MAI Capital Management Sells 1,361 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

MAI Capital Management cut its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 6.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,268 shares of the investment management company's stock after selling 1,361 shares during the quarter. MAI Capital Management's holdings in The Goldman Sachs Group were worth $9,045,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of GS. POM Investment Strategies LLC acquired a new stake in shares of The Goldman Sachs Group in the 2nd quarter valued at approximately $26,000. Semmax Financial Advisors Inc. acquired a new stake in shares of The Goldman Sachs Group in the 2nd quarter valued at approximately $26,000. Headlands Technologies LLC acquired a new stake in shares of The Goldman Sachs Group in the 2nd quarter valued at approximately $27,000. SJS Investment Consulting Inc. boosted its stake 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 purchasing an additional 31 shares in the last quarter. Finally, Quest Partners LLC boosted its stake in shares of The Goldman Sachs Group by 6,300.0% in the 2nd quarter. Quest Partners LLC now owns 64 shares of the investment management company's stock valued at $29,000 after purchasing an additional 63 shares in the last quarter. 71.21% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Brian J. Lee sold 2,000 shares of the company's stock in a transaction that occurred on Thursday, October 17th. The stock was 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 $5,359,435.50. This represents a 16.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John F.W. Rogers sold 6,416 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $596.36, for a total value of $3,826,245.76. Following the sale, the executive vice president now owns 57,614 shares in the company, valued at $34,358,685.04. The trade was a 10.02 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,390 shares of company stock valued at $6,656,119. 0.57% of the stock is owned by insiders.

The Goldman Sachs Group Stock Down 1.1 %

Shares of GS traded down $6.61 during trading hours on Tuesday, hitting $581.38. The company had a trading volume of 2,217,023 shares, compared to its average volume of 2,224,609. The firm has a fifty day moving average price of $520.09 and a 200-day moving average price of $490.31. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a market capitalization of $182.50 billion, a price-to-earnings ratio of 17.13, a P/E/G ratio of 0.86 and a beta of 1.35. The Goldman Sachs Group, Inc. has a 52-week low of $334.55 and a 52-week high of $607.15.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its quarterly earnings results on Tuesday, October 15th. The investment management company reported $8.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.89 by $1.51. The firm had revenue of $12.70 billion during the quarter, compared to analyst estimates of $11.77 billion. The Goldman Sachs Group had a return on equity of 11.39% and a net margin of 9.89%. The Goldman Sachs Group's quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.47 EPS. On average, equities research analysts forecast that The Goldman Sachs Group, Inc. will post 37.15 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm 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 $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend is Monday, December 2nd. The Goldman Sachs Group's dividend payout ratio (DPR) is 35.21%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on GS. Barclays raised their price objective on shares of The Goldman Sachs Group from $565.00 to $588.00 and gave the company an "overweight" rating in a report on Wednesday, October 16th. Wells Fargo & Company raised their price objective on shares of The Goldman Sachs Group from $600.00 to $680.00 and gave the company an "overweight" rating in a report on Friday. Bank of America raised their price objective on shares of The Goldman Sachs Group from $563.00 to $575.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. Wolfe Research upgraded shares of The Goldman Sachs Group to a "hold" rating in a report on Wednesday, September 18th. Finally, UBS Group lifted 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 note on Tuesday, October 8th. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $535.75.

The Goldman Sachs Group Company 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.