Seven Eight Capital LP Purchases Shares of 4,881 The Goldman Sachs Group, Inc. (NYSE:GS)

Seven Eight Capital LP acquired a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 4,881 shares of the investment management company’s stock, valued at approximately $2,039,000.

Other large investors have also modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of The Goldman Sachs Group by 13.7% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 166,656 shares of the investment management company’s stock valued at $64,291,000 after purchasing an additional 20,018 shares in the last quarter. HTLF Bank acquired a new position in The Goldman Sachs Group during the fourth quarter valued at approximately $850,000. Apexium Financial LP grew its stake in The Goldman Sachs Group by 7.1% during the fourth quarter. Apexium Financial LP now owns 5,672 shares of the investment management company’s stock worth $2,188,000 after buying an additional 378 shares during the period. Empowered Funds LLC increased its position in shares of The Goldman Sachs Group by 62.7% in the first quarter. Empowered Funds LLC now owns 6,301 shares of the investment management company’s stock worth $2,632,000 after acquiring an additional 2,428 shares in the last quarter. Finally, Duality Advisers LP purchased a new position in shares of The Goldman Sachs Group in the 1st quarter valued at $1,388,000. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Thomas K. Montag sold 10,000 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $505.04, for a total transaction of $5,050,400.00. Following the sale, the director now directly owns 12,450 shares in the company, valued at approximately $6,287,748. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other The Goldman Sachs Group news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of The Goldman Sachs Group stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $6.34, for a total transaction of $25,360,000.00. Following the completion of the transaction, the insider now directly owns 12,981,022 shares of the company’s stock, valued at $82,299,679.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Thomas K. Montag sold 10,000 shares of the company’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $505.04, for a total transaction of $5,050,400.00. Following the completion of the sale, the director now directly owns 12,450 shares in the company, valued at approximately $6,287,748. The disclosure for this sale can be found here. Insiders have sold 4,018,500 shares of company stock worth $34,342,615 over the last 90 days. Corporate insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Stock Performance

GS traded up $5.16 on Tuesday, hitting $492.20. 2,019,895 shares of the stock traded hands, compared to its average volume of 2,325,137. The business has a fifty day moving average price of $463.78 and a two-hundred day moving average price of $421.98. The company has a current ratio of 1.12, a quick ratio of 0.74 and a debt-to-equity ratio of 1.97. The Goldman Sachs Group, Inc. has a 52 week low of $289.36 and a 52 week high of $509.48. The firm has a market capitalization of $158.71 billion, a PE ratio of 19.24, a P/E/G ratio of 0.98 and a beta of 1.37.

The Goldman Sachs Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 30th will be given a $3.00 dividend. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $2.75. This represents a $12.00 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Friday, August 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is 42.95%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. HSBC upped their price target on shares of The Goldman Sachs Group from $460.00 to $470.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Keefe, Bruyette & Woods increased their price objective on shares of The Goldman Sachs Group from $485.00 to $520.00 and gave the company an “outperform” rating in a research note on Thursday, June 27th. Seaport Res Ptn lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 2nd. JMP Securities raised their target price on The Goldman Sachs Group from $440.00 to $460.00 and gave the company a “market outperform” rating in a research note on Tuesday, April 9th. Finally, UBS Group upped their price target on shares of The Goldman Sachs Group from $490.00 to $535.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and an average target price of $484.59.

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.