Matthew 25 Management Corp Trims Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Matthew 25 Management Corp cut its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 13.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,000 shares of the investment management company's stock after selling 6,500 shares during the quarter. The Goldman Sachs Group comprises approximately 6.4% of Matthew 25 Management Corp's holdings, making the stock its 5th largest position. Matthew 25 Management Corp's holdings in The Goldman Sachs Group were worth $18,545,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in GS. First Personal Financial Services acquired a new position in shares of The Goldman Sachs Group during the first quarter valued at about $25,000. First United Bank & Trust acquired a new position in The Goldman Sachs Group in the 4th quarter valued at approximately $26,000. POM Investment Strategies LLC bought a new stake in shares of The Goldman Sachs Group in the 2nd quarter worth approximately $26,000. Versant Capital Management Inc grew its holdings in shares of The Goldman Sachs Group by 106.3% during the 1st quarter. Versant Capital Management Inc now owns 66 shares of the investment management company's stock worth $28,000 after purchasing an additional 34 shares in the last quarter. Finally, SJS Investment Consulting Inc. increased its position in shares of The Goldman Sachs Group by 103.3% during the second 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 during the period. 71.21% of the stock is owned by institutional investors.

The Goldman Sachs Group Price Performance

Shares of GS traded down $8.27 during mid-day trading on Friday, hitting $479.61. 1,995,561 shares of the company traded hands, compared to its average volume of 2,266,371. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.20. The stock has a market capitalization of $154.66 billion, a price-to-earnings ratio of 18.73, a PEG ratio of 0.79 and a beta of 1.36. The business has a 50-day moving average of $489.33 and a 200 day moving average of $448.20. The Goldman Sachs Group, Inc. has a one year low of $289.36 and a one year high of $517.26.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings data on Monday, July 15th. The investment management company reported $8.62 EPS for the quarter, beating analysts' consensus estimates of $8.52 by $0.10. The firm had revenue of $12.73 billion for the quarter, compared to analyst estimates of $12.60 billion. The Goldman Sachs Group had a return on equity of 10.56% and a net margin of 9.36%. As a group, equities analysts expect that The Goldman Sachs Group, Inc. will post 35.07 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 30th will be given a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 2.50%. This is a positive change from The Goldman Sachs Group's previous quarterly dividend of $2.75. The ex-dividend date of this dividend is Friday, August 30th. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 46.86%.

Analyst Upgrades and Downgrades

GS has been the subject of several research reports. BMO Capital Markets raised 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. JPMorgan Chase & Co. upped their price objective 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. Evercore ISI increased their target price on The Goldman Sachs Group from $475.00 to $520.00 and gave the stock an "outperform" rating in a report on Tuesday, July 16th. Keefe, Bruyette & Woods boosted their price target on The Goldman Sachs Group from $485.00 to $520.00 and gave the company an "outperform" rating in a research note on Thursday, June 27th. Finally, Morgan Stanley increased their price objective on The Goldman Sachs Group from $513.00 to $561.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 30th. 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 currently has a consensus rating of "Moderate Buy" and a consensus target price of $495.94.

Insider Buying and Selling at The Goldman Sachs Group

In other 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 shares were sold at an average price of $505.99, for a total transaction of $1,770,965.00. Following the completion of the sale, the insider now owns 12,095 shares in the company, valued at approximately $6,119,949.05. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Thomas K. Montag sold 10,000 shares of the company's stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $505.04, for a total value of $5,050,400.00. Following the completion of the sale, the director now owns 12,450 shares in the company, valued at $6,287,748. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian J. Lee sold 3,500 shares of the firm's stock in a transaction dated 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 transaction, the insider now owns 12,095 shares in the company, valued at approximately $6,119,949.05. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,013,500 shares of company stock worth $32,181,365. Company insiders own 0.54% of the company's stock.

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.