Trade Report: Today, Teacher Retirement System of Texas reduces its investment in Goldman Sachs Group Inc. (GS)

Today, Teacher Retirement System of Texas reduces its investment in Goldman Sachs Group Inc. (GS)

Teacher Retirement System of Texas lowered its stake in Goldman Sachs Group Inc. (NYSE:GS) by 4.8% during the third quarter, Holdings Channel reports. The firm owned 255,100 shares of the investment management company’s stock after selling 12,807 shares during the period. Teacher Retirement System of Texas owned 0.06% of Goldman Sachs Group worth $41,140,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Thomas J. Herzfeld Advisors Inc. purchased a new stake in Goldman Sachs Group during the second quarter valued at approximately $102,000. Nelson Roberts Investment Advisors LLC raised its stake in Goldman Sachs Group by 26.8% in the second quarter. Nelson Roberts Investment Advisors LLC now owns 710 shares of the investment management company’s stock worth $105,000 after buying an additional 150 shares during the period. Alpha Windward LLC raised its stake in Goldman Sachs Group by 2.2% in the third quarter. Alpha Windward LLC now owns 838 shares of the investment management company’s stock worth $135,000 after buying an additional 18 shares during the period. Cedar Wealth Management LLC raised its stake in Goldman Sachs Group by 42.9% in the second quarter. Cedar Wealth Management LLC now owns 946 shares of the investment management company’s stock worth $141,000 after buying an additional 284 shares during the period. Finally, Chicago Partners Investment Group LLC raised its stake in Goldman Sachs Group by 0.5% in the second quarter. Chicago Partners Investment Group LLC now owns 1,042 shares of the investment management company’s stock worth $155,000 after buying an additional 5 shares during the period. Institutional investors own 69.61% of the company’s stock.

Shares of Goldman Sachs Group Inc. (NYSE:GS) traded up 0.07% during trading on Monday, hitting $211.53. The company’s stock had a trading volume of 1,554,029 shares. The company has a market cap of $88.59 billion, a PE ratio of 16.98 and a beta of 1.55. The firm’s 50 day moving average price is $185.81 and its 200-day moving average price is $165.88. Goldman Sachs Group Inc. has a 52 week low of $138.20 and a 52 week high of $213.41.

Goldman Sachs Group (NYSE:GS) last posted its earnings results on Tuesday, October 18th. The investment management company reported $4.88 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.79 by $1.09. The business had revenue of $8.17 billion for the quarter, compared to analyst estimates of $7.41 billion. Goldman Sachs Group had a net margin of 19.58% and a return on equity of 9.73%. The business’s quarterly revenue was up 19.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.51 EPS. On average, analysts predict that Goldman Sachs Group Inc. will post $15.53 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 29th. Investors of record on Thursday, December 1st will be issued a dividend of $0.65 per share. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $2.60 annualized dividend and a dividend yield of 1.23%. Goldman Sachs Group’s payout ratio is 20.72%.

A number of equities research analysts have recently issued reports on GS shares. JPMorgan Chase & Co. set a $176.00 price target on Goldman Sachs Group and gave the company a “buy” rating in a research report on Thursday, September 22nd. Zacks Investment Research upgraded Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $186.00 price target for the company in a research report on Tuesday, September 20th. Nomura restated a “buy” rating and issued a $197.00 price target on shares of Goldman Sachs Group in a research report on Thursday, September 29th. TheStreet upgraded Goldman Sachs Group from a “hold” rating to a “buy” rating in a research report on Friday, August 5th. Finally, Oppenheimer Holdings Inc. set a $222.00 price target on Goldman Sachs Group and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $182.28.

In other Goldman Sachs Group news, insider Sarah G. Smith sold 392 shares of the business’s stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $206.36, for a total value of $80,893.12. Following the transaction, the insider now owns 22,103 shares in the company, valued at approximately $4,561,175.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Sarah G. Smith sold 218 shares of the business’s stock in a transaction on Friday, November 18th. The stock was sold at an average price of $211.47, for a total transaction of $46,100.46. Following the completion of the transaction, the insider now owns 22,103 shares in the company, valued at approximately $4,674,121.41. The disclosure for this sale can be found here. Corporate insiders own 2.61% of the company’s stock.

Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc is a bank holding company and a financial holding company. The Company operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Company’s Investment Banking segment provides financial advisory services, which include advisory assignments with respect to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs and risk management.

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