The Goldman Sachs Group, Inc. (NYSE:GS) is Twin Lakes Capital Management LLC’s Largest Position

Twin Lakes Capital Management LLC trimmed its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 0.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 62,962 shares of the investment management company’s stock after selling 378 shares during the quarter. The Goldman Sachs Group accounts for about 16.4% of Twin Lakes Capital Management LLC’s investment portfolio, making the stock its biggest position. Twin Lakes Capital Management LLC’s holdings in The Goldman Sachs Group were worth $28,479,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of GS. First Personal Financial Services purchased a new stake in The Goldman Sachs Group during the 1st quarter worth approximately $25,000. POM Investment Strategies LLC acquired a new stake in shares of The Goldman Sachs Group during the second quarter worth approximately $26,000. Semmax Financial Advisors Inc. bought a new stake in shares of The Goldman Sachs Group in the second quarter worth $26,000. Headlands Technologies LLC acquired a new stake in The Goldman Sachs Group in the second quarter valued at $27,000. Finally, Versant Capital Management Inc boosted its stake in The Goldman Sachs Group by 106.3% during the 1st quarter. Versant Capital Management Inc now owns 66 shares of the investment management company’s stock valued at $28,000 after acquiring an additional 34 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Analyst Ratings Changes

GS has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upped their target price on shares of The Goldman Sachs Group from $464.00 to $472.00 and gave the company an “overweight” rating in a research note on Monday, September 9th. Morgan Stanley increased their target price 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. Wolfe Research upgraded The Goldman Sachs Group to a “hold” rating in a report on Wednesday, September 18th. Oppenheimer raised their price objective on 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. Finally, Evercore ISI boosted their target price on shares of The Goldman Sachs Group from $475.00 to $520.00 and gave the company an “outperform” rating in a research note on Tuesday, July 16th. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $496.44.

Insider Buying and Selling at The Goldman Sachs Group

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 transaction of $1,770,965.00. Following the completion of the sale, the insider now directly owns 12,095 shares of the company’s stock, valued at approximately $6,119,949.05. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Thomas K. Montag sold 10,000 shares of the business’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 $6,287,748. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 shares were sold at an average price of $505.99, for a total transaction 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 approximately $6,119,949.05. The disclosure for this sale can be found here. 0.54% of the stock is owned by corporate insiders.

The Goldman Sachs Group Trading Up 0.3 %

Shares of GS stock opened at $498.51 on Monday. 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 stock has a 50-day simple moving average of $492.25 and a 200 day simple moving average of $458.99. The Goldman Sachs Group, Inc. has a fifty-two week low of $289.36 and a fifty-two week high of $517.26. The stock has a market capitalization of $160.75 billion, a P/E ratio of 19.47, a P/E/G ratio of 0.78 and a beta of 1.36.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Monday, July 15th. The investment management company reported $8.62 earnings per share 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. On average, sell-side analysts expect that The Goldman Sachs Group, Inc. will post 35.43 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 30th were given a $3.00 dividend. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $2.75. The ex-dividend date was Friday, August 30th. This represents a $12.00 annualized dividend and a yield of 2.41%. The Goldman Sachs Group’s payout ratio is 46.86%.

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.