Signature Estate & Investment Advisors LLC Takes $778,000 Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Signature Estate & Investment Advisors LLC bought a new stake in The Goldman Sachs Group, Inc. (NYSE:GS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,719 shares of the investment management company’s stock, valued at approximately $778,000.

Other hedge funds have also recently added to or reduced their stakes in the company. First Personal Financial Services bought a new stake in shares of The Goldman Sachs Group in the first quarter worth about $25,000. First United Bank & Trust bought a new stake in shares of The Goldman Sachs Group in the fourth quarter worth about $26,000. POM Investment Strategies LLC bought a new position in shares of The Goldman Sachs Group during the second quarter worth about $26,000. Versant Capital Management Inc grew its holdings in shares of The Goldman Sachs Group by 106.3% during the first quarter. Versant Capital Management Inc now owns 66 shares of the investment management company’s stock worth $28,000 after buying an additional 34 shares in the last quarter. Finally, SJS Investment Consulting Inc. grew its holdings 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 worth $28,000 after buying an additional 31 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on GS. Keefe, Bruyette & Woods raised 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. BMO Capital Markets raised their price target on The Goldman Sachs Group from $360.00 to $373.00 and gave the company a “market perform” rating in a research note on Wednesday, July 17th. Barclays raised their price target 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. Morgan Stanley boosted their target price on The Goldman Sachs Group from $513.00 to $561.00 and gave the stock an “overweight” rating in a report on Tuesday, July 30th. Finally, Oppenheimer lifted their price objective on shares of The Goldman Sachs Group from $504.00 to $559.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 16th. Five investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $495.94.

Insider Buying and Selling at The Goldman Sachs Group

In related news, insider Brian J. Lee sold 3,500 shares of the company’s 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 sale, the insider now directly owns 12,095 shares in the company, valued at approximately $6,119,949.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Brian J. Lee sold 3,500 shares of the company’s 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 sale, the insider now owns 12,095 shares of the company’s stock, valued at approximately $6,119,949.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $6.34, for a total transaction of $25,360,000.00. Following the sale, the insider now directly owns 12,981,022 shares in the company, valued at approximately $82,299,679.48. The disclosure for this sale can be found here. Insiders have sold a total of 4,013,500 shares of company stock worth $32,181,365 over the last three months. 0.54% of the stock is currently owned by insiders.

The Goldman Sachs Group Trading Up 0.5 %

GS stock traded up $2.45 during midday trading on Tuesday, hitting $510.32. The stock had a trading volume of 165,341 shares, compared to its average volume of 2,281,064. 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 business has a fifty day moving average price of $481.53 and a two-hundred day moving average price of $441.40. The firm has a market cap of $164.56 billion, a P/E ratio of 19.83, a price-to-earnings-growth ratio of 0.99 and a beta of 1.37. The Goldman Sachs Group, Inc. has a 1-year low of $289.36 and a 1-year high of $517.26.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Monday, July 15th. The investment management company reported $8.62 earnings per share for the quarter, topping the consensus estimate of $8.52 by $0.10. The Goldman Sachs Group had a net margin of 9.36% and a return on equity of 10.26%. The business had revenue of $12.73 billion for the quarter, compared to analysts’ expectations of $12.60 billion. On average, sell-side analysts predict that The Goldman Sachs Group, Inc. will post 36.74 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The business 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 $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 2.35%. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $2.75. The ex-dividend date 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.