Profund Advisors LLC has $3.99M position in The Goldman Sachs Group, Inc. (NYSE:GS)

Profund Advisors LLC reduced its stake in The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 3.7% during the second quarter, HoldingsChannel reports. The fund owned 8,810 shares of the investment management company’s stock after selling 338 shares during the quarter. Profund Advisors LLC’s holdings in The Goldman Sachs Group were worth $3,985,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of GS. POM Investment Strategies LLC acquired a new stake in shares of The Goldman Sachs Group during the 2nd quarter worth approximately $26,000. Headlands Technologies LLC purchased a new position in The Goldman Sachs Group in the second quarter valued at approximately $27,000. First Personal Financial Services bought a new position in Goldman Sachs Group in the first quarter valued at about $25,000. SJS Investment Consulting Inc. boosted its stake in The Goldman Sachs Group by 103.3% in the second quarter. SJS Investment Consulting Inc. now owns 61 shares of the investment management company’s stock valued at $28,000 after acquiring an additional 31 shares in the last quarter. Finally, Quest Partners LLC raised its position in The Goldman Sachs Group by 6,300.0% in the second quarter. Quest Partners LLC now owns 64 shares of the investment management company’s stock worth $29,000 after acquiring an additional 63 shares during the last quarter. 71.21% of the shares are currently held by hedge funds and other institutional investors.

Goldman Sachs Group Stock Performance

GS opened at $498.43 on Friday. The stock’s 50-day simple moving average is $491.96, and its 200-day simple moving average is $454.73. The company has a current ratio of 0.72, a quick ratio of 0.72, and a debt-to-equity ratio of 2.20. The stock has a market cap of $160.73 billion, a PE ratio of 19.46, a P/E/G ratio of 0.73 and a beta of 1.36. Goldman Sachs Group, Inc. has a 1 year low of $289.36 and a 1 year high of $517.26.

Goldman Sachs Group (NYSE:GS – Get Free Report ) last announced its quarterly earnings results on Monday, July 15th. The investment management company reported $8.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.52 by $0.10. The firm had revenue of $12.73 billion for the quarter, compared to analyst estimates of $12.60 billion. Goldman Sachs Group had a net margin of 9.36% and a return on equity of 10.56%. Sell-side analysts estimate that The Goldman Sachs Group, Inc. will post 35.5 EPS for the current year.

Goldman Sachs Group increased dividends

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be paid a dividend of $3.00 per share. This is an increase from Goldman Sachs Group’s previous quarterly dividend of $2.75. The ex-dividend date of this dividend is Friday, August 30. This represents a dividend of $12.00 on an annualized basis and a yield of 2.41%. Goldman Sachs Group’s dividend payout ratio (DPR) is currently 46.86%.

Insider Buying and Selling at The Goldman Sachs Group

In other news, Director Thomas K. Montag sold 10,000 shares of the stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $505.04, for a total value of $5,050,400.00. Following the completion of the transaction, the director now directly owns 12,450 shares of the company’s stock, valued at approximately $6,287,748. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Thomas K. Montag sold 10,000 shares of the business’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $505.04, for a total value of $5,050,400.00. Following the sale, the director now owns 12,450 shares of the company’s stock, valued at approximately $6,287,748. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC’s website. Also, insider Brian J. Lee sold 3,500 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $505.99, for a total transaction of $1,770,965.00. Following the transaction, the insider now directly owns 12,095 shares of the company’s stock, valued at $6,119,949.05. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s shares.

Analyst upgrades and downgrades

GS has been the subject of several analyst reports. Oppenheimer boosted their price objective on shares of The Goldman Sachs Group from $504.00 to $559.00 and gave the stock an “outperform” rating in a report on Tuesday, July 16th. Seaport Res Ptn downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 2nd. Morgan Stanley boosted their price objective on The Goldman Sachs Group from $513.00 to $561.00 and gave the company an “overweight” rating in a report on Tuesday, July 30th. Citigroup upped their price target on The Goldman Sachs Group from $460.00 to $485.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 16th. Finally, Evercore ISI lifted their target price on shares of The Goldman Sachs Group from $475.00 to $520.00 and gave the company an “outperform” rating in a research report on Tuesday, the 16th July. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Goldman Sachs Group currently has a consensus rating of “Moderate Buy” and an average price target of $496.44, according to MarketBeat.com .

Read our latest report on GS

About the Goldman Sachs Group

(Free Report)

Goldman Sachs Group, Inc, a financial institution, provides a wide range of financial services to 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 loans and acquisition financing, as well as secured loans, through structured credit and asset-backed loans and involved in financing under securities resale agreements.

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