Bedel Financial Consulting Inc. Buys 24 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Bedel Financial Consulting Inc. increased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 6.4% during the 1st quarter, Holdings Channel reports. The institutional investor owned 397 shares of the investment management company’s stock after purchasing an additional 24 shares during the period. Bedel Financial Consulting Inc.’s holdings in The Goldman Sachs Group were worth $218,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its stake in The Goldman Sachs Group by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 6,584,202 shares of the investment management company’s stock worth $3,761,576,000 after buying an additional 161,500 shares during the last quarter. GAMMA Investing LLC grew its stake in The Goldman Sachs Group by 63,864.7% during the 1st quarter. GAMMA Investing LLC now owns 3,976,684 shares of the investment management company’s stock valued at $2,172,423,000 after purchasing an additional 3,970,467 shares during the last quarter. FMR LLC grew its stake in The Goldman Sachs Group by 23.7% during the 4th quarter. FMR LLC now owns 3,586,348 shares of the investment management company’s stock valued at $2,053,614,000 after purchasing an additional 687,711 shares during the last quarter. Northern Trust Corp grew its stake in The Goldman Sachs Group by 15.0% during the 4th quarter. Northern Trust Corp now owns 3,292,679 shares of the investment management company’s stock valued at $1,885,454,000 after purchasing an additional 428,502 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in The Goldman Sachs Group during the first quarter worth about $1,766,238,000. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, EVP John F.W. Rogers sold 6,008 shares of the stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $717.39, for a total transaction of $4,310,079.12. Following the completion of the transaction, the executive vice president owned 65,761 shares of the company’s stock, valued at $47,176,283.79. This represents a 8.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Denis P. Coleman sold 7,463 shares of the stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $724.40, for a total value of $5,406,197.20. Following the transaction, the chief financial officer directly owned 18,594 shares of the company’s stock, valued at $13,469,493.60. The trade was a 28.64% decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,079 shares of company stock valued at $14,423,221 over the last quarter. 0.55% of the stock is currently owned by insiders.

The Goldman Sachs Group Price Performance

Shares of The Goldman Sachs Group stock opened at $728.63 on Friday. The business has a 50 day simple moving average of $657.60 and a two-hundred day simple moving average of $605.76. The Goldman Sachs Group, Inc. has a 12 month low of $437.37 and a 12 month high of $729.89. The stock has a market capitalization of $223.57 billion, a P/E ratio of 16.06, a PEG ratio of 1.55 and a beta of 1.35. The company has a debt-to-equity ratio of 2.26, a current ratio of 1.12 and a quick ratio of 0.68.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Wednesday, July 16th. The investment management company reported $10.91 EPS for the quarter, beating analysts’ consensus estimates of $9.82 by $1.09. The Goldman Sachs Group had a return on equity of 13.84% and a net margin of 12.37%. The business had revenue of $14.58 billion during the quarter, compared to analysts’ expectations of $13.53 billion. During the same quarter in the prior year, the firm earned $8.62 earnings per share. The business’s revenue was up 14.5% compared to the same quarter last year. As a group, analysts predict that The Goldman Sachs Group, Inc. will post 47.12 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 Monday, September 29th. Shareholders of record on Friday, August 29th will be issued a dividend of $4.00 per share. The ex-dividend date is Friday, August 29th. This represents a $16.00 dividend on an annualized basis and a dividend yield of 2.20%. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $3.00. The Goldman Sachs Group’s dividend payout ratio is presently 26.44%.

Analysts Set New Price Targets

Several analysts recently commented on the company. Daiwa America lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. JPMorgan Chase & Co. dropped their target price on The Goldman Sachs Group from $625.00 to $614.00 and set an “overweight” rating on the stock in a report on Thursday, April 3rd. Barclays dropped their target price on The Goldman Sachs Group from $760.00 to $720.00 and set an “overweight” rating on the stock in a report on Tuesday, April 15th. Wall Street Zen raised The Goldman Sachs Group from a “sell” rating to a “hold” rating in a report on Saturday, July 12th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of The Goldman Sachs Group in a report on Thursday, July 10th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $660.00.

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.