Sivia Capital Partners LLC Cuts Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Sivia Capital Partners LLC decreased its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 23.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 925 shares of the investment management company’s stock after selling 280 shares during the quarter. Sivia Capital Partners LLC’s holdings in The Goldman Sachs Group were worth $419,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in GS. International Assets Investment Management LLC purchased a new stake in shares of The Goldman Sachs Group during the 1st quarter worth approximately $1,903,374,000. Norges Bank acquired a new position in The Goldman Sachs Group in the fourth quarter valued at $1,120,119,000. AMF Tjanstepension AB grew its holdings in shares of The Goldman Sachs Group by 1,102.4% during the second quarter. AMF Tjanstepension AB now owns 810,836 shares of the investment management company’s stock worth $366,780,000 after purchasing an additional 743,402 shares during the last quarter. Wellington Management Group LLP grew its stake in 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 worth $842,597,000 after buying an additional 464,954 shares during the last quarter. Finally, Verity & Verity LLC increased its holdings in shares of The Goldman Sachs Group by 26,378.2% in the 1st quarter. Verity & Verity LLC now owns 407,764 shares of the investment management company’s stock valued at $170,000 after acquiring an additional 406,224 shares during the period. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Insiders Place Their Bets

In other news, Director Thomas K. Montag sold 10,000 shares of the company’s stock in a transaction 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 sale, the director now directly owns 12,450 shares in the company, valued at $6,287,748. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other The Goldman Sachs Group news, insider Brian J. Lee sold 3,500 shares of the business’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $505.99, for a total value of $1,770,965.00. Following the completion of the transaction, the insider now directly owns 12,095 shares in the company, valued at approximately $6,119,949.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas K. Montag sold 10,000 shares of the firm’s stock in a transaction 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 sale, the director now owns 12,450 shares in the company, valued at approximately $6,287,748. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,013,500 shares of company stock valued at $32,181,365. Corporate insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

GS has been the topic of a number of recent research reports. Citigroup lifted their price objective on shares of The Goldman Sachs Group from $460.00 to $485.00 and gave the company a “neutral” rating in a research note on Tuesday, July 16th. Seaport Res Ptn downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 2nd. UBS Group increased their price objective on The Goldman Sachs Group from $490.00 to $535.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. Evercore ISI boosted their target price on The Goldman Sachs Group from $475.00 to $520.00 and gave the company an “outperform” rating in a report on Tuesday, July 16th. Finally, Morgan Stanley increased their price target on The Goldman Sachs Group from $513.00 to $561.00 and gave the stock an “overweight” rating in a report on Tuesday, July 30th. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $495.94.

The Goldman Sachs Group Trading Down 1.7 %

NYSE:GS opened at $479.64 on Friday. The company has a market capitalization of $154.67 billion, a PE ratio of 18.73, a price-to-earnings-growth ratio of 0.79 and a beta of 1.36. The Goldman Sachs Group, Inc. has a 52-week low of $289.36 and a 52-week high of $517.26. The stock has a fifty day simple moving average of $489.33 and a 200-day simple moving average of $447.76. 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 Goldman Sachs Group (NYSE:GS) last announced its quarterly 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 for the quarter, compared to the consensus estimate of $12.60 billion. On average, equities research analysts expect that The Goldman Sachs Group, Inc. will post 35.07 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 30th will be issued a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date is Friday, August 30th. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $2.75. 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.