The Goldman Sachs Group, Inc. $GS is Stolper Co’s 6th Largest Position

Stolper Co reduced its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,244 shares of the investment management company’s stock after selling 150 shares during the period. The Goldman Sachs Group makes up 3.1% of Stolper Co’s portfolio, making the stock its 6th biggest holding. Stolper Co’s holdings in The Goldman Sachs Group were worth $9,373,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of The Goldman Sachs Group during the first quarter valued at about $25,000. Mascagni Wealth Management Inc. bought a new position in The Goldman Sachs Group during the fourth quarter valued at approximately $31,000. American Capital Advisory LLC bought a new position in The Goldman Sachs Group during the first quarter valued at approximately $29,000. Godsey & Gibb Inc. lifted its position in The Goldman Sachs Group by 170.0% during the first quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company’s stock valued at $30,000 after purchasing an additional 34 shares during the period. Finally, Lowe Wealth Advisors LLC raised its position in The Goldman Sachs Group by 326.7% in the first quarter. Lowe Wealth Advisors LLC now owns 64 shares of the investment management company’s stock worth $35,000 after acquiring an additional 49 shares during the period. 71.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Wells Fargo & Company raised their price objective on shares of The Goldman Sachs Group from $785.00 to $855.00 and gave the company an “overweight” rating in a research report on Tuesday. Citizens Jmp reaffirmed a “market perform” rating on shares of The Goldman Sachs Group in a research note on Monday, July 14th. Hsbc Global Res cut shares of The Goldman Sachs Group from a “hold” rating to a “moderate sell” rating in a research report on Tuesday, July 8th. Royal Bank Of Canada reissued a “sector perform” rating on shares of The Goldman Sachs Group in a research report on Thursday, July 10th. Finally, JMP Securities restated a “market perform” rating and issued a $600.00 price target on shares of The Goldman Sachs Group in a report on Monday, July 14th. Five analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $665.00.

The Goldman Sachs Group Stock Up 1.3%

GS stock opened at $804.66 on Friday. The company’s 50 day moving average is $736.02 and its two-hundred day moving average is $636.45. The stock has a market cap of $243.59 billion, a P/E ratio of 17.73, a PEG ratio of 1.66 and a beta of 1.41. The Goldman Sachs Group, Inc. has a twelve month low of $439.38 and a twelve month high of $807.28. 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 Goldman Sachs Group (NYSE:GS) last issued its earnings results on Wednesday, July 16th. The investment management company reported $10.91 EPS for the quarter, topping the consensus estimate of $9.82 by $1.09. The Goldman Sachs Group had a net margin of 12.37% and a return on equity of 14.32%. The company had revenue of $14.58 billion for the quarter, compared to analyst estimates of $13.53 billion. During the same period in the previous year, the firm earned $8.62 EPS. The business’s revenue was up 14.5% on a year-over-year basis. Research analysts expect 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 announced a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Friday, August 29th will be paid a dividend of $4.00 per share. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $3.00. The ex-dividend date is Friday, August 29th. This represents a $16.00 annualized dividend and a dividend yield of 2.0%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 35.26%.

Insiders Place Their Bets

In related news, EVP John F.W. Rogers sold 6,008 shares of the firm’s stock in a transaction 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 transaction, the executive vice president directly owned 65,761 shares in the company, valued at $47,176,283.79. This trade represents a 8.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Denis P. Coleman sold 7,463 shares of The Goldman Sachs Group stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $724.40, for a total transaction of $5,406,197.20. Following the sale, the chief financial officer owned 18,594 shares in the company, valued at approximately $13,469,493.60. This represents a 28.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,323 shares of company stock valued at $28,111,828. Corporate insiders own 0.55% of the company’s stock.

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.