Mn Services Vermogensbeheer B.V. Has $33.52 Million Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Mn Services Vermogensbeheer B.V. reduced its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 3.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 74,100 shares of the investment management company’s stock after selling 2,900 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in The Goldman Sachs Group were worth $33,517,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. First Merchants Corp bought a new position in shares of The Goldman Sachs Group in the 2nd quarter worth $230,000. Bank of Stockton raised its holdings in The Goldman Sachs Group by 10.6% during the second quarter. Bank of Stockton now owns 2,639 shares of the investment management company’s stock worth $1,194,000 after buying an additional 252 shares during the last quarter. LRI Investments LLC lifted its stake in shares of The Goldman Sachs Group by 747.9% in the second quarter. LRI Investments LLC now owns 1,628 shares of the investment management company’s stock valued at $736,000 after buying an additional 1,436 shares in the last quarter. Gilliland Jeter Wealth Management LLC grew its holdings in shares of The Goldman Sachs Group by 572.2% during the second quarter. Gilliland Jeter Wealth Management LLC now owns 363 shares of the investment management company’s stock valued at $164,000 after buying an additional 309 shares during the last quarter. Finally, EdgeRock Capital LLC bought a new stake in shares of The Goldman Sachs Group during the second quarter worth about $148,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insiders Place Their Bets

In related news, insider Brian J. Lee sold 3,500 shares of the stock in a transaction dated 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 sale, the insider now owns 12,095 shares of the company’s stock, valued at approximately $6,119,949.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, 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 sale, the insider now owns 12,095 shares of the company’s stock, valued at approximately $6,119,949.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $6.34, for a total transaction of $25,360,000.00. Following the completion of the sale, the insider now owns 12,981,022 shares in the company, valued at $82,299,679.48. The disclosure for this sale can be found here. Insiders have sold a total of 4,013,500 shares of company stock worth $32,181,365 over the last 90 days. Corporate insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Stock Performance

Shares of NYSE GS traded up $11.67 during trading on Friday, reaching $509.42. 1,751,832 shares of the stock traded hands, compared to its average volume of 2,301,381. The company has a 50-day moving average of $480.38 and a 200-day moving average of $440.15. The Goldman Sachs Group, Inc. has a 52-week low of $289.36 and a 52-week high of $517.26. The stock has a market capitalization of $164.27 billion, a P/E ratio of 19.89, a price-to-earnings-growth ratio of 0.99 and a beta of 1.37. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.12 and a quick ratio of 0.74.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Monday, July 15th. The investment management company reported $8.62 EPS 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 10.26%. The business had revenue of $12.73 billion for the quarter, compared to the consensus estimate of $12.60 billion. Analysts forecast that The Goldman Sachs Group, Inc. will post 36.74 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 30th will be issued a dividend of $3.00 per share. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $2.75. The ex-dividend date of this dividend is Friday, August 30th. This represents a $12.00 dividend on an annualized basis and a yield of 2.36%. The Goldman Sachs Group’s payout ratio is presently 46.86%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on GS shares. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $500.00 price target on shares of The Goldman Sachs Group in a research report on Tuesday, July 30th. Keefe, Bruyette & Woods upped their price target on The Goldman Sachs Group from $485.00 to $520.00 and gave the stock an “outperform” rating in a report on Thursday, June 27th. Oppenheimer raised their price objective on The Goldman Sachs Group from $504.00 to $559.00 and gave the company an “outperform” rating in a research note on Tuesday, July 16th. Wells Fargo & Company lifted their price objective on shares of The Goldman Sachs Group from $504.00 to $550.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Finally, Barclays increased their target price on shares of The Goldman Sachs Group from $493.00 to $565.00 and gave the company an “overweight” rating in a report on Tuesday, July 16th. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $495.94.

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.