The Goldman Sachs Group, Inc. $GS Stock Position Raised by Clarius Group LLC

Clarius Group LLC boosted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 3.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,152 shares of the investment management company’s stock after purchasing an additional 106 shares during the period. Clarius Group LLC’s holdings in The Goldman Sachs Group were worth $2,231,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Dogwood Wealth Management LLC boosted its position in The Goldman Sachs Group by 1,800.0% during the 2nd quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company’s stock worth $26,000 after acquiring an additional 36 shares during the period. Clal Insurance Enterprises Holdings Ltd purchased a new stake in shares of The Goldman Sachs Group in the first quarter worth approximately $25,000. American Capital Advisory LLC acquired a new stake in shares of The Goldman Sachs Group during the first quarter worth approximately $29,000. Godsey & Gibb Inc. grew its position in The Goldman Sachs Group by 170.0% during the first quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company’s stock valued at $30,000 after purchasing an additional 34 shares in the last quarter. Finally, Ridgewood Investments LLC grew its position 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 valued at $38,000 after purchasing an additional 17 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Insider Activity

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 7,463 shares of the company’s stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $724.40, for a total transaction of $5,406,197.20. Following the completion of the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO John E. Waldron sold 9,000 shares of The Goldman Sachs Group stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $750.51, for a total value of $6,754,590.00. Following the completion of the transaction, the chief operating officer owned 106,268 shares in the company, valued at $79,755,196.68. The trade was 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 over the last three months. 0.55% of the stock is currently owned by insiders.

The Goldman Sachs Group Stock Up 1.4%

GS opened at $790.32 on Friday. The business has a 50 day moving average price of $755.05 and a 200 day moving average price of $655.73. The Goldman Sachs Group, Inc. has a twelve month low of $439.38 and a twelve month high of $825.25. 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 firm has a market cap of $239.25 billion, a P/E ratio of 17.42, a price-to-earnings-growth ratio of 1.64 and a beta of 1.42.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly 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 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 for the quarter, compared to the consensus estimate of $13.53 billion. During the same quarter last year, the company posted $8.62 earnings per share. The company’s revenue for the quarter was up 14.5% compared to the same quarter last year. Research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Friday, August 29th were given a dividend of $4.00 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $16.00 dividend on an annualized basis and a yield of 2.0%. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $3.00. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 35.26%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on GS shares. Zacks Research lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 16th. Keefe, Bruyette & Woods increased their price objective 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. Wall Street Zen upgraded The Goldman Sachs Group from a “sell” rating to a “hold” rating in a research note on Saturday, July 12th. Morgan Stanley upped their target price on The Goldman Sachs Group from $706.00 to $854.00 and gave the stock an “equal weight” rating in a research report on Monday, September 29th. Finally, BMO Capital Markets assumed coverage on The Goldman Sachs Group in a report on Friday. They set a “market perform” rating and a $785.00 price target for the company. Five research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, The Goldman Sachs Group presently has a consensus rating of “Hold” and a consensus price target of $717.00.

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.