend yield of 2.0%. The Goldman Sachs Group's dividend payout ratio is 32.50%.

Analysts Set New Price Targets

GS has been the subject of several research analyst reports. JMP Securities restated a "market perform" rating and issued a $600.00 price target on shares of The Goldman Sachs Group in a research report on Monday, July 14th. Evercore ISI upped 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. Wall Street Zen upgraded shares of The Goldman Sachs Group from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Citigroup upped their price objective on shares of The Goldman Sachs Group from $700.00 to $765.00 and gave the company a "neutral" rating in a research note on Thursday, October 16th. Finally, Zacks Research lowered shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 16th. Three investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $779.50.

Get Our Latest Stock Analysis on GS

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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