630 Shares in The Goldman Sachs Group, Inc. (NYSE:GS) Acquired by ProVise Management Group LLC

ProVise Management Group LLC bought a new stake in The Goldman Sachs Group, Inc. (NYSE:GS) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 630 shares of the investment management company’s stock, valued at approximately $285,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Aveo Capital Partners LLC raised its holdings in The Goldman Sachs Group by 8.2% in the 4th quarter. Aveo Capital Partners LLC now owns 697 shares of the investment management company’s stock valued at $269,000 after buying an additional 53 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of The Goldman Sachs Group by 2.6% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 38,249 shares of the investment management company’s stock worth $14,755,000 after purchasing an additional 963 shares during the period. FineMark National Bank & Trust grew its stake in shares of The Goldman Sachs Group by 3.6% in the fourth quarter. FineMark National Bank & Trust now owns 3,142 shares of the investment management company’s stock worth $1,212,000 after purchasing an additional 109 shares during the last quarter. SageView Advisory Group LLC acquired a new stake in The Goldman Sachs Group in the fourth quarter valued at $505,000. Finally, Orion Portfolio Solutions LLC raised its position in The Goldman Sachs Group by 3.5% during the 4th quarter. Orion Portfolio Solutions LLC now owns 10,679 shares of the investment management company’s stock worth $4,153,000 after purchasing an additional 358 shares during the last quarter. Institutional investors own 71.21% of the company’s stock.

Wall Street Analysts Forecast Growth

GS has been the subject of several recent research reports. Citigroup increased their price target on The Goldman Sachs Group from $460.00 to $485.00 and gave the company a “neutral” rating in a research note on Tuesday, July 16th. Evercore ISI increased their target price on shares of The Goldman Sachs Group from $475.00 to $520.00 and gave the company an “outperform” rating in a research report on Tuesday, July 16th. BMO Capital Markets boosted their price target on shares of The Goldman Sachs Group from $360.00 to $373.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 17th. Keefe, Bruyette & Woods increased their price objective on shares of The Goldman Sachs Group from $485.00 to $520.00 and gave the stock an “outperform” rating in a research report on Thursday, June 27th. Finally, Seaport Res Ptn downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 2nd. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and a consensus target price of $496.44.

The Goldman Sachs Group Trading Down 1.1 %

NYSE:GS opened at $498.28 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 one year low of $289.36 and a one year high of $517.26. The company has a market cap of $160.68 billion, a PE ratio of 19.46, a PEG ratio of 0.73 and a beta of 1.36. The firm has a 50-day moving average of $491.96 and a 200-day moving average of $454.28.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Monday, July 15th. The investment management company reported $8.62 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $12.73 billion during the quarter, compared to analyst estimates of $12.60 billion. As a group, equities research analysts expect that The Goldman Sachs Group, Inc. will post 35.5 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 30th will be paid a dividend of $3.00 per share. The ex-dividend date is Friday, August 30th. 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 2.41%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 46.86%.

Insiders Place Their Bets

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

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.