Grand Jean Capital Management Inc. Sells 805 Shares of Goldman Sachs Group, Inc. (The) (NYSE:GS)

Grand Jean Capital Management Inc. cut its holdings in shares of Goldman Sachs Group, Inc. (The) (NYSE:GS) by 2.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 33,578 shares of the investment management company’s stock after selling 805 shares during the quarter. Goldman Sachs Group, Inc. (The) accounts for about 2.8% of Grand Jean Capital Management Inc.’s investment portfolio, making the stock its 18th largest holding. Grand Jean Capital Management Inc.’s holdings in Goldman Sachs Group, Inc. (The) were worth $7,451,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quantbot Technologies LP lifted its holdings in shares of Goldman Sachs Group, Inc. (The) by 223.8% during the 2nd quarter. Quantbot Technologies LP now owns 39,237 shares of the investment management company’s stock valued at $8,706,000 after buying an additional 27,121 shares during the last quarter. Carret Asset Management LLC lifted its holdings in shares of Goldman Sachs Group, Inc. (The) by 0.6% during the 1st quarter. Carret Asset Management LLC now owns 20,451 shares of the investment management company’s stock valued at $4,698,000 after buying an additional 113 shares during the last quarter. Bank of Montreal Can lifted its holdings in shares of Goldman Sachs Group, Inc. (The) by 33.1% during the 2nd quarter. Bank of Montreal Can now owns 392,464 shares of the investment management company’s stock valued at $87,090,000 after buying an additional 97,532 shares during the last quarter. Cornerstone Investment Partners LLC acquired a new stake in shares of Goldman Sachs Group, Inc. (The) during the 2nd quarter valued at about $42,536,000. Finally, Swedbank lifted its holdings in shares of Goldman Sachs Group, Inc. (The) by 20.6% during the 2nd quarter. Swedbank now owns 487,993 shares of the investment management company’s stock valued at $108,286,000 after buying an additional 83,318 shares during the last quarter. Hedge funds and other institutional investors own 73.14% of the company’s stock.

Shares of Goldman Sachs Group, Inc. (NYSE:GS) traded down $0.64 on Friday, hitting $240.15. The stock had a trading volume of 1,845,600 shares, compared to its average volume of 3,316,952. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 2.82. Goldman Sachs Group, Inc. has a twelve month low of $198.25 and a twelve month high of $255.15. The firm has a market capitalization of $90,826.35, a price-to-earnings ratio of 12.54, a PEG ratio of 1.22 and a beta of 1.48.

Goldman Sachs Group, Inc. (The) (NYSE:GS) last issued its quarterly earnings results on Tuesday, October 17th. The investment management company reported $5.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.17 by $0.85. Goldman Sachs Group, Inc. (The) had a return on equity of 11.34% and a net margin of 26.42%. The business had revenue of $8.33 billion for the quarter, compared to analyst estimates of $7.59 billion. During the same quarter in the prior year, the firm posted $4.88 earnings per share. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. equities analysts predict that Goldman Sachs Group, Inc. will post 19.03 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Wednesday, November 29th. Goldman Sachs Group, Inc. (The)’s dividend payout ratio (DPR) is presently 15.63%.

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In related news, Vice Chairman Richard J. Gnodde sold 4,951 shares of the company’s stock in a transaction dated Wednesday, October 18th. The stock was sold at an average price of $239.95, for a total value of $1,187,992.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director David A. Viniar sold 7,393 shares of the company’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $245.18, for a total value of $1,812,615.74. The disclosure for this sale can be found here. Insiders have sold 37,344 shares of company stock worth $9,125,608 in the last ninety days. 2.57% of the stock is currently owned by insiders.

Several brokerages have recently issued reports on GS. Berenberg Bank reiterated a “sell” rating and set a $190.00 price target on shares of Goldman Sachs Group, Inc. (The) in a report on Friday, July 21st. Oppenheimer Holdings, Inc. lifted their price target on Goldman Sachs Group, Inc. (The) from $251.00 to $256.00 and gave the company an “outperform” rating in a report on Wednesday, July 19th. Keefe, Bruyette & Woods lowered Goldman Sachs Group, Inc. (The) from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $260.00 to $240.00 in a report on Wednesday, July 19th. BidaskClub lowered Goldman Sachs Group, Inc. (The) from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Finally, Zacks Investment Research lowered Goldman Sachs Group, Inc. (The) from a “hold” rating to a “sell” rating in a report on Thursday, September 21st. Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $245.06.

About Goldman Sachs Group, Inc. (The)

The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.

Institutional Ownership by Quarter for Goldman Sachs Group, Inc. (The) (NYSE:GS)

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