CFM Wealth Partners LLC Acquires 67 Shares of The Goldman Sachs Group, Inc. $GS

CFM Wealth Partners LLC boosted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 2.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,359 shares of the investment management company’s stock after buying an additional 67 shares during the quarter. CFM Wealth Partners LLC’s holdings in The Goldman Sachs Group were worth $2,378,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. KLP Kapitalforvaltning AS raised its holdings in The Goldman Sachs Group by 0.6% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 136,163 shares of the investment management company’s stock valued at $96,369,000 after buying an additional 800 shares during the last quarter. Hardy Reed LLC acquired a new position in shares of The Goldman Sachs Group in the 2nd quarter worth approximately $1,290,000. Ameliora Wealth Management Ltd. bought a new stake in shares of The Goldman Sachs Group in the 2nd quarter valued at $563,000. Meitav Investment House Ltd. boosted its stake in shares of The Goldman Sachs Group by 15.1% in the 2nd quarter. Meitav Investment House Ltd. now owns 11,811 shares of the investment management company’s stock valued at $8,283,000 after purchasing an additional 1,552 shares during the last quarter. Finally, Country Club Bank acquired a new stake in shares of The Goldman Sachs Group during the second quarter worth $238,000. Institutional investors own 71.21% of the company’s stock.

Insider Buying and Selling at The Goldman Sachs Group

In related news, 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 completion of the sale, the chief operating officer owned 106,268 shares of the company’s stock, valued at approximately $79,755,196.68. This trade represents a 7.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP John F.W. Rogers sold 6,008 shares of The Goldman Sachs Group stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $717.39, for a total transaction of $4,310,079.12. Following the completion of the sale, the executive vice president directly owned 65,761 shares of the company’s stock, valued at approximately $47,176,283.79. The trade was a 8.37% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,323 shares of company stock worth $28,111,828. 0.55% of the stock is owned by company insiders.

The Goldman Sachs Group Stock Performance

Shares of GS stock opened at $796.13 on Tuesday. The company has a market cap of $241.00 billion, a price-to-earnings ratio of 17.54, a price-to-earnings-growth ratio of 1.64 and a beta of 1.42. The Goldman Sachs Group, Inc. has a 52 week low of $439.38 and a 52 week high of $825.25. 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 firm has a 50 day moving average of $756.50 and a 200-day moving average of $657.99.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Wednesday, July 16th. The investment management company reported $10.91 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $13.53 billion. During the same quarter last year, the firm posted $8.62 EPS. The company’s quarterly revenue was up 14.5% on a year-over-year basis. On average, equities 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 firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, August 29th were given a $4.00 dividend. This represents a $16.00 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Friday, August 29th. 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%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on GS. Wells Fargo & Company boosted their target price on shares of The Goldman Sachs Group from $785.00 to $855.00 and gave the company an “overweight” rating in a report on Tuesday, September 16th. Wall Street Zen raised shares of The Goldman Sachs Group from a “sell” rating to a “hold” rating in a research report on Saturday, July 12th. HSBC upped their price target on shares of The Goldman Sachs Group from $652.00 to $677.00 in a research report on Thursday, October 2nd. Morgan Stanley upped their price target on shares of The Goldman Sachs Group from $706.00 to $854.00 and gave the company an “equal weight” rating in a research report on Monday, September 29th. Finally, Evercore ISI upped their price target on shares of The Goldman Sachs Group from $752.00 to $830.00 and gave the company an “outperform” rating in a research report on Tuesday, September 30th. Five investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $717.00.

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.