The Goldman Sachs Group, Inc. (NYSE:GS) Holdings Increased by Mill Creek Capital Advisors LLC

Mill Creek Capital Advisors LLC grew its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 3.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,194 shares of the investment management company’s stock after buying an additional 143 shares during the quarter. Mill Creek Capital Advisors LLC’s holdings in The Goldman Sachs Group were worth $1,897,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Evergreen Capital Management LLC raised its holdings in shares of The Goldman Sachs Group by 3.8% in the 2nd quarter. Evergreen Capital Management LLC now owns 1,530 shares of the investment management company’s stock worth $692,000 after purchasing an additional 56 shares in the last quarter. Public Sector Pension Investment Board raised its holdings in shares of The Goldman Sachs Group by 6.5% in the 2nd quarter. Public Sector Pension Investment Board now owns 54,691 shares of the investment management company’s stock worth $24,738,000 after purchasing an additional 3,352 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of The Goldman Sachs Group by 11.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,936 shares of the investment management company’s stock worth $2,233,000 after purchasing an additional 517 shares in the last quarter. Fidelis Capital Partners LLC raised its holdings in shares of The Goldman Sachs Group by 8.1% in the 2nd quarter. Fidelis Capital Partners LLC now owns 4,449 shares of the investment management company’s stock worth $2,105,000 after purchasing an additional 334 shares in the last quarter. Finally, Epoch Investment Partners Inc. raised its holdings in shares of The Goldman Sachs Group by 6.9% in the 2nd quarter. Epoch Investment Partners Inc. now owns 2,350 shares of the investment management company’s stock worth $1,063,000 after purchasing an additional 151 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors.

The Goldman Sachs Group Stock Performance

GS stock opened at $497.45 on Tuesday. The company has a market capitalization of $160.41 billion, a price-to-earnings ratio of 19.42, a P/E/G ratio of 0.73 and a beta of 1.36. The firm has a 50 day moving average of $492.07 and a two-hundred day moving average of $455.95. The Goldman Sachs Group, Inc. has a 12 month low of $289.36 and a 12 month high of $517.26. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.20.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Monday, July 15th. The investment management company reported $8.62 earnings per share for the quarter, topping the consensus estimate of $8.52 by $0.10. The firm had revenue of $12.73 billion during the quarter, compared to analyst estimates of $12.60 billion. The Goldman Sachs Group had a return on equity of 10.56% and a net margin of 9.36%. As a group, equities 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 paid a $3.00 dividend. The ex-dividend date of this dividend is Friday, August 30th. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $2.75. This represents a $12.00 dividend on an annualized basis and a yield of 2.41%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 46.86%.

Insider Buying and Selling

In other The Goldman Sachs Group news, Director Thomas K. Montag sold 10,000 shares of the company’s stock in a transaction dated 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Thomas K. Montag sold 10,000 shares of the stock in a transaction that occurred 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 completion of the sale, the director now directly owns 12,450 shares of the company’s stock, valued at $6,287,748. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian J. Lee sold 3,500 shares of the business’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 transaction, the insider now directly owns 12,095 shares in the company, valued at approximately $6,119,949.05. The disclosure for this sale can be found here. Insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Wolfe Research upgraded shares of The Goldman Sachs Group to a “hold” rating in a report on Wednesday, September 18th. Royal Bank of Canada reissued a “sector perform” rating and issued a $500.00 target price on shares of The Goldman Sachs Group in a research report on Tuesday, July 30th. BMO Capital Markets lifted their target price 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. Barclays lifted their target price on shares of The Goldman Sachs Group from $493.00 to $565.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. Finally, Wells Fargo & Company lifted their target price on shares of The Goldman Sachs Group from $504.00 to $550.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and a consensus 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.