Operose Advisors LLC Increases Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Operose Advisors LLC boosted its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 3.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,459 shares of the investment management company’s stock after purchasing an additional 84 shares during the quarter. Operose Advisors LLC’s holdings in The Goldman Sachs Group were worth $1,343,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of GS. King Wealth Management Group boosted its holdings in The Goldman Sachs Group by 1.8% during the first quarter. King Wealth Management Group now owns 1,086 shares of the investment management company’s stock worth $593,000 after buying an additional 19 shares in the last quarter. Wynn Capital LLC raised its position in shares of The Goldman Sachs Group by 0.3% in the first quarter. Wynn Capital LLC now owns 5,877 shares of the investment management company’s stock worth $3,211,000 after acquiring an additional 20 shares during the period. 1900 Wealth Management LLC raised its position in shares of The Goldman Sachs Group by 2.6% in the first quarter. 1900 Wealth Management LLC now owns 777 shares of the investment management company’s stock worth $425,000 after acquiring an additional 20 shares during the period. World Equity Group Inc. raised its position in shares of The Goldman Sachs Group by 0.9% in the first quarter. World Equity Group Inc. now owns 2,330 shares of the investment management company’s stock worth $1,273,000 after acquiring an additional 20 shares during the period. Finally, Register Financial Advisors LLC raised its position in shares of The Goldman Sachs Group by 2.5% in the first quarter. Register Financial Advisors LLC now owns 805 shares of the investment management company’s stock worth $440,000 after acquiring an additional 20 shares during the period. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Insider Transactions at The Goldman Sachs Group

In related news, CEO David M. Solomon sold 6,608 shares of the firm’s stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $712.31, for a total transaction of $4,706,944.48. Following the completion of the sale, the chief executive officer directly owned 126,176 shares in the company, valued at approximately $89,876,426.56. This trade represents a 4.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John F.W. Rogers sold 6,008 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president owned 65,761 shares of the company’s stock, valued at approximately $47,176,283.79. The trade was a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,079 shares of company stock valued at $14,423,221. Corporate insiders own 0.55% of the company’s stock.

Analysts Set New Price Targets

GS has been the subject of a number of analyst reports. HSBC reiterated a “reduce” rating and issued a $627.00 price objective (up previously from $558.00) on shares of The Goldman Sachs Group in a research report on Tuesday, July 8th. Barclays decreased their price objective on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an “overweight” rating for the company in a research report on Tuesday, April 15th. Keefe, Bruyette & Woods upped their price objective on shares of The Goldman Sachs Group from $771.00 to $790.00 and gave the stock a “market perform” rating in a research report on Thursday, July 17th. Morgan Stanley upped their price objective on shares of The Goldman Sachs Group from $680.00 to $715.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 17th. Finally, JMP Securities reiterated a “market perform” rating and issued a $600.00 price objective on shares of The Goldman Sachs Group in a research report on Monday, July 14th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, The Goldman Sachs Group has a consensus rating of “Hold” and an average target price of $660.00.

The Goldman Sachs Group Stock Performance

NYSE:GS opened at $721.76 on Monday. The company’s 50-day moving average price is $681.52 and its 200-day moving average price is $614.05. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.57. The company has a market cap of $218.49 billion, a P/E ratio of 15.90, a P/E/G ratio of 1.53 and a beta of 1.38. The Goldman Sachs Group, Inc. has a twelve month low of $439.38 and a twelve month high of $737.88.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Wednesday, July 16th. The investment management company reported $10.91 earnings per share for the quarter, topping the consensus estimate of $9.82 by $1.09. The firm had revenue of $14.58 billion for the quarter, compared to the consensus estimate of $13.53 billion. The Goldman Sachs Group had a net margin of 12.37% and a return on equity of 14.32%. The company’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same period last year, the firm posted $8.62 earnings per share. On average, sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Friday, August 29th will be paid a $4.00 dividend. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $3.00. This represents a $16.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, August 29th. The Goldman Sachs Group’s payout ratio is 26.44%.

The Goldman Sachs Group 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.