The Goldman Sachs Group, Inc. (NYSE:GS) Shares Sold by Hollencrest Capital Management

Hollencrest Capital Management lessened its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 11.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 814 shares of the investment management company’s stock after selling 105 shares during the quarter. Hollencrest Capital Management’s holdings in The Goldman Sachs Group were worth $368,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Aveo Capital Partners LLC boosted its position in shares of The Goldman Sachs Group by 8.2% during the 4th quarter. Aveo Capital Partners LLC now owns 697 shares of the investment management company’s stock valued at $269,000 after purchasing an additional 53 shares in the last quarter. Assetmark Inc. boosted its holdings in The Goldman Sachs Group by 33.0% during the fourth quarter. Assetmark Inc. now owns 22,882 shares of the investment management company’s stock worth $8,827,000 after buying an additional 5,674 shares in the last quarter. Davis R M Inc. grew its position in The Goldman Sachs Group by 7.1% in the fourth quarter. Davis R M Inc. now owns 1,133 shares of the investment management company’s stock worth $437,000 after buying an additional 75 shares during the last quarter. King Luther Capital Management Corp grew its position in The Goldman Sachs Group by 7.9% in the fourth quarter. King Luther Capital Management Corp now owns 9,169 shares of the investment management company’s stock worth $3,537,000 after buying an additional 672 shares during the last quarter. Finally, WBI Investments LLC acquired a new stake in shares of The Goldman Sachs Group during the 4th quarter valued at $1,048,000. Institutional investors own 71.21% of the company’s stock.

Insider Buying and Selling

In related news, Director Thomas K. Montag sold 10,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director now owns 12,450 shares in the company, valued at approximately $6,287,748. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other The Goldman Sachs Group news, Director Thomas K. Montag sold 10,000 shares of the business’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $505.04, for a total value of $5,050,400.00. Following the transaction, the director now directly owns 12,450 shares in the company, valued at $6,287,748. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Brian J. Lee sold 3,500 shares of the company’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $505.99, for a total transaction of $1,770,965.00. Following the sale, the insider now directly owns 12,095 shares in the company, valued at $6,119,949.05. The disclosure for this sale can be found here. 0.54% of the stock is owned by company insiders.

The Goldman Sachs Group Stock Up 4.0 %

The Goldman Sachs Group stock opened at $503.83 on Friday. The company has a debt-to-equity ratio of 2.20, a current ratio of 0.72 and a quick ratio of 0.72. The Goldman Sachs Group, Inc. has a fifty-two week low of $289.36 and a fifty-two week high of $517.26. The firm has a fifty day moving average price of $491.60 and a two-hundred day moving average price of $453.55. The firm has a market cap of $162.47 billion, a price-to-earnings ratio of 19.67, a P/E/G ratio of 0.73 and a beta of 1.36.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Monday, July 15th. The investment management company reported $8.62 EPS for the quarter, topping the consensus estimate of $8.52 by $0.10. The Goldman Sachs Group had a return on equity of 10.56% and a net margin of 9.36%. The company had revenue of $12.73 billion for the quarter, compared to the consensus estimate of $12.60 billion. As a group, analysts forecast that The Goldman Sachs Group, Inc. will post 35.5 earnings per share for the current year.

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 paid a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.38%. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $2.75. The ex-dividend date is Friday, August 30th. The Goldman Sachs Group’s dividend payout ratio is presently 46.86%.

Wall Street Analyst Weigh In

GS has been the topic of several recent analyst reports. Seaport Res Ptn downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 2nd. Keefe, Bruyette & Woods boosted their price target on shares of The Goldman Sachs Group from $485.00 to $520.00 and gave the company an “outperform” rating in a report on Thursday, June 27th. Barclays raised their price objective on shares of The Goldman Sachs Group from $493.00 to $565.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 16th. Oppenheimer raised their target price on The Goldman Sachs Group from $504.00 to $559.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 16th. Finally, JPMorgan Chase & Co. upped their price target on The Goldman Sachs Group from $464.00 to $472.00 and gave the company an “overweight” rating in a research report on Monday, September 9th. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $496.44.

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.