GAMMA Investing LLC Grows Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

GAMMA Investing LLC increased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 27.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,940 shares of the investment management company’s stock after buying an additional 1,049 shares during the quarter. GAMMA Investing LLC’s holdings in The Goldman Sachs Group were worth $2,235,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in GS. Capital World Investors raised its holdings in shares of The Goldman Sachs Group by 6.0% in the 4th quarter. Capital World Investors now owns 6,012,564 shares of the investment management company’s stock worth $2,319,470,000 after purchasing an additional 338,181 shares during the period. Fisher Asset Management LLC grew its stake in shares of The Goldman Sachs Group by 2.8% in the fourth quarter. Fisher Asset Management LLC now owns 5,518,035 shares of the investment management company’s stock valued at $2,128,693,000 after buying an additional 152,474 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of The Goldman Sachs Group by 0.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,195,203 shares of the investment management company’s stock valued at $2,004,153,000 after buying an additional 27,524 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of The Goldman Sachs Group by 5.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,953,461 shares of the investment management company’s stock valued at $1,910,897,000 after buying an additional 274,989 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of The Goldman Sachs Group by 3.0% in the first quarter. Bank of New York Mellon Corp now owns 4,895,928 shares of the investment management company’s stock valued at $2,044,980,000 after buying an additional 141,538 shares in the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GS has been the subject of a number of recent research reports. HSBC increased their target price on The Goldman Sachs Group from $460.00 to $470.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Barclays raised their price objective on The Goldman Sachs Group from $493.00 to $565.00 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. Oppenheimer raised their price objective on 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. JPMorgan Chase & Co. raised 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. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $500.00 price objective on shares of The Goldman Sachs Group in a research note on Tuesday, July 30th. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and an average price target of $495.94.

Insider Activity at The Goldman Sachs Group

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

The Goldman Sachs Group Trading Down 5.9 %

Shares of The Goldman Sachs Group stock traded down $29.48 on Friday, reaching $470.64. 6,115,462 shares of the company were exchanged, compared to its average volume of 2,606,533. The stock has a fifty day moving average price of $469.30 and a 200-day moving average price of $429.12. The firm has a market capitalization of $151.76 billion, a price-to-earnings ratio of 18.38, a price-to-earnings-growth ratio of 0.99 and a beta of 1.37. The company has a current ratio of 1.12, a quick ratio of 0.74 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 $517.26.

The Goldman Sachs Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 30th will be given a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 2.55%. 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 payout ratio is presently 46.86%.

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.