Mattson Financial Services LLC Grows Stock Position in The Goldman Sachs Group, Inc. $GS

Mattson Financial Services LLC increased its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 6.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,942 shares of the investment management company’s stock after buying an additional 454 shares during the period. The Goldman Sachs Group comprises about 1.3% of Mattson Financial Services LLC’s holdings, making the stock its 16th largest position. Mattson Financial Services LLC’s holdings in The Goldman Sachs Group were worth $4,339,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in GS. GAMMA Investing LLC raised its stake in The Goldman Sachs Group by 63,864.7% in the 1st quarter. GAMMA Investing LLC now owns 3,976,684 shares of the investment management company’s stock valued at $2,172,423,000 after purchasing an additional 3,970,467 shares during the last quarter. International Assets Investment Management LLC acquired a new position in The Goldman Sachs Group in the 1st quarter valued at about $1,766,238,000. Nuveen LLC acquired a new position in The Goldman Sachs Group in the 1st quarter valued at about $897,185,000. Assenagon Asset Management S.A. raised its stake in The Goldman Sachs Group by 102.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 14,764 shares of the investment management company’s stock valued at $8,065,000 after purchasing an additional 585,084 shares during the last quarter. Finally, Cohen Investment Advisors LLC raised its stake in The Goldman Sachs Group by 5,559.2% in the 1st quarter. Cohen Investment Advisors LLC now owns 470,220 shares of the investment management company’s stock valued at $256,876,000 after purchasing an additional 461,911 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. JMP Securities reissued a “market perform” rating and issued a $600.00 target price on shares of The Goldman Sachs Group in a research note on Monday, July 14th. HSBC reaffirmed a “reduce” rating and set a $627.00 price objective (up previously from $558.00) on shares of The Goldman Sachs Group in a research note on Tuesday, July 8th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of The Goldman Sachs Group in a research note on Thursday, July 10th. Evercore ISI set a $715.00 price objective on shares of The Goldman Sachs Group and gave the company an “outperform” rating in a research note on Thursday, July 10th. Finally, Wells Fargo & Company upped their price objective on shares of The Goldman Sachs Group from $650.00 to $785.00 and gave the company an “overweight” rating in a research note on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $660.00.

The Goldman Sachs Group Stock Up 0.8%

GS opened at $769.95 on Thursday. The firm has a 50 day moving average price of $726.53 and a 200 day moving average price of $629.25. The company has a market cap of $233.08 billion, a PE ratio of 16.97, a price-to-earnings-growth ratio of 1.60 and a beta of 1.41. The Goldman Sachs Group, Inc. has a 1 year low of $439.38 and a 1 year high of $774.47. The company has a debt-to-equity ratio of 2.57, a quick ratio of 0.67 and a current ratio of 0.67.

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

The Goldman Sachs Group Increases Dividend

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

Insider Buying and Selling

In other The Goldman Sachs Group news, EVP John F.W. Rogers sold 6,008 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president owned 65,761 shares in the company, valued at $47,176,283.79. This represents a 8.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO John E. Waldron sold 9,244 shares of the company’s stock in a transaction that occurred 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 transaction, the chief operating officer owned 115,268 shares of the company’s stock, valued at approximately $86,463,679.48. This represents a 7.42% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,323 shares of company stock worth $28,111,828 in the last 90 days. 0.55% of the stock is owned by insiders.

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.