MRP Capital Investments LLC Sells 165 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

MRP Capital Investments LLC lowered its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 19.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 695 shares of the investment management company’s stock after selling 165 shares during the quarter. MRP Capital Investments LLC’s holdings in The Goldman Sachs Group were worth $314,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Aveo Capital Partners LLC raised its stake in shares of The Goldman Sachs Group by 8.2% in the fourth quarter. Aveo Capital Partners LLC now owns 697 shares of the investment management company’s stock valued at $269,000 after buying an additional 53 shares during the period. Clearbridge Investments LLC raised its stake in The Goldman Sachs Group by 1.1% in the 4th quarter. Clearbridge Investments LLC now owns 189,162 shares of the investment management company’s stock valued at $72,973,000 after acquiring an additional 1,998 shares during the period. Sachetta LLC bought a new position in The Goldman Sachs Group during the fourth quarter worth about $55,000. Assetmark Inc. boosted its position in The Goldman Sachs Group by 33.0% during the fourth quarter. Assetmark Inc. now owns 22,882 shares of the investment management company’s stock worth $8,827,000 after purchasing an additional 5,674 shares during the period. Finally, Davis R M Inc. boosted its position in The Goldman Sachs Group by 7.1% during the fourth quarter. Davis R M Inc. now owns 1,133 shares of the investment management company’s stock worth $437,000 after purchasing an additional 75 shares during the period. Institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Price Performance

GS stock opened at $484.70 on Thursday. The firm has a 50 day simple moving average of $491.10 and a two-hundred day simple moving average of $453.20. The stock has a market cap of $156.30 billion, a PE ratio of 18.93, a P/E/G ratio of 0.73 and a beta of 1.36. The Goldman Sachs Group, Inc. has a one year low of $289.36 and a one year high of $517.26. The company has a debt-to-equity ratio of 2.20, a current ratio of 0.72 and a quick ratio of 0.72.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Monday, July 15th. The investment management company reported $8.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.52 by $0.10. The company had revenue of $12.73 billion during the quarter, compared to the consensus estimate of $12.60 billion. The Goldman Sachs Group had a net margin of 9.36% and a return on equity of 10.56%. On average, analysts predict that The Goldman Sachs Group, Inc. will post 35.5 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be issued a $3.00 dividend. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $2.75. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend is Friday, August 30th. The Goldman Sachs Group’s dividend payout ratio is presently 46.86%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on GS shares. Seaport Res Ptn downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 2nd. Citigroup raised their price target on The Goldman Sachs Group from $460.00 to $485.00 and gave the stock a “neutral” rating in a report on Tuesday, July 16th. Wells Fargo & Company lifted their price target on The Goldman Sachs Group from $504.00 to $550.00 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. Oppenheimer increased their price objective on The Goldman Sachs Group from $504.00 to $559.00 and gave the stock an “outperform” rating in a report on Tuesday, July 16th. Finally, BMO Capital Markets lifted their target price on The Goldman Sachs Group from $360.00 to $373.00 and gave the company a “market perform” rating in a report on Wednesday, July 17th. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $496.44.

Insider Activity

In related news, Director Thomas K. Montag sold 10,000 shares of the business’s 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 sale, the director now owns 12,450 shares in the company, valued at approximately $6,287,748. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Thomas K. Montag sold 10,000 shares of The Goldman Sachs Group stock in a transaction on 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 transaction, the director now owns 12,450 shares in the company, valued at approximately $6,287,748. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Brian J. Lee sold 3,500 shares of the company’s 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 sale, the insider now owns 12,095 shares of the company’s stock, valued at $6,119,949.05. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company’s stock.

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.