Cohen Investment Advisors LLC Trims Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Cohen Investment Advisors LLC decreased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 5.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,718 shares of the investment management company’s stock after selling 414 shares during the quarter. The Goldman Sachs Group accounts for about 2.4% of Cohen Investment Advisors LLC’s investment portfolio, making the stock its 9th biggest position. Cohen Investment Advisors LLC’s holdings in The Goldman Sachs Group were worth $3,491,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. SlateStone Wealth LLC raised its stake in The Goldman Sachs Group by 5.2% in the 2nd quarter. SlateStone Wealth LLC now owns 7,212 shares of the investment management company’s stock worth $3,262,000 after acquiring an additional 357 shares during the last quarter. Rational Advisors LLC grew its position in shares of The Goldman Sachs Group by 139.8% during the 2nd quarter. Rational Advisors LLC now owns 434 shares of the investment management company’s stock valued at $196,000 after acquiring an additional 253 shares during the period. Verdence Capital Advisors LLC lifted its stake in The Goldman Sachs Group by 1.2% in the 2nd quarter. Verdence Capital Advisors LLC now owns 4,445 shares of the investment management company’s stock valued at $2,010,000 after buying an additional 53 shares in the last quarter. Catalyst Financial Partners LLC lifted its stake in The Goldman Sachs Group by 13.1% in the 2nd quarter. Catalyst Financial Partners LLC now owns 1,323 shares of the investment management company’s stock valued at $598,000 after buying an additional 153 shares in the last quarter. Finally, Bristlecone Advisors LLC purchased a new position in The Goldman Sachs Group in the 2nd quarter valued at about $201,000. Institutional investors own 71.21% of the company’s stock.

Insiders Place Their Bets

In related news, Director Thomas K. Montag sold 10,000 shares of The Goldman Sachs Group stock in a transaction dated 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 sale, the director now directly owns 12,450 shares in the company, valued at approximately $6,287,748. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Brian J. Lee sold 3,500 shares of the firm’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 sale, the insider now owns 12,095 shares of the company’s stock, valued at $6,119,949.05. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 sale, the director now directly owns 12,450 shares of the company’s stock, valued at approximately $6,287,748. The disclosure for this sale can be found here. Insiders sold a total of 4,013,500 shares of company stock valued at $32,181,365 in the last ninety days. Corporate insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Trading Down 0.3 %

Shares of GS traded down $1.55 on Monday, hitting $507.87. 1,083,585 shares of the stock traded hands, compared to its average volume of 2,293,963. 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 firm has a market capitalization of $163.77 billion, a P/E ratio of 19.83, a P/E/G ratio of 0.99 and a beta of 1.37. The stock’s 50 day moving average is $481.53 and its two-hundred day moving average is $441.40. The Goldman Sachs Group, Inc. has a 1 year low of $289.36 and a 1 year high of $517.26.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Monday, July 15th. The investment management company reported $8.62 earnings per share for the quarter, topping analysts’ consensus estimates of $8.52 by $0.10. The Goldman Sachs Group had a net margin of 9.36% and a return on equity of 10.26%. The company had revenue of $12.73 billion for the quarter, compared to the consensus estimate of $12.60 billion. As a group, sell-side analysts predict that The Goldman Sachs Group, Inc. will post 36.74 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The business also recently disclosed 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 is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $2.75. This represents a $12.00 annualized dividend and a yield of 2.36%. The ex-dividend date is Friday, August 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 46.86%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on GS shares. Citigroup lifted 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. UBS Group boosted their price target on shares of The Goldman Sachs Group from $490.00 to $535.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. Royal Bank of Canada restated a “sector perform” rating and issued a $500.00 price target on shares of The Goldman Sachs Group in a research note on Tuesday, July 30th. Morgan Stanley boosted their target price on shares of The Goldman Sachs Group from $513.00 to $561.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 30th. Finally, Barclays boosted their price target on shares of 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. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $495.94.

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.