Belpointe Asset Management LLC Boosts Stock Holdings in The Goldman Sachs Group, Inc. $GS

Belpointe Asset Management LLC boosted its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 53.7% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,626 shares of the investment management company’s stock after acquiring an additional 1,966 shares during the period. Belpointe Asset Management LLC’s holdings in The Goldman Sachs Group were worth $3,074,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Intech Investment Management LLC raised its stake in The Goldman Sachs Group by 7.9% during the first quarter. Intech Investment Management LLC now owns 87,624 shares of the investment management company’s stock valued at $47,868,000 after purchasing an additional 6,422 shares in the last quarter. Focus Partners Wealth raised its stake in The Goldman Sachs Group by 12.3% during the first quarter. Focus Partners Wealth now owns 173,638 shares of the investment management company’s stock valued at $94,857,000 after purchasing an additional 18,989 shares in the last quarter. Integrity Alliance LLC. raised its stake in The Goldman Sachs Group by 85.6% during the first quarter. Integrity Alliance LLC. now owns 4,988 shares of the investment management company’s stock valued at $2,725,000 after purchasing an additional 2,301 shares in the last quarter. Ransom Advisory Ltd purchased a new stake in The Goldman Sachs Group during the first quarter valued at $3,560,000. Finally, Anchor Investment Management LLC raised its stake in The Goldman Sachs Group by 0.5% during the first quarter. Anchor Investment Management LLC now owns 4,641 shares of the investment management company’s stock valued at $2,535,000 after purchasing an additional 23 shares in the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, EVP John F.W. Rogers sold 6,008 shares of the company’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $717.39, for a total value of $4,310,079.12. Following the completion of the sale, the executive vice president directly owned 65,761 shares in the company, valued at approximately $47,176,283.79. This represents a 8.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO John E. Waldron sold 9,244 shares of the company’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $750.11, for a total value of $6,934,016.84. Following the completion of the sale, the chief operating officer owned 115,268 shares of the company’s stock, valued at $86,463,679.48. This represents a 7.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,323 shares of company stock worth $28,111,828 in the last ninety days. 0.55% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on GS shares. Keefe, Bruyette & Woods upped their price target on shares of The Goldman Sachs Group from $771.00 to $790.00 and gave the company a “market perform” rating in a research note on Thursday, July 17th. Morgan Stanley upped their price objective on The Goldman Sachs Group from $680.00 to $715.00 and gave the company an “equal weight” rating in a research report on Thursday, July 17th. Evercore ISI set a $715.00 price objective on The Goldman Sachs Group and gave the company an “outperform” rating in a research report on Thursday, July 10th. Hsbc Global Res lowered shares of The Goldman Sachs Group from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, July 8th. Finally, Zacks Research raised shares of The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 15th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, The Goldman Sachs Group currently has an average rating of “Hold” and a consensus price target of $660.00.

The Goldman Sachs Group Stock Performance

GS stock opened at $769.95 on Thursday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.57. The business’s fifty day simple moving average is $726.53 and its two-hundred day simple moving average is $629.25. The Goldman Sachs Group, Inc. has a twelve month low of $439.38 and a twelve month high of $774.47. The firm has a market cap of $233.08 billion, a price-to-earnings ratio of 16.97, a PEG ratio of 1.60 and a beta of 1.41.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Wednesday, July 16th. The investment management company reported $10.91 earnings per share for the quarter, topping analysts’ consensus estimates of $9.82 by $1.09. The Goldman Sachs Group had a return on equity of 14.32% and a net margin of 12.37%.The business had revenue of $14.58 billion for the quarter, compared to analyst estimates of $13.53 billion. During the same quarter last year, the firm posted $8.62 earnings per share. The business’s revenue was up 14.5% compared to the same quarter last year. Analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Friday, August 29th will be paid a $4.00 dividend. This represents a $16.00 annualized dividend and a yield of 2.1%. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $3.00. The ex-dividend date of this dividend is Friday, August 29th. The Goldman Sachs Group’s payout ratio is currently 35.26%.

About The Goldman Sachs Group

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.