The Goldman Sachs Group, Inc. $GS Shares Acquired by Parisi Gray Wealth Management

Parisi Gray Wealth Management increased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 2.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,983 shares of the investment management company’s stock after purchasing an additional 145 shares during the quarter. The Goldman Sachs Group makes up approximately 1.2% of Parisi Gray Wealth Management’s investment portfolio, making the stock its 22nd largest position. Parisi Gray Wealth Management’s holdings in The Goldman Sachs Group were worth $4,235,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in GS. Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of The Goldman Sachs Group during the 1st quarter worth $25,000. American Capital Advisory LLC purchased a new position in shares of The Goldman Sachs Group in the 1st quarter valued at about $29,000. Godsey & Gibb Inc. grew its stake in The Goldman Sachs Group by 170.0% during the 1st quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company’s stock worth $30,000 after buying an additional 34 shares during the last quarter. Mascagni Wealth Management Inc. purchased a new position in The Goldman Sachs Group during the 4th quarter worth approximately $31,000. Finally, Lowe Wealth Advisors LLC grew its stake in shares of The Goldman Sachs Group by 326.7% in the 1st quarter. Lowe Wealth Advisors LLC now owns 64 shares of the investment management company’s stock valued at $35,000 after purchasing an additional 49 shares during the last quarter. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

The Goldman Sachs Group Stock Down 0.5%

NYSE:GS opened at $780.87 on Monday. The firm has a market capitalization of $236.38 billion, a PE ratio of 17.21, a price-to-earnings-growth ratio of 1.64 and a beta of 1.41. The stock has a 50 day moving average of $728.85 and a 200-day moving average of $631.75. The Goldman Sachs Group, Inc. has a 52 week low of $439.38 and a 52 week high of $793.17. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.57.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Wednesday, July 16th. The investment management company reported $10.91 EPS for the quarter, beating the consensus estimate of $9.82 by $1.09. The company had revenue of $14.58 billion during the quarter, compared to analyst estimates of $13.53 billion. The Goldman Sachs Group had a return on equity of 14.32% and a net margin of 12.37%.The business’s revenue was up 14.5% compared to the same quarter last year. During the same period in the prior year, the company earned $8.62 earnings per share. Analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS 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 $4.00 dividend. The ex-dividend date is Friday, August 29th. This represents a $16.00 annualized dividend and a yield of 2.0%. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $3.00. The Goldman Sachs Group’s payout ratio is 35.26%.

Insiders Place Their Bets

In related news, CFO Denis P. Coleman sold 7,463 shares of the firm’s stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $724.40, for a total value of $5,406,197.20. Following the sale, the chief financial officer directly owned 18,594 shares in the company, valued at $13,469,493.60. This trade represents a 28.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO John E. Waldron sold 9,000 shares of The Goldman Sachs Group stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $750.51, for a total value of $6,754,590.00. Following the transaction, the chief operating officer owned 106,268 shares in the company, valued at approximately $79,755,196.68. This trade represents a 7.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,323 shares of company stock valued at $28,111,828 in the last quarter. 0.55% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have recently commented on GS shares. Wall Street Zen raised The Goldman Sachs Group from a “sell” rating to a “hold” rating in a report on Saturday, July 12th. JMP Securities reissued a “market perform” rating and issued a $600.00 price target on shares of The Goldman Sachs Group in a report on Monday, July 14th. Morgan Stanley boosted their price target on The Goldman Sachs Group from $680.00 to $715.00 and gave the stock an “equal weight” rating in a report on Thursday, July 17th. Zacks Research raised The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a report on Friday, August 15th. Finally, Keefe, Bruyette & Woods boosted their price target on The Goldman Sachs Group from $771.00 to $790.00 and gave the stock a “market perform” rating in a report on Thursday, July 17th. 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 given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $660.00.

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.