Orleans Capital Management Corp LA Sells 195 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Orleans Capital Management Corp LA trimmed its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 2.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,747 shares of the investment management company’s stock after selling 195 shares during the quarter. The Goldman Sachs Group makes up approximately 2.2% of Orleans Capital Management Corp LA’s holdings, making the stock its 12th largest position. Orleans Capital Management Corp LA’s holdings in The Goldman Sachs Group were worth $3,504,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of GS. Empowered Funds LLC grew its holdings in The Goldman Sachs Group by 62.7% in the first quarter. Empowered Funds LLC now owns 6,301 shares of the investment management company’s stock worth $2,632,000 after purchasing an additional 2,428 shares during the period. Duality Advisers LP bought a new position in The Goldman Sachs Group during the 1st quarter valued at approximately $1,388,000. BI Asset Management Fondsmaeglerselskab A S raised its stake in The Goldman Sachs Group by 34.2% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 8,256 shares of the investment management company’s stock valued at $3,448,000 after buying an additional 2,103 shares during the last quarter. Axxcess Wealth Management LLC boosted its holdings in The Goldman Sachs Group by 25.5% in the first quarter. Axxcess Wealth Management LLC now owns 12,013 shares of the investment management company’s stock worth $5,018,000 after acquiring an additional 2,442 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC purchased a new stake in shares of The Goldman Sachs Group in the first quarter worth $1,357,000. 71.21% of the stock is owned by institutional investors.

Insider Buying and Selling

In other The Goldman Sachs Group news, Director Thomas K. Montag sold 10,000 shares of the company’s stock in a transaction dated 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 $6,287,748. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other The Goldman Sachs Group news, Director Thomas K. Montag sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $505.04, for a total transaction of $5,050,400.00. Following the sale, the director now owns 12,450 shares in the company, valued at approximately $6,287,748. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Brian J. Lee sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $505.99, for a total transaction of $1,770,965.00. Following the completion of the transaction, 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. 0.54% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on GS. Keefe, Bruyette & Woods lifted their price target on The Goldman Sachs Group from $485.00 to $520.00 and gave the stock an “outperform” rating in a research report on Thursday, June 27th. Oppenheimer upped their target price on shares of The Goldman Sachs Group from $504.00 to $559.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 16th. Citigroup raised their price target on shares of The Goldman Sachs Group from $460.00 to $485.00 and gave the company a “neutral” rating in a research report on Tuesday, July 16th. Wolfe Research upgraded shares of The Goldman Sachs Group to a “hold” rating in a report on Wednesday, September 18th. Finally, Barclays increased their target price on The Goldman Sachs Group from $493.00 to $565.00 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $496.44.

The Goldman Sachs Group Trading Down 0.7 %

The Goldman Sachs Group stock opened at $495.11 on Tuesday. The Goldman Sachs Group, Inc. has a 52-week low of $289.36 and a 52-week high of $517.26. The company has a market cap of $159.66 billion, a P/E ratio of 19.33, a P/E/G ratio of 0.78 and a beta of 1.36. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.20. The business has a 50-day simple moving average of $492.41 and a two-hundred day simple moving average of $459.74.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Monday, July 15th. The investment management company reported $8.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.52 by $0.10. The Goldman Sachs Group had a net margin of 9.36% and a return on equity of 10.56%. The company had revenue of $12.73 billion during the quarter, compared to analyst estimates of $12.60 billion. Analysts predict that The Goldman Sachs Group, Inc. will post 35.43 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 30th were paid a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 2.42%. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $2.75. The ex-dividend date of this dividend was Friday, August 30th. The Goldman Sachs Group’s dividend payout ratio is 46.86%.

About The Goldman Sachs Group

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.