Public Employees Retirement Association of Colorado Lowers Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Public Employees Retirement Association of Colorado reduced its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 6.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,138 shares of the investment management company’s stock after selling 2,976 shares during the period. Public Employees Retirement Association of Colorado’s holdings in The Goldman Sachs Group were worth $19,271,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in The Goldman Sachs Group by 13.7% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 166,656 shares of the investment management company’s stock valued at $64,291,000 after purchasing an additional 20,018 shares during the period. HTLF Bank purchased a new position in The Goldman Sachs Group in the fourth quarter valued at $850,000. Apexium Financial LP boosted its holdings in The Goldman Sachs Group by 7.1% in the fourth quarter. Apexium Financial LP now owns 5,672 shares of the investment management company’s stock valued at $2,188,000 after purchasing an additional 378 shares during the period. Empowered Funds LLC boosted its holdings in The Goldman Sachs Group by 62.7% in the first quarter. Empowered Funds LLC now owns 6,301 shares of the investment management company’s stock valued at $2,632,000 after purchasing an additional 2,428 shares during the period. Finally, Duality Advisers LP acquired a new stake in The Goldman Sachs Group in the first quarter valued at $1,388,000. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Brian J. Lee sold 3,500 shares of The Goldman Sachs Group stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $505.99, for a total value 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 filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Brian J. Lee sold 3,500 shares of the business’s stock in a transaction that occurred 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 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $6.34, for a total value of $25,360,000.00. Following the sale, the insider now directly owns 12,981,022 shares in the company, valued at approximately $82,299,679.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,013,500 shares of company stock valued at $32,181,365. 0.54% of the stock is owned by corporate insiders.

The Goldman Sachs Group Stock Performance

GS stock traded down $4.98 during trading on Monday, hitting $494.05. The company had a trading volume of 903,605 shares, compared to its average volume of 2,303,901. The firm has a market cap of $159.31 billion, a PE ratio of 19.33, a price-to-earnings-growth ratio of 1.01 and a beta of 1.37. The Goldman Sachs Group, Inc. has a 1-year low of $289.36 and a 1-year high of $509.48. The firm has a 50-day moving average price of $466.04 and a 200-day moving average price of $425.00. The company has a quick ratio of 0.74, a current ratio of 1.12 and a debt-to-equity ratio of 1.97.

The Goldman Sachs Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 30th will be issued a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date is Friday, August 30th. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $2.75. The Goldman Sachs Group’s payout ratio is currently 42.95%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on GS. Barclays raised their price target on The Goldman Sachs Group from $493.00 to $565.00 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. Evercore ISI raised their price target on 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. UBS Group raised their price target on The Goldman Sachs Group from $490.00 to $535.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. JPMorgan Chase & Co. raised their price target on The Goldman Sachs Group from $461.00 to $464.00 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. Finally, BMO Capital Markets lifted their target price on The Goldman Sachs Group from $360.00 to $373.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 17th. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, The Goldman Sachs Group presently has a consensus rating of “Moderate Buy” and an average price target of $484.59.

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.