Signature Wealth Management Partners LLC Has $1.24 Million Stock Position in The Goldman Sachs Group, Inc. $GS

Signature Wealth Management Partners LLC lifted its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 12.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,747 shares of the investment management company’s stock after acquiring an additional 200 shares during the quarter. The Goldman Sachs Group makes up approximately 0.7% of Signature Wealth Management Partners LLC’s investment portfolio, making the stock its 28th largest position. Signature Wealth Management Partners LLC’s holdings in The Goldman Sachs Group were worth $1,236,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Dogwood Wealth Management LLC increased its position in shares of The Goldman Sachs Group by 1,800.0% in the second quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company’s stock valued at $26,000 after acquiring an additional 36 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd acquired a new stake in shares of The Goldman Sachs Group in the first quarter valued at about $25,000. American Capital Advisory LLC acquired a new stake in shares of The Goldman Sachs Group in the first quarter valued at about $29,000. Godsey & Gibb Inc. increased its position in shares of The Goldman Sachs Group by 170.0% in the first quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company’s stock valued at $30,000 after acquiring an additional 34 shares during the last quarter. Finally, Ridgewood Investments LLC grew its holdings in The Goldman Sachs Group by 45.9% during the second quarter. Ridgewood Investments LLC now owns 54 shares of the investment management company’s stock worth $38,000 after purchasing an additional 17 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Trading Up 1.4%

Shares of NYSE:GS opened at $790.32 on Friday. The Goldman Sachs Group, Inc. has a 12-month low of $439.38 and a 12-month high of $825.25. The stock has a market cap of $239.25 billion, a PE ratio of 17.42, a P/E/G ratio of 1.62 and a beta of 1.42. The business has a 50 day moving average of $755.05 and a 200-day moving average of $655.05. 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 Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data 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 Goldman Sachs Group had a return on equity of 14.32% and a net margin of 12.37%.The company had revenue of $14.58 billion during the quarter, compared to analysts’ expectations of $13.53 billion. During the same quarter in the previous year, the company posted $8.62 earnings per share. The business’s revenue was up 14.5% on a year-over-year basis. As a group, equities research analysts forecast 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 was paid on Monday, September 29th. Stockholders of record on Friday, August 29th were issued a dividend of $4.00 per share. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $3.00. This represents a $16.00 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Friday, August 29th. The Goldman Sachs Group’s dividend payout ratio is presently 35.26%.

Insider Transactions at The Goldman Sachs Group

In other news, COO John E. Waldron sold 9,000 shares of The Goldman Sachs Group stock in a transaction that occurred 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 completion of the sale, the chief operating officer directly owned 106,268 shares in the company, valued at approximately $79,755,196.68. The trade was a 7.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David M. Solomon sold 6,608 shares of The Goldman Sachs Group stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $712.31, for a total transaction of $4,706,944.48. Following the completion of the sale, the chief executive officer owned 126,176 shares of the company’s stock, valued at approximately $89,876,426.56. The trade was a 4.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,323 shares of company stock worth $28,111,828. Insiders own 0.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on GS. Citizens Jmp reiterated a “market perform” rating on shares of The Goldman Sachs Group in a report on Monday, July 14th. HSBC reiterated a “reduce” rating and set a $627.00 price target (up previously from $558.00) on shares of The Goldman Sachs Group in a report on Tuesday, July 8th. JMP Securities reiterated a “market perform” rating and set a $600.00 price target on shares of The Goldman Sachs Group in a report on Monday, July 14th. Wells Fargo & Company lifted their price target on The Goldman Sachs Group from $785.00 to $855.00 and gave the stock an “overweight” rating in a report on Tuesday, September 16th. Finally, Zacks Research cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 16th. Five investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $713.88.

The Goldman Sachs Group Company 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.