The Goldman Sachs Group, Inc. (NYSE:GS) Shares Acquired by Moors & Cabot Inc.

Moors & Cabot Inc. boosted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 3.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,637 shares of the investment management company’s stock after purchasing an additional 88 shares during the quarter. Moors & Cabot Inc.’s holdings in The Goldman Sachs Group were worth $1,193,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. POM Investment Strategies LLC purchased a new position in The Goldman Sachs Group during the 2nd quarter worth approximately $26,000. Headlands Technologies LLC purchased a new stake in The Goldman Sachs Group in the 2nd quarter valued at $27,000. First Personal Financial Services purchased a new stake in shares of The Goldman Sachs Group in the first quarter valued at about $25,000. SJS Investment Consulting Inc. increased its position in The Goldman Sachs Group by 103.3% in the 2nd quarter. SJS Investment Consulting Inc. now owns 61 shares of the investment management company’s stock valued at $28,000 after acquiring an additional 31 shares during the period. Finally, Quest Partners LLC lifted its position in The Goldman Sachs Group by 6,300.0% during the 2nd quarter. Quest Partners LLC now owns 64 shares of the investment management company’s stock worth $29,000 after acquiring an additional 63 shares during the period. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Wells Fargo & Company increased their price target on shares of The Goldman Sachs Group from $504.00 to $550.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. UBS Group raised their price target on The Goldman Sachs Group from $490.00 to $535.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. BMO Capital Markets upped their price objective on The Goldman Sachs Group from $360.00 to $373.00 and gave the stock a “market perform” rating in a report on Wednesday, July 17th. Seaport Res Ptn lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 2nd. Finally, JPMorgan Chase & Co. increased their price target on shares of The Goldman Sachs Group from $464.00 to $472.00 and gave the company an “overweight” rating in a report on Monday, September 9th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, The Goldman Sachs Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $496.44.

The Goldman Sachs Group Stock Performance

The Goldman Sachs Group stock opened at $484.70 on Thursday. The Goldman Sachs Group, Inc. has a fifty-two week low of $289.36 and a fifty-two week high of $517.26. The company has a market capitalization of $156.30 billion, a price-to-earnings ratio of 18.93, a PEG ratio of 0.73 and a beta of 1.36. The stock has a fifty day moving average of $491.10 and a two-hundred day moving average of $453.20. 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 announced its earnings results on Monday, July 15th. The investment management company reported $8.62 earnings per share for the quarter, beating the consensus estimate of $8.52 by $0.10. The Goldman Sachs Group had a net margin of 9.36% and a return on equity of 10.56%. The firm had revenue of $12.73 billion during the quarter, compared to the consensus estimate of $12.60 billion. On average, analysts anticipate that The Goldman Sachs Group, Inc. will post 35.5 EPS for the current fiscal 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 given a dividend of $3.00 per share. The ex-dividend date is Friday, August 30th. This represents a $12.00 dividend on an annualized basis and a yield of 2.48%. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $2.75. The Goldman Sachs Group’s dividend payout ratio (DPR) is 46.86%.

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.