Harold Davidson & Associates Inc. Buys 1,028 Shares of The Goldman Sachs Group, Inc. $GS

Harold Davidson & Associates Inc. lifted its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 50.1% in the first quarter, Holdings Channel.com reports. The fund owned 3,081 shares of the investment management company’s stock after acquiring an additional 1,028 shares during the quarter. The Goldman Sachs Group makes up approximately 0.9% of Harold Davidson & Associates Inc.’s investment portfolio, making the stock its 27th biggest position. Harold Davidson & Associates Inc.’s holdings in The Goldman Sachs Group were worth $1,683,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Canada Pension Plan Investment Board raised its position in shares of The Goldman Sachs Group by 28.6% during the first quarter. Canada Pension Plan Investment Board now owns 524,296 shares of the investment management company’s stock worth $286,418,000 after acquiring an additional 116,535 shares during the last quarter. Clear Creek Financial Management LLC bought a new stake in The Goldman Sachs Group in the first quarter worth approximately $321,000. Blueshift Asset Management LLC increased its holdings in The Goldman Sachs Group by 161.8% in the first quarter. Blueshift Asset Management LLC now owns 1,055 shares of the investment management company’s stock worth $576,000 after purchasing an additional 652 shares in the last quarter. Adams Diversified Equity Fund Inc. increased its holdings in The Goldman Sachs Group by 41.5% in the first quarter. Adams Diversified Equity Fund Inc. now owns 49,800 shares of the investment management company’s stock worth $27,205,000 after purchasing an additional 14,600 shares in the last quarter. Finally, Terra Nova Asset Management LLC bought a new stake in The Goldman Sachs Group in the first quarter worth approximately $1,643,000. 71.21% of the stock is currently owned by institutional investors.

The Goldman Sachs Group Trading Up 2.0%

GS opened at $785.23 on Friday. The company has a debt-to-equity ratio of 2.57, a current ratio of 0.67 and a quick ratio of 0.67. The Goldman Sachs Group, Inc. has a fifty-two week low of $439.38 and a fifty-two week high of $793.17. The firm has a market capitalization of $237.70 billion, a PE ratio of 17.30, a P/E/G ratio of 1.61 and a beta of 1.41. The company’s 50-day moving average is $727.73 and its 200 day moving average is $630.35.

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 for the quarter, topping analysts’ consensus estimates of $9.82 by $1.09. The Goldman Sachs Group had a net margin of 12.37% and a return on equity of 14.32%. The company had revenue of $14.58 billion for the quarter, compared to analyst estimates of $13.53 billion. During the same quarter in the prior year, the business posted $8.62 EPS. The firm’s revenue was up 14.5% compared to the same quarter last year. As a group, research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 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 Monday, September 29th. Investors of record on Friday, August 29th will be given a dividend of $4.00 per share. The ex-dividend date of this dividend is Friday, August 29th. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $3.00. This represents a $16.00 annualized dividend and a dividend yield of 2.0%. The Goldman Sachs Group’s payout ratio is presently 35.26%.

Wall Street Analysts Forecast Growth

GS has been the subject of a number of research analyst reports. Hsbc Global Res downgraded The Goldman Sachs Group from a “hold” rating to a “moderate sell” rating in a report on Tuesday, July 8th. Wells Fargo & Company lifted their target price on The Goldman Sachs Group from $650.00 to $785.00 and gave the stock an “overweight” rating in a report on Tuesday, July 8th. Citigroup lifted their target price on The Goldman Sachs Group from $550.00 to $700.00 and gave the stock a “neutral” rating in a report on Monday, July 21st. Wall Street Zen upgraded The Goldman Sachs Group from a “sell” rating to a “hold” rating in a report on Saturday, July 12th. Finally, Evercore ISI set a $715.00 target price on The Goldman Sachs Group and gave the stock an “outperform” rating in a report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $660.00.

Insider Buying and Selling

In related news, EVP John F.W. Rogers sold 6,008 shares of The Goldman Sachs Group stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $717.39, for a total transaction of $4,310,079.12. Following the transaction, the executive vice president owned 65,761 shares of the company’s stock, valued at $47,176,283.79. The trade was a 8.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Denis P. Coleman sold 7,463 shares of The Goldman Sachs Group stock in a transaction on Friday, July 25th. The stock was sold at an average price of $724.40, for a total transaction of $5,406,197.20. Following the transaction, the chief financial officer directly owned 18,594 shares in the company, valued at $13,469,493.60. This represents a 28.64% 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. Corporate insiders own 0.55% of the company’s stock.

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.