Neville Rodie & Shaw Inc. Sells 1,617 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Neville Rodie & Shaw Inc. trimmed its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 21.6% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 5,884 shares of the investment management company’s stock after selling 1,617 shares during the quarter. Neville Rodie & Shaw Inc.’s holdings in The Goldman Sachs Group were worth $2,913,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. POM Investment Strategies LLC bought a new stake in The Goldman Sachs Group in the second quarter valued at approximately $26,000. Semmax Financial Advisors Inc. bought a new stake in The Goldman Sachs Group in the second quarter valued at approximately $26,000. Headlands Technologies LLC bought a new stake in The Goldman Sachs Group in the second quarter valued at approximately $27,000. Versant Capital Management Inc lifted its position in The Goldman Sachs Group by 106.3% in the first quarter. Versant Capital Management Inc now owns 66 shares of the investment management company’s stock valued at $28,000 after purchasing an additional 34 shares during the last quarter. Finally, SJS Investment Consulting Inc. lifted its position in The Goldman Sachs Group by 103.3% in the second quarter. SJS Investment Consulting Inc. now owns 61 shares of the investment management company’s stock valued at $28,000 after purchasing an additional 31 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Analyst Ratings Changes

GS has been the subject of several recent research reports. Oppenheimer boosted their price objective on The Goldman Sachs Group from $548.00 to $577.00 and gave the company an “outperform” rating in a research report on Wednesday. Royal Bank of Canada restated a “sector perform” rating and set a $500.00 target price on shares of The Goldman Sachs Group in a report on Tuesday, July 30th. BMO Capital Markets upped their target price on The Goldman Sachs Group from $360.00 to $373.00 and gave the company a “market perform” rating in a report on Wednesday, July 17th. Keefe, Bruyette & Woods upped their target price on The Goldman Sachs Group from $485.00 to $520.00 and gave the company an “outperform” rating in a report on Thursday, June 27th. Finally, UBS Group upped their target price on The Goldman Sachs Group from $490.00 to $535.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $497.56.

The Goldman Sachs Group Trading Up 0.4 %

Shares of NYSE:GS opened at $492.11 on Thursday. The company has a market cap of $158.69 billion, a P/E ratio of 19.22, a PEG ratio of 0.78 and a beta of 1.36. The company has a debt-to-equity ratio of 2.20, a current ratio of 0.72 and a quick ratio of 0.72. The Goldman Sachs Group, Inc. has a 1 year low of $289.36 and a 1 year high of $517.26. The stock’s fifty day moving average price is $492.48 and its 200-day moving average price is $460.69.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Monday, July 15th. The investment management company reported $8.62 earnings per share for the quarter, beating analysts’ consensus estimates of $8.52 by $0.10. The Goldman Sachs Group had a return on equity of 10.56% and a net margin of 9.36%. The company had revenue of $12.73 billion for the quarter, compared to the consensus estimate of $12.60 billion. Sell-side analysts expect that The Goldman Sachs Group, Inc. will post 35.43 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 30th were given a dividend of $3.00 per share. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $2.75. The ex-dividend date of this dividend was Friday, August 30th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.44%. The Goldman Sachs Group’s payout ratio is presently 46.86%.

Insider Buying and Selling

In other The Goldman Sachs Group news, Director Thomas K. Montag sold 10,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the director now owns 12,450 shares in the company, valued at $6,287,748. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director Thomas K. Montag sold 10,000 shares of the 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 completion of the sale, the director now directly owns 12,450 shares of the company’s stock, valued at $6,287,748. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Brian J. Lee sold 3,500 shares of The Goldman Sachs Group stock in a transaction 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 transaction, the insider now owns 12,095 shares in the company, valued at approximately $6,119,949.05. The disclosure for this sale can be found here. 0.54% of the stock is owned by insiders.

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.