Goldman Sachs Group Inc (GS) Position Decreased by B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund

B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund lessened its holdings in Goldman Sachs Group Inc (NYSE:GS) by 88.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,164 shares of the investment management company’s stock after selling 8,997 shares during the period. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund’s holdings in Goldman Sachs Group were worth $257,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. LMR Partners LLP increased its stake in Goldman Sachs Group by 330.8% during the 2nd quarter. LMR Partners LLP now owns 3,425 shares of the investment management company’s stock worth $755,000 after buying an additional 2,630 shares in the last quarter. Doyle Wealth Management increased its stake in Goldman Sachs Group by 1.5% during the 1st quarter. Doyle Wealth Management now owns 46,772 shares of the investment management company’s stock worth $11,780,000 after buying an additional 694 shares in the last quarter. Banque Pictet & Cie SA increased its stake in Goldman Sachs Group by 1.0% during the 2nd quarter. Banque Pictet & Cie SA now owns 139,717 shares of the investment management company’s stock worth $30,817,000 after buying an additional 1,394 shares in the last quarter. Commerzbank Aktiengesellschaft FI increased its stake in Goldman Sachs Group by 6.3% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 110,521 shares of the investment management company’s stock worth $24,378,000 after buying an additional 6,535 shares in the last quarter. Finally, GAM Holding AG increased its stake in Goldman Sachs Group by 44.1% during the 2nd quarter. GAM Holding AG now owns 6,040 shares of the investment management company’s stock worth $1,332,000 after buying an additional 1,848 shares in the last quarter. Hedge funds and other institutional investors own 71.04% of the company’s stock.

In related news, insider David M. Solomon sold 8,382 shares of the company’s stock in a transaction that occurred on Wednesday, July 18th. The stock was sold at an average price of $232.08, for a total value of $1,945,294.56. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider David M. Solomon sold 8,488 shares of the company’s stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $237.92, for a total value of $2,019,464.96. The disclosure for this sale can be found here. Corporate insiders own 2.57% of the company’s stock.

Several equities research analysts have commented on GS shares. Credit Suisse Group upgraded Goldman Sachs Group from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 17th. JPMorgan Chase & Co. restated a “buy” rating and set a $285.00 target price on shares of Goldman Sachs Group in a report on Monday, September 10th. Oppenheimer boosted their target price on Goldman Sachs Group from $304.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, July 18th. Societe Generale upgraded Goldman Sachs Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 18th. Finally, Keefe, Bruyette & Woods lowered their target price on Goldman Sachs Group from $260.00 to $255.00 and set a “hold” rating on the stock in a report on Wednesday, July 18th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the stock. Goldman Sachs Group presently has a consensus rating of “Hold” and a consensus price target of $273.69.

Shares of Goldman Sachs Group stock opened at $229.24 on Friday. The company has a market cap of $86.14 billion, a PE ratio of 11.60, a P/E/G ratio of 0.72 and a beta of 1.27. Goldman Sachs Group Inc has a 1-year low of $218.89 and a 1-year high of $275.31. The company has a debt-to-equity ratio of 3.02, a quick ratio of 0.90 and a current ratio of 0.90.

Goldman Sachs Group (NYSE:GS) last issued its earnings results on Tuesday, July 17th. The investment management company reported $5.98 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $4.66 by $1.32. Goldman Sachs Group had a return on equity of 13.58% and a net margin of 15.72%. The business had revenue of $9.40 billion for the quarter, compared to analysts’ expectations of $8.74 billion. During the same period in the previous year, the firm posted $3.95 EPS. The business’s revenue for the quarter was up 19.2% compared to the same quarter last year. analysts expect that Goldman Sachs Group Inc will post 24.92 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 27th. Investors of record on Thursday, August 30th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Wednesday, August 29th. Goldman Sachs Group’s dividend payout ratio is presently 16.19%.

Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.

See Also: How to Calculate Compound Annual Growth Rate (CAGR)

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Institutional Ownership by Quarter for Goldman Sachs Group (NYSE:GS)

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