Goldman Sachs Group, Inc. (The) (GS) Shares Sold by Symmetry Peak Management LLC

Symmetry Peak Management LLC lowered its stake in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) by 95.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,000 shares of the investment management company’s stock after selling 66,000 shares during the quarter. Symmetry Peak Management LLC’s holdings in Goldman Sachs Group, Inc. (The) were worth $666,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of GS. Sumitomo Mitsui Financial Group Inc. bought a new position in shares of Goldman Sachs Group, Inc. (The) in the 2nd quarter valued at about $101,000. WealthTrust Arizona LLC boosted its stake in shares of Goldman Sachs Group, Inc. (The) by 97.1% in the 2nd quarter. WealthTrust Arizona LLC now owns 469 shares of the investment management company’s stock valued at $104,000 after purchasing an additional 231 shares during the last quarter. Sterling Investment Advisors Ltd. boosted its stake in shares of Goldman Sachs Group, Inc. (The) by 35.7% in the 2nd quarter. Sterling Investment Advisors Ltd. now owns 475 shares of the investment management company’s stock valued at $105,000 after purchasing an additional 125 shares during the last quarter. Shine Investment Advisory Services Inc. bought a new position in shares of Goldman Sachs Group, Inc. (The) in the 2nd quarter valued at about $111,000. Finally, First Personal Financial Services boosted its stake in shares of Goldman Sachs Group, Inc. (The) by 230.2% in the 2nd quarter. First Personal Financial Services now owns 525 shares of the investment management company’s stock valued at $116,000 after purchasing an additional 366 shares during the last quarter. 73.21% of the stock is currently owned by hedge funds and other institutional investors.

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Goldman Sachs Group, Inc. (The) (NYSE:GS) last issued its earnings results on Tuesday, October 17th. The investment management company reported $5.02 earnings per share for the quarter, topping analysts’ consensus estimates of $4.17 by $0.85. Goldman Sachs Group, Inc. (The) had a return on equity of 11.32% and a net margin of 26.42%. The company had revenue of $8.33 billion for the quarter, compared to analyst estimates of $7.59 billion. During the same period in the prior year, the firm earned $4.88 earnings per share. Goldman Sachs Group, Inc. (The)’s revenue for the quarter was up 2.0% on a year-over-year basis.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date is Wednesday, November 29th. Goldman Sachs Group, Inc. (The)’s payout ratio is 15.63%.

Several research analysts have recently issued reports on GS shares. Societe Generale set a $198.00 target price on shares of Goldman Sachs Group, Inc. (The) and gave the company a “sell” rating in a research note on Thursday, October 19th. TheStreet raised shares of Goldman Sachs Group, Inc. (The) from a “c+” rating to a “b” rating in a research note on Friday, October 13th. Zacks Investment Research raised shares of Goldman Sachs Group, Inc. (The) from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Citigroup Inc. reaffirmed a “neutral” rating and issued a $250.00 target price (up previously from $225.00) on shares of Goldman Sachs Group, Inc. (The) in a research note on Monday, October 9th. Finally, Morgan Stanley raised their target price on shares of Goldman Sachs Group, Inc. (The) from $265.00 to $287.00 and gave the company an “overweight” rating in a research note on Wednesday, October 18th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $244.98.

In other news, insider David M. Solomon sold 3,260 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $231.59, for a total transaction of $754,983.40. Following the transaction, the insider now directly owns 177,594 shares of the company’s stock, valued at $41,128,994.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Harvey M. Schwartz sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $245.00, for a total value of $6,125,000.00. The disclosure for this sale can be found here. Insiders have sold 58,289 shares of company stock worth $14,036,920 over the last ninety days. 2.57% of the stock is owned by insiders.

Goldman Sachs Group, Inc. (The) Profile

The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.

Institutional Ownership by Quarter for Goldman Sachs Group, Inc. (The) (NYSE:GS)

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