GQG Partners LLC Sells 3,187 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

GQG Partners LLC trimmed its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 55.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,576 shares of the investment management company’s stock after selling 3,187 shares during the quarter. GQG Partners LLC’s holdings in The Goldman Sachs Group were worth $978,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Clear Perspective Advisors LLC bought a new position in The Goldman Sachs Group in the 2nd quarter valued at approximately $202,000. Colonial River Wealth Management LLC bought a new stake in shares of The Goldman Sachs Group in the 2nd quarter valued at $202,000. Intellectus Partners LLC boosted its stake in The Goldman Sachs Group by 3.9% during the second quarter. Intellectus Partners LLC now owns 10,316 shares of the investment management company’s stock worth $3,915,000 after acquiring an additional 385 shares in the last quarter. Ossiam raised its stake in The Goldman Sachs Group by 54.0% during the 2nd quarter. Ossiam now owns 90,265 shares of the investment management company’s stock worth $33,839,000 after buying an additional 31,644 shares during the period. Finally, Natixis grew its stake in The Goldman Sachs Group by 76.2% in the second quarter. Natixis now owns 100,676 shares of the investment management company’s stock valued at $38,209,000 after acquiring an additional 43,527 shares during the period. Institutional investors own 70.82% of the company’s stock.

Shares of The Goldman Sachs Group stock traded up $0.51 on Thursday, hitting $386.82. 83,332 shares of the company traded hands, compared to its average volume of 2,802,493. The stock’s 50 day moving average price is $398.69 and its 200-day moving average price is $373.96. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 2.58. The Goldman Sachs Group, Inc. has a 52 week low of $185.52 and a 52 week high of $420.76. The company has a market cap of $130.40 billion, a PE ratio of 6.98 and a beta of 1.50.

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

Several equities research analysts have recently issued reports on the company. Barclays set a $437.00 target price on The Goldman Sachs Group in a research report on Wednesday, July 14th. Oppenheimer increased their price target on The Goldman Sachs Group from $493.00 to $540.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 14th. Royal Bank of Canada set a $370.00 price target on The Goldman Sachs Group in a research note on Tuesday, July 13th. JPMorgan Chase & Co. set a $458.00 target price on The Goldman Sachs Group in a research note on Friday, September 17th. Finally, Credit Suisse Group raised their target price on The Goldman Sachs Group from $420.00 to $425.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, The Goldman Sachs Group has a consensus rating of “Buy” and a consensus price target 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.

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

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