Seeyond Sells 133 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Seeyond lessened its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 2.6% in the 2nd quarter, Holdings Channel reports. The firm owned 5,070 shares of the investment management company’s stock after selling 133 shares during the period. Seeyond’s holdings in The Goldman Sachs Group were worth $1,924,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Trinity Legacy Partners LLC increased its stake in The Goldman Sachs Group by 32.3% in the second quarter. Trinity Legacy Partners LLC now owns 6,250 shares of the investment management company’s stock valued at $2,350,000 after purchasing an additional 1,527 shares in the last quarter. Putnam Investments LLC increased its stake in The Goldman Sachs Group by 8.0% in the first quarter. Putnam Investments LLC now owns 1,471,059 shares of the investment management company’s stock valued at $481,037,000 after purchasing an additional 109,455 shares in the last quarter. Baker Avenue Asset Management LP increased its stake in The Goldman Sachs Group by 3.1% in the first quarter. Baker Avenue Asset Management LP now owns 10,051 shares of the investment management company’s stock valued at $3,286,000 after purchasing an additional 298 shares in the last quarter. Tarbox Family Office Inc. increased its stake in The Goldman Sachs Group by 112.6% in the second quarter. Tarbox Family Office Inc. now owns 2,643 shares of the investment management company’s stock valued at $1,003,000 after purchasing an additional 1,400 shares in the last quarter. Finally, Kentucky Retirement Systems bought a new stake in The Goldman Sachs Group in the second quarter valued at approximately $7,519,000. 70.82% of the stock is owned by hedge funds and other institutional investors.

GS stock traded down $3.40 during trading hours on Thursday, reaching $382.91. The stock had a trading volume of 41,877 shares, compared to its average volume of 2,802,493. The stock has a market capitalization of $129.08 billion, a PE ratio of 6.98 and a beta of 1.50. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a 50-day simple moving average of $398.69 and a 200 day simple moving average of $373.96. The Goldman Sachs Group, Inc. has a fifty-two week low of $185.52 and a fifty-two week high of $420.76.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Monday, July 12th. The investment management company reported $15.02 EPS for the quarter, beating analysts’ consensus estimates of $10.24 by $4.78. The firm had revenue of $15.39 billion during the quarter, compared to analysts’ expectations of $12.17 billion. The Goldman Sachs Group had a net margin of 33.03% and a return on equity of 23.55%. The company’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter last year, the company posted $6.26 earnings per share. On average, sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 52.72 EPS for the current fiscal year.

Several brokerages have recently issued reports on GS. Citigroup increased their price objective on shares of The Goldman Sachs Group from $410.00 to $440.00 and gave the stock a “buy” rating in a research report on Friday, October 1st. Piper Sandler increased their price objective on shares of The Goldman Sachs Group from $420.00 to $435.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 14th. Credit Suisse Group increased their price objective on shares of The Goldman Sachs Group from $420.00 to $425.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 14th. Barclays set a $437.00 price objective on shares of The Goldman Sachs Group in a research report on Wednesday, July 14th. Finally, Evercore ISI reissued a “buy” rating and set a $410.00 price objective on shares of The Goldman Sachs Group in a research report on Friday, July 2nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, The Goldman Sachs Group presently has an average rating of “Buy” and a consensus target price of $397.59.

About The Goldman Sachs Group

Goldman Sachs Group, Inc engages in global investment banking, securities, and investment management, which provides financial services. It operates through the following business segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The Investment Banking segment serves public and private sector clients around the world and provides financial advisory services, help companies raise capital to strengthen and grow their businesses and provide financing to corporate clients.

Further Reading: Inflation

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

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