The Goldman Sachs Group, Inc. (NYSE:GS) Stock Holdings Increased by GM Advisory Group LLC

GM Advisory Group LLC boosted its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 21.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 592 shares of the investment management company’s stock after buying an additional 106 shares during the quarter. GM Advisory Group LLC’s holdings in The Goldman Sachs Group were worth $268,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GS. Aveo Capital Partners LLC increased its holdings in The Goldman Sachs Group by 8.2% in the fourth 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. grew 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 valued at $14,755,000 after purchasing an additional 963 shares during the last quarter. FineMark National Bank & Trust grew its holdings in shares of The Goldman Sachs Group by 3.6% during the fourth quarter. FineMark National Bank & Trust now owns 3,142 shares of the investment management company’s stock valued at $1,212,000 after purchasing an additional 109 shares during the last quarter. SageView Advisory Group LLC bought a new position in shares of The Goldman Sachs Group during the fourth quarter valued at approximately $505,000. Finally, Orion Portfolio Solutions LLC grew its holdings in shares of The Goldman Sachs Group by 3.5% during the fourth quarter. Orion Portfolio Solutions LLC now owns 10,679 shares of the investment management company’s stock valued at $4,153,000 after purchasing an additional 358 shares during the last quarter. 71.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on GS shares. BMO Capital Markets upped their target price on The Goldman Sachs Group from $360.00 to $373.00 and gave the company a “market perform” rating in a report on Wednesday, July 17th. Keefe, Bruyette & Woods upped their target price on The Goldman Sachs Group from $485.00 to $520.00 and gave the company an “outperform” rating in a report on Thursday, June 27th. Citigroup upped their target price on The Goldman Sachs Group from $460.00 to $485.00 and gave the company a “neutral” rating in a report on Tuesday, July 16th. Oppenheimer upped their target price on The Goldman Sachs Group from $504.00 to $559.00 and gave the company an “outperform” rating in a report on Tuesday, July 16th. Finally, Seaport Res Ptn downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 2nd. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $496.44.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Brian J. Lee sold 3,500 shares of the company’s stock in a transaction on Tuesday, July 16th. The stock was 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other The Goldman Sachs Group news, insider Brian J. Lee sold 3,500 shares of the company’s stock in a transaction on Tuesday, July 16th. The stock was 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas K. Montag sold 10,000 shares of the company’s stock in a transaction on 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 completion of the transaction, 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. 0.54% of the stock is owned by corporate insiders.

The Goldman Sachs Group Stock Performance

GS opened at $498.28 on Friday. The company has a market capitalization of $160.68 billion, a price-to-earnings ratio of 19.46, a price-to-earnings-growth ratio of 0.73 and a beta of 1.36. 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 1-year low of $289.36 and a 1-year high of $517.26. The business has a 50 day moving average price of $491.96 and a two-hundred day moving average price of $454.28.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Monday, July 15th. The investment management company reported $8.62 earnings per share for the quarter, topping analysts’ consensus estimates of $8.52 by $0.10. The firm had revenue of $12.73 billion during the quarter, compared to the consensus estimate of $12.60 billion. The Goldman Sachs Group had a return on equity of 10.56% and a net margin of 9.36%. Research analysts predict 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. Shareholders of record on Friday, August 30th will be given a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 2.41%. This is an increase 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 46.86%.

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.