Jacobi Capital Management LLC Acquires 23 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Jacobi Capital Management LLC increased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,564 shares of the investment management company’s stock after purchasing an additional 23 shares during the period. Jacobi Capital Management LLC’s holdings in The Goldman Sachs Group were worth $653,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. First Personal Financial Services acquired a new stake in shares of The Goldman Sachs Group in the 1st quarter valued at about $25,000. First United Bank & Trust acquired a new stake in The Goldman Sachs Group in the 4th quarter valued at approximately $26,000. Versant Capital Management Inc lifted its stake in The Goldman Sachs Group by 106.3% in the 1st quarter. Versant Capital Management Inc now owns 66 shares of the investment management company’s stock valued at $28,000 after acquiring an additional 34 shares in the last quarter. Pineridge Advisors LLC acquired a new position in The Goldman Sachs Group during the 4th quarter worth approximately $29,000. Finally, BKM Wealth Management LLC bought a new position in shares of The Goldman Sachs Group during the 4th quarter worth approximately $32,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on GS. HSBC increased their price objective on shares of The Goldman Sachs Group from $460.00 to $470.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Seaport Res Ptn downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 2nd. JPMorgan Chase & Co. upped their price objective on The Goldman Sachs Group from $461.00 to $464.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 16th. Oppenheimer raised their target price on shares of The Goldman Sachs Group from $504.00 to $559.00 and gave the company an “outperform” rating in a research note on Tuesday, July 16th. Finally, Bank of America upped their price target on shares of The Goldman Sachs Group from $450.00 to $478.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $484.59.

Insider Activity

In other The Goldman Sachs Group news, Director David A. Viniar sold 5,000 shares of The Goldman Sachs Group stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $432.25, for a total value of $2,161,250.00. Following the transaction, the director now owns 623,425 shares in the company, valued at $269,475,456.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other The Goldman Sachs Group news, Director David A. Viniar sold 5,000 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the sale, the director now owns 623,425 shares of the company’s stock, valued at $269,475,456.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Brian J. Lee sold 3,500 shares of the company’s stock in a transaction 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 transaction, the insider now owns 12,095 shares of the company’s stock, valued at $6,119,949.05. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,018,500 shares of company stock worth $34,342,615. Insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Price Performance

Shares of GS traded up $2.17 during trading hours on Monday, hitting $487.10. 1,792,191 shares of the company were exchanged, compared to its average volume of 2,327,333. 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, Inc. has a fifty-two week low of $289.36 and a fifty-two week high of $509.48. The company has a market cap of $157.07 billion, a price-to-earnings ratio of 19.07, a P/E/G ratio of 0.98 and a beta of 1.37. The firm’s fifty day moving average is $463.11 and its 200 day moving average is $421.25.

The Goldman Sachs Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 30th will be paid a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, August 30th. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $2.75. This represents a $12.00 annualized dividend and a yield of 2.46%. The Goldman Sachs Group’s dividend payout ratio is presently 42.95%.

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.