American Century Companies Inc. Acquires 1,747 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

American Century Companies Inc. raised its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 2.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 86,108 shares of the investment management company’s stock after acquiring an additional 1,747 shares during the period. American Century Companies Inc.’s holdings in The Goldman Sachs Group were worth $38,948,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Bahl & Gaynor Inc. grew its holdings in shares of The Goldman Sachs Group by 16.6% in the second quarter. Bahl & Gaynor Inc. now owns 2,107 shares of the investment management company’s stock worth $953,000 after purchasing an additional 300 shares during the last quarter. Trifecta Capital Advisors LLC grew its holdings in shares of The Goldman Sachs Group by 0.7% in the second quarter. Trifecta Capital Advisors LLC now owns 12,669 shares of the investment management company’s stock worth $5,730,000 after purchasing an additional 85 shares during the last quarter. Marco Investment Management LLC grew its holdings in shares of The Goldman Sachs Group by 0.3% in the second quarter. Marco Investment Management LLC now owns 49,383 shares of the investment management company’s stock worth $22,337,000 after purchasing an additional 164 shares during the last quarter. Evernest Financial Advisors LLC grew its holdings in shares of The Goldman Sachs Group by 23.7% in the second quarter. Evernest Financial Advisors LLC now owns 2,223 shares of the investment management company’s stock worth $1,006,000 after purchasing an additional 426 shares during the last quarter. Finally, Biltmore Family Office LLC lifted its stake in The Goldman Sachs Group by 1.4% in the second quarter. Biltmore Family Office LLC now owns 1,630 shares of the investment management company’s stock worth $737,000 after acquiring an additional 23 shares during the period. 71.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. JPMorgan Chase & Co. raised their price target on The Goldman Sachs Group from $464.00 to $472.00 and gave the stock an “overweight” rating in a research note on Monday, September 9th. Keefe, Bruyette & Woods raised their price target on The Goldman Sachs Group from $485.00 to $520.00 and gave the stock an “outperform” rating in a research note on Thursday, June 27th. UBS Group raised their price target on The Goldman Sachs Group from $490.00 to $535.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. Barclays raised their price objective on The Goldman Sachs Group from $493.00 to $565.00 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. Finally, Wells Fargo & Company raised their price objective on The Goldman Sachs Group from $504.00 to $550.00 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $496.44.

The Goldman Sachs Group Price Performance

NYSE GS opened at $485.39 on Wednesday. The Goldman Sachs Group, Inc. has a one year low of $289.36 and a one year high of $517.26. The stock has a 50-day moving average of $490.99 and a 200 day moving average of $452.97. The company has a market capitalization of $156.52 billion, a price-to-earnings ratio of 18.95, a PEG ratio of 0.73 and a beta of 1.36. The company has a debt-to-equity ratio of 2.20, a quick ratio of 0.72 and a current ratio of 0.72.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $12.60 billion. On average, sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 35.5 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The company also recently declared 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. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $2.75. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend is Friday, August 30th. The Goldman Sachs Group’s payout ratio is currently 46.86%.

Insider Buying and Selling at The Goldman Sachs Group

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 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 transaction was disclosed in a filing with the SEC, which is available at 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 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Brian J. Lee sold 3,500 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 12,095 shares of the company’s stock, valued at $6,119,949.05. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company’s stock.

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.