Teachers Retirement System of The State of Kentucky Decreases Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Teachers Retirement System of The State of Kentucky lowered its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 5.6% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 27,007 shares of the investment management company’s stock after selling 1,610 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in The Goldman Sachs Group were worth $11,280,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of GS. International Assets Investment Management LLC purchased a new position in shares of The Goldman Sachs Group during the 1st quarter valued at approximately $1,903,374,000. Norges Bank purchased a new position in shares of The Goldman Sachs Group during the 4th quarter valued at approximately $1,120,119,000. Wellington Management Group LLP boosted its stake in shares of The Goldman Sachs Group by 27.0% during the 4th quarter. Wellington Management Group LLP now owns 2,184,196 shares of the investment management company’s stock valued at $842,597,000 after buying an additional 464,954 shares during the last quarter. Verity & Verity LLC boosted its stake in shares of The Goldman Sachs Group by 26,378.2% during the 1st quarter. Verity & Verity LLC now owns 407,764 shares of the investment management company’s stock valued at $170,000 after buying an additional 406,224 shares during the last quarter. Finally, Focused Investors Fund L P purchased a new position in shares of The Goldman Sachs Group during the 1st quarter valued at approximately $146,317,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Insider Activity at The Goldman Sachs Group

In related news, Director Thomas K. Montag sold 10,000 shares of the firm’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 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Thomas K. Montag sold 10,000 shares of the firm’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 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $6.34, for a total value of $25,360,000.00. Following the completion of the transaction, the insider now directly owns 12,981,022 shares in the company, valued at $82,299,679.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,013,500 shares of company stock valued at $32,181,365. Corporate insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Morgan Stanley upped their price target on The Goldman Sachs Group from $513.00 to $561.00 and gave the company an “overweight” rating in a research report on Tuesday, July 30th. Wells Fargo & Company upped 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. Barclays upped their price target on The Goldman Sachs Group from $493.00 to $565.00 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. BMO Capital Markets upped their price target on The Goldman Sachs Group from $360.00 to $373.00 and gave the company a “market perform” rating in a research report on Wednesday, July 17th. Finally, HSBC increased their target price on The Goldman Sachs Group from $460.00 to $470.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $495.94.

The Goldman Sachs Group Stock Down 5.9 %

Shares of GS traded down $29.48 during midday trading on Friday, reaching $470.64. 6,115,462 shares of the stock were exchanged, compared to its average volume of 2,606,533. The Goldman Sachs Group, Inc. has a 12-month low of $289.36 and a 12-month high of $517.26. The firm has a 50 day simple moving average of $469.30 and a 200-day simple moving average of $428.76. The company has a quick ratio of 0.74, a current ratio of 1.12 and a debt-to-equity ratio of 1.97. The company has a market cap of $151.76 billion, a price-to-earnings ratio of 18.38, a P/E/G ratio of 0.99 and a beta of 1.37.

The Goldman Sachs Group Increases Dividend

The company 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. The ex-dividend date of this dividend is Friday, August 30th. This is an increase 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 2.55%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 46.86%.

The Goldman Sachs Group 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.