Mount Yale Investment Advisors LLC Sells 2,748 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Mount Yale Investment Advisors LLC reduced its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 33.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,431 shares of the investment management company’s stock after selling 2,748 shares during the period. Mount Yale Investment Advisors LLC’s holdings in The Goldman Sachs Group were worth $2,689,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Semmax Financial Advisors Inc. bought a new stake in The Goldman Sachs Group in the second quarter worth $26,000. POM Investment Strategies LLC bought a new stake in shares of The Goldman Sachs Group in the 2nd quarter worth about $26,000. Headlands Technologies LLC purchased a new stake in shares of The Goldman Sachs Group during the 2nd quarter valued at about $27,000. SJS Investment Consulting Inc. lifted its holdings in shares of The Goldman Sachs Group by 103.3% in the 2nd quarter. SJS Investment Consulting Inc. now owns 61 shares of the investment management company’s stock valued at $28,000 after acquiring an additional 31 shares during the last quarter. Finally, West Branch Capital LLC bought a new position in shares of The Goldman Sachs Group in the 3rd quarter valued at about $30,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Performance

GS stock opened at $524.50 on Friday. The business has a 50-day moving average price of $499.70 and a 200 day moving average price of $471.74. The Goldman Sachs Group, Inc. has a 1-year low of $289.36 and a 1-year high of $540.51. The company has a market capitalization of $169.13 billion, a P/E ratio of 20.48, a PEG ratio of 0.77 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 (NYSE:GS) last issued its quarterly earnings data on Tuesday, October 15th. The investment management company reported $8.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.89 by $1.51. The Goldman Sachs Group had a net margin of 9.36% and a return on equity of 10.56%. The firm had revenue of $12.70 billion for the quarter, compared to the consensus estimate of $11.77 billion. During the same quarter in the previous year, the firm earned $5.47 EPS. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. As a group, equities research analysts forecast that The Goldman Sachs Group, Inc. will post 35.52 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 2nd will be given a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend is Monday, December 2nd. The Goldman Sachs Group’s dividend payout ratio is presently 46.86%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Wolfe Research upgraded The Goldman Sachs Group to a “hold” rating in a research report on Wednesday, September 18th. Oppenheimer increased their price target on The Goldman Sachs Group from $577.00 to $614.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. JMP Securities raised their price target on The Goldman Sachs Group from $525.00 to $550.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 9th. UBS Group boosted their price objective on shares of The Goldman Sachs Group from $550.00 to $560.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Finally, BMO Capital Markets raised their target price on shares of The Goldman Sachs Group from $360.00 to $373.00 and gave the stock a “market perform” rating in a report on Wednesday, July 17th. Five investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, The Goldman Sachs Group has a consensus rating of “Moderate Buy” and a consensus target price of $524.69.

Insiders Place Their Bets

In related news, insider Brian J. Lee sold 2,000 shares of the stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $530.90, for a total transaction of $1,061,800.00. Following the sale, the insider now directly owns 10,095 shares of the company’s stock, valued at approximately $5,359,435.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.54% of the company’s stock.

The Goldman Sachs Group 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.