493 Shares in The Goldman Sachs Group, Inc. (NYSE:GS) Bought by Willis Johnson & Associates Inc.

Willis Johnson & Associates Inc. bought a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 493 shares of the investment management company’s stock, valued at approximately $223,000.

Several other institutional investors have also recently made changes to their positions in GS. First Horizon Advisors Inc. increased its holdings in The Goldman Sachs Group by 5.3% in the fourth quarter. First Horizon Advisors Inc. now owns 1,634 shares of the investment management company’s stock valued at $631,000 after buying an additional 82 shares in the last quarter. Aveo Capital Partners LLC increased its holdings in The Goldman Sachs Group by 8.2% in the fourth quarter. Aveo Capital Partners LLC now owns 697 shares of the investment management company’s stock valued at $269,000 after buying an additional 53 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in The Goldman Sachs Group by 31.4% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 6,780 shares of the investment management company’s stock valued at $2,616,000 after buying an additional 1,622 shares in the last quarter. Sapient Capital LLC purchased a new position in The Goldman Sachs Group in the fourth quarter valued at $268,000. Finally, Vestmark Advisory Solutions Inc. purchased a new position in The Goldman Sachs Group in the fourth quarter valued at $304,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Insider Activity

In other news, Director Thomas K. Montag sold 10,000 shares of the business’s stock in a transaction that occurred on 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 sale, the director now directly owns 12,450 shares of the company’s stock, valued at approximately $6,287,748. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, 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 shares were 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 of the company’s stock, valued at approximately $82,299,679.48. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Thomas K. Montag sold 10,000 shares of the company’s stock in a transaction that occurred 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 sale, the director now directly owns 12,450 shares in the company, valued at $6,287,748. The disclosure for this sale can be found here. In the last three months, 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.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on GS shares. Barclays lifted their target price on shares of The Goldman Sachs Group from $493.00 to $565.00 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. Keefe, Bruyette & Woods lifted their target price on shares of The Goldman Sachs Group from $485.00 to $520.00 and gave the company an “outperform” rating in a research report on Thursday, June 27th. Seaport Res Ptn lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 2nd. JPMorgan Chase & Co. lifted their target price on shares of The Goldman Sachs Group from $461.00 to $464.00 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. Finally, Citigroup lifted their target price on shares of The Goldman Sachs Group from $460.00 to $485.00 and gave the company a “neutral” rating in a research report on Tuesday, July 16th. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $495.94.

The Goldman Sachs Group Trading Up 0.6 %

NYSE:GS traded up $3.15 on Monday, hitting $510.25. The stock had a trading volume of 1,839,000 shares, compared to its average volume of 2,274,770. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.20. The stock has a market cap of $161.14 billion, a price-to-earnings ratio of 19.92, a PEG ratio of 0.79 and a beta of 1.37. The company has a fifty day moving average price of $485.69 and a two-hundred day moving average price of $444.90. 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 posted its earnings results on Monday, July 15th. The investment management company reported $8.62 earnings per share for the quarter, beating the consensus estimate of $8.52 by $0.10. The company had revenue of $12.73 billion for the quarter, compared to analyst estimates of $12.60 billion. The Goldman Sachs Group had a net margin of 9.36% and a return on equity of 10.56%. Equities research 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 business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders 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 dividend yield of 2.35%. This is an increase 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 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.