Circle Wealth Management LLC Has $10.84 Million Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Circle Wealth Management LLC cut its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 5.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,972 shares of the investment management company’s stock after selling 1,443 shares during the period. The Goldman Sachs Group accounts for 0.2% of Circle Wealth Management LLC’s portfolio, making the stock its 27th largest holding. Circle Wealth Management LLC’s holdings in The Goldman Sachs Group were worth $10,843,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Hancock Whitney Corp boosted its holdings in shares of The Goldman Sachs Group by 101.5% during the 2nd quarter. Hancock Whitney Corp now owns 4,270 shares of the investment management company’s stock worth $1,931,000 after buying an additional 2,151 shares during the period. Ensign Peak Advisors Inc boosted its holdings in shares of The Goldman Sachs Group by 24.9% during the 2nd quarter. Ensign Peak Advisors Inc now owns 443,232 shares of the investment management company’s stock worth $200,483,000 after buying an additional 88,436 shares during the period. Summit Trail Advisors LLC boosted its holdings in shares of The Goldman Sachs Group by 6.3% during the 2nd quarter. Summit Trail Advisors LLC now owns 3,155 shares of the investment management company’s stock worth $1,427,000 after buying an additional 187 shares during the period. Chesapeake Wealth Management bought a new stake in shares of The Goldman Sachs Group during the 2nd quarter worth about $201,000. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of The Goldman Sachs Group by 4.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 14,562 shares of the investment management company’s stock worth $6,586,000 after buying an additional 634 shares during the period. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Price Performance

GS stock opened at $498.43 on Friday. The company has a 50 day simple moving average of $491.96 and a 200 day simple moving average of $454.73. The stock has a market cap of $160.73 billion, a price-to-earnings ratio of 19.46, a P/E/G ratio of 0.73 and a beta of 1.36. The Goldman Sachs Group, Inc. has a 1 year low of $289.36 and a 1 year high of $517.26. 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 (NYSE:GS) last released its quarterly earnings data on Monday, July 15th. The investment management company reported $8.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.52 by $0.10. The business had revenue of $12.73 billion during the quarter, compared to analysts’ expectations of $12.60 billion. The Goldman Sachs Group had a net margin of 9.36% and a return on equity of 10.56%. Research 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 firm also recently declared 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 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 ex-dividend date of this dividend is Friday, August 30th. The Goldman Sachs Group’s dividend payout ratio is 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 company’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 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Brian J. Lee sold 3,500 shares of the company’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 approximately $6,119,949.05. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 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 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 $6,287,748. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company’s stock.

Wall Street Analysts Forecast Growth

GS has been the subject of a number of recent research reports. Barclays boosted their price objective on shares of The Goldman Sachs Group from $493.00 to $565.00 and gave the company an “overweight” rating in a report on Tuesday, July 16th. UBS Group boosted their price objective on shares of The Goldman Sachs Group from $490.00 to $535.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. JPMorgan Chase & Co. boosted their price objective 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. Evercore ISI boosted their price objective on shares of The Goldman Sachs Group from $475.00 to $520.00 and gave the company an “outperform” rating in a report on Tuesday, July 16th. Finally, Citigroup boosted their price objective on shares of The Goldman Sachs Group from $460.00 to $485.00 and gave the company a “neutral” rating in a report on Tuesday, July 16th. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, The Goldman Sachs Group presently has an average rating of “Moderate Buy” and an average price target of $496.44.

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.